Conway Resources Inc.
TSX VENTURE : CWY

Conway Resources Inc.

September 14, 2009 14:45 ET

Conway Resources Completes Private Placement

QUEBEC CITY, QUEBEC--(Marketwire - Sept. 14, 2009) - Conway Resources Inc. (TSX VENTURE:CWY) is pleased to announce that it has completed a private placement for a total of $218,750 for which it has issued 3,718,750 flow-through shares and 656,250 common shares at $0.05 per share. Each share is accompanied by a full warrant. Each warrant entitles its holder to subscribe for one additional common share of the Company at a price of $0.12 for a 24-month period following the closing date of the private placement.

The proceeds from the private placement of flow-through shares is earmarked for the bulk sampling on the Conway and Paquin veins at the Conway Paquin property in Guillet Township, Belleterre, Quebec. The proceeds from the private placement of common shares will be used for working capital purposes and payment of a 10% finder's fee related to this placement.

The common shares issued by Conway pursuant to the private placement are subject to a four-month hold period.

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

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