Final Results

21 November 2014

                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

                 Final Results for the Year Ended 31 May 2014                  

                 Clontibret - Definitive Mining Plan Initiated                 

Conroy (AIM: CGNR; ESM: CGNRI), the Irish based resource company exploring and
developing gold and other projects in Ireland, is pleased to announce its
results for the year ended 31 May 2014. Conroy has under licence the entire 30
mile gold trend which it has discovered in the Longford-Down Massif in Ireland
and is working towards opening a gold mine at Clontibret, Co. Monaghan.
In-house studies show gold potential of 15-20 million ounces along the trend.

Highlights:

  * Clontibret gold mine - definitive mining plan initiated
   
  * Clay Lake - assay results from channel sampling confirmed wide gold zones
    at surface
   
  * Slieve Glah - series of gold zones identified by rock chip grab sampling
   
  * Base Metals - significant zinc in soil anomaly discovered adjacent to the
    Clay Lake and Clontibret gold targets
   
Financial:

  * Loss after taxation for the year ended 31 May 2014 was €380,305 (2013: €
    423,979)
   
  * Net Assets as at 31 May 2014 were €14,290,931 (2013: €13,073,929)
   
  * During the year ended 31 May 2014, £1,226,500 was raised with a further £
    750,000 (both prior to expenses) raised post year end in October
   
Chairman, Professor Richard Conroy commented:

"The Company made excellent progress overall in the financial year to 31 May
2014 and this has continued into the current year. We are steadily moving from
exploration to development at Clontibret. Additionally, we are also continuing
to explore and evaluate other targets, along the trend some of which are
potentially very large. The main focus however, is to bring Clontibret into
production."

Further Information:

Conroy Gold and Natural Resources plc                      Tel: [phone]
Professor Richard Conroy, Chairman                                             
                                                                               
Sanlam Securities UK Limited (Nomad)                       Tel: [phone] 
Virginia Bull/ Simon Clements                                                  
                                                                               
Hybridan LLP (Broker)                                      Tel: [phone] 
Claire Louise Noyce/William Lynne                                              
                                                                               
IBI Corporate Finance Limited (ESM Adviser)                Tel: [phone]  
Ger Heffernan                                                                  
                                                                               
Lothbury Financial Services Limited                        Tel: [phone]  
Michael Padley/Gary Middleton                                                  
                                                                               
Hall Communications                                        Tel: [phone]
Don Hall                                                                       

www.conroygold.com

Chairman's Statement

I have pleasure in presenting your Company's Annual Report and Financial
Statements for the 12 months ended 31 May 2014, a year of continued progress.
During the year a definitive mining plan for your Company's proposed gold mine
in Clontibret, Co. Monaghan was initiated. Phase 1 will comprise a starter pit
and pit extension, with Phase 2 to comprise underground mining and/or further
surface pits.

At your Company's Clay Lake Gold Target in Co. Armagh, wide gold zones were
confirmed by trenching. Gold zones were also identified at surface on your
Company's Slieve Glah Gold Target in Co. Cavan. During the period £1,226,500
was raised by equity and debt issues with a further placing and subscription to
raise £750,000, completed post year end in October.

Clontibret

The Phase 1 starter pit at your Company's proposed gold development at
Clontibret will concentrate on a high grade, densely drilled portion of the
resource and should result in accelerated total project capital payback within
year 2 of the operation and a positive cash flow. Current metallurgical
testwork is indicating very favourable flotation and downstream processing
characteristics which together with favourable infrastructure and logistical
support will be important in reducing the project's capital and operating
costs.

Phase 2 will comprise underground mining and/or further surface pit(s). For the
underground mining option there are favourable grades and widths at depth that
have been identified by drilling, such as 12.25 metres at 2.6 g/t gold
including 6 metres at 2.95 g/t gold. This ore could be accessed by a spiral
ramp at the base of the Phase 1 pit and mined by a high volume method such as
sublevel block caving.

The mining plan is set in the context of the remaining 80 per cent of the
Clontibret target where significant gold intersections outside the planned mine
area for Phase 1 have been previously identified, including 11 metres at 5.34g/
t gold and 21 metres at 1.82g/t gold.

In-house preliminary estimates of capital costs for Phase 1 are US$41,493,000.
This includes Working Capital of US$3,579,000 and Sustaining Capital of
US$2,391,000. The latter of which is anticipated to be paid for by cash flow
over years 2-5 of the mine when in production.

Preliminary operating cash costs are estimated at US$35.79/tonne ore with total
operating cash costs for the starter pit estimated at US$544/oz gold and
overall total operating cash costs for Phase 1 estimated at US$693/oz gold.
Total production costs for the starter pit are estimated at US$1,002/oz gold
and US$947/oz gold overall for Phase 1. These figures are expected to fall
further as future resource drilling and detailed feasibility and development
work proceeds.

Clay Lake Gold Target

Assay results from channel sampling in trenches at your Company's Clay Lake
Gold Target in Co. Armagh have confirmed wide gold zones at surface. The
results included 5 metres @ 3.02g/t gold in one trench and an overall total in
all trenches of 108 metres of gold mineralisation at an average grade of 0.58g/
t gold.

