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| ||Thu Oct 14, 2010|
Luis Mercado Appointed Director of New World
| ||Vancouver, BC: New World Resource Corp. (the "Company" or "New World") announces the appointment of Mr. Luis Mercado to the board of directors of the Company. Mr. Mercado is currently the President of Empresa Minera Unificada S.A. ("EMUSA"), one of the largest private mining operators in Bolivia.|
John Lando commented "The appointment of Luis is a significant development for our company and our projects in Bolivia. After many years of working successfully with Mr. Mercado as a joint venture partner both parties have agreed to come together and consolidate efforts around the successful development of New World's projects in Bolivia. Mr. Mercado's family businesses are major shareholders of New World and it is now in everyone's interest to focus on the successful development opportunities that our company has with both the Pastos Grandes lithium brine project and the Lipeña copper-gold project."
About Luis Mercado
Mr. Mercado, the Mercado family and their companies, EMUSA and Empresa Minera Marte S.R.L., have been instrumental in the development of many major mining operations in Bolivia over the last 50 years. The Mercado family has been one of the largest employers within the Bolivian mining industry. Mr. Mercado took over the management of the family business following the death of his father, a former mayor of La Paz. EMUSA has been involved with many private mining operations and also has played a significant role in the development of numerous projects, including the successful San Vicente silver mine, which is currently owned and operated by Pan American Silver.
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.
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