Director Shareholding

Conroy Diamonds & Gold PLC
27 November 2003



                          Conroy Diamonds and Gold plc

                           Grant of Directors Options


At a board meeting held on 26 November 2003 the following options over ordinary
shares were granted to Directors at an exercise price of €0.10 per share:

Director                            Options Granted        Total Options
                                                              now held

Prof. Richard Conroy                      600,000            2,100,000
Miss Maureen Jones                        450,000            1,150,000
Mr James Jones                            275,000              825,000


These options have been granted under the provisions of the Company's share
option scheme and are exercisable up to 10 years from the date of grant.


                      This information is provided by RNS
            The company news service from the London Stock Exchange