Conway Resources Inc. TSX VENTURE: CWY

QUEBEC CITY, QUEBEC--(Marketwire - Aug. 28, 2008) - Conway Resources Inc. (TSX VENTURE:CWY) announces that it is negotiating a $200,000 private placement with an insider of the Company pursuant to which it will issue 4,000,000 common shares at $0.05 per share and 4,000,000 warrants. Each warrant will entitle its holder to subscribe for one additional common share of the Company at a price of $0.10 for an 18-month period following the closing date of the private placement.

The proceeds from the private placement will be applied to the Company's working capital.

The common shares and warrants that will be issued by Conway pursuant to the private placement are subject to a four-month hold period. The private placement is subject to approval from the TSX Venture Exchange.

About Conway Resources

Conway Resources (TSX VENTURE:CWY) specializes in the acquisition, exploration and development of mining properties. The Company is primarily focused on precious metals, and presently owns four properties in Quebec, Canada, in the vicinity of the Belleterre mine (total production of 2.18 Mt at 9.95 g/t Au for nearly 800,000 ounces of gold from 1936 to 1959) and the old Lorraine Cu-Ni mine.

The TSX Venture Exchange assumes no responsibility for the adequacy or accuracy of this press release.