Interim Results

To be embargoed until 7.00am on 27 February 2007                      

                        Conroy Diamonds and Gold Plc                          

                 Unaudited Interim Results for the six months                  

                            ended 30 November 2006.                            

CHAIRMAN'S STATEMENT

I have great pleasure in presenting your Company's Interim Report for the six
months ended 30 November 2006, a period in which your Company continued to make
further progress with its gold exploration programmes in both Ireland and
Finland.

First Resource Estimates For Clontibret Gold Deposit:

A major step forward in your Company's gold exploration programme in the
Longford-Down Massif in Ireland was the announcement of the first
JORC-compliant resource estimate for part of your Company's Clontibret gold
deposit in Co. Monaghan.

CSA, the international mining consultants, calculated a series of inferred and
indicated resource scenarios for one closely-drilled area covering less than
20p.c. of the Clontibret target anomaly. The estimates show an inferred
resource of 500,000oz contained gold (12m tonnes grading 1.3grams/tonne using a
1gram/tonne cut-off). This includes an indicated resource of 1.3m tonnes
grading 1.4grams/tonne (64,000oz contained) at 1g/t cut-off.

The estimates have been calculated to an average depth approximately 150m below
surface, and the mineralisation remains open at depth and along strike. If
repeated in the remainder of the target it would suggest the deposit is much
larger than originally anticipated.

Clontibret is one of a series of gold occurrences in the Longford-Down Massif
where your Company has identified a gold-bearing trend that extends for at
least 50 miles along strike from Co. Armagh in Northern Ireland, through Co.
Monaghan and into Co. Cavan in the Republic of Ireland.

This JORC-compliant estimate represents the first step in the Company's
economic assessment of its gold discoveries in the Massif. The estimates are
highly encouraging, not only in relation to Clontibret, but also with regard to
the Company's other gold discoveries in the Longford-Down Massif.

Extensive Gold Target Outlined In Finland

Your Company has also discovered an extensive gold-bearing area in Finland
following soil sampling on its recently acquired Sodankyla licences in the
Central Lapland Greenstone belt. which outlined an anomaly measuring over 750m
by 300m. The sampling also returned elevated chrome values of up to 2,270ppm
(0.23p.c.), together with some elevated nickel values.

Studies by the Geological Survey of Finland have highlighted the high potential
for gold mineralisation within the Central Lapland Greenstone Belt where
Canada's Agnico-Eagle Mines Ltd is currently developing its +2m ounce
Suurikuusikko gold deposits.

Your Company has also been granted a claim reservation covering a further 9km²
in the Sodankyla area. A drilling programme is now being planned to test the
extent of the gold mineralisation within your Company's area and to further
investigate the elevated chrome and nickel values.

This is early confirmation that there are exciting gold exploration
opportunities in this area of Finland, a mining-friendly country with a rapidly
growing gold mining and exploration industry. Your Company is very encouraged
by its early success in this new area and looks forward to building on it as
the programme develops.

Finance:

The results for the half-year are set out below. The loss for the period was €
144,914 (2005 profit €484,823). The net assets in the balance sheet have
increased from €5,774,325 to €6,610,712 due to the acquisition of gold assets
in Finland and the continuing exploration programme in Ireland.

Your Company's first JORC-compliant resource estimate of 500,000oz contained
gold in one closely drilled area covering less than 20p.c. of the Clontibret
target anomaly, together with your Company's other gold discoveries, indicate
the potential and scale of the Longford-Down Massif project. Your board is
considering the various financial options to finance and gain the maximum
benefit from its exploration success.

Directors and Staff

I would like to thank my fellow directors, staff and consultants for their
support and dedication, which has enabled the continued success of the Company.
I look forward to the future with confidence.

Professor Richard Conroy
Chairman.
27 February 2007


UNAUDITED BALANCE SHEET
At 30 November 2006

                                               30   30 November           31
                                                           2005             
                                    November 2006                        May
                                                                        2006
                                                                            
                                      (Unaudited)   (Unaudited)    (Audited)
                                                                            
                                                €             €            €
                                                                            
Fixed Assets                                                                
                                                                            
Mineral interests                       7,233,917     5,507,278    5,781,855
                                                                            
Financial fixed asset                           2             -            -
                                                                            
Tangible assets                            37,870        54,271       43,635
                                                                            
                                        7,271,789     5,561,549    5,825,490
                                                                            
Current Assets                                                              
                                                                            
Debtors                                    45,290        43,521       55,835
                                                                            
Cash in hand                               18,838         5,100      312,397
                                                                            
                                           64,128        48,621      368,232
                                                                            
Creditors:                                                                  
                                                                            