The wide gold zones now confirmed on surface by the assay results were
initially demonstrated by a follow up trenching programme to the recently
completed independent structural study on the Clay Lake Gold Target.
Correlation with drilling results has shown that the zones extend to depths of
over 100 metres.

The wide gold zones at surface also included 22 metres @ 1.01g/t gold within a
zone of 38 metres @ 0.68g/t gold, other zones included 21 metres @ 0.58g/t
gold, 27 metres @ 0.46g/t gold, 10 metres @ 0.60g/t gold, 8 metres @ 0.36g/t
gold and 4 metres @ 0.42g/t gold.

The results are a further indication of the potential of the Clay Lake Gold
Target which is greater in surface area than the Clontibret gold target and has
gold-in-soil values twice those of Clontibret, and appears to be a black
carbonaceous shale hosted deposit. Such deposits can contain very high tonnage
and overall gold content.

Slieve Glah Gold Target

A series of gold zones have been discovered at surface on the Slieve Glah gold
target.

These gold zones were identified by rock chip grab sampling. The zones occur on
the most south-eastern gold target (Target area 1) of those identified at
Slieve Glah in Co. Cavan. They are the first gold-in-bedrock results recorded
within Target area 1 and are located over 3km (2 miles) from previous
gold-in-bedrock results identified through trenching and drilling within Target
area 2 of Slieve Glah.

Your Company has previously identified, through geophysics and soil sampling,
four large gold target areas at Slieve Glah. These gold target areas appear to
be structurally controlled and occur as a series of right angle zones adjacent
to the Orlock Bridge Fault. This major structural fault is believed to be an
important influencing factor on mineralisation in the region. At Slieve Glah
the fault undergoes a pronounced strike swing. The Company believes that this
strike swing may be of significance in relation to potential mineralisation in
the area.

The grab samples included a high result of 1.7g/t gold and 0.38g/t, 0.35 g/t
and 0.28g/t gold from black carbonaceous pyrite shales.

The Slieve Glah gold targets lie at the southern end of the 50km (30 miles)
gold trend discovered by your Company. This gold trend stretches from Co.
Armagh in Northern Ireland across Counties Monaghan and Cavan in the Republic
of Ireland.

The Slieve Glah gold targets are located approximately 40km (25 miles) south of
the Clontibret Gold Project in Co. Monaghan where the Company is planning to
develop its first operational gold mine.

Base Metal and Other Gold Targets

Exploration also continued for zinc and other metals on your Company's other
exploration properties in Ireland as well as for gold in Finland. In Ireland
the Company has discovered a significant zinc-in-soil anomaly adjacent to the
Clay Lake and Clontibret gold targets in Counties Monaghan and Armagh.

The ongoing evaluation of old lead workings within your Company's licence area
in County Cavan as part of the exploration programme for base metals has also
yielded highly positive zinc results of up to 30 per cent zinc in the rock chip
sample assayed.

These results add to the overall metalliferous potential of your Company's
licence area for both gold and base metals.

Finance

The loss after taxation for the year ended 31 May 2014 was €380,305 (2013: €
423,979) and the net assets as at 31 May 2014 were €14,290,931 (2013: €
13,073,929).

During the year £1,226,500 (prior to expenses) was raised by the issue of
60,748,430 new ordinary shares for cash and I personally subscribed for
16,037,736 new ordinary shares. At 31 May 2014 I also held £273,500 nominal of
unsecured convertible loans which is convertible, at the Company's discretion,
at the higher of the prevailing market price or 2.65p. Details of the share
issues are in Note 13 to the accounts.

In addition, on 8 October 2014, the Company announced that it had raised a
further £750,000 (prior to expenses) by issuing 75,000,000 new ordinary shares
by way of a placing.

As in previous years, I have supported the working capital requirements of the
Company. The balance of the loans due to me at the period end was €191,022 (in
addition to the convertible loan of £273,500).

The loans have been made on standard commercial terms. The other directors
consider, having consulted with the Company's Nominated Adviser and the
Company's ESM Adviser, that the terms of the loans are fair and reasonable in
so far as the Company's shareholders are concerned.

Auditors

I would like to take this opportunity to thank the partners and staff of
Deloitte & Touche for their services to your Company during the course of the
year.

Directors

I would like to express my deep appreciation of the support and dedication of
all of the directors, consultants and staff, which has made possible the
continued progress and success, which your Company has achieved.

Future Outlook

Your Company made further excellent progress in the financial year to 31 May
2014 and this has continued into the current year. I look forward to the future
with confidence as we move from the exploration phase into the development
phase.

