Gold World Resources Appoints R. Charles Allen as Director

Gold World Resources Inc. GDW
12/24/2012 10:28:00 AM
Gold World Resources Appoints R. Charles Allen as Director

TORONTO, Dec. 24, 2012 /CNW/ - Gold World Resources Inc. (TSXV: GDW) or (the "Company") is pleased to announce the appointment of R. Charles ("Chuck") Allen to the Board of Directors of the Company.

Mr. Allen has a diverse background including experience as a senior executive, an investment banker, and a finance / M&A lawyer. He has been involved in more than $5 billion in equity, debt and M&A transactions, and has been a Board member of a number of public companies. He has also worked internationally in various regions including Europe, Canada and the U.S., Africa, Caribbean, and Central and South America. Mr. Allen is currently president of Giyani Gold Corp. (TSXV: WDG), a Canadian based gold exploration company with properties in South Africa and Ontario. Previously, he was the President of a gold mining company with producing assets in southern Africa and a diamond exploration company with assets in the Northwest Territories. During his tenure, Mr. Allen managed more than 1,000 employees and more than doubled revenues. Mr. Allen received his L.L.B. and a Bachelor of Education degree from the University of Alberta.

The Company also announces the resignation of Brian D. McChesney as Director of the Company due to his other various business commitments. Mr. McChesney has always supported and will continue to support the Company, and we wish to thank him for his many years of support and service.

The Company continues searching for a suitable candidate to replace Hermann Derbuch, the recently retired Chairman and CEO of the Company.

About the Company
The Company's objective is to grow into a self sufficient precious metals producer by advancing Mt. Anderson and also taking advantage of other opportunities offered for joint venture or acquisition. The Company has assembled an internationally recognized team of highly qualified and experienced professionals and operators with long-time experience in international exploration, mining, mine building, financing and banking.

Domenico Bertucci,
CFO and Interim COO
Gold World Resources Inc.