Director/PDMR Shareholding

4 July 2008

                         Conroy Diamonds and Gold Plc                          

                                (the "Company")                                

                              Director's Dealing                               

The Company announces following notification yesterday that, Professor Conroy,
Chairman, on the same day purchased 63,000 ordinary shares in the issued share
capital of the Company (the "Ordinary Shares") at a price of 4.2 pence per
share and a further 937,000 Ordinary Shares at a price of 4.75 pence per share,
equivalent to 0.06 per cent. and 0.89 per cent. of the issued voting share
capital of the Company, respectively.

Following these transactions, Professor Conroy now directly holds 10,250,020
Ordinary Shares, equivalent to 9.70 per cent. of the issued voting share
capital of the Company. Professor Conroy has a controlling interest in Conroy
plc, which has a substantial shareholding in the Company of 19,294,286 Ordinary
Shares, equivalent to 18.26 per cent. of the issued voting share capital. This
indirect holding remains unchanged.

Further enquiries:                                                             
                                                                               
Conroy Diamond and Gold plc                                   00 353 1 661 8958
                                                                               
Professor Richard Conroy                                                       
                                                                               
John East & Partners Limited                                      020 7628 2200
                                                                               
Jeffrey Coburn / Virginia Bull                                                 
                                                                               
City Capital Limited                                              020 7822 7107
                                                                               
Charles Dampney