East West Resource Corporation: Nickel-Copper-PGE Property Near Double Eagle Discovery Optioned From Temex

TORONTO, ONTARIO--(Marketwire - Feb. 19, 2008) - East West Resources Corporation ("East West") (TSX VENTURE:EWR) announces that it has entered into a binding letter of intent (the "LOI") with Temex Resources Corp. ("Temex") (TSX VENTURE:TME)(FRANKFURT:TQ1) whereby Temex has granted East West the option to acquire a 50% interest in 25 staked mining claims (the "Claims") totaling 333 units (13,320 acres), in the general area of the Noront Resources Ltd. ("Noront") recent Nickel-Copper-Platinum-Palladium ("Ni-Cu-PGE") discovery. The Claims, which are located in the Sachigo Greenstone Belt in the James Bay Lowlands region of northern Ontario, are situated south of the high grade Noront Eagle One nickel-copper-platinum-palladium discovery.

The Claims cover features thought to represent geological environments similar to the geological environment near the Noront Ni-Cu-PGE discovery. It is believed that the recently acquired Claims have never been subjected to any previous exploration for Ni-Cu-PGE mineralization, and for the most part, the Claims have not been covered by a modern magnetic and electromagnetic geophysical survey. The initial exploration program will consist of a combination of airborne and ground geophysical surveying followed by diamond drill testing of any priority targets.

In order to earn its undivided 50% interest in the claims East West shall, upon execution and delivery of a definitive Option and Joint Venture Agreement, make a cash payment of $100,000 and issue to Temex 250,000 common shares of East West, and complete an aggregate of $1,000,000 of exploration expenditures ("the Work Commitment") over a three-year period. East West must also issue an additional 250,000 shares on the first anniversary of the agreement.

East West shall be entitled to extend for one year the time for completion of each milestone of the Work Commitment by notice to Temex if given prior to the applicable anniversary of signing. Each extension shall require East West to issue to Temex 250,000 common shares of East West.

During the earn-in period, East West may appoint Temex as its Agent to carry out the exploration programs and Temex would be entitled to charge an industry standard management fee. Upon East West earning its 50% interest in the Claims, Temex shall have 60 days from the date of exercise of the Option to elect either to form a 50:50 Joint Venture with East West for further exploration and development of the claims or to forego the Joint Venture and reduce its undivided 50% interest in the Claims to a 15% carried and non-assessable interest in the Claims to the date of commencement of commercial production from the Claims. Should Temex elect to form a joint venture, Temex shall be the operator and the Joint Venture shall be governed by a joint management committee. The terms of the transaction are subject to TSX Venture Exchange approval.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

M.J.(Moe) Lavigne, President and CEO

THE TSX VENTURE EXCHANGE DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.