Conway Resources Inc.

Conway Resources Inc.

December 02, 2008 07:00 ET

Conway Releases Preliminary Results of Bulk Sampling on the Conway Paquin Property

Values of 31.15 g/t Au for the Conway vein and 19.88 g/t Au for the Paquin vein

QUEBEC CITY, QUEBEC--(Marketwire - Dec. 2, 2008) - Conway Resources Inc. (TSX VENTURE:CWY) is pleased to announce the preliminary results of a bulk sampling program on the Conway and Paquin gold-bearing veins at its Conway Paquin property near Belleterre, in northwestern Quebec.

Preliminary results from check samples returned weighted average grades of 31.15 g/t gold for the Conway vein and 19.88 g/t gold for the Paquin vein.

"These spectacular results are very encouraging," said Laurent Beaudoin, President and CEO of Conway Resources. "We had long suspected that drill results were underestimating the grades of these veins as we could see visible gold in the stripped veins on surface. This bulk sample would appear to confirm this assumption."

Channel sampling was carried out on the Conway vein over a strike length of 200 metres. A bulk sample of 525.71 kilograms was systematically collected in seven large containers, and a check sample of 3.22 kilograms was taken from each container for analysis. On the Paquin vein, a bulk sample of 436.45 kilograms was collected in six containers over a strike length of 70 metres using the same procedure. The check samples for the Paquin vein were 2.64 kilograms in size. Samples were only taken for these two veins.

The Conway Paquin property lies in the western extension of the Belleterre gold mine concession and less than 500 metres from the mine, which produced 800,000 ounces of gold (2.18 million tonnes at an average grade of 10.73 g/t Au) from 1936 to 1959. The mineralization at the Conway Paquin property is similar to that of the Belleterre mine, occurring in quartz veins with visible gold and some sulphides. The Conway and Paquin veins average 70 cm and 50 cm in width respectively, and dip steeply to the south.

The gold assays reported in this release were obtained using the metallic sieve method followed by standard 30 g fire assay. Assaying of the check samples was done by Laboratoire Expert Inc. in Rouyn-Noranda, Quebec. All the containers were sent to COREM, Quebec for grain-size distribution testing, and an 8 kg sample was sent to the Canmet laboratory in Ottawa for mineralogical analysis. Results are expected in January 2009.

The fieldwork reported in this press release was supervised by Daniel Gaudreault, P.Eng., of Geologica Consulting in Val-d'Or, Quebec. The results were compiled and interpreted by Denis Raymond, P.Eng. Messrs. Gaudreault and Raymond are Qualified Persons as defined by NI 43-101. Denis Raymond, P.Eng., has also reviewed the contents of this press release.

About Conway Resources

Conway Resources specializes in the acquisition, exploration and development of mining properties. The Company is primarily focused on gold exploration in the Belleterre area in Quebec, Canada. On October 22, 2008, Conway announced that it had signed a letter of intent to acquire a 100% interest in Ressources mine Belleterre, which owns the Belleterre gold mine (total production of 2.18 Mt at 10.73 g/t Au for over 800,000 ounces of gold from 1936 to 1959).

Forward-Looking Statements

This press release contains forward-looking statements that reflect management's expectation regarding the Company's future growth, results, performance and business opportunities. These statements reflect the Company's perspective and are based on current information available to management. Forward-looking statements are subject to risks and uncertainties. Many factors may cause actual results to differ considerably from the results anticipated by such forward-looking statements. While the forward-looking statements in this press release are based on assumptions considered reasonable by management, the Company cannot assure readers that actual results will comply with such statements. These forward-looking statements are made as of the date hereof, and the Company is under no obligation to update or revise them to take into account new events or circumstances.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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