Environmental Study Update

27 July 2011

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

Preliminary Environmental Studies at Clontibret Gold Project Completed

  * Detailed environmental monitoring and site assessments initiated
   
  * Ecological studies underway
   
  * Surface water monitoring locations established
   
  * Weather station installed
   
Conroy (AIM: CGNR; ESM: CGNR.I), is pleased to announce that further to the
announcement of 8 July 2010 Golder Associates ("Golder") has completed its
preliminary environmental studies at its Clontibret gold project in Co.
Monaghan, Ireland, where the Company plans to develop a gold mine.

Detailed environmental monitoring and site assessments have now been initiated
by Golder. Ecological studies have also commenced, surface water monitoring
locations have been established and a weather station has been installed.

Other aspects of the detailed environmental assessments will include hydrology,
hydrogeology, socio-economic, soil and land uses, historic environment and
cultural heritage, air quality, noise and vibration, nature conservation,
landscape and visual impact, traffic and transportation, consultation with
stakeholders, treatment processes, tailings disposal and a detailed restoration
plan.

Further announcements will be made in due course as to progress regarding the
Clontibret Project.

Commenting, Chairman, Professor Richard Conroy said:

"I am delighted at the excellent progress achieved to date. The preliminary
studies have been completed and the detailed environmental impact assessment
(EIA), a key element in the planning process, has now been initiated. This is
another step in progressing the development of the mine."

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