CYY Coventry Resources

Following the successful divestment of the Cameron Gold and Rainy River
Projects, and the implementation of systems that have significantly reduced
Coventry Resources Inc.'s (TSX VENTURE:CYY)(ASX:CYY) ("Coventry" and the
"Company") ongoing overhead and administrative costs, President and CEO Steven
Chadwick and Executive Director/CFO/Company Secretary Nicholas Day have tendered
their resignations, effective immediately.


The Company wishes to express its sincere appreciation for the substantial
contributions Steve and Nick have made during the past few years. They were
integral members of the team that explored and advanced the Cameron and Rainy
River Projects towards production, and were largely responsible for the recent
sale of those assets to Chalice Gold Mines.


The Company is now working to secure new resources projects that can provide
shareholders considerable returns. There is a strong preference to acquire
either (i) low-cost early-stage exploration opportunities that afford
considerable share-price uplift without the need to raise additional funds in
the near term; or (ii) more advanced assets, in which Coventry can potentially
secure an equity interest on a staged earn-in basis, that won't require raising
additional funds in the near-term.


In line with this new strategy, the Company is pleased to announce the
appointment of two new executive directors, Michael Haynes as President and CEO
and Ian Cunningham as Executive Director/CFO/Company Secretary, whose
professional skills are strongly aligned with the project identification,
evaluation and acquisition phase the Company is now embarking upon. Bob Boaz
will remain a non-Executive Director of the Company.


Mike and Ian are intimately associated with unlisted project generation company
MQB Ventures Pty Ltd ("MQB"), which continually evaluates the technical and
financial merits of numerous resources projects that are located throughout the
world that provide potential acquisition opportunities. MQB has been directly
responsible for securing the rights to dozens of projects for ASX and TSX-V
listed mining companies during the past 10 years. As such Coventry stands to
benefit from the considerable pipeline of projects MQB evaluates. Indeed MQB is
currently negotiating to acquire several assets that may fit suitably within
Coventry. 


The Company does not, however, intend limiting its search for new assets just to
those identified by MQB. Indeed the Company would welcome the opportunity to
evaluate any project(s) that a third party may have the rights to, if they
consider there is an opportunity for that project to provide Coventry's
shareholders significant returns.


The new directors intend continuing to minimise the Company's corporate
overheads as it seeks to secure new projects.


For and on behalf of The Board of Directors of Coventry Resources Inc.

Biographies of New Directors

Michael Haynes

Mr Haynes has more than 20 years' experience in the international mineral
exploration industry. Mr Haynes graduated from the University of Western
Australia with an honours degree in geology and geophysics in 1992. He held
technical positions with both BHP Minerals Limited and Billiton plc. before
establishing his own successful consulting business. 


Mr Haynes has been a founding director of numerous ASX-listed companies where he
has been intimately involved in the identification, acquisition, financing and
development of a diverse array of resources projects, around the world.


Ian Cunningham

Mr Cunningham is a Chartered Accountant and holds a Bachelor of Commerce degree
and Bachelor of Laws degree. Mr Cunningham has more than 10 years' experience in
the resources industry in executive and senior management roles, including
recently as an Executive of Adamus Resources Limited, during which time Adamus
developed the Nzema Gold Mine in Ghana and subsequently merged with Endeavour
Mining Corporation. 


Prior to entering the resources industry, he worked in the Corporate Finance
division of Deloitte in Australia and the UK.


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.


Forward-Looking Statements

This news release may contain "forward-looking statements" and/or
"forward-looking information" within the meaning of applicable securities
regulations in Canada and the United States (collectively, forward-looking
information"). Any forward-looking information contained in this news release is
made as of the date of this news release. Except as required under applicable
securities legislation, Coventry Resources Inc. ("Coventry") does not intend,
and does not assume any obligation, to update this forward-looking information.
Forward-looking information includes, but is not limited to, statements with
respect to completion of a Feasibility Study, completion of new resource
estimates, construction or operation of a mine, mineral resource estimates,
drill plans, planned work programs, future upgrading of mineral resources and
expected outcomes. Often, but not always, forward-looking information can be
identified by the use of words such as "plans", "expects, "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes", or the negatives thereof or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "would",
"might", or "will" be taken, occur or be achieved.


Any forward-looking information contained in this news release is based on
certain assumptions that Coventry believes are reasonable, including, with
respect to any mineral resource estimates, the key assumptions and parameters on
which such estimates are based, that the current price of and demand for gold
will be sustained or will improve, that general business and economic conditions
will not change in a material adverse manner, that financing will be available
if and when needed on reasonable terms, that supplies, equipment, personnel,
permits and local community approval required to conduct Coventry's planned
exploration and development activities will be available on reasonable terms and
that Coventry will not experience any material accident, labour dispute, or
failure of equipment. 


However, forward-looking information involves known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of Coventry to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
information. Such factors include, among others, risks and uncertainties
relating to the actual results of exploration activities being different than
anticipated, cost of labour increasing more than expected, cost of equipment or
materials increasing more than expected, fluctuations in the price of gold and
other commodities, currency fluctuations, mineral resources not being as
estimated, unexpected variations in mineral resources, grade or recovery rates,
risk of accidents, labour disputes and other risks generally associated with
mineral exploration and unanticipated delays in obtaining or failing to obtain
governmental or community approvals or financing. Although Coventry has
attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking
information, there may be other factors that cause actions, events or results to
not be as anticipated, estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Readers are cautioned not to place undue reliance on forward-looking information
due to the inherent uncertainty thereof.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Coventry Resources Inc.
Mike Haynes
President and CEO
+61 8 9226 1356
mhaynes@coventryres.com


Coventry Resources Inc.
Ian Cunningham
Executive Director, CFO and Company Secretary
+61 8 9226 1356
icunningham@coventryres.com
www.coventryres.com

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