Conway Resources Inc.

Conway Resources Inc.

January 26, 2010 07:00 ET

Conway Resources in Negotiations to Acquire Lithium Property Near First Gold Exploration's Recent Discovery

QUEBEC CITY, QUEBEC--(Marketwire - Jan. 26, 2010) - Conway Resources Inc. (TSX VENTURE:CWY) is pleased to announce that it is currently negotiating to acquire mining claims in the direct vicinity of First Gold Exploration's recent lithium discovery in Quebec. The Company expects to make a final decision in the coming days.

First Gold Exploration Inc. (TSX VENTURE:EFG) announced on January 21, 2010, the discovery of rare metals on its Pivert/Rose property, along with up to 4.6% Li2O. Results were as follows for non chosen Grab Sample 430917: 4.6% Li2O; 390 g/t Rb; 51.4 g/t Ta; 67.7 g/t Nb; 106.5 g/t Ga and 90 g/t Be. Non chosen Grab Sample 430918 show8ed similar results: 3.17% Li2O; 1,290 g/t Rb; 44.3 g/t Ta; 72.6 g/t Nb; 92.9 g/t Ga and 65.1 g/t Be.

According to First Gold, the Pivert/Rose showing lies in a geological setting similar to that of the Cyr project belonging to Lithium One (TSX:LI), both in terms of geology and mineralization. However, the dikes on First Gold's property contain more spodumene and a large amount of lepidolite (associated with rubidium). The various dikes intersected are open in all directions.

The completion of a transaction is subject to due diligence by Conway, signature of a final agreement and approval of the regulatory authorities, including the TSX Venture Exchange.

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

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