Conway Resources Inc.
TSX VENTURE : CWY

Conway Resources Inc.

April 23, 2010 17:00 ET

Conway Resources Announces Amendment to its Press Release Regarding the Closing of its $199,000 Private Placement

QUEBEC CITY, QUEBEC--(Marketwire - April 23, 2010) - Conway Resources Inc. ("Conway" or the "Company") (TSX VENTURE:CWY) announces an amendment to its press release dated March 12, 2010 in relation to the closing of a private placement of $199,000. Indeed, the total amount of this private placement is $129,000, rather than $199,000 as announced. The difference is attributable to the non-receipt of payment for the subscriptions from one of the brokers. Conway has issued 1,474,284 flow-through shares at a price of $0.07 per share and 368,571 common shares at a price of $0.07 per share. Each share is accompanied by a warrant entitling the holder to purchase one additional common share of the Company at a price of $0.12 per share for a period of 12 months following the closing. The private placement is subject to a finder's fee corresponding to 10% of the total of the private placement.

The proceeds from the private placement of flow-through shares will be used to perform work on the Company's mining properties in Quebec. The proceeds from the private placement of common shares will be used for working capital purposes of the Company. The shares and the underlying shares which may be issued upon exercise of warrants in connection with this private placement will be subject to a restricted period on resale of four months and one day.

This private placement is subject to regulatory approval.

Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

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