TORONTO, Oct. 14 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture) (the
"Company") announces that the Company has engaged Mr. Don Arsenault to advise
senior management on acquisitions and operational issues on gold projects in
China (see press release August 7, 2008). Mr. Arsenault is a Professional
Mining Engineer from Queen's University and holds an MBA from the University
Mr. Arsenault is eminently qualified for this position with 30 years of
experience in operations management, mine evaluation, design, planning and
project management of mining projects in Canada and internationally. Mr.
Arsenault has held senior project management responsibilities on a wide
variety of mining-engineering projects, including due diligence assessments as
well as pre-feasibility and feasibility studies. He possesses strong
analytical and communication skills, complemented by the hands-on experience
necessary to manage projects in developing mining markets such as China.
Mr. Arsenault was most recently the Chief Operations Officer for Khan
Resources Inc. and as such was responsible for their day-to-day operations in
Mongolia. As Director of Business Development and Project Manager for Aker
Kvaerner E&C, his responsibilities included project management and conceptual
engineering for a gold/silver project in the Czech Republic and a variety of
projects in East Russia.
Mr. Arsenault's wealth of relevant experience will be instrumental in
realizing the Company's strategy to become a significant gold/silver mine
developer and producer in China.
About Gold World Resources Inc.:
The Company is exploring for precious metals in China and has signed a
Joint Venture Contract to establish a Sino-Foreign Contractual Joint Venture
Company for the exploration and development of the Ming Gold/Silver Project,
Hebei, China. More recently, the Company has signed a Letter of Intent with
Chifeng Kun Peng Mining Company Limited and accepted the invitation by Chifeng
Jiguanshan Mining Company Limited, both located in Inner Mongolia, China, to
provide the Company the opportunity to complete due diligence with the purpose
to enter into commercial transactions.
For more information about the Company's activities we invite you to
visit our website www.goldworldresources.com .
ON BEHALF OF THE BOARD
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.
For further information:
For further information: Hermann Derbuch, P.Eng., Tel.: (416) 594-9888,
Fax: (416) 594-1967