Conway Resources announces its preliminary program for the development of the
Belleterre Mine

QUEBEC, Oct. 19 /CNW Telbec/ - Conway Resources Inc. ("Conway" or the "Company") (TSX-V: CWY) is pleased to announce its preliminary program for the development of the Belleterre Mine located in Guillet Township, in the Temiskaming region of Quebec.

The program consists primarily of dewatering and reinforcing the existing Belleterre underground mine workings, which include four shafts with a maximum depth of 685 metres. As a second program stage, the Company will carry out underground drilling to test the results of historical work, as well as additional exploration to increase the mine resource. Conway also plans to extract bulk samples from the identified resource.

The Company recently requested bids from two engineering firms experienced in this type of work so as to establish a work program budget and schedule.

Laurent Beaudoin, President and Chief Executive Officer of Conway, stated that: "Since its acquisition last June, Conway's primary goal has always been to develop the Belleterre Mine. Our strategy is to collect all the data required and build a strong technical team so that we can achieve gold production. We are also open to the idea of forming a strategic partnership with a company interested in financing this stage of work along with the production phase. In light of the current gold price and the potential of the Belleterre Mine, we are confident that we will be able to create value for our shareholders."

Jean-Louis Robert, D.Sc. Geol., Director of Conway and a qualified person under National Instrument 43-101, has reviewed the contents of this press release. 

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 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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