War Eagle Mining Company Inc.
TSX VENTURE : WAR

War Eagle Mining Company Inc.

February 29, 2008 10:00 ET

War Eagle Mining Company Inc.: Mac Project Mineralized Area Greater than Previously Indicated

Geochemistry indicates that the Mac Tantalum-Lithium-Tin-bearing Dike Swarms extend an additional 3 kms

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2008) - War Eagle Mining Company Inc. (TSX VENTURE:WAR) (the "Company") is pleased to announce that the results of the 2007 soil sampling program on the company's Mac Project show a 20% larger mineralized (anomalous Lithium-Tantalum-Tin) area than previously thought. The Mac Property located in the in the northwest Territories, Canada is a joint venture between War Eagle Mining and Eagle Hill Exploration Corporation with Eagle Hill(C:EAG) having the right to acquire a 70% interest in the property by spending $2,800,000 in exploration expenditures leaving War Eagle with a 30% carried property interest. The results indicate that the pegmatite system that contains the mineralization extends to approximately 15 kilometers in length and 2.5 kilometers in width. Furthermore, the soil sample results indicate that the system may be open at the north and south ends suggesting a larger mineralized trend.

The results provide a solid base for planning 2008 drill targets at the southern end of the property. This will be done in conjunction with an extensive Drill Program based on the 2007 assay results anticipated within two weeks. The Drilling Program for 2008 will be focused on defining the resource and it is anticipated that Eagle Hill (as operator) may drill up to twenty (20) holes for total of approximately 18,000 feet.

The Mac Project consists of twenty (20) contiguous claims that cover a 6,197 hectare area located approximately 47 km northwest of the Cantung mine in the Northwest Territory and 54 km southeast of the Howard's Pass zinc, lead, and silver district.

The Mac Project contains several hundred pegmatite dikes with anomalous concentrations of tantalum (Ta), lithium (Li), and tin (Sn). Tantalum is used to make capacitors that are essential components of microelectronic devices such as cell phones; Lithium is used in batteries, to make high-performance batteries, and to treat bipolar disorder; Tin is used to make coatings and alloys.

The dikes, which are oriented subvertically and trend NW-SE, are exposed over an area of approximately 13.5 by 2.5 km (33.75 km2). Individual dikes range from a few centimeters to 20 meters in width, and collective swarms of up to 500 meters across have been mapped. Individual dikes have been traced continuously on surface for up to 5 kilometers and show vertical exposures of up to 300 meters. The origin of the pegmatites is unknown but may be related to the March Fault, a major N-S trending structure located on the eastern side of the property. Also associated with the March Fault are a number of gold properties in Yukon Territory, the closest of which is the Horn property, approximately 15 km south of the Mac Project.

The results of the soil sampling strongly suggest that the dikes continue below overburden for at least 1 km north and 2 km south of where they are exposed. This indicates that the area containing dikes is approximately 16.5 by 2.5 km (41.25 km2), or roughly 20% larger than previously thought. This area remains open at both the north and south ends.

The exploratory drill program consisted of eight holes totaling approximately 5,900 feet (1,798 meters). It is the first time that the property has been drilled and the results will provide information regarding the extent and geometry of the mineralized dike swarms. The assay results are anticipated to be released within the next two weeks.

The following table details the maximum results from the 2007 geochemistry survey through selected samples (maximum values are shown in bold). The results are shown in parts per million (ppm) as they are intended to demonstrate the geochemistry of the area and not intended to provide any indication of resource size. Resource indications will be determined through analysis of the results from the drilling program;



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Lithium Cesium Tin Tantalum Tungsten Copper Lead Zinc
Sample (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
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NB04 282 8.93 8 1.6 22 28 28 113
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NB02 225 7.87 6 1.6 7 15 56 141
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NR009 183 25.7 9 1.5 6 76 24 140
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NR008 134.5 24.8 5 1.5 2 42 28 131
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NB01 27 6.52 38 1.2 34 28 25 99
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NB05 77 9.08 26 1.1 14 23 31 100
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ND12 85.4 12.05 4 7.7 5 19 25 104
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NA14 109.5 10.55 8 5.4 6 61 39 125
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NB11 147 8.41 4 1.5 46 31 34 174
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NC04 17.4 5.99 3 1.2 38 18 38 81
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NE07 44.6 6.52 1 1.1 1 466 25 59
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NH10 72.4 12.3 3 1.3 4 147 178 83
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NF08 137 16.15 4 1.4 4 57 45 187
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Minimum 5.2 1.27 1 0.4 1 0 8 34
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Maximum 282 25.7 38 7.7 46 466 178 187
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Average 73.7 7.4 3.6 1.5 5.7 38.6 26.3 89.6
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Ivan Young, P Geo., is the qualified person under National Instrument 43-101 who is supervising the Mac exploration program. All analytical work was completed by ALS Chemex Laboratories Ltd. of North Vancouver, B.C., using standard assay procedures that included analysis of Lithium via method MEMS61 (four-acid "near total" digestion), while all other elements were obtained via method MEMS81 (a more robust technique using sample fusion in lithium borate).

Terence F. Schorn, P. Geo, President

War Eagle Mining Company inc.

This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities.

In addition there are risks and uncertainties associated with mining operations, therefore the Company's actual results, performance or achievements could differ materially from those expressed in or implied by these forward-looking statements. There can be no assurance that any future events will transpire, or occur, or if any of them do so, what benefits, including the amounts of proceeds, the Company will derive therefrom. 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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