Coniagas Resources Announces Option to Acquire Additional Lithium Property

TORONTO, ONTARIO, May 27 (MARKET WIRE) --
Coniagas Resources Limited (the "Company") (TSX VENTURE: CNY) is pleased
to announce that it has entered into a letter of intent with Arianne
Resources Inc. (TSX VENTURE: DAR) ("Arianne") granting the Company the
right to acquire a 100% interest in 21 mining claims and a 100% interest
in all lithium contained in an additional 4 claims through an initial
payment of $75,000 and the issuance of 100,000 common shares ("Common
Shares") of the Company and four annual payments of 100,000 Common
Shares. In addition Arianne will be granted a 1.5% net smelter return
royalty on the property with the Company being able to purchase one-third
of the royalty (0.5%) for $500,000.

The property is located in James Bay, Quebec and is comprised of a total
of 25 mining claims covering approximately 1,300 hectares. The
acquisition is incremental to the Company's land package in the James Bay
area, where the Company's Cyr property is located.

Completion of the property acquisition is subject to regulatory approval,
including the approval of the TSX Venture Exchange, and entering into of
a definitive option agreement.

This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming work
programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.

Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.

Contacts:
Coniagas Resources Limited
Maurice Colson
416-597-0969
Email: coniagas@bellnet.ca

Copyright 2009, Market Wire, All rights reserved.

-0-