River Diamonds is a Gem

Formal earn into the Marshall Lake VMS Copper Zinc property by Eyeconomy
Holdings

Eyeconomy Holdings PLC has formally earned into the Marshall Lake VMS Copper
Zinc property as at the 31st of December 2006. The property is situated near
Thunder Bay, Ontario, Canada.

Eyeconomy and East West Resource Corporation (TSX-V EWR) each now hold a 50%
interest in Marshall Lake and aim to rapidly develop this near surface VMS
Copper Zinc open pitable property as a flagship asset going forward.

Results from the December 2006 drill campaign are currently pending. It is
expected that the next step will be a targeted geophysical survey on key areas
of the property based on the drill findings.

Once the geophysics is completed the joint venture partners expect to arrange
contracts for a spring drilling campaign. Key targets will be historically
identified near surface mineralization where additional geophysical
information indicates the potential for enhanced ore bodies.

The long term strategy is to develop an open pitable reserves and identify
additional high grade satellite pods to build up near surface tonnage. Once
the open pit potential has been quantified, the partner will then selectively
seek to expand the project to depth and along strike.

Contact

Paul Mc Groary
Chairman
Eyeconomy Holdings plc Tel: 07930 568160

About the company:

Eyeconomy Holdings PLC has a 50% interest in the Marshall Lake Copper Zinc VMS
deposit located 310 kilometres north of Thunder Bay, Ontario, Canada.

Marshall Lake was explored between 1954 and 1996 when a series of high grade
near surface copper zinc deposits were identified.

Eyeconomy and its 50% partner East West Resource Corporation identified the
property in the second half of 2005. Negotiations to option four hundred and
ten claim units were concluded in June 2006 from a local prospector. A further
eighty six leased and nine staked claim were acquired from NWT Copper Mines
Limited in October 2006. Finally three remaining claims were optioned from
Teck Cominco in December 2006. The JV partners now consider that they have
control over the Marshall Lake geological camp with an exploration area of
more than thirty square miles under option.

Two historical inferred mineral resource estimates are available from previous
work based on an area within the property called the Main zone:

K Zone (Main zone)
240,000 tons of 1.45% copper, 4.76% Zinc, 2.8 ounces silver, 152 m long to 96
m depth D. W. Sullivan (1969) based on 15 holes

103 Zone (Main zone)
The 103 zone is an eastern extension of the "K" zone and is 1,174,810 tons
delineated from 57 drill holes grading 0.82% copper, 2.71 % zinc, 1.77 ounces
silver, 0.006 oz. gold. A. S. Bayne (1970)

These historical estimates pre-date Canadian mineral standard NI 43-101 and
therefore are not to be relied upon.

The Marshall Lake property was not advanced previously due to significant
logistical issues and lack of control over the whole of the property by a
single exploration group. The property became accessible after 2000 following
the completion of all weather heavy duty roads by logging operators. Road
access now permits the deployment of heavy digging equipment, modern
geophysical tools and significantly reduces exploration costs.

During the second half of 2006 the joint venture partners built a network of
drill access trails focusing on the existing showings and particularly an area
called Gazooma. One of the core tasks of building these trails was to identify
surface mineralization and conduct trenching which could assist with an
initial drill program undertaken in December 2006.

The key exploration focus going forward is near surface mineralization with
the first drill hole in to Gazooma producing circa 1.4% copper equivalent over
28m, within 3m of the surface. Gazooma was successfully identified based on
trenching arising from the access trails work.

The joint venture partners will each contribute 50% to ongoing exploration
expenditure.

Other assets

Eyeconomy holds a GBP1.2M+ portfolio of cash and shares in exploration and
technology companies. As Marshall Lake develops Eyeconomy may seek to
reposition some of these assets towards the joint venture.

The largest individual investment is a 3.156m shareholding in Central China
Goldfields PLC (GGG) which is developing gold and copper assets in Western
China.

Eyeconomy Holdings PLC has in total 14,004,034 ordinary shares in issue with a
nominal value of 0.5p per share. There are no options, warrants or instruments
in place that would lead to the issuance of shares and the company has no debt.

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