Conway Resources Inc.
TSX VENTURE : CWY

Conway Resources Inc.

November 28, 2007 07:00 ET

Conway Resources Reports More Encouraging Results on its Conway Paquin Property

QUEBEC CITY, QUEBEC--(Marketwire - Nov. 28, 2007) - Conway Resources Inc. (TSX VENTURE:CWY) is pleased to report results from drilling on the Paquin vein at its Conway Paquin property, located in the vicinity of the old Belleterre mine in Temiscamingue. Twenty-three of 49 holes drilled during the program returned grades of over 1 g/t Au, with a maximum of 31.88 g/t Au over 0.48 m in Hole PA-07-45.

Laurent Beaudoin, President and Chief Executive Officer of Conway Resources, stated that "The results obtained to date are in line with the Company's high expectations given the erratic nature of the gold mineralization. Like the Conway vein located in the southwest area of the property, the Paquin vein shows good continuity both along strike and at depth. Complementary Metallic Sieve assays are still pending to confirm the total gold content in the vein. With these new results, the Conway Paquin property show strong similarities to the old Belleterre mine (production of nearly 800,000 ounces of gold), which lies immediately to the east. We are eager to continue exploring the area."

PAQUIN VEIN

The Paquin vein was stripped over a 150-m section. It is characterized by smoky bluish-white quartz containing 2-5% disseminated sulphides (pyrite, pyrrhotite, chalcopyrite, sphalerite and galena) and in narrow millimetric veinlets. The vein appears to be distributed on echelon along an E-W-striking structure dripping steeply to the south. It varies in width from 0.3 to over 1.5 metres. Channel samples collected in 2006 returned grades varying from 0.07 g/t to 34.29 g/t Au over 0.50 m.

The program consisted of 49 holes drilled along a section of the vein of more than 550 m, between lines 3+50 E and 9+00 E, to test the continuity of the vein along strike and at depth (50-75 m). These holes were for the most part spaced at 25 to 50 metres and drilled to a fairly shallow depth (less than 75m) below the vein. Twenty-three of the 49 holes drill during the program returned grades of over 1 g/t Au, with a maximum of 31.88 g/t Au over 0.48 m in Hole PA-07-45. All the samples assayed by the fire assay method that returned grades of over 1 g/t Au are now undergoing check assaying using the metallic sieve method, a technique that measures all the gold contained in the sample. This expertise is required due to the heterogeneity of the gold content of the vein.



Results for these 23 holes are shown in the following table:

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Hole Section From (m) To (m) Au g/t
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PA-07-28 5+00E 34.46 35.23 2.18 / 0.77 m
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PA-07-27 5+50E 52.91 53.87 6.60 / 0.96 m
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PA-07-22 5+75E 29.35 30.25 2.83 / 0.90 m
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PA-07-23 5+75E 35.71 36.50 1.65 / 0.79 m
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PA-07-24 5+75E 52.18 54.85 3.39 / 2.67 m
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PA-07-20 6+00E 48.25 48.60 5.35 / 0.35 m
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PA-07-21 6+00E 67.54 68.31 1.61 / 0.77 m
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PA-07-38 6+25E 34.68 37.49 4.32 / 2.81 m
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PA-07-39 6+25E 44.05 45.00 1.83 / 0.95 m
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PA-07-39 6+25E 46.09 46.35 2.57 / 0.26 m
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PA-07-39 6+25E 46.90 47.23 2.17 / 0.33 m
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PA-07-40 6+25E 64.80 65.09 3.19 / 0.29 m
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PA-07-18 6+50E 47.00 49.50 6.99 / 2.50 m
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PA-07-13 7+00E 25.18 25.80 4.96 / 0.62 m
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PA-07-14 7+00E 31.68 33.00 13.54 / 1.32 m
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PA-07-15 7+00E 44.02 45.00 2.00 / 0.98 m
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PA-07-44 7+25E 16.47 17.40 6.75 / 0.93 m
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PA-07-45 7+25E 21.52 22.40 18.96 / 0.88 m incl.
31.88 / 0.48 m
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PA-07-46 7+25E 29.63 30.85 3.07 / 1.22 m
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PA-07-11 7+50E 40.94 41.62 15.63 / 0.68 m
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PA-07-03 8+00E 64.89 66.72 1.43 / 1.83 m
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PA-07-07 8+30E 28.56 29.46 2.59 / 0.90 m
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PA-07-09 9+00E 82.48 83.18 1.01 / 0.70 m
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The core samples were assayed using fire assay with gravimetric finish by Laboratoire Expert of Rouyn-Noranda, Quebec. Most of the samples that returned gold values greater than 1 g/t Au are currently undergoing complementary analysis measuring its whole gold content by analyzing the fine and coarse fractions (metallic sieve). The usual industry quality controls were applied.

Compilation work is presently underway to prepare the next exploration program, which will include complementary stripping on the new veins, drilling and bulk sampling on the Conway, Andresen and Paquin veins to quantify the gold content of the vein more accurately and conduct a study on the expected recovery from a future operation. The Company feels that, given the heterogeneity of the gold content of the vein, this method will provide a benchmark against which results of any future work could be compared.

About the Conway Paquin Property

The Conway Paquin property lies two kilometres west of the old Belleterre mine, which produced a total of 2.18 Mt at an average of 9.95 g/t Au from 1936 to 1959. The mineralization of the Belleterre mine is associated with pinch and swell, both vertically and horizontally, of the quartz sulphide veins. Generally very extensive in the case of the Belleterre mine, these veins extend to a minimum depth of 2,000 feet below surface. Production ceased in 1959 due to low gold prices. Three main veins, namely the Conway, the Andresen and the Paquin, have been identified on the property. These veins are very similar to the shear veins at the Belleterre mine, both in terms of their geometry and their erratic, highly heterogeneous gold content.

About Conway Resources

Conway Resources (TSX VENTURE:CWY) specializes in the acquisition, exploration and development of mining properties. The Company is primarily focused on precious metals, and presently owns four properties in Quebec, Canada, in the vicinity of the Belleterre mine (total production of 2.18 Mt at 9.95 g/t Au for nearly 800,000 ounces of gold from 1936 to 1959) and the old Lorraine Cu-Ni mine. For more information, visit the Company's website at www.ressources-conway.com.

Qualified Person

Geologica Groupe-Conseil Inc. and Alain Vachon, Geological Engineer, technical advisor and qualified person (QP) for Conway Resources Inc. have reviewed the content of this press release.

The TSX Venture Exchange assumes no responsibility for the adequacy or accuracy of this press release.

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