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      News Release

      Home /  News Release
       
      News Releases 2007

      News Release

      • Rainy Mountain Royalty
      • April 3, 2007
      April 3, 2007

      Drilling Underway At Marshall Lake Camp; Helicopter Electromagnetic Survey Locates New Zones

       
      • Spring drilling campaign has commenced at Marshall Lake Camp
      • Conductors indicating massive sulphides found by Electromagnetic Survey (EM)
      • New zones found by Induced Polarization (IP) at Teck Hill East and on the D Zone

      East West Resource Corporation (TSX-V: EWR) and its 50% joint venture partner Eyeconomy Holdings Plc. (PLUS: EYE) announce that a focused 150km helicopter Electromagnetic Survey (EM) using the Dreamcatcher (VTEM) system has located conductive sulphides extending from the Gazooma trench which will lead to further drilling to expand these zones.

      A second conductor was located on the Teck Hill trend with a third large response 600m south of the Main Zone occurring within the "Marshall Mineralized Tuff Horizon" near the historic South copper zinc showing.

      The key aspect of the EM survey is that it has a greater ability to locate deeper conductors than previous work. The VTEM technology is also able to energize previously poorly conducting sulphides which were difficult to detect. In particular non-conducting sphalerite zinc mineralization which reduces the conductivity of the sulphide zones at Marshall made it previously very difficult for early surveys to detect zinc zones.

      These new targets are in addition to those being outlined by the ongoing Induced Polarization (IP) survey, particularly in the eastern extension of Teck Hill and the D Zone area, east of Gripp Lake.

      A follow-up drill program is in progress to test as many targets as possible before spring "break-up" but it is already apparent that more drilling will be required due to the large number of high quality anomalies which have been detected. A structural geological survey is also planned to assist in placing these future holes.

      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 at www.eastwestres.com.

      About the Marshall Lake Camp:

      East West Resource Corporation and Eyeconomy Holdings PLC each hold a 50% interest in the all year round road accessible Marshall Lake Copper Zinc VMS camp located 310 kilometres north of Thunder Bay, Ontario, Canada.

      The Marshall Lake area was explored between 1954 and 1996 leading to a series of historic high grade near surface copper zinc discoveries. The partners consider that they have full control over the camp with an exploration area of more than forty-three square miles under option.

      The property became accessible after 2000 following the completion of all weather roads by logging operators. Road access now permits the deployment of heavy digging equipment, modern geophysical tools and significantly reduces exploration costs. During the second half of 2006 the joint venture partners built a network of drill access trails focusing on exposing the existing showings which resulted in a major VMS copper zinc discovery at Gazooma on the Marshall Lake Camp in December 2006.

      The partner's long-term strategy is to define and develop near surface base metal resources on the property while considering the deeper potential of the property as the database is developed. The joint venture partners each contribute 50% to ongoing exploration expenditure.
       

      ON BEHALF OF THE BOARD OF DIRECTORS
      Blake Colvin
      Blake Colvin, Director

      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.
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      Rainy Mountain Royalty Corp. is a Canadian based mineral exploration project generator.

      2489 Bellevue Avenue
      West Vancouver, BC
      V7V1E1

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