Issue of Equity

8 October 2014

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

                  Placing and Subscription to raise £750,000                   

  * Placing and Subscription of 75,000,000 New Ordinary Shares at 1 Pence Per
    Share to Raise £750,000
   
Conroy (AIM: CGNR), (ESM: CGNR.I) which is planning to develop a gold mine at
Clontibret in Co. Monaghan Ireland is pleased to announce that it has
conditionally raised £750,000, through an oversubscribed placing (the
"Placing") and subscription ("the Subscription") of 75,000,000 Ordinary Shares
of EUR 0.01 in the capital of the Company ("Ordinary Shares") (the "Placing"
and "Subscription" Shares) at a price of 1 pence sterling per share ("Placing
and Subscription Price").

As part of the Placing and Subscription, Mr Patrick O'Sullivan has subscribed
for 20,000,000 shares. Following admission, Patrick O'Sullivan will hold
50,714,546 Ordinary Shares in the Company, representing 11.88 per cent of the
Company's enlarged share capital and total voting rights.

The Company intends to use the proceeds of the Placing and Subscription
primarily to fund the Company's on-going programme at its Clontibret gold
target where a definitive mining plan is in the course of development which
envisages a Phase 1 starter pit and pit extension and Phase 2 to comprise
underground mining and/ or further surface pit(s). The remaining proceeds will
also be used to continue its exploration at its Clay Lake, and other gold and
base metal targets, and put towards working capital purposes.

The Placing and Subscription is conditional, inter alia, on admission of the
Placing and Subscription Shares to trading on AIM and the Enterprise Securities
Market operated by the Irish Stock Exchange Limited ("ESM"). The Placing and
Subscription Shares will rank pari passu with the existing issued Ordinary
Shares.

Application has been made to AIM and ESM for the Placing and Subscription
Shares to be admitted to trading and admission is expected to take place on 22
October 2014.

On admission of the 75,000,000 Placing and Subscription Shares, the Company
will have 426,999,972 Ordinary Shares in issue.

Professor Richard Conroy, Chairman, commented:

"I am extremely pleased to announce the oversubscribed fundraising of £750,000
which will enable the Company to progress its Clontibret Project one step
closer towards production. The resources market continues to be challenging and
we feel the overwhelming support we have received from new and current
shareholders is testament to our plans to develop what will be the first
significant gold mine in the Republic of Ireland in modern times."

For further information please contact:

Conroy Gold and Natural Resources plc            Tel: [phone]    
                                                                         
Professor Richard Conroy, Chairman                                       
                                                                         
Sanlam Securities UK Limited (Nomad)             Tel: [phone]   
                                                                         
Virginia Bull/Simon Clements                                             
                                                                         
Hybridan LLP (Broker)                            Tel: [phone]   
                                                                         
Claire Louise Noyce/William Lynne                                        
                                                                         
IBI Corporate Finance Limited (ESM Adviser)      Tel: [phone]   
                                                                         
Ger Heffernan                                                            
                                                                         
Lothbury Financial Services Limited              Tel: [phone]   
                                                                         
Michael Padley/Michael Spriggs                                           
                                                                         
Hall Communications                              Tel: [phone]    
                                                                         
Don Hall                                                                 

Visit the website at: www.conroygoldandnaturalresources.com