Gold World Resources Reports on Completion of Financing and Announces New Financing Opportunity

TORONTO, Jan. 28 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture) ("GWR" or the "Company") is pleased to announce the completion of the private placement of 5,280,000 units at $0.05 with each unit being comprised of one common share and ½ warrant; each full warrant comprised within the units is exercisable for a period of 12 months at an exercise price of $0.10 per warrant share (see press release of November 29, 2010).

As a result of the recent addition of the Mount Anderson, Yukon Project to GWR's property portfolio, the Company intends to offer a new financing to better reflect the requirements of the Company's commitments.

The new financing will consist of:

Unit Offering:  15,000,000 units at $0.05 per unit with each unit being comprised of one common share and ½ warrant. Each whole warrant is exercisable for a period of 12 months at an exercise price of $0.10 per warrant share.

Flow-Through Offering: 20,000,000 common shares at $0.07 per share to be issued on a flow-through basis within the meaning of the Income Tax Act (Canada).

The Company is pleased to be able to offer these shares under the new financing to its shareholders to participate in the growth, exploration and development of the Company's assets.

Completion of the offering is subject to TSX Venture Exchange approval and all securities issued under the offering will be subject to a four month statutory hold period.

About Gold World Resources Inc.:

The Company continues to explore for precious metals in China. With the signing of the Binding Letter of Intent on the prolific gold/silver play in the Yukon, Canada, the Board of Directors is implementing its corporate strategy to grow the Company and at the same time diversify its operating locations.


"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.

SOURCE Gold World Resources Inc.

For further information:

Hermann Derbuch, P.Eng.
Tel.: 416.594.9888 Fax: 416.594.1967

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Gold World Resources Inc.

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