Results from Clontibret Infill Drilling

13 April 2011

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

                Positive Results from Clontibret Infill Drilling

  * 10.15 metres of 4.38 grammes per tonne (g/t) gold, including 2 metres of
    11.24 g/t
   
  * Results derived from first hole in 3,500 metres infill drilling programme
   
Conroy (AIM: CGNR; ESM: CGNR.I), the Irish based resource company exploring and
developing gold and other natural resource projects in Ireland, is pleased to
announce that it has received positive results from the first hole completed in
its planned 3,500 metres infill drilling programme at its Clontibret gold
project where the Company has a Joint Ore Reserves Committee ("JORC") standard
compliant gold resource of over 1 million oz.

The drill hole was an angled hole 188.10 metres in length, to a vertical depth
of approximately 133 metres. The drill hole intersected 1.25 metres of 2.29 g/t
gold from 84 metres and 10.15 metres of 4.38 g/t from 132.4 metres including 2
metres at 11.24 g/t and 1.4 metres at 7.92 g/t.

Drill Hole       From (m)   Intercept (m)  Au (g/t) 
                                                    
Intersection          84.00           1.25      2.29
                                                    
Intersection         132.40          10.15      4.38
                                                    
incl.                134.50           2.00     11.24
                                                    
incl.                141.15           1.40      7.92

Arenites and argillites (shales) were the main lithologies encountered in the
hole.

The infill drilling programme is designed to further define gold zones within
the proposed mine area potentially increasing the resource and follows on from
the positive results (on both technical and financial grounds) of the scoping
study completed by Wardrop Engineering Inc. The drilling programme will also
provide information for mine design purposes together with ore material for
metallurgical test work.

Commenting, Chairman, Professor Richard Conroy said:

"I am very pleased and impressed with the extent and grades of the
intersections in the first drill hole of our infill drilling programme which
the Company has commenced following the positive outcome of the scoping studies
carried out by Wardrop Engineering. The programme will allow us to optimise the
mine design, which shows us initially producing 24,000 ounces of gold per
annum, and to further define the resource.

Further Information:

Conroy Gold and Natural Resources plc                   Tel: [phone]   
                                                                               
Professor Richard Conroy, Chairman                                             
                                                                               
Merchant Securities Limited (Nomad)                     Tel: [phone]  
                                                                               
Simon Clements/Virginia Bull,                                                  
                                                                               
XCAP Securities PLC (Broker)                            Tel: [phone]  
                                                                               
John Grant/ Karen Kelly/ David Lawman                                          
                                                                               
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


Background on Scoping Study

As set out in the Company's announcement dated 7 February 2011, a conventional
open pit operation was designed by Wardrop Engineering Inc as part of the
Scoping Study. Gold mineralisation at Clontibret occurs in two styles - high
grade lode style mineralisation and disseminated gold in stockwork. The scoping
study concentrated on the high grade lode zones and some higher grade zones
within the stockwork at a minimum width of two metres with a total resource of
over 500,000 oz gold. A pit optimisation commodity baseline of US$970/oz gold
price was applied for the purposes of the study with a potential gold recovery
of 174,840 oz gold, a head grade of 2.13g/t oz gold, a process rate of 400,000
tonnes per annum, an assumed overall gold recovery of approximately 88 per
cent. and a mine life of 7.2 years - giving an average annual production rate
of over 24,000 oz of gold.

The economic evaluation was based on a pre-tax financial model, taking a base
case commodity price for gold of US$1,144/oz. This gave a 17.7 per cent.
Internal Rate of Return (IRR) and a Net Present Value (NPV), at 8 per cent
discount rate, of US$14.4M. Reflecting recent current gold prices, a rate of 20
per cent over the base case - US $1,373, gives an IRR of 58.3 per cent. and an
NPV of US$77.9M.

The area of the Scoping Study comprises only 20 per cent of the Clontibret
target. The remaining 80 per cent of the Clontibret target remains open and two
other larger targets (Clay Lake and Glenish) lie in close (7km / 4.5miles)
proximity. In total there are five large targets along a 50km gold trend.

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.