Change of Adviser

28 February 2012

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

                               Change of Adviser                               

       Appointment of Shore Capital Stockbrokers Limited as Sole Broker        

Conroy Gold and Natural Resources plc (AIM: CGNR; ESM: CGNR.I), the gold
exploration and development company primarily focused on Ireland, announces
that it has appointed Shore Capital Stockbrokers Limited as its sole broker
with immediate effect.

Merchant Securities Limited remains the Company's nominated adviser.

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,                                                  
                                                                               
Shore CapitalStockbrokersLimited (Broker)                 Tel: [phone]
                                                                               
Jerry Keen/Bidhi Bhoma/Toby Gibbs                                              
                                                                               
IBI Corporate Finance Limited (ESM Adviser)                 Tel:[phone]
                                                                               
Brian Farrell                                                                  
                                                                               
Lothbury Financial Services                               Tel: [phone]
                                                                               
Michael Padley/Michael Spriggs                                                 
                                                                               
Hall Communications                                        Tel: [phone]
                                                                               
Don Hall                                                                       

Visit the website at: www.conroygoldandnaturalresources.com