Gold Targets Identified by Satellite Imagery

2 December 2014

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

         GOLD TARGETS IDENTIFIED BY HIGH RESOLUTION SATELLITE IMAGERY          

  * Twenty One Gold Exploration Targets Identified
   
  * Five Main Lineament Orientations Delineated in the Longford-Down Massif
   
  * Further Information Identified on Orlock Bridge Fault - the Major
    Structural Control on Mineralisation in the Area
   
Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold
exploration and development company focused on Ireland and Finland, is pleased
to announce that the results of a structural interpretation of High Resolution
Satellite Imagery ("RapidEye Imagery"), in conjunction with geological and
airborne geophysical data sets, carried out by Independent Consultant, Dr
Francis Murphy, has identified a series of gold targets on its exploration
licences in the Longford-Down Massif.

Twenty one gold exploration targets were identified by the RapidEye Imagery.
The targets were based on a series of technical criteria including
intersections between the Orlock Bridge fault zone, thought to be the main
geological structural control over mineralisation in the area, and transverse
geological structures. The gold exploration targets were divided by Dr Murphy
into three groups. Seven targets were designated by Dr Murphy in his report as
being in the highest priority group of most favourable exploration targets.
This detailed information derived from RapidEye Imagery enhances the
information already revealed by soil sampling, trenching and drilling.

Five main lineament orientations were reported as being present, NNW-SSE, N-S/
NNE, ENE/NE, NW-SE and WNW/E-W respectively. This information on lineaments and
their orientation may be of significance in further exploration of the licence
area where the Company has already discovered a thirty mile gold trend,
including four gold-in-bedrock targets and is currently planning to develop its
first operational gold mine at Clontibret in County Monaghan, as set out in the
Company's announcement on 19 September 2014.

The RapidEye Imagery was processed and interpreted at up to 1:10000 scale at 5
metres resolution over the Company's entire area.

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, Chairmancommented:

"I am delighted with the results of the Satellite Imagery Structural Report on
the Company's licence block, which adds further weight to the conceptual
studies by the Company which suggest the potential for 15 - 20+ M Oz of gold
within the 30 mile gold trend"

For further information please contact:

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

Visit the website at: www.conroygoldandnaturalresources.com