East West and Temex Option/Joint Venture Agreement Accepted for Filing by TSX Venture Exchange

TORONTO, ONTARIO, May 20 (MARKET WIRE) --
East West Resource Corporation (TSX VENTURE: EWR) ("East West" or "the
Company") announces that the TSX Venture Exchange has accepted for filing
documentation pertaining to an agreement whereby the company will earn an
interest in a property owed by Temex Resources Ltd. The property, refered
to as the GP, is contiguous with another property refered to as the GP2,
which is subject to a 50:50 joint ventures between the companies. The
properties are located 45 kilometers south and west of the Noront
discoveries at McFaulds Lake.

The companies completed an analysis and selected drill target on the
basis of an airborne electromagnetic survey "VTEM" conducted by Geotech.
The 1100 line kilometer survey covered the 573 claim units of the
combined GP and GP2 properties. Six coincidental magnetic and
electromagnetic anomalies have been prioritized for drilling. Four of
these anomalies have similar characteristics to the Noront discovery and
are therefore considered nickel-copper-PGE targets. The other two
anomalies are considered to be VMS copper-zinc-silver targets, mimicking
the overall deposit type distribution in the McFaulds Lake area.

Robert Middleton, P.Eng., is the designated qualified person responsible
for the preparation of this news release.

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

TSX Venture Exchange does not take
responsibility for the adequacy or accuracy of this release.

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

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