Gold World to be Reinstated to Trading



    TORONTO, Nov. 29 /CNW/ - (GDW-TSX Venture) Gold World Resources Inc. (the
"Company") is pleased to announce that the Company will be reinstated to trade
on November 30, 2007. Trading in the Company's shares was initially halted on
May 31, 2007 and suspended on July 25, 2007 following an investigation
initiated by the Company and pursued by the TSX Venture Exchange into certain
transactions effected by previous management related to the purported
acquisition of the Xiqinggangping Gold Project in China and the flow of funds
related to this Project.
    The reports of the forensic review and legal investigation conducted by
Grant Thornton LLP (chartered accountants) and B&J Partners (lawyers) (see
press releases May 30, June 7 and August 7, 2007) of the Company's investment
in the Xiqinggangping Gold Project state that the Company never had any
interest in the Xiqinggangping gold property, that it was never a shareholder
of any Chinese Foreign Joint Venture Company and, based on the final Grant
Thornton LLP Report dated November 15, 2007, that all of the Company's funds
expended in connection with that transaction could not be accounted for. As a
result the entire investment in the Xiqinggangping Gold Project has been
written off.
    The Company is currently suing those persons who were involved in the
structuring of the acquisition of the Xiqinggangping Gold Project (including
Richard Tong, a current director of the Company) for $350,000 in funds spent,
recovery of shares of the Company issued in the transaction and damages. In
connection with this Project 3,623,727 common shares were previously issued by
the Company. On October 25, 2007 the Company obtained a court order requiring
Messrs. Richard Tong, Boris Ziger and World Fortune Enterprises Inc. to
deliver their shares into escrow on the basis that such shares not be released
unless agreed to by the Company and the individual depositor of the shares to
be released or in accordance with a court order. The Court also granted an
interim injunction against Anwar Badshah, Jessie Bains and Harvey Lawson
enjoining them from transferring and voting the shares they each own in the
Company subject to a further hearing on November 2, 2007. On November 2, 2007
the Court ordered Mr. Lawson to place his shares into escrow on the same terms
as Messrs. Tong, Ziger and World Fortune Enterprises Inc. The injunction
against Mr. Bains is continued indefinitely until Mr. Bains satisfies the
Company that he no longer owns, directly or indirectly, any shares in the
Company or until there is a further order of the Court. The injunction against
Badshah is continued indefinitely until there is a further order of the Court.
The freezing of these shares was a requirement of the TSX-Venture Exchange to
lift the suspension in the trading of shares of Gold World Resources Inc.
    To continue the Company's strategy of exploring for precious metals in
China, Management has signed a Letter of Intent (see press release August 7,
2007 signing Letter of Intent) for the exploration and development of a
gold/silver property in the Hebei Province, China known as the Yangjiagou
(Ming) Project. The Company engaged local Chinese legal counsel to assist in
connection with this contract and to confirm all ownership considerations in
respect of the property. On November 27, 2007 the Company announced that it
had signed a Joint Venture Contract to establish a Sino-Foreign Contractual
Joint Venture Contract for the exploration and development of the gold/silver
Yangjiagou (Ming) Project (see press release November 27, 2007).
    The Company has retained SRK Consulting to prepare a 43-101 Technical
Report on the Yangjiagou (Ming) Project as a follow up on their due diligence
report of September 10, 2007 and expects to receive a working draft report
prior to year end.
    Additionally the Company is now arranging private placement financings of
up to $2,500,000 to (i) cover the acquisition costs (USD $1,750,000) of the
Yangjiagou (Ming) Project, (ii) carry out the anticipated Phase 1 recommended
work (estimated at $300,000) to be carried out in accordance with the SRK
43-101 Technical Report which draft report will be available to the Company
prior to year end and (iii) provide sufficient working capital for the
subsequent 18 month period.
    The Company does not currently comply with TSXV's Tier 2 listing
requirements and has been placed on 90 days notice to comply therewith,
failing which its listing will be transferred to NEX, a separate Board of TSX
Venture Exchange. The Company anticipates that, upon completion of the
proposed private placements and the completion of an acceptable 43-101 Report
on the Yangjiagou (Ming) Project, it will meet TSXV Tier 2 listing
requirements.
    Management continues to be committed to China as a result of the great
range of mining opportunities that are available, the exceptional
infrastructure, including paved roads and grid power in most exploration and
mining areas and the low cost profile of exploration in China combined with
high discovery potential.

    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's 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, 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.

    %SEDAR: 00011137E




For further information:

For further information: Hermann Derbuch, P.Eng., Tel: (416) 594-9888,
Fax: (416) 594-1967, E-mail: info@goldworldresources.com

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Gold World Resources Inc.

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