East West Resource Corporation
TSX VENTURE : EWR

East West Resource Corporation

July 15, 2008 02:00 ET

East West Resource Corporation: Drilling Confirms Continuity of Copper Mineralization at Marshall-Thunder Bay, Ontario

- Copper extends to depth in 3 areas - Continuity between historical surface occurrences demonstrated - Systematic resource definition drilling planned - Assays pending

TORONTO, ONTARIO--(Marketwire - July 15, 2008) - East West Resource Corporation (TSX VENTURE:EWR) ("East West") (the "company") and its 50% joint venture partner, Eyeconomy Holdings PLC (PLUS:EYE) are pleased to announce that a 20 hole, 2950m (9735 feet) core drilling program has been completed at Marshall Lake. In addition to testing individual shallow electro-magnetic anomalies produced by a VTEM survey, the program also tested deep anomalies beneath the Gazooma Zone and intersected multiple zones of copper mineralization that extend to 200 metres depth, and continuous in drill core for up to 50 metres. A section with three holes was also drilled on the continuous IP anomaly that links the Gazooma Zone with the Teck Hill occurrence and intersected multiple zones of mineralization thereby demonstrating continuity of at least 600 metres. This discovery will now transform this grass roots project from discovery stage to resource definition drilling.

Success was also achieved on the Gazooma North in follow-up to the 2007 drilling discovery where hole GAZN07-02 intersected 31.90 metres of 0.71% copper. Three holes completed confirm both lateral and depth continuity of mineralization to 85 metres. Drill core is currently being processed and samples have been submitted for assaying. Based on current assay turn around time, the company expects to be able to report results by the end of July. 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.

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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