East West Resource Corporation

East West Resource Corporation

January 16, 2008 02:00 ET

East West Resource Corporation: Gazooma Copper Zone Intersected at Depth-Marshall Lake VMS Property Thunder Bay, Ontario

- The Gazooma copper zone has been extended to depth. - 4.05% Copper, 0.39% Zinc, 68.7g/t Silver, 0.24g/t Gold over 0.53 metres (GAZ-07-08) - 1.73% Copper, 0.32% Zinc, 33.5g/t Silver, 0.28g/t Gold over 4.00 metres (GAZ-07-10) - A diamond drill rig is currently being mobilized to the property.

THUNDER BAY, ONTARIO--(Marketwire - Jan. 16, 2008) - East West Resource Corporation (TSX VENTURE:EWR) and its 50% joint venture partner, Eyeconomy Holdings PLC (PLUS:EYE) have received assay results for holes GAZ-07-08 and GAZ-07-10 which were previously reported (News Release, Nov. 28, 2007) to have intersected the Gazooma copper zone at depth. Both holes intersected the copper zone, which consists of semi-massive, stringer-style chalcopyrite-pyrrhotite mineralization. Highlights include 2.10% Copper, 1.19% Zinc, 37.0g/t Silver, 0.27g/t Gold over 2.04 metres, including 3.45% Copper 2.31% Zinc, 60.0g/t Silver, 0.48g/t Gold over 1 metre in GAZ-07-08 and 0.41% Copper, 0.11% Zinc, 7.6g/t Silver, 0.02g/t Gold over 11.52 metres including 2.04% Copper, 0.08% Zinc, 41.9g/t Silver, 0.13g/t Gold, 0.75 metres in GAZ-07-10. Results for GAZ-07-11 which test the near surface extension of the copper zone (News Release, Nov. 28, 2007) have also been received, returning 0.83% Copper 0.04%Zinc, 15.7g/t Silver, 0.12g/t Gold over 21.3 metres, including 6.74% Copper, 0.31% Zinc, 119.0g/t Silver, 1.03 g/t Gold over 0.6 metres.

Holes GAZ-07-11, GAZ-07-5, GAZ-07-08 and GAZ-07-10 make up a cross section of holes that progressively trace the Gazooma copper zone to depth. The interpreted geometry of the zone, as based on these holes, suggest that the intercepts reported represent 70 to 80 % of true width. As previously reported, (News Release June 6, 2007), assaying of core from hole GAZ-07-05 produced an intercept of 4.47% Copper, 86.59g/t Silver, 0.69g/t Gold over 6.7 metres. This cross section can also be viewed on the companies website; www.eastwestres.com.

The likelihood that the Gazooma copper zone extends beyond the current drilling has been confirmed by both a deep IP (induced polarization), and "Mise a la Masse" anomaly which coincides with a new VTEM anomaly (airborne EM). This suggests a more massive (conductive) sulphide zone occurs down plunge.

Holes GAZ-07-08 and GAZ-07-10 also intersected a second zone of stringer-style chalcopyrite and pyrrhotite mineralization beneath the Gazooma copper zone. Highlights include 1.84% Copper, 0.20%Zinc, 31.8g/t Silver, 0.14g/t Gold over 1.51 metres in GAZ-07-08 and 1.73% Copper, 0.32% Zinc, 33.5g/t Silver, 0.28g/t Gold over 4.00 metres in GAZ-07-10. This second zone of stringer mineralization is co-incident with a second parallel IP anomaly that extends from the Teck Cominco claims. The two parallel IP anomalies extend 600 m from Gazooma to Teck Hill where the original discovery was made by prospectors in 1954.

In addition to intersecting stringer-style mineralization, a broad zone of disseminated chalcopyrite and pyrrhotite was intersected near the bottom of holes GAZ-07-08, GAZ-07-10 and GAZ-07-11 returning up to 0.17% Copper, 0.5g/t Silver, 0.01g/t Gold over 85.84 metres in GAZ-07-08.

Receipt and analysis of all remaining results from drill core submitted for assay from last falls drilling program is nearing completion. The remaining targets to be reported on are the Cherry Hill zone, and several IP (induced polarization EM) anomalies.

A Diamond drilling rig is being mobilized to the property to continue to test the down plunge extension of the Gazooma copper zone as well as other targets on the property.

Diamond Drill Hole Intersections
Hole Intervals Copper Zinc Silver Gold over From To
% % g/t g/t (m) (m) (m)
GAZ-07-08 Gazooma Zone 2.10 1.19 37.0 0.27 2.04 39.96 42
GAZ-07-08 Inc. 3.45 2.31 60.0 0.48 1 40.46 41.46
GAZ-07-08 Second Stringer Zone 1.84 0.20 31.8 0.14 1.51 53.65 55.16
GAZ-07-08 Inc. 4.05 0.39 68.7 0.24 0.53 54.63 55.16
GAZ-07-08 Disseminated Zone 0.17 0.00 0.5 0.01 85.84 94.01 179.85
GAZ-07-08 Inc. 0.26 0.00 0.5 0.01 19 111 130
GAZ-07-08 Inc. 1.50 0.01 4.6 0.09 0.95 153.8 154.75

GAZ-07-10 Gazooma Zone 0.41 0.11 7.6 0.02 11.52 39.33 50.85
GAZ-07-10 Inc. 2.04 0.08 41.9 0.13 0.75 50.1 50.85
GAZ-07-10 Second Stringer Zone 1.73 0.32 33.5 0.28 4.00 89.00 93.00
GAZ-07-10 Inc. 2.07 0.37 40.1 0.34 3.00 90.00 93.00
GAZ-07-10 Inc. 3.22 0.64 60.6 0.53 0.50 92.5 93
GAZ-07-10 Disseminated Zone 0.23 0.00 0.3 0.01 24.10 131.10 155.20
GAZ-07-10 Inc. 0.34 0.00 0.4 0.00 10.00 141.20 151.20

GAZ-07-11 Gazooma Zone 0.83 0.04 15.7 0.12 21.3 1.5 22.8
GAZ-07-11 Inc. 2.71 0.15 49.7 0.46 2.5 16.7 19.2
GAZ-07-11 Inc. 6.74 0.31 119.0 1.03 0.6 17.6 18.2
GAZ-07-11 Disseminated Zone 0.15 0.00 0.3 0.00 44.60 73.40 118.00
GAZ-07-11 Inc. 0.29 0.00 0.4 0.00 7.00 84.80 91.80

NOTE: To view the map associated with this release, please visit the following link - http://www.ccnmatthews.com/docs/ewr0116.pdf

The project set out above is being supervised by R. Middleton, P.Eng, who is the qualified person and responsible for quality control of the assaying and reporting. More details are available at www.eastwestres.com.

Certain information regarding East West Resource Corporation contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although East West Resource Corporation believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. East West Resource Corporation cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what East West Resource Corporation currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.


Blake Colvin, Director


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