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:
Obtain the authorization certificate;
Secure a strategic partnership to finance underground work;
Start dewatering 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.
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
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
SOURCE CONWAY RESOURCES INC.
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