Directors' Shareholding

21 December 2011

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

Directors' Shareholding

Conroy (AIM: CGNR; ESM: CGNR.I), was notified yesterday that in the period 16
to 20 December 2011, Professor Richard Conroy (Chairman) and Maureen Jones
(Managing Director) (together, "the Directors") purchased 975,000 and 100,000
ordinary shares respectively in the issued share capital of the Company (the
"Ordinary Shares").

The purchases, together with the resultant holding in the issued share capital
of the Company, are as follows:

                              Date     No. of   Price    Resultant   Percentage
                            acquired  Ordinary   paid   shareholding holding of
                                       Shares                          issued  
                                      acquired   (£)                   share   
                                                                      capital  
                                                                               
Professor Richard Conroy - 16/12/2011 300,000   0.0310   57,574,191    22.92   
Chairman                                                                       
                                                                               
                           16/12/2011 100,000   0.0290   57,674,191    22.96   
                                                                               
                           19/12/2011  25,000   0.0325   57,699,191    22.97   
                                                                               
                           20/12/2011 150,000   0.0324   57,849,191    23.03   
                                                                               
                           20/12/2011 150,000   0.0338   57,999,191    23.09   
                                                                               
                           20/12/2011 250,000   0.0344   58,249,191    23.19   
                                                                               
Maureen Jones - Managing   20/12/2011 100,000   0.0344    980,010       0.39   
Director                                                                       
                                                                               

For further informationplease contact:

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