Coniagas announces appointment of Chief Financial Officer



    TORONTO, Aug. 6 /CNW/ - Coniagas Resources Limited ("Coniagas" or the
"Company") (TSX-V: "CNY") is pleased to announce the appointment of Rebecca
Hudson, C.A. as the Company's Chief Financial Officer.
    Ms. Hudson is a Chartered Accountant with 9 years of experience in the
field of financial audit, corporate finance, financial reporting, corporate
governance and risk management. She has worked primarily with publicly traded
international and Canadian corporations.
    Ms. Hudson was most recently Controller of Zacoro Metals Corp.
("Zacoro"). Zacoro is a private, widely held Toronto-based mining company,
with exploration and development projects in Mexico. In addition to assuming
responsibility for financial reporting and internal controls, Ms. Hudson
managed all local Mexican financial, tax and legal matters working through
Mexican accounting and law firms. Prior to this, Ms. Hudson spent two years
with Xstrata Canada (formerly Falconbridge Limited), as Manager, Financial
Reporting and Control. She played a key role in the implementation of
Sarbanes-Oxley regulations and provided accounting guidance and management
supervision over accounting staff of foreign subsidiaries. Ms. Hudson has also
recently provided consulting services to IAMGOLD Corporation, CGX Energy Inc.
and Argenta Oil and Gas.
    Ms. Hudson holds a Bachelor of Arts with a concentration in accounting
and a Masters of Accounting with a concentration in taxation from the
University of Waterloo. She earned her C.A. designation in 2000 with Grant
Thornton LP, followed by two years with PricewaterhouseCoopers LLP in the
Dominican Republic. Ms. Hudson is fluent in both English and Spanish.

    About Coniagas

    Coniagas Resources Limited ("Coniagas") is a Canada-based resource
company whose focus is to explore and develop mineral deposits throughout
North America. The Company, created in 1906, is listed on the TSX Venture
Exchange under the symbol CNY and at present has approximately 12.5 million
shares currently outstanding (approximately 15.1 million shares fully
diluted).
    The Company's current assets include a 40% equity ownership with St.
Andrew Goldfields Limited, in a joint venture to explore certain mineral
claims in Garrison, Michaud and Guibord townships in Ontario and a 100%
interest in the former producing Nudulama (Missanabie Mine) property in the
Wawa region of Ontario.
    In April 2008, the Company signed a Letter Of Intent with a group of
optioners including Société de Développement de la Baie James to explore and
develop a group of claims encompassing the historic "CYR Lithium-bearing
Pegmatite Deposit" located approximately 380 km North of Mattagami, Quebec.
    The Company, under the new management, expects to undertake an evaluation
of all existing projects, and carry out work programs where warranted. As
well, the Company feels that this strong resource market has presented an
excellent opportunity for additional world-class projects which the Company
will evaluate as they become available.

    This press release contains forward-looking statements which reflect the
Company's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual results could differ
materially from this projected herein. Although we believe that our
expectations are based on reasonable assumptions, we can give no assurance
that our expectations will materialize.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this
    release.





For further information:

For further information: David Meyer, President & CEO, (416) 597-0969,
email: info@coniagas.com, Company website www.coniagas.com

Organization Profile

CONIAGAS RESOURCES LTD.

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