Additional Listing

Conroy Diamonds & Gold PLC
19 December 2002

                   Conroy Diamonds & Gold plc ('the Company')

                         Placing and Additional Listing

Application has today been made for admission of 9,000,000 ordinary shares of
EUR0.03 each in the Company to trading on the Alternative Investment Market of
the London Stock Exchange. These shares have been issued pursuant to a placing
for cash at 5p per share to raise £450,000 (€701,370) before expenses for
additional working capital.

The shares will rank pari passu with the existing ordinary shares of the
Company. Dealings are expected to commence in the new ordinary shares 7 January
2003.

Enquiries:


Conroy Diamonds & Gold plc          + 353 1 661 8958

Maureen Jones, Managing Director


Seymour Pierce Limited               + 44 20 7648 8700

Dru Edmonstone / Sarah Wharry



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