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marketwire

East West Resource Corporation: Eva Kitto Platinum Property

  • Press Release
  • Source: East West Resource Corporation
  • On 8:53 am EST, Friday November 14, 2008

THUNDER BAY, ONTARIO--(MARKET WIRE)--Nov 14, 2008 -- East West Resource Corporation ("East West" or "the Company"), (CDNX:EWR.V - News) is please to announce that it is increasing its interest in the Eva Kitto property in the Beardmore area to 100% by purchasing from Mega Uranium Ltd ("Mega") its 50% interest. In return Mega will receive 200,000 shares of East West and a 0.5% net smelter royalty which can be bought out for $500,000. The Eva Kitto property contains an ultramafic intrusion with a platinum enriched layer.

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

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.

Contact:

     Contacts:
East West Resource Corporation
M.J. (Moe) Lavigne
President and CEO
(807) 623-3824
(807) 623-0877 (FAX)
Email: info@eastwestres.com
Website: http://www.eastwestres.com
 

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