East West Resource Corporation
TSX VENTURE : EWR

East West Resource Corporation

September 10, 2008 10:01 ET

East West Options North Trap Property to Gee-Ten Ventures Inc., Norton-McFaulds Lake Area

TORONTO, ONTARIO--(Marketwire - Sept. 10, 2008) - East West Resource Corporation ("East West" or the "Company") (TSX VENTURE:EWR) announces that it has entered into letters of intent with Gee-Ten Ventures Inc. (TSX VENTURE:GTV) and Temex Resources Corp. (TSX VENTURE:TME) whereby Gee-Ten may earn the right to acquire up to 65% interest in the 208 claim unit North Trap property in the Norton-McFaulds Lake Area in the James Bay Lowlands.

The North Trap property covers a 12km long magnetic structure on the northern edge of the Highbank Lake Layered Mafic complex; the western end of which trends onto claims recently optioned to Noront Resources by East West-Temex. The North Trap property has been covered with a magnetic and electro-magnetic VTEM survey and three prominent and distinct conductors have been located. Gee-Ten intends to drill these targets as soon as possible while drilling equipment and crews are active on adjacent properties.

The terms of the agreement call for Gee-Ten to make cash payments of $50,000 and share issuances of 50,000 per year for the next four years and spend $600,000 within 12 months of signing and $3.0 million over the next three years to earn a 50% interest in the property. Thereafter, a joint venture will be formed to develop the property but Gee-Ten will have the exclusive option to earn another 10% property interest by spending an additional $1.0 million and an additional 5% for preparing a Feasibility study.

The Agreement is subject to the approval of the TSX Venture Exchange.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

M.J. (Moe) Lavigne, President and CEO

THE TSX VENTURE EXCHANGE DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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