Positive Slieve Glah Structural Study

10 December 2014                                

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

                      POSITIVE SLIEVE GLAH STRUCTURAL STUDY

  * Slieve Glah area shown to be highly prospective for gold mineralisation
   
  * Structural Study at Slieve Glah identifies Gold Target Zones
   
  * Study highlights significance of the Orlock Bridge Fault on gold mineralisation
   
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold
exploration and mine development company focused on Ireland and Finland is
pleased to announce positive results from an Independent Structural Study
undertaken at its Slieve Glah target in County Cavan, Ireland.

The study was carried out by independent consultant structural geologists, Dr.
Francis Murphy and Dr. David Coller. The study showed that the gold
mineralisation at Slieve Glah is associated with a major geological structure,
the Orlock Bridge Fault. It highlighted the potential for a concentration of
gold mineralised faults and of gold target zones within the gold-in-soil
anomalies defined by the Company, which are approximately 3 km (1.8 miles) in
length.

The Slieve Glah area is located approximately 40 km (25 miles) to the south
east of the Company's proposed gold mine at Clontibret in County Monaghan. The
Orlock Bridge Fault undergoes a significant strike swing, or bend, at Slieve
Glah. This has led to the development of a dilation zone which could hold
significant mineral potential.

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, Chairman commented:

"The positive results of this Independent Structural Study add further evidence
of the gold potential in the Slieve Glah area and the entire thirty mile gold
district in Ireland that the Company has discovered."

"Slieve Glah is a very large target area and, although exploration is at an early
stage,the potential and size of the gold anomalies there is exciting."

For further information please contact:

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

Visit the website at: www.conroygold.com