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      News Release

      Home /  News Release
       
      News Releases 2007

      News Release

      • Rainy Mountain Royalty
      • April 2, 2007
      April 2, 2007

      Copper Zone At Surface Thickens To 45 Metres At Gazooma, Marshall Lake Camp

       
      • 1.67 % Copper, 32 g/tonne Silver, 0.37 g/tonne Gold over a 22.50 metre section between 2 metres and 24.5 metres
      • Zone width at surface thickens by 20 metres to 45 metres
      • New deep drilling targets identified by IP and VTEM surveys

      East West Resource Corporation (TSX-V: EWR) and its 50% joint venture partner, Eyeconomy Holdings PLC (PLUS: EYE) report that a further drill hole was completed on the Gazooma copper discovery to test the remainder of an Induced Polarization (IP) anomaly that extends south of two previous drill holes, GAZ-06-01 (27.9 m of 1.18% Cu, 23.2 g/tonne Ag, and 0.18 g/tonne Au) and GAZ-06-02 (26.9 m of 2.05% Cu, 38.2 g/tonne Ag, and 0.31 g/tonne Au) that tested the north part of the IP anomaly.

      Bands of semi-massive to massive chalcopyrite occurred in a very siliceous rhyolite and zones of felsic breccia were also noted below the copper zone. Assays of 1.67 % copper, 32 g/tonne silver, 0.37 g/tonne gold were encountered over 22.50 metres.

      The thickness of the zone at surface has now been extended another 20 metres, giving a 45 metre width to the Gazooma copper zone. Holes GAZ-06-01 and GAZ-06-02 are in the same section with hole GAZ-07-04 being drilled at -50º south, from a point 5 metres south of holes GAZ-06-01 and GAZ-06-02.

      The recent IP survey over the Gazooma has suggested a deeper extension from the zone at surface to the east and to the northwest, which has now been confirmed by the VTEM airborne survey. Deeper drilling is therefore anticipated.

      When analysing for basemetal and silver values (Copper, Zinc and Silver) were determined by ICP (inductively coupled plasma) after an aqua regia acid digestion. Assays exceeding 100 grams silver and 10,000 parts per million (ppm) copper were repeated using multi acid digestion and atomic absorption (AA). Check assays were run on high values. Gold values were determined by fire assay extraction on 30-gram samples followed by an AA finish.

      ALS Chemex in Thunder Bay carried out preparations of the samples outlined in this news release and ALS Chemex in North Vancouver carried out assaying.

      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.

      About the Marshall Lake Project:

      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.

      Hole Gaz-07-4 Assay Results

      Ticket # From (m) To (m) Width (m) Copper % Silver (g/tonne) Gold (g/tonne)
      365073 2.00 3.00 1.00 0.22 4 0.02
      365074 3.00 4.00 1.00 2.15 39 0.31
      365075 4.00 5.00 1.00 1.13 21 0.16
      365076 5.00 5.80 0.80 1.88 31 0.25
      365077 5.80 7.00 1.20 3.63 68 0.16
      365078* 7.00 8.00 1.00 3.21 62 0.42
      365079 8.00 9.00 1.00 0.11 2 0.02
      365080 9.00 10.00 1.00 0.35 7 0.05
      365081 10.00 11.00 1.00 0.02 1 0.01
      365082 11.00 12.00 1.00 1.86 35 0.36
      365083 12.00 13.00 1.00 6.70 125 1.04
      365084 13.00 14.00 1.00 3.09 57 0.41
      365085 14.00 15.00 1.00 0.39 8 0.06
      365086 15.00 16.00 1.00 0.12 2 0.01
      365087 16.00 17.00 1.00 0.06 1 0.01
      365088 17.00 18.00 1.00 0.51 11 0.07
      365089 18.00 19.00 1.00 1.27 26 0.22
      365090 19.00 20.00 1.00 4.95 97 2.60
      365091 20.00 21.00 1.00 0.61 13 0.07
      365092 21.00 22.00 1.00 0.87 18 0.21
      365093 22.00 23.00 1.00 1.59 31 1.57
      365094 23.00 24.00 1.00 1.72 32 0.17
      365095 24.00 24.50 0.50 1.36 25 0.28
      Wtd. Avg. 2.00 24.50 22.50 1.67 32 0.37
      Including 3.00 14.00 11.00 2.23 41 0.29
      * = whole rock

      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.

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