Professor Richard Conroy
Chairman
20 November 2014


INCOME STATEMENT

FOR YEAR ENDED 31 MAY 2014

                                                             2014          2013
                                                                               
                                                                €             €
                                                                               
OPERATING EXPENSES                                      (374,323)     (411,020)
                                                                               
Finance income - bank interest                                 *             12
receivable                                                                     
                                                                               
Finance costs - interest on                               (5,982)      (12,971)
shareholder loan                                                               
                                                                               
LOSS BEFORE TAXATION                                    (380,305)     (423,979)
                                                                               
Taxation                                                        -             -
                                                                               
LOSS FOR THE YEAR                                       (380,305)     (423,979)
                                                                               
Loss per ordinary share - basic and                     (€0.0012)     (€0.0015)
diluted                                                                        

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2014

                                                   2014        2013            
                                                                               
ASSETS                                                €           €            
                                                                               
Non-current Assets                                                             
                                                                               
Intangible assets                            16,033,308  14,824,846            
                                                                               
Investment in Subsidiary                              2           2            
                                                                               
Property, plant and equipment                     7,854       7,138            
                                                                               
                                             16,041,164  14,831,986            
                                                                               
Current Assets                                                                 
                                                                               
Trade and other receivables                      59,358     163,139            
                                                                               
Cash and cash equivalents                        78,372      71,864            
                                                                               
                                                137,730     235,003            
                                                                               
Total Assets                                 16,178,894  15,066,989            
                                                                               
EQUITY AND LIABILITIES                                                         
                                                                               
Capital and Reserves                                                           
                                                                               
Called up share capital                       3,520,000   8,737,547            
                                                                               
Called up deferred share                      6,135,597                        
capital                                                                        
                                                                               
Share premium                                 8,447,949   7,917,717            
                                                                               
Capital conversion reserve fund                  30,617      30,617            
                                                                               
Share based payments reserve                  1,034,760     969,735            
                                                                               
Retained losses                             (4,877,992) (4,581,687)            
                                                                               
Total Equity                                 14,290,931  13,073,929            
                                                                               
Non-current Liabilities                         324,952                        
                                                                               
Convertible loan                                                               
                                                                               
Financial Liabilities                           191,022   1,045,775            
                                                                               
Total Non-current Liabilities                   515,974   1,045,775            
                                                                               
Current Liabilities                                                            
                                                                               
Trade and other payables                      1,371,989     947,285            
                                                                               
Total Current Liabilities                     1,371,989     947,285            
                                                                               
Total Liabilities                             1,887,963   1,993,060            
                                                                               
Total Equity and Liabilities                 16,178,894  15,066,989            

CASh Flow Statement

For the Year Ended 31 May 2014

                                                               2014        2013
                                                                               
                                                                  €           €
                                                                               
Cash flows from operating activities                                           
                                                                               
Cash generated by/(used in) operations                      186,680   (103,587)
                                                                               
Tax paid                                                          -           -
                                                                               
Net cash generated by/(used in) operating                   186,680   (103,587)
activities                                                                     
                                                                               
Cash flows from investing activities                                           
                                                                               
Investment in exploration and evaluation                (1,064,003) (1,049,245)
                                                                               
Payments to acquire property, plant and                     (4,740)           -
equipment                                                                      
                                                                               
Net cash used in investing activities                   (1,068,743) (1,049,245)
                                                                               
Cash flows from financing activities                                           
                                                                               
Issue of share capital                                      812,621     495,037
                                                                               
Advances from shareholders                                  205,000     491,000
                                                                               
Amounts repaid to shareholders                            (114,600)      -     
                                                                               
Bank interest received                                            -          12
                                                                               
Interest paid on shareholder loan                          (14,450)           -
                                                                               
Net cash generated from financing                           888,571     986,049
activities                                                                     
                                                                               
Increase/(Decrease) cash and cash                             6,508   (166,783)
equivalents                                                                    
                                                                               
Cash and cash equivalents at beginning of                    71,864     238,647
year                                                                           
                                                                               
Cash and cash equivalents at end of year                     78,372      71,864

Notes to the Financial Statements

1. Publication of non-statutory accounts

The financial information set out in this preliminary announcement are
abbreviated accounts as defined in Section 19 of the Companies (Amendment) Act
1986.

The financial information for the period ended 31 May 2014 has been extracted
from the Company's financial statements to that date which have received an
unqualified auditor's report but have not yet been delivered to the Registrar
of Companies.

2. Earnings per share

The calculation of the loss per ordinary share of €0.0012 (2013 - €0.0015) is
based on the loss for the financial year of €380,305 (2013 - €423,979) and the
weighted average number of ordinary shares in issue during the year of
309,922,413 (2013 - 274,234,517).

Since the Company incurred a loss the effect of share options and warrants
would be anti-dilutive.

3. Dividends

No dividends were paid or are proposed in respect of the period ended 31 May,
2014.

4. Copies of Accounts

A copy of the Annual Report and Financial Statements will be available on the
Company's website www.conroygold.com and will be available from the Company's
registered office, 10 Upper Pembroke Street, Dublin 2. It will also be
forwarded to shareholders who requested a hard copy. Notice of the Annual
General Meeting to be held on 15 December 2014 and Proxy Form was sent to
shareholders on 21 November 2014 and are also available on the website.