Clontibret Gold Project – Metallurgical Testwork

19 September 2012

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

               Clontibret Gold Project - Metallurgical Testwork                

  * Agreement with Gold Fields Limited to undertake testwork
   
  * 350 kilogrammes of drill core samples to be tested
   
  * Environmentally friendly bio-process envisaged
   
Conroy(AIM: CGNR; ESM: CGNR.I) is pleased to announce that it has signed an
agreement with Gold Fields Ltd to undertake mineralogical characterisation and
metallurgical testwork on drill core samples provided from its Clontibret gold
project in Co. Monaghan, Ireland, where it plans to develop a gold mine.

A comprehensive series of composites were constructed from drill core to create
samples of lode and stockwork material selected from different locations within
the proposed pit shell. The samples total over 350 kilogrammes of drill core
and have been dispatched to South Africa for testing. The samples are comprised
of ore grade material with a 10 per cent dilution factor and represent a
similar grade to that expected for run of mine.

The pre-feasibility metallurgical testwork will comprise Comminution, Flotation
and BIOX® Testwork. The testwork will be managed and executed by SGS South
Africa (Pty) Ltd. under the supervision and direction of Gold Fields Ltd. BIOX®
is a well-established bacterial oxidation process and Gold Fields Ltd is a
world leader in this environmentally friendly proven technology with a number
of plants currently in operation worldwide including South Africa, Ghana,
Brazil, China and Australia.

Commenting on this agreement, Chairman, Professor Richard Conroy said:

"This is a further major step towards bringing a mine into operation in
Clontibret. I am delighted that Gold Fields Ltd using their BIOX® technology
will be running the testwork programme as they are a leader in this field of
technology"

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 CapitalStockbrokers Limited(Joint 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