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| ||Mon Feb 1, 2010|
New World Engages Investor Relations Consultant
| ||Vancouver, BC: New World Resource Corp. ("New World" or the "Company") has entered into an agreement (the "Agreement") with SIGOREX Management GMBH ("SIGOREX") for the provision of investor relations and communications services to New World. SIGOREX, based in Kulmbach, Germany, is a boutique consulting firm that specializes in investor outreach in Europe for mineral exploration companies. SIGOREX advises that one of its principals holds 300,000 common shares of New World and that it, or its principals, may acquire or dispose of securities of New World in the future.|
Pursuant to the Agreement, SIGOREX will provide investor relations services to the Company including, but not limited to, representing the Company at trade shows and introducing the Company to investors in Europe.
In consideration for its services SIGOREX will be granted 250,000 options to acquire common shares of New World. These options will vest in accordance with the Company's January 13, 2004 Stock Option Plan, as amended (the "Plan"). The term of these options is two years from the date of grant and the exercise price is $0.25 per common share.
The Agreement is effective for a period of 12 months commencing February 1, 2010 and is subject to the approval of the TSX Venture Exchange.
Separately, the Company has granted incentive stock options to an officer of the Company, to purchase 100,000 common shares of the Company. These options are exercisable for a period of five years at a price of $0.25 per common share. The options were granted under and are subject to the terms and conditions of the Plan.
About New World
New World Resource Corp. is a Canadian based mining exploration company focused on building a strong, diversified project portfolio within the Americas. The Company's projects include the Lipeña copper gold project and the Pastos Grandes lithium brine project in Bolivia.
NEW WORLD RESOURCE CORP.
John Lando, President
For information with respect to the Company or the contents of this news release, please contact John Lando or Don Flahiff at (604) 669-2701 or toll free at 1-800-663-0510, email at firstname.lastname@example.org, or visit the web site at www.newworldresource.com.
This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, statements regarding the extent and timing of its exploration programs, exploration program budgets and exploration results. This forward-looking information is given as of the date of this news release. Users of forward-looking information are cautioned that actual results may vary from the forward-looking information contained herein. While the Company has based this forward-looking information on its expectations about future events as at the date that such information was prepared, the information is not a guarantee of the Company's future performance and is subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking information. Such factors and assumptions include, amongst others, the effects of general economic conditions, the price of lithium, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking information. In addition, there are also known and unknown risk factors which could cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Known risk factors include, among others, risks relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; political and economic instability and general civil unrest in Bolivia; potential defects in title to the properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company is under no obligation to update or alter any forward-looking information except as required under applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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