Further Gold Targets Identified

14 May 2013

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

                        FURTHER GOLD TARGETS IDENTIFIED                        

  * A series of new targets identified by independent review of airborne
    geophysics
   
  * Geophysics over targets shows similar characteristics to known gold
    occurrences
   
  * Two target areas also coincide with known regional soil geochemical
    anomalies
   
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold
exploration and mine development company which has discovered a thirty mile
gold trend in Ireland running across Counties Armagh, Monaghan and Cavan and is
planning to develop its first operational gold mine at Clontibret in Co.
Monaghan, is pleased to announce that a series of further gold targets have
been identified along the gold trend. This follows an independent review of the
airborne geophysics data in the area by BRG (Geotechnics) Limited.

The Company's detailed multicomponent airborne geophysical data includes
magnetics, electromagnetics, radiometrics and laser altimetry. The new targets
identified by the independent review have similar airborne geophysical
characteristics to the known gold occurrences at Clay Lake, Clontibret and
Glenish within the Company's licence area.

The target zones have been identified at confluence areas of various linear
features and splays revealed by the airborne geophysics. These are typical
features in areas associated with gold mineralisation. Two of the target areas
also coincide with regional soil geochemical anomalies which the Company has
already identified.

Professor Richard Conroy, Chairman commented:

"It is very pleasing to have the results of this independent geophysical review
indicating the presence of additional gold targets which in turn gives further
confirmation of the gold potential of the entire licence area."

For further information please contact:

Conroy Gold and Natural Resources plc                   Tel: [phone]   
Professor Richard Conroy, Chairman                                             
                                                                               
Sanlam Securities UK Limited (Nomad)                    Tel: [phone]  
Simon Clements/Virginia Bull                                                   
                                                                               
Hybridan LLP (Joint Broker)                             Tel: [phone]  
Claire Noyce/Deepak Reddy                                                      
                                                                               
Shore Capital Stockbrokers Limited (Joint Broker)       Tel: [phone]  
Jerry Keen/Bidhi Bhoma/Toby Gibbs                                              
                                                                               
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