Conway Resources Inc.

Conway Resources Inc.

January 27, 2010 07:00 ET

Conway Resources Announces $200,000 Private Placement

QUEBEC CITY, QUEBEC--(Marketwire - Jan. 27, 2010) - Conway Resources Inc. (TSX VENTURE:CWY) announces that it is negotiating a private placement for a maximum of $200,000 for which it will issue 2,285,714 flow-through shares at $0.07 per share and 571,429 common shares at $0.07 per share. Each share will be accompanied by a full warrant. Each warrant will entitle its holder to subscribe for one additional common share of the Company at a price of $0.12 for a 12-month period following the closing date of the private placement.

The proceeds from the private placement of flow-through shares will be used for exploration of the Company's mining properties in 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 private placement is subject to the approval of 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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