Conway Resources reports very promising geophysical survey results at its Belleterre Mine property

QUEBEC CITY, Feb. 8 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Company") (TSX-V: CWY) is pleased to report the results of the second phase of geophysical surveying on its Belleterre Mine property in October and November 2010 by Géosig of Quebec City. The goal of the second phase was to complete the surveys over the entire property. It consisted of induced polarization (IP) surveys, ground magnetometer surveys and very low frequency (VLF) surveys conducted over about 26 line-kilometres.

The surveys confirmed the presence of 64 new anomalies, 24 of them considered top priority. They strike NE-SW, and could indicate zones of sulphide concentration similar to veins 14 and 16. They will be followed up by stripping and/or drilling in a next phase of work.

Laurent Beaudoin, Conway's President and Chief Executive Officer, said that: "The results obtained from the surveys are very positive. We are in the process of preparing a program of sampling and stripping on the highest-priority targets in preparation for a coming drilling program. It is also important to note that the previous owners had never done this type of surveying on the property."

A map showing the results of the second phase of surveying can be found on Conway's website at www.ressources-conway.com.

Alain Tremblay, Ing.-Geol., a consultant for Conway and a qualified person as defined in National Instrument 43-101, has reviewed the contents of this press release. 

About Conway Resources Inc.

Conway is a mining exploration company that owns four gold properties and one rare metals property in Quebec. Its main asset is the Belleterre Mine property. The property is the site of the old Belleterre mine, which produced over 800,000 ounces of gold between 1936 and 1959. A total of 2.18 million tonnes of ore at an average grade of 10.73 g/t Au were extracted from the mine, primarily from vein 12 (95% of production). Earlier reports indicate the presence of at least 21 veins on the property.

More information can be found on Conway's website at www.ressources-conway.com.

Forward-Looking Statements

This press release contains certain forward-looking statements that might involve uncertainty, time frames, and/or known and unknown risks beyond the Company's control. The Company's actual results, performance and achievements may differ materially from the results, performance and achievements implied by such forward-looking statements.

Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE CONWAY RESOURCES INC.

For further information:

Conway Resources Inc.  
Laurent Beaudoin    
President and Chief Executive Officer    
(418) 871-3334    
conway@ressources-conway.com  
www.ressources-conway.com
Francois Kalos
Chief Financial Officer
(450) 993-0828
kalos@solak.ca

Profil de l'entreprise

CONWAY RESOURCES INC.

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