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Re:   News Releases - Thursday, July 03, 2008
      Tres Marias Intercepts 10.58 Meters (68.8 ft) of 394 g/tonne
      Germanium & 22.30 % Zinc
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War Eagle Mining Company Inc. (TSX Venture Exchange - WAR) announces
the following assay results from surface drilling (GO-# series), and
underground drilling (TE-# series) at the 6 � Level of the Tres Marias
Project, Mexico.  Underground Diamond drilling is currently on
drillhole TE-87, and surface drilling is currently on GO-26 in the
southern-Nacional -extension. The current price of Germanium metal (Ge)
is US $1,600 per kilogram ($1.60/g) and Zinc (Zn) is US $1,894 per
tonne.

Drillhole     From        To   Int (m)   Int (ft)   Ge g/t   Zinc (%)
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GO-10        77.84     78.75      0.91       2.99       70       2.34
GO-11         6.00      7.85      1.85       6.07       88       5.47
GO-12         5.48      6.50      1.02       3.35      170      10.60
GO-13         0.00      3.10      3.10      10.17       64       2.48
GO-13         6.60      8.00      1.40       4.59       60       0.79
GO-13        35.28     36.32      1.04       3.41       90       4.75
GO-13        38.42     39.42      1.00       3.28      220      12.70
GO-13        45.50     48.60      3.10      10.17       56       2.92
GO-14         2.85      4.35      1.50       4.92       80       1.50
GO-16       118.16    118.57      0.41       1.35       60       0.41
GO-17       112.65    119.45      6.80      22.31      115       6.57
GO-18        68.53     79.11     10.58      34.71      394      22.30
GO-18        88.50     90.00      1.50       4.92       60       2.29
GO-18        99.17    102.65      3.48      11.42      364      18.63
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TE-50         0.00      1.00      1.00       3.28       30      26.80
TE-50         4.92     25.90     20.98      68.83       16      32.88
TE-50        29.98     32.42      2.44       8.01      <10      21.48
TE-51         0.00      5.66      5.66      18.57       45      22.73
TE-52         0.00      9.00      9.00      29.53       25      15.73
TE-52        21.07     27.12      6.05      19.85       94      27.26
TE-53         0.00      3.00      3.00       9.84       46      15.97
TE-54         0.00      4.00      4.00      13.12       35       7.85
TE-55         0.00      5.32      5.32      17.45      217      11.65
TE-70        29.60     31.70      2.10       6.89      <10      14.56
TE-71        12.55     16.40      3.85      12.63       56      18.49
TE-71        21.60     22.69      1.09       3.58       20      10.20
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Assay results are distance weighted averages.  War Eagle Mining
Company's reporting cut off is 5% Zinc or 50 ppm (g/t) Germanium.
Samples were submitted to SGS Mineral Services in Durango, Mexico, an
ISO 9001:2000 certified laboratory, for analysis by Sodium Peroxide
Fusion using an ICP Mass Spectrometer.

About War Eagle Mining:

War Eagle Mining Company Inc. is an experienced mineral exploration
company publicly traded since 1987 and on the TSX Venture Exchange
under the symbol WAR. The company is in the exploration phase of the
Tres Marias Germanium and Zinc Project in Mexico. Tres Marias is a
former producing high-grade Germanium and Zinc mine that first produced
ore in 1949.

Mr. Terry Schorn P Geo., President and CEO has reviewed the contents of
this release and is the qualified person pursuant to the National
Instrument 43-101.

"Terence F. Schorn"
   
Terence F. Schorn, P. Geo
President War Eagle Mining Company Inc

For further information contact:

Bob Faris, Vice President, Corporate Development
at 1-800-877-1626 or 604-606-7973
www.wareaglemining.com  
info@wareaglemining.com 


The TSX Venture Exchange has not reviewed and does not accept the
responsibility for the adequacy or accuracy of the contents of the
foregoing.

Forward Looking Statements

This disclosure contains certain forward-looking statements that
involve substantial known and unknown risks and  uncertainties, certain
of which are beyond the Company's control including:  the impact of
general economic conditions in the areas in which the Company operates,
industry conditions, changes in laws and regulations including the
adoption of new environmental laws and regulations and changes in how
they are interpreted and enforced, increased competition, the lack of
availability of qualified personnel or management, fluctuations in
commodity prices, foreign exchange or interest rates, stock market
volatility and obtaining required approvals of regulatory authorities.
In addition there are risks and uncertainties associated with mining
operations, therefore the Company's actual results, performance or
achievements could differ materially from those expressed in or implied
by these forward-looking statements will transpire, or occur, or if any
of them do so, what benefits, including the amounts of proceeds which
the company will derive therefrom.  All statements included in this
press release that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the
future are forward-looking statements.  These statements include future
pricing trends of Ge metal, completion and production timetables.
These statements are based on assumptions made by the company based on
its experience perception of historical trends, current conditions,
expected future developments and other factors it believes are
appropriate in the circumstances.

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Copyright (c) 2008 WAR EAGLE MINING COMPANY INC. (WAR)  All rights
reserved.  For more information visit our website at
http://www.wareaglemining.com/ or send
mailto:news@sweetwatercapital.net
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