Conway Resources announces amendment to its press release regarding the
closing of its $550,000 private placement

QUEBEC CITY, Oct. 1 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Company") (TSX-V: CWY) announces an amendment to its press release dated August 5, 2010 in relation to the first closing of a private placement of $550,000. Indeed, the total amount of this first closing is $155,625, rather than $175,000 as announced. The difference is attributable to the non-receipt of payment for the subscriptions from one of the subscribers. Furthermore, the Company completed a second closing of $7,000 for a total amount of $162,625. Conway has issued 1,572,853 flow-through shares at a price of $0.07 per share and 1,050,000 common shares at a price of $0.05 per share. Each share is accompanied by a warrant entitling the holder to purchase one additional common share of the Company at a price of $0.10 per share for a period of 12 months following the closing.

The Company will use the proceeds from the private placement of flow-through shares towards the exploration of its properties in Quebec and for the finalization of the Conway and Paquin veins bulk sampling. The net proceeds from the private placement of common shares will be used for working capital purposes.

The shares issued and the underlying shares to be issued pursuant to the exercise of the warrants under the private placement are subject to a restricted period on resale of four months and one day.

This private placement is subject to regulatory approval.

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. Factors that could cause actual results to differ from those implied by forward-looking statements include, in particular, changes in the market gold price, the value of the Canadian dollar or the grade of the ore mined and unanticipated difficulties in mining activities that could have an impact on operating revenues and costs, as well as uncertainty regarding government regulations.

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.

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For further information: Conway Resources Inc.: Laurent Beaudoin, President and Chief Executive Officer, [phone], [email protected]; www.ressources-conway.com; François Kalos, Director, [phone], [email protected]