Gold World Resources Financing Progress

TORONTO, Nov. 29 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture) ("GWR" or the "Company") is pleased to announce that further to our press release dated October 27, 2010 the Company is pursuing completion of a non-brokered private placement of up to 40,000,000 Units at a price of $0.05 per Unit for gross proceeds of up to $2,000,000, with each Unit consisting of one common share and one-half of one warrant to purchase a common share of the Company. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.10 per share for a period of 12 months from the closing of the offering.  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.

The proceeds of the private placement will be used to advance gold exploration and development in the Hebei and Guizhou Provinces, China and for working capital purposes.

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 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.

%SEDAR: 00011137E

For further information:

Hermann Derbuch, P.Eng.
Tel.: [phone]   Fax: [phone]