Coniagas Resources Limited

Coniagas Resources Limited

April 16, 2009 16:12 ET

Coniagas Announces Resignation of Director

TORONTO, ONTARIO--(Marketwire - April 16, 2009) - Coniagas Resources Limited (the "Company") (TSX VENTURE:CNY) announces the resignation of Thomas Atkins from the board of directors of the Company.

The Company also announces that it has granted 50,000 stock options, pursuant to the Company's stock option plan, exercisable until April 16, 2011, at an exercise price of $0.50 per share. The options vest as to one third every six months and the shares issuable upon exercise of the options are subject to a four month hold from the date of grant.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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.

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