Gazooma copper zone intersected at depth

January 16th, 2008

                   GAZOOMA COPPER ZONE INTERSECTED AT DEPTH                    

                          MARSHALL LAKE VMS PROPERTY                           

                             Thunder Bay, Ontario                              

  * The Gazooma copper zone has been extended to depth.
   
  * 4.05% Copper, 0.39% Zinc, 68.7g/t Silver, 0.24g/t Gold over 0.53 metres
   
  * 1.73% Copper, 0.32% Zinc, 33.5g/t Silver, 0.28g/t Gold over 4.00 metres
   
  * A diamond drill rig is currently being mobilized to the property.
   
Eyeconomy Holdings PLC (PLUS: EYE) and its 50% joint venture partner, East West
Resource Corporation (TSX-V: EWR) have received assay results for holes
GAZ-07-08 and GAZ-07-10 which were previously reported (News Release, Nov. 28,
2007) to have intersected the Gazooma copper zone at depth. Both holes
intersected the copper zone, which consists of semi-massive, stringer-style
chalcopyrite-pyrrhotite mineralization.

Holes GAZ-07-11, GAZ-07-5, GAZ-07-08 and GAZ-07-10 make up a cross section of
holes that progressively trace the Gazooma copper zone to depth. The
interpreted geometry of the zone, as based on these holes, suggest that the
intercepts reported represent 70 to 80 % of true width. As previously reported,
(News Release June 6, 2007), assaying of core from hole GAZ-07-05 produced an
intercept of 4.47% Copper, 86.59g/t Silver, 0.69g/t Gold over 6.7 metres.

The likelihood that the Gazooma copper zone extends beyond the current drilling
has been confirmed by both a deep IP (induced polarization), and "Mise a la
Masse" anomaly which coincides with a new VTEM anomaly (airborne EM). This
suggests a more massive (conductive) sulphide zone occurs down plunge.

Holes GAZ-07-08 and GAZ-07-10 also intersected a second zone of stringer-style
chalcopyrite and pyrrhotite mineralization beneath the Gazooma copper zone.
This second zone of stringer mineralization is co-incident with a second
parallel IP anomaly that extends from the Teck Cominco claims. The two parallel
IP anomalies extend 600 m from Gazooma to Teck Hill where the original
discovery was made by prospectors in 1954.

In addition to intersecting stringer-style mineralization, a broad zone of
disseminated chalcopyrite and pyrrhotite was intersected near the bottom of
holes GAZ-07-08, GAZ-07-10 and GAZ-07-11.

A Diamond drilling rig is being mobilized to the property to continue to test
the down plunge extension of the Gazooma copper zone as well as other targets
on the property.

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.

Detailed geological results and a diagram will be made available on the
company's website which can be seen at www.mlmining.co.uk

Marshall Lake Project summary

Eyeconomy Holdings PLC and Canadian TSX-V listed East West Resource Corporation
each hold a 50% interest in the Marshall Lake Copper-Zinc Volcanogenic Massive
Sulphide (VMS) Property, located 310 kilometers north of Thunder Bay, Ontario,
Canada. The Marshall Lake Property is consists of 965 claim units, a 152 square
kilometer area which encompasses widespread copper and zinc occurrences.

High grade near surface copper and zinc discoveries were made in the remote
Marshall Lake area between 1954 and 1996. Since then property has become road
accessible year round following the construction of all weather roads by
logging companies. The nearby Canadian National Railway can be accessed by a
road leading from the property, 27 kilometers to the south.

In December 2006 and May 2007, the joint venture partners drilled the
historical Gazooma copper showing, which significantly expanded the known
mineralization returning values up to 4.47% copper, 86.59g/t silver, and 0.629g
/t gold over 6.7 metres in hole GAZ-07-05 (June 6 2007, News Release).

The current program resulted in five copper-zinc discoveries in the central
area of the property. The historical Billiton copper-zinc deposit, located 4 km
to the north-east of Gazooma was re-drilled to confirm earlier results. These
new discoveries, along with expansion of the known mineralized zones, highlight
the potential for multiple copper-zinc deposits on the property.

The widespread distribution of mineralization supports the concept that this
large property could become a VMS camp comparable to the historical VMS camps
such as Thomson, Bousquet and Mattabi.

The long-term strategy is to define and develop a series of near surface base
metal deposits on the property and subsequently extend these to depth. The
joint venture partners each contribute 50% to ongoing exploration expenditure.

The directors of Eyeconomy Holdings PLC accept responsibility for the contents
of this announcement.

Contact

Paul McGroary
Chairman
Eyeconomy Holdings plc
07930 568160