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Press Release
Gold World Resources made Option Payment for Mount Anderson Yukon Project
TORONTO, April 2, 2012 Gold World Resources Inc. (TSXV:GDW) or (the "Company") is pleased to announce that it has, as Optionee of the Mount Anderson Yukon gold/silver, polymetallic Project (“Mt. Anderson”) made payment of $75,000 and issued to the Optionors 250,000 voting common shares in accordance with the Option Agreement signed March 1, 2011 to have the right to acquire 100% of the property by making certain payments, share issues and exploration expenditures (see press release March 4, 2011).
The Company also confirms that it has met the expenditure requirement under the Option Agreement. Under the Option Agreement, the Company was required to make expenditures of $300,000 before the first anniversary of the agreement. The Company’s exploration expenditures during 2011on the Mt. Anderson Project were approximately $975,000.
About the Company:
The Company is a precious- and base-metals exploration company focusing on the Mount Anderson Yukon gold/silver, polymetallic Project. The 2011 exploration resulted in the detection of a pattern suggestive of major zoned body of mineralization that is more than 6,000 meters across and has a gold-enriched core of approximately 1,750 m by 400 m wide.
ON
BEHALF OF THE BOARD
"Hermann
Derbuch", For
further information please contact:
Chairman
& CEO Hermann
Derbuch, P.Eng.
Gold
World Resources Inc. Tel.:
416.594.9888 Fax: 416.594.1967
This Press Release may contain
forward-looking statements (including “forward looking information”
within the meaning of applicable Canadian securities legislation)
related to the Company’s activities which involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company 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 Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, save and except as may be required by applicable securities
laws. The forward-looking statements contained herein are expressly
qualified by this disclaimer. Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
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