Issue of Equity/Adtnl Listing

Conroy Diamonds & Gold PLC
19 July 2002

                          Conroy Diamonds and Gold plc

                     Issue of Equity and Additional Listing

Conroy Diamonds and Gold plc ('Conroy' or 'the Company') have today placed
1,500,000 ordinary shares with clients of Seymour Pierce Ellis Limited, the
Company's broker, at 10p per share to raise £150,000 (before expenses) of
additional working capital for the Company. The additional funds will be
utilised in Conroy's current exploration projects ongoing in Finland and
Ireland.

Application has been made for these shares to be admitted to trading on the
Alternative Investment Market and dealings are expected to commence on 25 July
2002.

Enquiries:

Maureen Jones, Conroy Diamonds and Gold     + 353 1 661 8958

Sarah Wharry, Seymour Pierce Limited          + 44 20 7648 8712


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