Further Positive Results From Clontibret

21 June 201

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

            Further Positive Results from Clontibret Infill Drilling

  * 8.4 metres of 2.00 grammes per tonne (g/t) gold, including 2.4 metres of
    4.61 g/t
   
  * 6.8 metres of 1.20 grammes per tonne (g/t) gold, including 2.5 metres of
    2.31 g/t
   
  * Results derived from two additional drill holes in 3,500 metres infill
    drilling programme
   
Conroy (AIM: CGNR; ESM: CGNR.I) is pleased to announce that it has received
further positive results from two additional drill holes completed in its
ongoing 3,500 metres infill drilling programme at its Clontibret gold project,
in Co. Monaghan, Ireland, where the Company plans to develop a conventional
open pit gold mine.

The Company's strategy is to bring a mine into operation as soon as possible.
The infill drilling is designed to enhance the resource, evaluate possible
strike and down-dip extensions and to provide material for metallurgical test
work.

One of the two holes drilled was angled and 169 metres in length, to a vertical
depth of approximately 120 metres. The drill hole intersected 8.40 metres of
2.00 g/t gold from 94.6 metres including 2.40 metres of 4.61 g/t gold from 94.6
metres and 1.20 metres of 3.27 g/t gold from 128.30 metres including 0.75
metres of 5.21 g/t gold from 128.75 metres.

Drill Hole       From (m)   Intercept (m)  Au (g/t) 
                                                    
Intersection          94.60           8.40      2.00
                                                    
incl.                 94.60           2.40      4.61
                                                    
Intersection         128.30           1.20      3.27
                                                    
incl.                128.75           0.75      5.21

The other drill hole was also angled and 164 metres in length, to a vertical
depth of approximately 116 metres. This drill hole intersected 2.20 metres of
0.58 g/t gold from 26.8 metres and 2.05 metres of 1.08 g/t gold from 34.45
metres and 6.80 metres of 1.20 g/t from 75.5 metres including 0.95 metres at
2.46 g/t and 2.50 metres at 2.31 g/t from 85.90 metres.

Drill Hole       From (m)   Intercept (m)  Au (g/t) 
                                                    
Intersection           26.8           2.20      0.58
                                                    
Intersection          34.45           2.05      1.08
                                                    
Intersection          75.50           6.80      1.20
                                                    
incl.                 75.50           0.95      2.46
                                                    
incl.                 85.90           2.50      2.31

Arenites were the main lithology encountered in the holes with some smaller
amounts of Argillite.

The infill drilling programme follows on from the positive results (on both
technical and financial grounds) of the scoping study completed by Wardrop
Engineering Inc. The drilling programme will also provide information for mine
design purposes together with ore material for metallurgical test work.

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 very pleased with the results of these further drill holes in our infill
drilling programme which the Company has commenced following the positive
outcome of the Scoping Study carried out by Wardrop Engineering. Both these
drill holes and the first set of drill hole results, announced in April 2011,
have encountered wider widths and higher grades than those used in the Wardrop
study and are a further positive step towards implementation of our strategy to
bring a gold mine into operation as soon as possible".

Further Information:

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

Background on Scoping Study

As set out in the Company's announcement dated 7 February 2011, a conventional
open pit operation was designed by Wardrop Engineering Inc as part of the
Scoping Study. Gold mineralisation at Clontibret occurs in two styles - high
grade lode style mineralisation and disseminated gold in stockwork. The scoping
study concentrated on the high grade lode zones and some higher grade zones
within the stockwork at a minimum width of two metres with a total resource of
over 500,000 oz gold. A pit optimisation commodity baseline of US$970/oz gold
price was applied for the purposes of the study with a potential gold recovery
of 174,840 oz gold, a head grade of 2.13g/t oz gold, a process rate of 400,000
tonnes per annum, an assumed overall gold recovery of approximately 88 per
cent. and a mine life of 7.2 years - giving an average annual production rate
of over 24,000 oz of gold.

The economic evaluation was based on a pre-tax financial model, taking a base
case commodity price for gold of US$1,144/oz. This gave a 17.7 per cent.
Internal Rate of Return (IRR) and a Net Present Value (NPV), at 8 per cent
discount rate, of US$14.4M. Reflecting recent current gold prices, a rate of 20
per cent over the base case - US $1,373, gives an IRR of 58.3 per cent. and an
NPV of US$77.9M.

The area of the Scoping Study comprises only 20 per cent of the Clontibret
target. The remaining 80 per cent of the Clontibret target remains open and two
other larger targets (Clay Lake and Glenish) lie in close (7km / 4.5miles)
proximity. In total there are five large targets along a 50km gold trend.