Conway Resources reports on the results of its annual meeting

QUEBEC CITY, Feb. 15 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Corporation") (TSX-V: CWY) is pleased to report on the results of its annual general and special meeting of shareholders held February 10, 2011, in Belleterre, Quebec.

At the meeting, the Corporation's shareholders voted 99.5% in favour of the resolutions in the information circular. The Corporation's Board of Directors was re-elected and now consists of Laurent Beaudoin, Francois Kalos, Sylvie Pigeon and Raynald Samson.

At the annual meeting, Mr. Laurent Beaudoin, President and CEO of Conway, stated that: "We have made significant progress in the past year. The acquisition of the Belleterre Mine enabled us to bring a key asset into Conway. Since then, we have devoted substantial effort to developing the project, including carrying out geophysical work on the entire property, upgrading the road to Shaft No.1 and calling for bids to dewater the Belleterre Mine and build a ramp to access the historical and potential gold resources, as well as filing the authorization certificate application for this work. These activities also enabled us to raise Conway's profile in the financial markets and obtain financing from a major Toronto mining fund."

Conway's objectives for the coming year are as follows:

Underground work

  • Obtain the authorization certificate;
  • Secure a strategic partnership to finance underground work;
  • Start dewatering work.

Surface work

  • Carry out sampling and stripping on the Belleterre Mine property, along with a 5,000-metre drilling program;
  • Conduct an exploration program on the LITCO-1 lithium property, near the First Gold Exploration discovery.

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 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 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

Organization Profile

CONWAY RESOURCES INC.

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