New World announces intention to sell lithium assets to Li3 Energy, Inc. in exchange for 22.5% interest in Li3 Energy, Inc.
New World Resource Corp. ("New World" or the "Company") (TSX VENTURE:NW)(FRANKFURT:NWU) wishes to announce that it has entered into a letter of intent with Li3 Energy, Inc. (OTCBB:LIEG) ("Li3") relating to the sale of New World's lithium assets to Li3.