Positive Mineralogical Report

4 June 2013

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

                  POSITIVE MINERALOGICAL REPORT ON CLONTIBRET                  

  * Mineralogical Characteristics of Flotation Bulk Concentrate and Rougher
    Tailings Analysed
   
  * Gold grade in the Bulk Concentrate was very high - 32.8 g/t with 3 g/t
    silver
   
  * Exposure and association of the particulate gold in the Bulk Concentrate
    sample also very high (~90%)
   
  * Bulk Concentrate Amenable to the Biox® Process Proposed in the Scoping
    Study
   
Conroy Gold and Natural Resources plc ("Conroy Gold") (AIM: CGNR, ESM: CGNR.I),
the gold exploration and mine development company, is pleased to announce that
the mineralogical report on the flotation Bulk Concentrate and Rougher Tailing
samples has been received and is positive. Conroy Gold has discovered a thirty
mile gold district in Ireland running across Counties Armagh, Monaghan and
Cavan and is planning to develop its first operational gold mine at Clontibret
in Co. Monaghan.

The mineralogy of the flotation samples was investigated using QEMSCAN - an
integrated automated mineralogy and petrography solution in combination with
X-ray diffraction and geochemical analyses to identify and quantify
mineralogical characteristics.

The gold grade in the Bulk Concentrate was very high at 32.8 g/t with 3 g/t
silver. The Rougher Tailing had a much lower gold grade of 0.25 g/t and 1 g/t
of silver showing that most of the gold is being captured in the Bulk
Concentrate.

The test results indicated that most of the gold in the Bulk Concentrate is
associated with sulphides. This association suggests that these samples will be
amenable to the Biox® process proposed in the Scoping Study, as the sulphides
would be broken down during the process. Exposure and association of the
particulate gold in the Bulk Concentrate was very high (~90%) indicating that
most of this gold should be recovered during leaching.

Professor Richard Conroy, Chairman,commented:

"I am very pleased to see the continuedpositiveprogress in the metallurgical
testworkwhich is most encouraging as we move forward with the technical studies
required forthe planning and development of the Company's first operational
gold mine."

For further information please contact:

Conroy Gold and Natural Resources plc                      Tel: [phone]
                                                                               
Professor Richard Conroy, Chairman                                             
                                                                               
Sanlam Securities UK 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                                Tel:                
                                                           [phone]    
                                                                               
Michael Padley/Michael Spriggs                                                 
                                                                               
Hall Communications                                        Tel: [phone]
                                                                               
Don Hall                                                                       

Visit the website at: www.conroygoldandnaturalresources.com