New World Announces Non-Brokered Private Placement

New World Resource Corp. (the "Company") announces that it has arranged a non-brokered private placement of up to 5 million units of the Company (the "Units") at a price of $0.40 per Unit for gross proceeds of up to $2 million.

Each Unit will consist of one common share and one-half of one common share purchase warrant (each whole such warrant, a "Warrant"). Each Warrant will entitle the holder to purchase an additional common share at a price of $0.60 for a period of twelve months from the closing date.

The Company will pay a finder's fee equal to 6% of the gross proceeds raised, payable in cash or Units at the option of the finders, and issue non-transferable common share purchase warrants ("Finder's Warrants") in the amount equal to 8% of the number of Units subscribed for. Each Finder's Warrant will entitle the finder to purchase an additional common share of the Company at a price of $0.50 for twelve months from the closing date. The financing is subject to receipt of all necessary regulatory approvals.

The proceeds of the private placement will be used to fund a drill program to increase the current 43-101 compliant resource on the Company's Lipe�a copper-gold project (the 43-101 resource estimate report can be seen on the Company's website; http://www.newworldresource.com/i/pdf/NW_Lipena_43101_112508.pdf), for further resource definition on the Company's Pastos Grandes lithium-potash brine project and for general working capital.

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 Lipe�a copper gold project and the Pastos Grandes lithium brine project in Bolivia, and the recently joint-ventured Long Valley gold project in Nevada.

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 info@newworldresource.com, or visit the web site at www.newworldresource.com.