CWY Conway Resources Inc.

Conway Resources Inc. ("Conway" or the "Company") (TSX VENTURE:CWY) is pleased
to announce that it is negotiating a convertible debenture private placement for
an amount of $100,000 (the "Debenture" or "Convertible Debenture"). The
Debenture will be convertible into common shares of the Company at the option of
the holder at a price of $0.10 per share for a 12-month period (the "Maturity
Date"), and bears interest at a rate of 10% annually, payable quarterly. It will
also be accompanied by 1,000,000 warrants. Each warrant will entitle the holder
to subscribe to one additional common share of the Company at a price of $0.10
for a 12-month period following issuance.


The Company will be able to reimburse the Convertible Debenture at any time
prior to the Maturity Date, subject to a minimal $50,000 reimbursement. 


The Convertible Debenture will be the object of a finder's fee for an amount
corresponding to 10% of the total Convertible Debenture. The net proceeds from
this Convertible Debenture will be used for the Company's working capital
purposes. The underlying shares to be issued pursuant to the conversion of the
Convertible Debenture and the exercise of the warrants under the Convertible
Debenture 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.

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