Additional prospecting licences granted

6 December 2011

                                                                               
                     Conroy Gold and Natural Resources plc                     
                          ("Conroy" or "the Company")                          

                 Seven Additional Prospecting Licences Granted

  * New Licences Granted in Counties Clare, Tipperary and Kilkenny
  
  * Similar Geology to Armagh/Monaghan Gold District
   
  * Known Gold Occurrences in Licence Areas
   
Conroy (AIM: CGNR; ESM: CGNR.I), is pleased to announce that it has been
granted seven Prospecting Licences in Counties Clare, Tipperary and Kilkenny.

Gold has been reported previously in the licence areas, all of which have
similar geology to the Armagh/Monaghan gold belt where the Company has made a
number of gold discoveries and is currently moving towards development of its
first gold mine in that area as part of a multi deposit strategy.

The licences granted cover an area of approximately 300 square kilometres (116
square miles).

This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,
in accordance with the guidance note for Mining, Oil & Gas Companies issued by
the London Stock Exchange in respect of AIM Companies, which outlines standards
of disclosure for mineral projects.

Commenting, Chairman, Professor Richard Conroy said:

"I am delighted that the Company has been granted these licences in lithologies
similar to those of the Armagh-Monaghan gold belt where we have been so
successful, and are now focusing on development. It is, I believe, important to
secure this similar geological terrain and to initiate preliminary exploration
on it.

"I particularly welcome working again in Co. Kilkenny where management were
previously involved in the discovery and development of zinc orebodies at
Galmoy which revived the Irish base metal industry. We look forward to doing
the same in gold."

For further informationplease contact:

Conroy Gold and Natural Resources plc                      Tel: [phone]
Professor Richard Conroy, Chairman                                             
                                                                               
Merchant Securities Limited (Nomad)                       Tel: [phone]
Simon Clements/Virginia Bull,                                                  
                                                                               
XCAP Securities PLC (Broker)                              Tel: [phone]
John Grant/ Karen Kelly/ David Lawman                                          
                                                                               
IBI Corporate Finance Limited (ESM Adviser)                 Tel [phone]
Brian Farrell                                                                  
                                                                               
Lothbury Financial Services                               Tel: [phone]
Michael Padley/Michael Spriggs                                                 
                                                                               
Hall Communications                                        Tel: [phone]
Don Hall                                                                       

Visit the website at: www.conroygoldandnaturalresources.com