Correction : Airborne Geophysical Survey Completed

This announcement replaces the earlier announcement released at 07.00 today under the headline of Trading Statement to reflect a change in the headline. Conroy Diamonds and Gold PLC (the "Company") June 26 2006 AIRBORNE GEOPHYSICAL SURVEY COMPLETED OVER MOST OF CONROY'S LONGFORD-DOWN GOLD LICENCE AREA * 90 Per Cent. Covered By Multi-Component Survey Flown At 200m Line Spacing * Fundamental To Gaining Full Understanding Of The Area's Gold Potential * Company Anticipates Receipt Of Some Preliminary Results In 6-8 Weeks Conroy Diamonds and Gold Plc is pleased to announce the completion of a detailed multi-component airborne geophysical survey over approximately 90 per cent. of its Longford-Down gold prospecting licences in Ireland, an area of about 500 miles2 or 1200km2. This is a major step forward in the Company's gold exploration programme in the Longford-Down Massif which has already identified a gold trend extending for at least 50 miles along strike from Co. Armagh, through Co. Monaghan and into Co. Cavan. Gold mineralisation within this area is known to be structurally controlled, the relationship between the major Orlock Bridge Fault and a series of cross cutting faults being one of the main components. The airborne survey will enhance the Company's structural and geological knowledge of the entire project area and will be particularly useful in those areas covered by deep glacial till. The results will complement the Company's extensive data base of results from soil sampling, trenching and drilling programmes on its licences, together with its Landsat Enhanced Thematic Mapper (ETM) and Digital Terrain Model (DTM) data. Together, this information will provide a more comprehensive geological picture of the entire licence area, enhance the Company's understanding of it and highlight its potential to host one or more major gold deposits. The survey was flown by the Geological Survey of Finland, in conjunction with the British Geological Survey, and included magnetics, electromagnetics, calculated resistivity, radiometrics and laser altimetry, together with aerial photography. The aircraft used was a fixed-wing DHC Twin-Otter with two magnetometers, 4 frequency EM, and Gamma-ray spectrometry. The survey was flown on a 200m line spacing at an altitude of only 55m. Commenting, Chairman Professor Richard Conroy said: "The successful completion of the airborne geophysical survey is an important step forward in the Company's progress towards establishing a significant new gold province". Data from the airborne survey are now being assessed and the Company expects to receive some preliminary results in 6-8 weeks, although full analysis and interpretation will take somewhat longer. Further Information: Professor Richard Conroy, Chairman Conroy Diamonds and Gold Plc. Tel: 00-353-1-661-8958 Charles Dampney, City Capital Securities Ltd. Tel: 020-7822-7107 Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518 Visit website at: www.conroydiamondsandgold.com Conroy Share Price
UK 100

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