High Grade Gold Intersected

23 March 2015

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

         HIGH GRADE GOLD INTERSECTED IN INFILL DRILLING AT CLONTIBRET          

  * Grades of 25.29 g/t gold over 2.5 metres and 22.37g/t gold over 1 metre in 
    new drill intersections
   
  * Previously unknown mineralised gold zone identified
   
  * Further evidence of continuity of high grade gold mineralisation
   
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 initial results of its in-fill drilling programme in relation to the
starter pit in its definitive mining plan for the development of its Clontibret
gold and antimony project in Co Monaghan.

The Company has already classified 96 per cent. of the gold resources within
the current starter pit as being in the indicated category.

The drilling results to date provide further evidence of continuity of high
grade gold mineralisation. These include, in one hole, intersections of 2.5
metres at 25.29 g/t gold at a depth from 83 metres and 1 metre at 22.37g/t gold
from 95 metres and also include from a depth of 14 metres a 5 metre
intersection at 4.46 g/t gold.

In another drill hole a new mineralised zone has been identified which included
2 metres at 1.47 g/t gold at a down hole depth of 94 metres.

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.

Professor Richard Conroy, Chairmancommented:

"I am very pleased with these high grades of gold and continuity of
mineralisation as we move forward with our plans for the development of a gold
and antimony mine at Clontibret".

For further information please contact:

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/Niall Pearson/William Lynne                                
                                                                               
IBI Corporate Finance Limited (ESM Adviser)                Tel: [phone]    
Ger Heffernan                                                                  
                                                                               
Lothbury Financial Services                                Tel: [phone]    
Michael Padley/Gary Middleton                                                  
                                                                               
Hall Communications                                        Tel: [phone]
Don Hall                                                                       

Visit the website at: www.conroygold.com