January 21, 2009
Drift Lake Resources Commences Drilling on Rossmere Gold Zones, Thunder Bay, Ontario
A 300 metre, three hole drill program of has commenced on the Rossmere gold property adjacent to Hwy 11, 90 kilometres west of Thunder Bay, Ontario. These drill holes will test three distinct Induced Polarization (IP) anomalies that extend westward from the Bandore gold deposit situated on adjoining claims to the east. These IP anomalies are in the vicinity of anomalous gold values contained in soil samples and appear to outline both shear structures and porphyry that are associated with the gold mineralization. Drilling will be completed in three weeks followed by sampling and assaying.
Drift Lake Resources has an option to earn a 50% interest in the 224 claim unit property by expending $300,000 and the right to earn a further 10% by spending a total of $800,000 from East West Resource Corporation and Marshall Lake Mining PLC who presently hold the property on a 50-50 basis.
The drill program is being supervised by Mr. Robert Middleton, P.Eng, Geophysicist, and is the Qualified Person for this project in accordance with regulations under the 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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