The “Certificate of Approval for Establishment of Enterprises with Foreign Investment in the People’s Republic of China”, issued by the Hebei Provincial Bureau of Commerce under authorization of the Ministry of Commerce, allows Gold World Resources Inc. of Canada and the Shijiazhuang Comprehensive Geological Brigade of Hebei Geological Bureau (the “Shijiazhuang Brigade”) to enter into a Cooperative 70%/30% Joint Venture (”CJV”) to be known as the “Hebei Ming Yu Mining Company Limited” (”Ming Yu”).

Ming Yu’s business scope is the exploration of gold deposits and their associated minerals within blocks and areas of exploration rights approved by government authorities. The term of Ming Yu’s operation is 30 years. This is a significant milestone for the Company.

Successful renegotiation, helped by current market conditions, resulted in a reduced threshold registered capital requirement, a significant benefit to the Company’s shareholders. The Company now can acquire its interest of 70 percent by spending US$178,393.00 over 6 months as compared to US$1,750,000.00 over 18 months (see press release February 25, 2008). The Company’s partner, the Shijiazhuang Brigade, acquires its interest of 30 percent by contributing the Ming exploration property, the exploration license and geological data related to that property, to Ming Yu.

The Company is also pleased that our partner, the Shijiazhuang Brigade, is anxious to assist in every way – from program planning to program execution – to jointly work out the logistics of our first exploration field season as a new Chinese company, on the promising Ming gold/silver project.

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