QUEBEC CITY, April 19, 2012 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Corporation") (TSXV: CWY) announced today that Laurent Beaudoin, Conway's founder and Chairman of the Board of Directors, is returning to his position as President and Chief Executive Officer to replace Francois Kalos, who has resigned as President, Chief Executive Officer and a director of the Corporation.
The Corporation also announced the appointment of David Quessy as an independent director of Conway. Mr. Quessy is a former director and shareholder of Belleterre Mining Resources Inc.
Laurent Beaudoin, President and Chief Executive Officer of Conway, said that: "This change in management is in line with the Corporation's strategy of advancing the development of the Belleterre mining project by building a technically and financial sound management team that will enable Conway to achieve its objective of putting the Belleterre Mine into production. The appointment of Mr. Quessy is part of this strategy, as he has been involved in the project since 2006. We plan to announce additional new appointments in the coming weeks."
The appointment of David Quessy is subject to regulatory approval.
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.
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.
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