Further large gold targets discovered at Slieve...

9 October 2012

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

              SLIEVE GLAH - FURTHER LARGE GOLD TARGETS DISCOVERED              

  * Two new gold targets each over 3 kilometres in length discovered at Slieve
    Glah
   
  * Highly anomalous area in one of the new gold targets measures 1,000 metres
    by 500 metres
   
  * Existing two gold targets at Slieve Glah enlarged
   
  * Gold values up to over 300ppb Au recorded in soil sampling survey
   
Conroy Gold and Natural Resources plc (AIM:CGNR, ESM:CGNR.I), the gold
exploration and development company focused on Ireland, is pleased to announce
the discovery of a series of further large gold-in-soil targets within its
Slieve Glah licence areas in County Cavan following a detailed gold-in-soil
survey.

Two new targets (Targets 3 and 4) each over 3 km in length were discovered. In
addition the assay results of the survey, which comprised over 900 soil
samples, extended the surface area of the two known gold targets (Targets 1 and
2) at Slieve Glah by over 1 km (0.6 miles), both now also totaling over 3 km
(1.9 miles) in length.

Anomalous gold values returned from the assay analysis ranged from 4 ppb (parts
per billion) Au to over 300ppb Au. In Ireland, over 10ppb Au is considered
highly anomalous in soil samples and during follow-up drilling and/or trenching
over that anomaly typically proves positive for gold-in-bedrock.

In one of the newly discovered targets (Target 4) a highly anomalous area has
been identified which measures approximately 1,000 metres in length by 500
metres in width, trending Northwest to Southeast. The area has been defined by
over a hundred soil samples collected on a 100m grid. Assay analysis returned
maximum gold values of up to 140ppb Au with over 30 per cent. of the soil
samples returning elevated gold values of greater than 10ppb Au.

Gold has previously been confirmed by the Company in bedrock in the Slieve Glah
target area through trenching and diamond core drilling.

The gold in soil targets identified by the soil sampling survey appear to be
structurally controlled and occur as a series of right angle zones adjacent to
the Orlock Bridge Fault, a major sinistral fault believed to be an influencing
factor on mineralisation in the region. In the Slieve Glah area the Orlock
Bridge Fault undergoes a marked swing from its normal Northeast - Southwest
strike, producing a dilatational zone allowing greater permeation and
circulation of mineralising fluids, which also may assist in concentration of
mineralisation and thus can be associated with substantial accumulations of
minerals.

The new Slieve Glah gold targets lie at the southern end of the 50km (30 miles)
gold trend discovered by the Company, which stretches from Co. Armagh in
Northern Ireland to Co. Cavan in the Republic of Ireland, and are located
approximately 40km (25 miles) south of the Clontibret Gold Project where on 20
per cent of that target a gold mine is planned.

This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,
in accordance with the guidance note for Mining, Oil & Gas Companies issued by
the London Stock Exchange in respect of AIM Companies, which outlines standards
of disclosure for mineral projects.

Commenting today, Chairman, Professor Richard Conroy said:

"These results at Slieve Glah are very exciting and add not only to the
prospectivity of the very large targets at Slieve Glah but also to the entire
30 mile gold trend which the Company has discovered, all of which, as outlined
to date, lies within the Company's licence area."

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

Visit the website at: www.conroygoldandnaturalresources.com