QUEBEC CITY, QUEBEC--(Marketwire - March 12, 2010) - Conway Resources Inc. (TSX VENTURE:CWY) is pleased to announce that it has completed a private placement for a total of $199,000 for which it has issued 2,274,286 flow-through shares at $0.07 per share and 568,571 common shares at $0.07 per share. Each share will be accompanied by a full warrant. Each warrant will entitle its holder to subscribe for one additional common share of the Company at a price of $0.12 for a 12-month period following the closing date of the private placement.

The proceeds from the private placement of flow-through shares will be used for exploration of the Company's mining properties in Quebec. The proceeds from the private placement of common shares will be used for working capital purposes and payment of a 10% finder's fee related to this placement. The shares issued pursuant to the private placement are subject to a four-month hold period.

The private placement is subject to the approval of the TSX Venture Exchange.