News Release

East West Commences Drilling on “Fishhook” Joint Ventre – Norton-McFaulds Lake Area

TORONTO, AUGUST 21, 2008 – East West Resource Corporation (TSXV: EWR),("East West"),("the Company") is pleased to announce that it has commenced a 12 hole, 2000 metre core drilling program on its Fishhook Joint Venture with Temex Resources Corp. ("Temex"). The company also wishes to announce that Noront Resources Ltd. ("Noront") has become a partner in this joint venture and all three parties have signed an agreement. Noront can earn a 10% interest by paying $100,000 upon execution of this agreement and by spending $500,000 in exploration in the first year. Noront can earn up to a 60% interest by making payments totalling $600,000 and spending $4.5 million over 3 years.

The Fishhook property covers the western portion of the Fishtrap Lake mafic intrusion that is a potential host to nickel-copper-PGE mineralization. In addition to the property having magmatic nickel-copper PGE targets, a VTEM survey flown earlier this year has identified potential volcanogenic copper-zinc targets.

East West is pleased to be partnering with Noront and advancing another property within its Norton-McFaulds project area.

The Agreement is subject to the approval of the TSX Venture Exchange.

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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