East West Resource Corporation
TSX VENTURE : EWR

East West Resource Corporation

December 16, 2008 10:13 ET

East West Resource Corporation: Seagull PGE-Copper-Nickel Drilling Program Completed

- Eight holes completed, 3895 metres drilled. - Upper PGE horizons extended - New wide sulphide intercepts discovered on outer margin - PGE potential extended 800m

THUNDER BAY, ONTARIO--(Marketwire - Dec. 16, 2008) - East West Resource Corporation (TSX VENTURE:EWR) -

A eight-hole, 3895 metres drill program has been completed on the Seagull ultramafic intrusion located 85 kilometres north of Thunder Bay, Ontario. The purpose for the drilling program was to extend the known PGE (Platinum Group Elements) horizons that occur within the layered intrusion. Previous work had traced 3 upper horizons for a 750 metre in a north-south direction and 700 metre in an east-west direction.

Three of the new holes in the 2008 program were drilled to investigate a 400 metre long magnetic anomaly, 800 metres west of previous drilling, resulting in the discovery of a 50 metre thick and a 100 metre thick zone of disseminated sulphides which are likely to be PGE enriched. These sulphide zones appear to have accumulated in a trough at the base of the intrusion. The sulphides identified in sawn drill core are pyrrhotite, chalcopyrite, and cubinite. Native copper was also found, within blebs of zoned sulphides. Polished thin sections reveal pentlandite flames within pyrrhotite. This sulphide assemblage was determined to be "enriched" in PGE metals with a 1:1 Pt:Pd ratio and high osmium content indicating a primary source of magma from the mantle of the crust.

These sulphides were originally discovered in 3 different layers within the intrusion, two high up in the dunite (olivine rich) phase and one at the base in a lherzolite-olivine pyroxenite basal phase. One of the better intercepts from the year 2000 drilling campaign was 4 metres with 0.27% copper, 0.27% nickel, and 2.92 grams per ton combined platinum and palladium, at roughly 1:1 ratio. (please see News Release July 5, 2004).

The Seagull project is a joint venture with Black Panther Mining Corp.

Splitting and assaying is expected to continue through the Christmas break with completion by year end. Assay results will released once they are received and compiled. It is expected that 900 samples will be analysed for Pt, Pd, Au, Cu, Ni as well as some multi element analyses and thin sections that are needed in order to further classify the host to the mineralization. Readers are invited to visit the company website www.eastwestres.com to see sections of this unique intrusive.

This news release has been reviewed and approved by Mr. Robert Middleton, P.Eng, Geophysicist, and is the Qualified Person for this project in accordance with regulations under the NI 43-101.

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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