New World Announces the Commencement of Lipena-Bonete Drill Program

NOT FOR DISSEMINATION TO THE UNITED STATES

New World Resource Corp. (the "Company") (TSX VENTURE:NW)(FRANKFURT:NWU)
announces the commencement of a 10,000 metre diamond drilling program at the
Lipena-Bonete project, in Bolivia. The program is designed to extend the
previously reported National Instrument 43-101 ("NI 43-101") resource outlined
within the original Lipena property and to expand and test new targets in the
encompassing Bonete property.


Drilling is now underway, and will run concurrently with the ongoing geophysical
Induced Polarization ("IP") survey. 


Company President & CEO, John Lando, commented: "We are very excited about
getting a drill back on the Lipena deposit and to test targets in the
surrounding Bonete property. The Company is well funded and ready to make
significant progress. The crews are now on site and the drill is turning."


The Company has completed an integrated interactive 3D model that merged the
pre-existing geophysics, geochemical, geological, and resource block models.
This model allows the team to view and interpret all relevant data in a
quantitative relationship and will aid in the selection of drill targets. 


Previous work has located three main zones of hydrothermal magmatic breccias,
which have been named: La Mosa, Central and Lipena from northwest to southeast.
At surface these appear to be separate bodies, however the drill data suggests
that they are likely related at depth, and represent the top of a porphyry
system. The Lipena zone has received the majority of the drilling to date,
however, the two other zones, La Mosa and Central, contain significant gold
intercepts. At La Mosa an interval of 127.2 metres from 36 to 163.2 metres
returned 1.3 grams per tonne ("g/t") gold including 10.9 metres of 7.5 g/t gold,
and in the Central zone a diamond drill hole intersected 71 metres of 1.2 g/t
gold from 78 to 149 metres (reported October 25, 2006). Within the Lipena zone
previously announced on September 13, 2006 drill hole 06DLP-47 intersected 212
metres of 2.6 g/t gold, 1.5% copper and 21.9 g/t silver, including 70 metres of
5.3 g/t gold, 3.2% copper, and 47.2 g/t silver. This drill hole may represent a
feeder system and requires further delineation.


The Lipena project and the surrounding Bonete concession encompasses
approximately 6,000 hectares. The Lipena project has undergone more than 18,000
metres of drilling and has a previously reported NI 43 101 resource of:




----------------------------------------------------------------------------
Open Pit Resource Estimate                                                  
----------------------------------------------------------------------------
                   Indicated                           Inferred             
      ----------------------------------------------------------------------
         Tonnes                              Tonnes                         
        greater                             greater                         
Cut-    than or                             than or                         
off    equal to                            equal to                         
%CuEQ    Cutoff Cu % Au g/t Ag g/t  CuEQ%    Cutoff Cu % Au g/t Ag g/t CuEQ%
----------------------------------------------------------------------------
0.30  1,977,840 0.68   0.07   25.5   0.98 4,616,100 0.63   0.23   21.7  0.99
----------------------------------------------------------------------------
0.40  1,849,920 0.72   0.07   25.9   1.02 4,450,170 0.65   0.24   21.9  1.01
----------------------------------------------------------------------------
0.50  1,660,500 0.78   0.08   26.0   1.09 4,049,340 0.69   0.26   21.9  1.07
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Underground Resource Estimate                                               
----------------------------------------------------------------------------
                   Indicated                          Inferred              
      ----------------------------------------------------------------------
         Tonnes                             Tonnes                          
        greater                            greater                          
Cut-    than or                            than or                          
off    equal to                           equal to                          
%CuEQ    Cutoff Cu % Au g/t Ag g/t CuEQ%    Cutoff  Cu % Au g/t Ag g/t CuEQ%
----------------------------------------------------------------------------
0.50  7,763,760 0.89   1.07   10.8  1.64 8,387,820  0.43   0.57    7.6  0.85
----------------------------------------------------------------------------
0.75  5,822,820 1.06   1.34   12.2  1.99 4,024,350  0.54   0.77    8.7  1.09
----------------------------------------------------------------------------
1.00  4,705,980 1.18   1.56   13.5  2.26 1,848,330  0.66   1.00   10.0  1.36
----------------------------------------------------------------------------
1.25  4,054,080 1.26   1.71   14.3  2.44   890,070  0.78   1.22   12.3  1.64
----------------------------------------------------------------------------
1.50  3,453,840 1.36   1.84   15.3  2.62   410,670  0.89   1.54   14.1  1.96
----------------------------------------------------------------------------

Notes:

--  The mineral resources were estimated by ordinary kriging constrained by
    a 3D solid model based on 0.20% copper equivalent grade shells. The
    grade shells are both within and outside of the quartz-tourmaline
    breccia zones and are used as hard boundaries to limit composite
    extraction, geostatistical analysis and block grade estimation. The
    block model was created with Surpac Vision software using a block size
    of 10x10x10 metres.  
--  Grade estimation was based on analyses of core samples from 26 diamond
    drill holes and 17 reverse circulation holes for a total of 11,403
    metres completed between 1994-96 and 2006-07. The nominated composite
    length was set at three metres. The density values assigned to the major
    lithologies were based on 434 bulk density measurements of drill core. 
--  Copper equivalent is calculated as follows: %CuEQ (Copper equivalent) =
    %Cu + g/t Au (i) 0.604 + g/t Ag (i) 0.01, with Cu (copper) at $2.55/lb,
    Au (gold) at $1035/oz, and Ag (silver) at $17.25/oz. 



Readers are cautioned that mineral resources are not mineral reserves until
positive economic viability has been demonstrated, through a feasibility study
or pre-feasibility study. The estimate of mineral resources may be materially
affected by environmental, permitting, legal, title, taxation, socio-political,
marketing, or other relevant issues. The quantity and grade of reported inferred
resources in this estimate are uncertain in nature and there has been
insufficient exploration to define these inferred resources as indicated or
measured mineral resources and it is uncertain if further exploration will
result in upgrading them to an indicated or measured minerals resource category.


Quality Control and Assurance

Exploration work on the Lipena-Bonete project will be under the supervision of
Joan McCorquodale, P.Geo, the Company's Vice President, Exploration, who is the
qualified person, as defined in NI 43-101, and is responsible for the
preparation of the information contained in this news release.


About New World

New World Resource Corp. is a Canadian mineral exploration company focused on
building a strong, diversified project portfolio within the Americas.


NEW WORLD RESOURCE CORP.

John Lando, President & CEO

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, 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.