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Re:   News Release - Wednesday, February 17, 2010
      War Eagle Announces Tres Marias Assay Results
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Vancouver, British Columbia - February 17, 2010 - War Eagle Mining
Company Inc. (TSXV - WAR) ("War Eagle" or the "Company") is pleased to
announce the results of an assay program conducted on the Tres Marias
drill core, located in Chihuahua, Mexico, from its 2008 drilling
program. As previously disclosed, the Company suspended its exploration
program at its Tres Marias property in February 2009 due to weak
resource prices and uncertainly in the financial markets. In the fall
of 2009, the Company undertook a fieldwork program to assay the drill
core in storage and had the core assayed in January and February 2010.

The assay program focused on mineralized drill intercepts in two areas
of the Tres Marias property that had been recognized but not sampled
due to the suspension of exploration activities in February 2009.
Drilling was done in the general mine area located south and west to
the former mine workings.

The "GO-series" holes were drilled from the mine-yard on surface down
into the historic mine during the fourth quarter of 2008. The
mineralization that was intersected by the surface GO drill holes is a
new zone that is located above the fifth level to the west of the
former mine workings.

Table 1 - Drill Results for GO-32 to GO-38

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Borehole  From    To      Intercept   Germanium  Zinc    Lead    Iron
ID                        in metres   ppm        %       %       %
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GO-32     56.22   75.89   19.67       103         6.98   2.61     2.17
GO-32     62.28   75.89   13.61       111         8.06   2.50     2.88
GO-33     58.07   61.32    3.25       165        11.04   1.76     1.62
GO-33     77.05   79.67    2.62       107         9.40   0.87    20.00
GO-33     89.74   98.84    9.10       390        16.54   1.20     3.50
GO-34     76.50   92.52   16.02       391        28.77   1.89     4.36
GO-35     53.43   59.26    5.83        84         6.75   9.07     2.78
GO-36     58.90   60.20    1.30       216        15.00   0.91     8.80
GO-36     71.40   74.26    2.86       261        17.38   2.10    10.79
GO-36     76.67   81.60    4.93       154        10.98   0.82     2.90
GO-36     85.94   90.14    4.20       380        21.89   2.72     7.64
GO-37     58.85   61.54    2.69       154        11.62   1.17     7.64
GO-37     69.78   72.00    2.22       303        15.52   3.05    11.85
GO-37     75.70   86.15   10.45       140        19.31   0.65     2.32
GO-37     89.60   97.87    8.27       198        14.85   1.35     1.94
GO-38     54.42   56.15    1.73       172        18.00   9.58     2.18
GO-38     67.38   86.76   19.38       221        15.93   1.61     6.20
GO-38     89.40   90.90    1.50       209        15.00   1.61     9.32

The "TE-series" holes were drilled underground within the old workings
of the historic Tres Marias mine during the second half of 2008. The
mineralization intersected by the TE underground drill holes is
additional zones located beyond the former mine workings to the south.

Table 2 - Drill Results for TE-086 to TE-108

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Borehole  From    To      Intercept   Germanium  Zinc    Lead    Iron
ID                        in metres   ppm        %       %       %
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TE-086    16.80   20.10    3.30        41        37.67    0.15    2.50
TE-087     0.00    8.90    8.90        20        47.50    0.04    0.57
TE-090     0.00   11.70   11.70       139        11.27    1.25    1.48
TE-092     0.00    6.00    6.00        68        33.64    0.16    2.14
TE-092    37.45   40.27    2.82       427        14.59    2.56    3.94
TE-092    44.00   45.00    1.00       423        27.43    3.71    2.83
TE-093A   19.20   21.93    2.73        24        18.43    0.12    1.30
TE-096     0.00    4.60    4.60       232         6.22    1.55    2.35
TE-097     6.30    8.25    1.95       410        39.86    3.36    3.69
TE-097    22.50   41.25   18.75       246        19.24    2.73    3.76
TE-098    12.70   16.70    4.00        65         8.09    0.81   13.40
TE-098    22.65   35.00   12.35       147        12.50    1.96    3.37
TE-098    36.70   42.40    5.70       285        21.41    3.04   15.24
TE-099     5.85    9.40    3.55       201        18.03    1.87    3.73
TE-099    16.70   28.80   12.10       291        21.67    3.06   11.67
TE-099    34.90   36.60    1.70        11         5.02    0.51   12.07
TE-100     0.00    1.40    1.40        35         5.24    0.61    2.51
TE-100    11.20   26.05   14.85       147        19.64    1.79    9.71
TE-100    29.30   34.35    5.05       166        16.03    2.18   10.08
TE-100    44.90   49.40    4.50       n/a        18.03    0.07    0.40
TE-101    18.45   21.50    3.05       138         9.21    0.86    1.27
TE-101    24.30   29.10    4.80       335        19.33    2.39    3.36
TE-101    29.60   30.00    0.40       290        19.10    2.29    2.85
TE-102     3.80    6.80    3.00       424        34.50   10.92    2.89
TE-102     8.15    9.04    0.89       400        38.06    3.84    2.64
TE-105    32.09   34.82    2.73       518        37.99   12.93    3.82
TE-105    37.61   39.00    1.39         5        27.62    0.16    0.16
TE-106    11.27   13.04    1.77       196         1.00    1.57    4.50
TE-106    16.17   17.27    1.10       179         1.00    4.02    9.75
TE-107     8.10   10.50    2.40       570        41.08    1.80    3.52
TE-107    11.43   13.36    1.93        72        23.00    0.23    0.54
TE-107    18.27   19.35    1.08       452        36.70    2.85    9.58
TE-107    29.69   34.93    5.24       400        20.31    3.33    3.22
TE-108    10.67   13.23    2.56       356        32.87    1.70    4.61
TE-108    15.22   19.74    4.52       404        35.34    6.32   11.27

As is normal, the Company undertook an assay program with blanks and
check assays. The Qualified Person, as defined below, reported that the
blanks lined up perfectly and the check assays were all acceptable.

The assay results were completed by Inspectorate in Durango, Texas
using four-acid digest and AA finish; SGS Lakefield processed the check
assays.

The Company plans to update its exploration plan and section maps of
the Tres Marias mine site incorporating the additional mineralization
located by this drill program.

The program was supervised by Mr. Alistair Logan, a qualified
geologist, reporting to Mr. Terry Schorn, P. Geo, the Qualified Person
for the Company, pursuant to the National Instrument 43-101, and who
has reviewed and approved the contents of this news release.

About War Eagle

War Eagle Mining Company Inc. is an experienced mineral exploration
company publicly traded since 1987 and listed 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.

For additional information please contact:

War Eagle Mining Company Inc.
Terry Schorn, Director
604-638-8073

Website: www.wareaglemining.com
Email: info@wareaglemining.com

This news release was prepared by management of War Eagle, which takes
full responsibility for its contents. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.

Legal Notice Regarding 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 future results, performance or
achievements could differ materially from those expressed in these
forward-looking statements will transpire. 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
references to a future drill program and related plans. 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) 2010 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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