Gold World Resources announces retirement of Hermann Derbuch as Chairman, CEO and Director of the Company

Gold World Resources Inc. GDW
11/14/2012 9:58:00 AM
Gold World Resources announces retirement of Hermann Derbuch as Chairman, CEO and Director of the Company

TORONTO, Nov. 14, 2012 /CNW/ - Gold World Resources Inc. (GDW - TSX Venture) (the "Company") is saddened to announce the retirement of Hermann Derbuch as Chairman and Chief Executive Officer ("CEO") of the Company effective immediately due to health concerns. In his absence, Domenico Bertucci, currently CFO of the Company will also take on the temporary role of Chief Operating Officer ("COO"). The Company is in discussions with potential candidates to replace Mr. Derbuch and advance the Company's Mount Anderson Yukon gold/silver, polymetallic project ("Mt. Anderson").

Mr. Derbuch has been Chairman and CEO of the Company since September 2006, and has guided the Company through some very difficult times including the global economic downturn in September 2008. Mr. Derbuch was responsible for securing the Company's Option Agreement to acquire a 100% interest in Mt. Anderson. The Company wishes to express its gratitude to Mr. Derbuch, and wish him all the very best during his retirement.

About Gold World Resources Inc.:
The Company is a precious and base metals exploration company focusing on Mt. Anderson.

ON BEHALF OF THE BOARD
Domenico Bertucci ,
CFO and COO
Gold World Resources Inc.