Amounts failing due within one          (206,902)     (512,934)    (419,397)
year                                                                        
                                                                            
Net Current Liabilities                 (142,774)     (464,313)     (51,165)
                                                                            
Total Assets less Current               7,129,015     5,097,236    5,774,325
Liabilities                                                                 
                                                                            
Creditors:                                                                  
                                                                            
Amounts failing due after more          (518,303)             -            -
than one year                                                               
                                                                            
Net Assets                             €6,610,712    €5,097,236   €5,774,325
                                                                            
Capital and Reserves                                                        
                                                                            
Called up share capital                 3,170,649     2,146,320    2,591,820
                                                                            
Capital conversion Reserve Fund            30,617        30,617       30,617
                                                                            
Share premium account                   5,472,337     4,707,607    5,069,866
                                                                            
Profit and loss account               (2,062,891)   (1,787,308)  (1,917,978)
                                                                            
Shareholders' Funds - all equity       €6,610,712    €5,097,236   €5,774,325
                                                                            


UNAUDITED PROFIT AND LOSS ACCOUNT
For half year ended 30 November 2006

                                          Six months    Six months         Year
                                               ended         ended        Ended
                                         30 November   30 November             
                                                2006          2005       31 May
                                                                           2006
                                                                               
                                         (Unaudited)   (Unaudited)    (Audited)
                                                                               
                                                   €             €            €
                                                                               
Operating expenses - recurring             (146,177)     (122,485)    (254,316)
                                                                               
- Non-recurring                                            607,197      607,197
                                                                               
Other income                                   1,263           111        1,272
                                                                               
(Loss)/Profit on ordinary activities       (144,914)       484,823      354,153
                                                                               
Tax on loss/profit on ordinary                     -             -            -
activities                                                                     
                                                                               
Retained (Loss)/Profit for period          (144,914)       484,823      354,153
                                                                               
Profit and loss account at beginning of  (1,917,978)   (2,272,131)  (2,272,131)
period                                                                         
                                                                               
Profit and Loss account at end of        (2,062,892)   (1,787,308)  (1,917,978)
period                                                                         
                                                                               
(Loss)/earnings per share - basic          (€0.0016)       €0.0068      €0.0048
                                                                               
- fully diluted                                                         €0.0044


CASH FLOW STATEMENT
For half year ended 30 November 2006

                                         30 November   30 November       31 May
                                                2006          2005         2006
                                         (Unaudited)   (Unaudited)    (Audited)
                                                                               
                                                   €             €            €
                                                                               
Net Cash Inflow/(Outflow) from             (341,098)       224,703      (1,951)
Operating Activities                                                           
                                                                               
Capital Expenditure and Financial        (1,452,063)     (282,292)    (556,100)
Investments                                                                    
                                                                               
Net Cash Outflow before financing        (1,793,161)      (57,589)    (558,051)
                                                                               
Financing                                  1,499,603             -      807,759
                                                                               
(Decrease)/Increase in Cash               (€293,558)     (€57,589)     €249,708

Notes to the Financial Statements

1. Publication of non-statutory accounts

The financial information set out in this document does not comprise the
statutory accounts of the Company.

2. Loss per share

The calculation of the loss per ordinary share of €0.0016 earnings per ordinary
share (2005 - earnings per ordinary share €0.068) is based on the loss for the
half year of €144,914 (2005 - profit €484,823) and the weighted average number
of ordinary shares on a basic and fully diluted basis during the period of
88,001,036 (2005 - 71,544,011). Share options and warrants are not included in
the calculation of fully diluted shares since the Company incurred a loss in
2006 which results in these potential shares being anti-dilutive.

3. Dividends

No dividends were paid or are proposed in respect of the period ended 30
November, 2006.

4. A copy of the Interim Report will be sent to all shareholders shortly and
will be available from the Company's registered office, 10 Upper Pembroke
Street, Dublin 2.

Further enquiries:

Professor Richard Conroy
Conroy Diamond and Gold plc 00 353 1 661 8958

Jeffrey Coburn
John East & Partners Limited 020 7628 2200

Charles Dampney
City Capital Limited 020 7822 7107