Gold in Bedrock at Clay Lake

30 June 2009

                         Conroy Diamonds and Gold Plc                          
                          ("Conroy" or "the Company")                          

                   FOLLOW-UP SAMPLING AT CLAY LAKE CONFIRMS                    
                          PRESENCE OF GOLD IN BEDROCK                          

  * Gold Values Up To 1.31 g/t In Rock Chip Samples From Stream Bed
   
  * Broader Picture Enhanced By Recent Discovery Of Extensive Zinc-in-Soil
    Anomalies
   
Conroy (AIM:CDG) is pleased to announce that rock chip sampling has confirmed
the presence of gold values in bedrock at its new Clay Lake target in Co.
Armagh, Ireland where the Company has previously identified an extensive
gold-in-soil anomaly.

The samples were collected along a 100 metre section of a stream bed in the
north-west part of the target, and all four samples contain gold. The highest
value, 1.31 parts per million ("ppm") or 1.31 grams per tonne ("g/t") gold, was
reported from sample CLR 3, and the other three returned gold values of 0.28 g/
t (CLR 2), 0.12 g/t (CLR 4) and 0.05 g/t (CLR 1).

The samples were gathered at the same time as geological mapping of the area
was being undertaken. As part of this mapping the Company identified a large
sequence of folded arenites (sandstones) with faulting in the apex of an
anticline. Two samples were taken from the fault zone - CLR 2 (0.28 g/t) and
CLR 4 (0.12 g/t), whilst CLR 3, which gave the best gold value, was taken from
a quartz vein within the arenite.

The Clay Lake target find is located some 7km north-east of the Company's
Clontibret gold discovery in Co. Monaghan where a JORC-compliant resource of
over one million ounces of gold has thus far been identified on only 20 per
cent. of the target anomaly.

The gold-in-soil anomaly at Clay Lake, which measures approximately 2km by 1km
(141 ha), is larger than that at Clontibret (125ha) and includes the highest
gold-in-soil values ever recorded by the Company - up to 1.53g/t gold-in-soil.
In addition, the average gold-in-soil values are twice the average of those
recorded at Clontibret.

Commenting today, Chairman, Professor Richard Conroy said:

"We are very pleased that our follow-up work on part of the large Clay Lake
soil anomaly has found gold in the bedrock, confirming both a local source for
the anomaly itself and increasing the likelihood that the Clay Lake gold
nugget, found in a stream bed in the 1980s, is also locally derived. These
results enhance the significance of the Clay Lake area and increase its
standing as a discovery ranking alongside our Clontibret property.

"Looking at the broader Clay Lake-Clontibret picture shareholders will have
noted the Company's recent discovery of a series of extensive zinc-in-soil
anomalies in the vicinity of the two gold finds. Overall, this confirms and
enhances our long-held belief of the huge potential of this area."

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.

Further Info:

Professor Richard Conroy, Chairman, Conroy Diamonds and Gold Plc Tel:
[phone]

Charles Dampney, City Capital Corporation Limited Tel: [phone]

Jeffrey Coburn/Simon Clements /Virginia Bull, John East & Partners Limited Tel:
[phone]

Ron Marshman/Michael Padley, Lothbury Financial Tel: [phone]

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