Gold World Resources' Shareholders Support Company Growth Strategy

TORONTO, July 2 /CNW/ - Gold World Resources Inc. (GDW:TSX-V) ("the Company") is pleased to report that on June 25, 2009 at the Company's Annual and Special Meeting shareholders representing 15,877,300 or 25% of shares outstanding gave management a solid mandate for its growth strategy in China.

    
    The slate of re-elected directors comprised:
                Hermann Derbuch, P.Eng.
                Denis Francoeur, P.Geo.
                Gerald Gauthier, P.Eng.
                Brian D. McChesney, P.Eng.
                Peter Schmied

    and reaffirmed Officers:
                Hermann Derbuch - Chairman and Chief Executive Officer
                Domenico Bertucci - Chief Financial Officer

    The Audit Committee, consisting of independent directors, was appointed at
the ensuing Board Meeting:
                Brian D. McChesney - Chairman Audit Committee
                Gerald Gauthier - Member
                Peter Schmied - Member
    

Management reported that three important requirements of being recognized to carry on business in China have been accomplished. Firstly, the Company received the "Certificate of Approval for Establishment of Enterprises with Foreign Investment in the Peoples Republic of China". Secondly the Business License for Hebei Ming Yu Mining Corporation Limited was received, a short six days later; both licenses have a business term of 30 years (see our website www.goldworldresources.com). Thirdly, the Company established an office in downtown Shijiazhuang, the capital of Hebei Province, as location of the Company's Ming Gold/Silver Project ("Ming"). This office serves as the Chinese Headquarters of the Company.

Management is working diligently to build on the accomplishments realized to date by holding its course and staying true to its vision "to play a significant role in China's gold-silver production growth". More so than ever, management is convinced that China and gold are an investment combination that will give outstanding returns in today's economic environment.

China has a great number of small-scale gold producers that, partly due to the higher gold price and partly due to the Chinese government's changing mining policy, are looking to improve output and profit. Holding them back is the lack of capital and technical expertise. The Company intends to use its capital base and experienced management team to seek opportunities to grow the Company's assets.

We believe that the unsettling economic situation works in our favor and, with the help of our Chinese network, will provide us with the opportunity to explore a great number of projects which could, with technical know-how and modest investment, turn into great performers. The acquisition of a small number of vein-type operations put together could quickly add up and turn Gold World Resources into a mid-sized producer.

During the last 16 months we have actively investigated, with the objective of potential acquisition or joint venture, seven (7) gold-silver projects at various stages of mining. The projects investigated so far are located in North-, Central- and South China. The Company commissioned SRK Consulting China ("SRK") to investigate two gold projects in more detail and to produce due diligence reports for the purpose of negotiations. SRK is a reputable international Engineering Company located in Beijing.

While continuing to investigate potential new projects, the Company is moving forward with preparations for onsite exploration of the Ming Project. One of the more attractive features of this project is its close vicinity to three producing high-grade gold-silver mines on similar geology and structure. During management's April visit to the project site, a new area with indications of historic surface and underground mining activity was discovered. This reinforces the prospective nature of the project and its excellent discovery potential.

Setting up business requires the availability of pertinent information ready for implementation at a moment's notice. We are working on establishing a method for portability of business rules as well as of a business process deployment model suitable for instant implementation at Ming and at any of our future project sites. To the benefit of all shareholders, this approach will provide smooth transitions, reduce confusion and lower the cost of doing business.

    
    ON BEHALF OF THE BOARD
    "Hermann Derbuch",
    Chairman & CEO
    Gold World Resources Inc.
    

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Securities Act (Alberta), including statements concerning Gold World Resources' plans for the Property, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gold World Resources, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such information contained herein represents management's best judgment as of the date hereof based on information currently available.

    
    The TSX-Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    

Contacts

Hermann Derbuch
P.Eng.
Tel.: (416) 594-9888
Fax: (416) 594-1967