War Eagle Mining Company Inc.

War Eagle Mining Company Inc.

March 30, 2006 10:00 ET

War Eagle Mining Company Inc.: Tres Marias 80 Hole Underground Drilling Program to Start

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 30, 2006) - War Eagle Mining Company Inc. (TSX VENTURE:WAR) The Company is pleased to announce that a 80 hole underground drilling program will commence during the first week of April with equipment already at the mine site. These holes will be drilled into the mineralized walls of the existing stopes on levels 1 to 6 and are designed to prove the 500,000 tonnes of mineralization required for a pre-feasibility study (and provide data the requirements of policy 43-101.)

Underground surveying along with laser imaging will continue during the month as well as surface and down-hole geophysics.

Results of the drilling will be released as assays are obtained.

New options have been granted to Officers and Directors representing 731,667 shares set at an exercise price of $0.90 for three years.

Terence F. Schorn, P. Geo, President

War Eagle Mining Company Inc.

CUSIP. No. 933901209

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.

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