Conway Resources obtains excellent results for green technologies

QUEBEC CITY, Nov. 29, 2011 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Corporation") (TSXV: CWY) is pleased to report the preliminary results for the three-tonne bulk sample taken from the Conway vein on the Conway Paquin property located near Belleterre, Quebec.

The sample was sent to the Corporation's strategic partner in August, where it was ground into a representative 20-kg sample at an initial grade of 3.36 g/t Au. Knelson and flotation concentration testing was then performed on this subsample. The preliminary results for flotation concentration were significantly better:

  • 92% gold recovery for 4.5% of the global sample;

  • A marked increase in grade from 3.36 g/t to 68.5 g/t Au in concentrate form.

Even though the preliminary results are already excellent, optimization work will soon be carried out to: 1) increase the grade of the concentrate through a concentrate washing stage; and 2) increasing gold recovery by adding a scavenger stage.

Furthermore, our strategic partner's chlorine technology yielded 95% gold recovery when used on a gross tonne of Conway's ore.

Francois Kalos, President and Chief Executive Officer of Conway, said that: "We remain fully committed to becoming a green gold producer. The larger-scale results for the three-tonne bulk sample from the Conway vein are continuing to show the economic potential of this type of project. The next step is to process samples from the Belleterre Mine in early 2012. If the results are positive, we will make every effort to ensure that a plant using this new environmentally-friendly technology is built at the Belleterre Mine."

The key advantages of the chlorination process are:

  • Less costly and more efficient that cyanidation, as reaction time is one or two hours for chlorine compared to one or two days for cyanide;

  • Closed circuit process, meaning that over 99% of main reagents are regenerated on an ongoing basis;

  • Does not require a tailings pond, as the tailings are solid and completely inert, which also allows for substantial savings;

  • Potential for transformation of tailings into commercial products for the construction industry.

About Conway Resources Inc.

Conway is a mining exploration corporation 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 Corporation's control. The Corporation's actual results, performance and achievements may differ materially from the results, performance and achievements implied by such forward-looking statements.

Neither the 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.
Francois Kalos
President and CEO
(450) 993-0828
kalos@ressources-conway.com 
www.ressources-conway.com

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