TORONTO, March 23 /CNW/ - Coniagas Resources Limited ("Coniagas" or the "Company") (TSX-V: "CNY") announces that it has received acceptance on from the TSX Venture Exchange to extend the term of 1,500,000 warrants (the "Warrants") for an additional 6 months until November 7, 2009.

These Warrants were issued on May 8, 2007 as part of a private placement of 3,000,000 units ("the Units") at a price of $0.40 per Unit. The exercise price of $0.60 remains unchanged.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
release.