Conway Resources Completes First $175,000 Tranche of a $550,000 Private Placement

   Conway Resources Inc. ("Conway" or the "Company") (TSX VENTURE: CWY) is pleased to announce that it has completed a first $175,000 tranche of its private placement announced on July 7, 2010 (the "Private Placement"). In consideration, the Company has issued 1,714,286 flow-through common shares for $120,000, 1,100,000 common shares for $55,000 and 2,814,286 share purchase warrants. Each warrant entitles its holder to subscribe for one additional common share of the Company at a price of $0.10 per share for a 12-month period following the closing date of the Private Placement.

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.

Contacts: Conway Resources Inc. Laurent Beaudoin President and Chief Executive Officer 418-871-3334 [e-mail] www.ressources-conway.com Francois Kalos Director 450-993-0828 [e-mail]