Result of EGM & Further Placing

13 April 2006                                 

                         CONROY DIAMONDS AND GOLD PLC                          

                                  ("Conroy")                                   

                        CONROY RAISES £594,000 THROUGH                         

                            PLACING AT 4P PER SHARE                            

Conroy Diamonds and Gold P.l.c (CDG) is pleased to announce that a resolution
authorising the directors to allot securities was passed at the EGM held today.

Due to demand, a further 2,350,000 Ordinary Shares of €0.03 each have been
placed at 4p per share. Making a total placing of 14,850,000 Ordinary Shares,
raising £594,000 (€859,000) gross.

Dealings in the new ordinary shares are expected to commence on AIM on April
18, 2006.

Further Information

Professor Richard Conroy, Chairman Conroy Diamonds and Gold Plc. Tel:
00-353-1-661-8958

Charles Dampney, City Capital Securities Ltd. Tel: [phone]

Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: [phone]

Visit website at: www.conroydiamondsandgold.com

Conroy Share Price