East West Resource Corporation

East West Resource Corporation

November 28, 2007 02:00 ET

East West Resource Corporation: Gazooma Copper Zone Extends to Depth

- Recently completed diamond drilling intersects the Gazooma copper zone at depth - Airborne VTEM survey detects an electromagnetic conductor down dip from Gazooma - 14 additional electromagnetic conductors were detected by the VTEM survey

THUNDER BAY, ONTARIO--(Marketwire - Nov. 28, 2007) - East West Resource Corporation (TSX VENTURE:EWR) and its 50% joint venture partner, Eyeconomy Holdings PLC (PLUS:EYE) report that the Gazooma copper zone which was originally exposed by trenching, and later tested by diamond drill holes GAZ-06-1, 2, 4 and GAZ-07-5, has been intersected by holes GAZ-07-08 and GAZ-07-10 at greater depth. Both holes intersected 2.88 and 9.85 metres (respectively) of stringer chalcopyrite and pyrrhotite similar to that seen in hole GAZ-07-5. The near surface extension of the copper zone was also intersected by GAZ-07-11 which collared in mineralization and returned 21.3 metres of stringer chalcopyrite and pyrrhotite. The core has been processed and submitted for analysis, results are pending.

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. As previously reported, (News Release June 6, 2007), assaying of core from hole GAZ-07-05 produced an intercept of 4.47% Copper, 86.59 g/6t silver, 0.692 g/t gold over 6.7 metres.

The likelihood that the Gazooma copper zone extends beyond the current drilling has been confirmed by both a deep IP (induced polarization) anomaly which coincides with a new VTEM (helicopter borne electromagnetic survey) anomaly. This suggests a more massive (conductive) sulphide zone occurs down dip. Deeper drilling is planned to intersect the zone 100 m below surface.

In addition to intersecting the Gazooma copper zone, holes GAZ-07-08 and 10 also intersected a second zone of stringer chalcopyrite and pyrrhotite and a broad (greater than 50 metre core length) zone of disseminated chalcopyrite and pyrrhotite. This second zone of stringer mineralization is co-incident with a second parallel IP anomaly that extends from the Teck Cominco claims. Two parallel IP anomalies extend 600 m from Gazooma to Teck Hill where the original discovery was made by prospectors in 1954.

This drilling program was followed up with "Mise a la Masse" surveys (downhole electromagnetic survey) which confirmed the continuation of sulphide zones and will guide further drilling.

The VTEM survey detected 14 additional conductors on the property that were not previously known and prospecting of these new target areas is underway. Most of the new targets are expected to be drill tested this winter.

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.

About the Marshall Lake Project:

East West Resource Corporation and Eyeconomy Holdings PLC each hold a 50% interest in the Marshall Lake Copper-Zinc Volcanogenic Massive Sulphide (VMS) Property, located 310 kilometers north of Thunder Bay, Ontario, Canada. The Marshall Lake Property is consists of 965 claim units, a 152 square kilometer area which encompasses widespread copper and zinc occurrences.

High grade near surface copper and zinc discoveries were made in the remote Marshall Lake area between 1954 and 1996. Since then property has become road accessible year round following the construction of all weather roads by logging companies. The nearby Canadian National Railway can be accessed by a road leading from the property, 27 kilometers to the south.

In December 2006 and May 2007, the joint venture partners drilled the historical Gazooma copper showing, which significantly expanded the known mineralization returning values up to 4.47% copper, 86.59g/t silver, and 0.629g/t gold over 6.7 metres in hole GAZ-07-05 (June 6 2007, News Release).

The current program resulted in five copper-zinc discoveries in the central area of the property. The historical Billiton copper-zinc deposit, located 4 km to the north-east of Gazooma was re-drilled to confirm earlier results. These new discoveries, along with expansion of known zones, highlights the potential for multiple copper-zinc deposits on the property. The widespread distribution of mineralization supports the concept that this large property could become a VMS camp comparable to the historical VMS camps such as Thomson, Bousquet and Mattabi.

The long-term strategy is to define and develop a series of near surface base metal deposits on the property and subsequently extend these to depth. The joint venture partners each contribute 50% to ongoing exploration expenditure.

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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