New World Closes First Tranches of Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) (the "Company") is
pleased to announce the closing of the first two tranches of its previously
announced non-brokered private placement. Gross proceeds of $2,560,800 were
raised in the first two tranches.


In the first tranche of the private placement, the Company has issued 2,320,000
Units (the "Units") at $0.40 per Unit to institutional and private investors.
Each Unit consists of one common share of the Company and one-half of one share
purchase warrant. Each whole warrant (a "Warrant") entitles the holder to
purchase one additional common share of the Company at an exercise price of
$0.60 until March 4, 2012.


In the second tranche of the private placement, the Company has issued 4,082,000
Units (the "Units") at $0.40 per Unit to institutional and private investors.
Each Unit consists of one common share of the Company and one-half of one share
purchase warrant. Each whole warrant (a "Warrant") entitles the holder to
purchase one additional common share of the Company at an exercise price of
$0.60 until March 11, 2012.


In connection with the first tranche of the private placement, the Company paid
finders' fees of $18,240, issued 72,600 finders' Units, with the same terms and
conditions as the Units issued under the private placement, and issued 157,600
non-transferable share purchase warrants ("Finders' Warrants") to Axemen
Resource Capital Ltd., Mackie Research Capital and Raymond James Ltd. Each
Finders' Warrant will entitle the holder to purchase one additional common share
of the Company at a price of $0.50 expiring on March 4, 2012.


In connection with the second tranche of the private placement, the Company paid
finders' fees of $28,772.40, issued 172,989 finders' Units, with the same terms
and conditions as the Units issued under the private placement, and issued
326,560 non-transferable share purchase warrants ("Finders' Warrants") to
Canaccord Genuity Corp. Each Finders' Warrant will entitle the holder to
purchase one additional common share of the Company at a price of $0.50 expiring
on March 11, 2012.


The Units, in the first tranche, are subject to a 4-month hold period expiring
July 5, 2011. The Units, in the second tranche, are subject to a 4-month hold
period expiring July 12, 2011.


It is anticipated that a third tranche of this private placement will close shortly.

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 Lipena
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 Lipena 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

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 use of proceeds of this financing,
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 misjudgements 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.