Conway Resources files a request for authorization to dewater the Belleterre Mine

QUEBEC CITY, Feb. 10 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Company") (TSX-V: CWY) is pleased to report that it has filed a request for an authorization certificate to carry out development work at the Belleterre Mine. Mining consultants Experts conseils miniers U/G Inc. of Val-d'Or, Quebec, were retained to prepare the authorization certificate application.

The work described in the application includes dewatering of the mine by shaft no.1 to an approximate depth of 300 metres, driving of a 1,429-metre ramp from surface to connect to level 750' of the mine, rehabilitation of drifts and crosscuts accessible from the shaft, excavation of 2,000 metres of drifts, crosscuts and some 20 drill bays, diamond drilling and the extraction of a 10,000-tonne bulk sample from veins 14 and/or 16 and/or some other structure to be identified by drilling.

Construction of the surface facilities will begin as soon as the authorization certificate for the shaft no.1 development work has been issued. Dewatering will start once the mine ponds are operational. Surface work is expected to last three months, and underground work at least 12 months.

This work will allow the Company to define the reserves, confirm the expected grades and test the continuity of the mineralized zones, with a view to putting the Belleterre Mine into production.

Laurent Beaudoin, Conway's President and Chief Executive Officer, said that: "This is an important step for Conway, as we are nearing our goal of becoming a gold producer. The next steps will be to obtain bids for the work described in the authorization certificate and finance the project with strategic partners."

Claude Perreault, Ing., President of Experts conseils miniers U/G Inc. and a qualified person as defined by 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  
Francois Kalos
Chief Financial Officer
(450) 993-0828
kalos@solak.ca
www.ressources-conway.com

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CONWAY RESOURCES INC.

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