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East West Resource Corporation-Multiple Copper Intercepts at Cherry Hill

Posted on: Monday, 4 February 2008, 03:00 CST

East West Resource Corporation (TSX VENTURE: EWR) and its 50% joint venture partner, Eyeconomy Holdings PLC (PLUS: EYE) have received assay results for hole NWT-07-01 which tested the Cherry Hill Zone. Trenching this past summer returned grab samples up to 3.61% copper, 0.48% zinc, 123g/t silver, and 1.31g/t gold. Hole NWT-07-01 intersected three zones of pyrite-chalcopyrite mineralization hosted in a broad zone of silicified felsic volcanic rocks. Highlights include 0.40% copper, 0.01% zinc, 7.04g/t silver, 0.05g/t gold over 10 metres, and 1.56% copper, 0.09% zinc, 35.40g/t Silver, 0.30g/t gold over 0.8 metres. The Cherry Hill Zone consists of a cluster of copper-zinc occurrences located approximately 600 metres north east of the Gazooma Copper Zone. Trenching this past summer demonstrated that these individual occurrences are related and are hosted within a broad zone of intense alteration. The minor amount of historical drilling was insufficient to define the geometry of the Cherry Hill Zone and more drilling is planned during the on-going diamond drill program.

Assays have also been received for all remaining holes from last falls diamond drill program and are summarized below.

Holes GAZ-07-07 and GAZ-07-09 tested the Gazooma Copper Zone approximately 20 metres north of the cross section reported in News Releases on Nov. 28, 2007 and Jan. 16, 2008. Both holes intersected the Gazooma Copper Zone and the second lower stringer pyrrhotite-chalcopyrite zone. Highlights include 1.30% copper, 0.02% zinc, 14.8g/t silver, 0.19% gold over 1.72 metres, including 2.08% copper, 0.02% zinc, 20.8g/t silver, and 0.17g/t gold over 0.5 metres (GAZ-07-07) from the Gazooma Copper zone and 0.24% copper, 0.01% zinc, 1.3g/t silver, 0.04 g/t gold over 3.8 metres, including 0.98% copper, 0.02% zinc, 5.7g/t silver, 0.15g/t gold over 0.7 metres in the second lower stringer zone (GAZ-07-07).

Holes TK-07-03 and TK-07-05 tested the western part of the IP anomaly connecting the Gazooma Copper Zone and Teck Zone. Disseminated chalcopyrite was intersected in both holes; however further testing is planned to fully evaluate the potential of the 600 metre long parallel IP anomalies that connects the two zones.

Hole TK-07-04 tested a new deep IP anomaly located approximately 600 metres south of the Gazooma Copper Zone. Disseminated chalcopyrite mineralization was intersected throughout the hole returning up to 0.20% copper, 0.11% zinc, 4.5g/t silver, and 0.03 gold over 7.17 metres. More drilling in the current program is planned to further test this anomaly.

Hole TH-07-03 was designed further evaluate zinc mineralization intersected in TH-07-01 but returned no significant results.

A drill has been mobilized to the property and drilling is set to resume shortly.

 DRILL CORE ASSAYS                                                  -------------------------------------------------------------------------  Hole            From       To  Interval   Copper    Zinc  Silver     Gold               (metres) (metres)  (metres) percent percent   grams    grams                                                               per      per                                                             tonne    tonne -------------------------------------------------------------------------  NWT-07-01      20.00    48.70     28.70     0.25    0.03    7.25     0.08  Including      24.00    34.00     10.00     0.40    0.01    7.04     0.05  Including      24.00    28.00      4.00     0.66    0.01    9.75     0.08  Including       47.1     47.7      0.60     1.21    0.06   68.70     0.50  Followed By    76.50    89.00     12.50     0.31    0.03    9.24     0.13  Including      79.50    88.00      8.50     0.41    0.05   12.25     0.18  Including      82.00    85.00      3.00     0.76    0.07   23.07     0.20  Including      83.00    84.00      1.00     1.33    0.12   41.70     0.29  Followed By   119.70   122.00      3.90     0.57    0.04   12.84     0.11  Including     120.70   122.60      1.90     1.01    0.07   23.13     0.21  Including     121.20   122.00      0.80     1.56    0.09   35.40     0.30  -------------------------------------------------------------------------  GAZ-07-07      57.28       59      1.72     1.30    0.02    14.8     0.19  Including       58.5       59       0.5     2.08    0.02    20.8     0.17  Followed By    83.95    87.75       3.8     0.24    0.01     1.3     0.04  Including      87.05    87.75       0.7     0.98    0.02     5.7     0.15  -------------------------------------------------------------------------  GAZ-07-09      59.00    62.00      3.00     0.54    0.14    16.2     0.10  Including      59.00    60.70      1.70     0.81    0.21    25.0     0.14  Followed By    68.20    73.60      5.40     0.20    0.00     4.6     0.01  Including       68.2     68.7      0.50     0.82    0.01    17.5     0.03  -------------------------------------------------------------------------  TK-07-03      148.00   166.00     18.00     0.21    0.01     1.4     0.02  Including     161.00   163.00      2.00     0.38    0.01     1.8     0.02  -------------------------------------------------------------------------  TK-07-05        5.97    10.84      4.87     0.31    0.00     1.7     0.03  Including      10.34    10.84       0.5     1.08    0.01     6.3     0.18  Followed By       77     77.8       0.8     0.96    0.01     2.7     0.06  Followed By      150    173.5      23.5     0.22    0.00     0.9     0.01  Including      161.1   161.85      0.75     0.84    0.01     4.2     0.03  Including      170.5    173.5         3     0.42    0.01     1.8     0.02  -------------------------------------------------------------------------  TK-07-04       17.66    18.16       0.5     0.10    0.96     2.9     0.09  Followed By    48.83       56      7.17     0.20    0.11     4.5     0.03  Including      50.93    51.85      0.92     0.39    0.04     9.5     0.07  Followed By    95.44    95.94       0.5     0.53    0.06    18.8     0.09  -------------------------------------------------------------------------  

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.

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

Blake Colvin, Director

THE TSX VENTURE EXCHANGE DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCOPPERRACY OF THIS RELEASE.

 Contacts: EAST WEST RESOURCE CORPORATION (807) 623-3824 (807) 623-0877 (FAX) Email: info@eastwestres.com Website: www.eastwestres.com

SOURCE: East West Resource Corporation and Eyeconomy Holdings PLC

Source: MARKET WIRE

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