TORONTO, Aug. 21 /CNW/ - (GDW-TSX Venture) ("Gold World" or the
"Company") Hermann Derbuch, P.Eng. has received a resounding mandate to carry
out the gold program of the Company in China and to take advantage of the
exceptional opportunities that China, due to its economic power, rich precious
metal resources with high discovery potential and well developed
The Board of Directors made the following appointments:
Chairman and Chief Executive Officer Hermann Derbuch, P.Eng.
Chief Financial Officer Domenico Bertucci, CA
Chairman of the Audit Committee Brian D. McChesney, P.Eng., MBA
Audit Committee Member Gerard J. Gauthier, P.Eng.
Audit Committee Member André M. Pauwels, P.Geo.
As previously reported (see press release "Gold World Resources Update on
Forensic Investigation" August 7, 2007) Management has been working closely
with the TSX Venture Exchange to resolve their issues and have the Company
resume trading. At this time, Gold World is unable to determine an exact
timeline as to when the review may be completed or when trading in the shares
of the Company may resume.
At the same time, the Company is working to complete and sign the Joint
Venture contract with the Shijiazhuang Comprehensive Geological Brigade of the
Hebei Provincial Bureau of Geology & Mineral Resources Development to
establish a Sino-Foreign Contractual Joint Venture Company ("Hebei Ming Duo
Mining Corporation) in Shijiazhuang, Hebei Province, and to carry out jointly
the exploration on the Ming Gold/Silver Property (see press release August 7,
2007 (signing Letter of Intent)).
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.
For further information:
For further information: Hermann Derbuch, P.Eng., Tel: (416) 594-9888,
Fax: (416) 594-1967, E-mail: firstname.lastname@example.org