New World Initiates Diamond Drill Program at the Agua Grande Gold-Copper Project, Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 21, 2014) - New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) ("New World" or the "Company") announces the start of a diamond drill program at the Agua Grande gold-copper project ("Agua Grande"). The 2,500 metre program, which began January 20, 2014, is designed to test several targets that have been identified through previous and recent geophysical surveys and geochemical sampling.

The drill program is being funded through an arrangement with the Company's project partner, Fondo de Inversión Privado EPG Exploración Minera ("EPG Exploration Fund"), a private equity fund managed by EPG Partners S.A., in Santiago, Chile (reported November 20, 2013). EPG Exploration Fund is the program operator and five diamond drill holes are planned to be drilled, each up to a 500 metre depth. Major Drilling has been contracted for the diamond drill program. The main target areas of the program are zones of high continuous induced polarization ("IP") chargeability, which were identified in 2011 by Geoxploraciones S.A. These zones are also anomalous in copper and gold based on surface samples. Geological indicators suggest the area is underlain by a porphyry-style mineralized system. The area is bounded by major structures where several veins occur.

New World Resources CEO, John Lando commented, "The Company is excited to have this drill program now underway. Agua Grande is located in a well-established mining jurisdiction and there are a number of positive geological indicators from previous work. We are pleased to be working with an experienced Chilean team and we look forward to receiving results."

The Project

Agua Grande, located in Region IV of Chile, consists of 15 concessions covering 1,074 hectares within the Agua Grande Mining District. The Project lies 900 metres above sea level and is approximately 95 kilometres northeast of La Serena and 565 kilometres north of Santiago. The access from La Serena is via the Panamerican Highway for 80 kilometres followed by 20 kilometres of gravel road, suitable for all types of vehicles year round. Several mining roads cross the area and provide access throughout the property. Power is available from the grid and approximately 20 kilometres to the north.