War Eagle Mining Company Inc.

War Eagle Mining Company Inc.

April 22, 2008 10:30 ET

War Eagle Mining Company Inc.: 9 Hole Core Drilling Program Started on the Nacional Target Tres Marias Mine Chihuahua, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 22, 2008) - War Eagle Mining Company Inc. (TSX VENTURE:WAR) is pleased to announce the start of drilling on the Nacional target at the Tres Marias germanium-zinc mine, Mexico.

Nacional is located 200m (650 feet) to the south of the Tres Marias principal mine workings. It is seen as a separate mineralized entity. Discovered by underground core drilling, it is accessed on the lower 6-level of the Tres Marias Mine. Channel samples taken along the drift on the north side of the original Nacional stope averaged 36 g/t germanium and 16.9% zinc over 16 meters (52.5 feet) length.

Surface trenching above the Nacional zone has exposed strong red iron-staining with sulphur bearing minerals and gypsum which is coincidental with a geophysical survey that may outline the Nacional zone as being some 60 meters (197 feet) long and up to 10 meters (33 feet) wide.

The first phase of drilling will aim to intercept mineralized extensions above and below the known historic openings at the 6-level. Drilling on three sections at 20 meters (65 feet) intervals will test for mineralized continuity over an inferred strike length of at least 50 meters (165 feet). Three holes per section are proposed with hole depths of the order of 140 meters (460 feet) each, for a planned total of 1260 meters (4,130 feet).

Alistair Logan, the Tres Marias Mine Manager, notes, "The core drilling program on the Nacional Target is the first of four targets that will be drilled consecutively. At least 89 geologic targets have been identified to date within the Tres Marias concession areas that will also be evaluated. This program will run at the same time as exploration and development of the Tres Marias Mine continues. An interim report on the Mine Development Program is expected within the next 60 days, to be released after assays are received from some 20 underground and surface drill holes."

Terence F. Schorn, P. Geo, President

War Eagle Mining Company Inc.

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the company based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

CUSIP. No. 933901209

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