News Release

Additional Platinum Group Element Results from the Seagull Ultramafic Intrusion

• Elevated Osmium reflects a primitive primary magma

East West Resource Corporation (TSX-V: EWR) and Canadian Golden Dragon Resources Ltd (TSX-V: CGG), announce additional assays obtained from three sections within two holes WM06-23, WM06-24 and WM06-25 from the Seagull Intrusion where previous platinum-palladium analysis were announced August 2, 2006. An additional four Platinum Group Elements, Iridium (Ir), Rhodium (Rh), Osmium (Os) and Ruthenium (Ru) were analysed but with a different method than previously used on other holes reported October 10, 2000, October 18, 2000 and January 9, 2001, and as a result these assays cannot be directly compared with past data done by neutron activation analysis (NAA) which has a lower detection limit than other methods.

The results in this news release were done through an ALS Chemex subcontactor by fire assay extraction from a 30 gram sample using nickel sulphides as a collector, then an ICP (Inductively Coupled Plasma) finish. The levels of detection are adequate to determine the presence of these elements and interpret the nature of the geological setting.

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.

The high Osmium (Os) values of 211ppb are an indication that the Seagull ultramafic magma (dunite phase) is a primary magma that was derived from the mantle and is unique in that it has not differentiated. Iridium (Ir) values are moderately elevated and appear to be in the same range as previously observed in October 2000. Rhodium (Rh) values are present and may contribute values to the remaining platinum group elements depending on the amount recovered. Ruthenium (Ru) values are low and again are similar to values previously report in October 2000.

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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