Noront Resources Ltd. V.NOT

GDW news - chinese JV - mc ONLY 1 mil.

[TheWinner1]

Headline: Gold World's Chinese Gold/Silver Joint Venture Accepted For Filing Symbol: GDW TORONTO, Feb. 25 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture) (the "Company") is pleased to announce that the TSX-Venture Exchange has accepted for filing, documentation pertaining to a Cooperative Joint Venture Contract ("CJV"), dated November 9, 2007, between the Company and Shijiazhuang Comprehensive Geological Brigade of Hebei Provincial Bureau of Geological Exploration & Mineral Resources Development, to establish a Joint Venture Company ("JVC"), operating under the name "Hebei Ming Yu Mining Corporation", located in Hebei Province, China. The JVC has the right to explore and develop the Ming Gold/Silver property. This is a major step for the Company and puts it on the path to implement its vision to play a significant role in China's gold/silver production growth. Under the terms of the Agreement, the Company will make aggregate cash payments of US$1,750,000 over an eighteen (18) month period to the registered capital and total investment of the JVC in order to earn 70 percent of the shares of the JVC. A finder's fee of US$60,000 in cash and 850,000 common shares will also be paid under the transaction. The Company's Ming Gold/Silver property is located in a prolific gold-silver area. In historic times gold and silver was mined from surface pits and underground adits many of which are visible on the property. Several producing gold and silver mines nearby highlight the attractiveness of this project location.