Results at Clay Lake Gold Target from Ground Ge...

19 November 2012

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

      SUCCESSFUL RESULTS AT CLAY LAKE GOLD TARGET FROM GROUND GEOPHYSICS       

  * Ground Geophysics Induced Polarisation ("IP") Resistivity Programme
   
  * Drill Targets Identified
   
  * Folded Sequence in Gold- bearing Black Carbonaceous Stockwork Zone
    Highlighted
   
Conroy Gold and Natural Resources plc (AIM:CGNR; ESM:CGNR.I), the gold
exploration and development company which has identified a thirty mile gold
trend in Ireland, and is proposing to develop its first gold mine at Clontibret
in Co. Monaghan, is pleased to announce successful results from ground
geophysics on its Clay Lake gold target in Co. Armagh located four and a half
miles (7km) along trend from its Clontibret gold target.

The Clay Lake gold target, which is larger than the Clontibret gold target and
has gold-in-soil values twice those of Clontibret, appears to be a black
carbonaceous shale hosted deposit. Such deposits can be very large. Drill
intersections of 63 meters at 0.62g/t gold and 1g/t silver and 50.75 meters at
0.61g/t gold have been intersected suggesting potential for high tonnage and
overall gold content.

The geophysical programme was conducted by Golder Associates on behalf of the
Company. The programme comprised IP and Resistivity totaling 960 line metres in
four survey lines over the Northern area of the target. The survey was
performed to determine the geophysical signature of the mineralisation and
hosting lithologies, together with geological information on the subsurface
features.

Strong features were seen in all four lines and interpretation of the results
depicted an anticlinal folding sequence of the gold bearing black carbonaceous
stockwork zone, which had been seen in the drill holes previously.

These geophysical results, combined with the drilling results, provide
excellent information for future drilling in particular regarding the apexes of
the anticlinal structures as mineralisation tends to accumulate in such
structures. The results also support the view that the Clay Lake gold target
could host a large gold deposit.

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 today, Chairman, Professor Richard Conroy said:

"These results and in particular the depiction of an anticlinal folding
sequence of the gold bearing black Carbonaceous stockwork zone are a further
indication of the gold potential and size of the Clay Lake goldtargetand
providecrucial data for follow-up drilling."

For further information please contact:

Conroy Gold and Natural Resources plc                      Tel:               
                                                           [phone]    
                                                                              
Professor Richard Conroy, Chairman                                            
                                                                              
Merchant Securities 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 Limited                        Tel:               
                                                           [phone]   
                                                                              
Michael Padley/Michael Spriggs                                                
                                                                              
Hall Communications                                        Tel:               
                                                           [phone]    
                                                                              
Don Hall                                                                      

Visit the website at: www.conroygoldandnaturalresources.com