News Release

Seagull PGE Exploration Program Advanced

• Discovery of PGE's 800 metres west of previously known zones

Thunder Bay, Ontario – February 3, 2009 – East West Resource Corporation (TSX-V: EWR) announces the completion an 8-hole, 3903 metre core drilling program at its Seagull property which is under option to Black Panther Mining Corp. (TSX-V: BPC)(Black Panther). Two of eight holes drilled in November-December 2008 discovered a new area of PGE mineralization (platinum group elements) near line 1200E and 800 metres west of the original discovery hole WM98-05Ext near line 2000E. An upper layer of sulphides at 315 to 380 metres depth, and a basal zone adjacent to basement rocks at 355 to 415 metres depth was intersected in both holes WM08-32 and WM08-33. This area coincides with a 600 metre long high magnetic susceptibility anomaly which may also coincide with a trough in the basement.

The Seagull Property is located approximately 90km north of Thunder Bay, Ontario and consists of 17 staked claims with 159 claim units with an area of 2,544 hectares. In order to acquire its initial 30%, Black Panther is required to spend $500,000 in exploration expenditures by February 28, 2009. Under the Option Agreement, Black Panther also has the right to increase its interest in the Seagull Property up to 51% by spending an additional $1m in exploration expenditures by February 28, 2011, 60% by spending an additional $1m by February 28, 2012 and 75% by taking the property to commercial production.

A detailed drilling program is recommended to better define this zone.

Four other holes, WM08-26 through WM08-29 were drilled to trace the extension of the upper PGE zone intersected in holes WM01-08, WM00-05, WM00-07 and WM01-09. Three holes located the two horizons but values were not as high as intersected in earlier holes.

For comparison, the previous assay results are presented below;

* Weighted average (see News Release June 9, 2004)

The sulphide layers are interpreted to be the result of magma pulses precipitating sulphide to form layers. The Feeder dikes in the basement have been revived as important exploration targets given new discoveries to the south of the Seagull intrusion by Magma Metals of Australia. "Snake-like" dikes or "tubes" were discovered in basement rock as a result of follow-up boulder sampling of sulphide bearing ultramafic rocks. Magnetic susceptibility modelling is being refined to trace dike-like bodies in the basement in the vicinity of the Seagull property. One large north trending "dike-like" feature has been identified in earlier modeling of the original Seagull magnetic data that still requires follow-up.

All samples outlined in this news release were prepared and analysed by ALS Chemex in Thunder Bay, Ontario and North Vancouver, British Columbia. Platinum Group Element (PGE) analysis was determined by fire assay with ICP (inductively coupled plasma) finish. Copper and Nickel was determined by ICP after an aqua regia acid digestion.

This news release has been reviewed and approved by Mr. Robert Middleton, P.Eng, Geophysicist, and is the Qualified Person supervising this project in accordance with regulations under NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS
M.J.(Moe) Lavigne, President and CEO

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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