EXHIBIT 11.1

CODE OF ETHICS

ChineseWorldNet.com Inc. (the "Company") seeks to promoteethical conduct in its financial management and reporting. As a public company,it is essential that the Company's filings with the Securities and ExchangeCommission are accurate, complete and understandable. The principal executiveand financial officers of the Company hold an essential role in this process.This Code of Ethics applies to the principal executive officer, principalfinancial officer, principal accounting officer and controller of the Companyand other employees of the Company performing similar functions as well as anyother employee of the Company who may be designated by the Board of Directorsfrom time to time as being subject to this Code of Ethics (each, a "FinancialOfficer"). 

1. Each Financial Officer shall: 

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Act    with honesty and integrity, avoiding actual or apparent conflicts of    interest in personal and professional relationships. 
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    Provide the Board of Directors with information that is accurate, complete,    timely and understandable. 
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    Comply with all laws, rules and regulations of federal, state and local    governments and regulatory agencies. 
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Act    in good faith with due care, competence and diligence, without allowing his    or her independent judgment or conduct to be improperly influenced. 
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    Proactively promote ethical behavior within the Company. 
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    Promote responsible use of and control over all Company assets and    resources. 
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    Provide full, fair, accurate, timely and understandable information in all    reports and documents filed with, or submitted to, the Securities and    Exchange Commission or any other governmental entity and in any other public    communication made by the Company. 
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    Promptly report any violations of this Code of Ethics to the Chairman of the    Board of Directors. 
2. Violations of this Code of Ethics may subject a FinancialOfficer to disciplinary action, ranging from a reprimand to dismissal andpossible criminal prosecution. 

3. Each Financial Officer shall certify each year that he or shehas not violated this Code of Ethics and is not aware of any violation of thisCode of Ethics by any other Financial Officer that has not been reported to theChairman of the Board of Directors. 

4. This Code of Ethics may be amended by the Board of Directors.

Adopted: October 29, 2004 

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