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New World Closes $3.1 Million Brokered Private Placement


September 28, 2009

Vancouver, BC: New World Resource Corp. (the "Company") is pleased to announce that its previously announced brokered private placement of 11,481,482 units ("Units") at a price of $0.27 per Unit for gross proceeds of approximately $3,100,000 closed on September 25, 2009. Each Unit consists of one common share of the Company and one half of one common share purchase warrant. Each full warrant is exercisable at a price of $0.40 for a period of 12 months after the closing date. The Units are subject to a four month hold period expiring January 26, 2010.

Byron Securities Limited and PowerOne Capital Markets Limited (together, the "Agents") acted as agents for the private placement. The Company has paid a cash commission to the Agents equal to 8% of the gross proceeds of the offering and has also granted the Agents compensation options to subscribe for an additional 1,148,148 Units.

The proceeds of the offering will be used to advance the Company's current lithium initiative, finance expected expenditures on its properties and for general working capital purposes.

The securities will not be and have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.