Drilling Confirms Continuity of Copper Mineralization at Marshall
TORONTO, ONTARIO: July 15, 2008 ; East West Resource Corporation (TSX-V: EWR) ("East West") (the "company") and its 50% joint venture partner, Eyeconomy Holdings PLC (PLUS: EYE) are pleased to announce that a 20 hole, 2950m (9735 feet) core drilling program has been completed at Marshall Lake. In addition to testing individual shallow electro-magnetic anomalies produced by a VTEM survey, the program also tested deep anomalies beneath the Gazooma Zone and intersected multiple zones of copper mineralization that extend to 200 metres depth, and continuous in drill core for up to 50 metres. A section with three holes was also drilled on the continuous IP anomaly that links the Gazooma Zone with the Teck Hill occurrence and intersected multiple zones of mineralization thereby demonstrating continuity of at least 600 metres. This discovery will now transform this grass roots project from discovery stage to resource definition drilling.
Success was also achieved on the Gazooma North in follow-up to the 2007 drilling discovery where hole GAZN07-02 intersected 31.90 metres of 0.71% copper. Three holes completed confirm both lateral and depth continuity of mineralization to 85 metres. Drill core is currently being processed and samples have been submitted for assaying. Based on current assay turn around time, the company expects to be able to report results by the end of July. 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.
ON BEHALF OF THE BOARD OF DIRECTORS
M.J.(Moe) Lavigne, President and CEO