Statement re Metallurgical Test Work

8 January 2013

                                                                               
                     Conroy Gold and Natural Resources plc                     

                          ("Conroy" or "the Company")                          

              Initial Results of Metallurgical Test Work Positive              

Conroy Gold and Natural Resources plc (AIM:CGNR; ESM:CGNR.I), the gold
exploration and development company focused on Ireland where it plans to
develop a gold mine at Clontibret in Co. Monaghan, is pleased to announce that
the first results of the Metallurgical test work have been received and were
positive.

These results relate to the Comminution test work being undertaken by
Goldfields Limited ("Goldfields") including grinding, crushing and other
factors in relation to mill design. The test work undertaken included Bond Rod
Work Index (BRWi), Bond Ball Work Index (BBWi), Bond Abrasion Work Index (Ai)
and SAG Mill Comminution Test (SMC). The latter was carried out on behalf of
Goldfields by JKTech which specialises in SAG Mill techniques.

The Abrasion Index was lower than anticipated and the ore is harder. The test
sample was classified in the SMC test by JK Tech as being moderately hard.

The results suggest that either a combination of Semi-Autonomous Grind ("SAG")/
Ball Mill or "HPGR"/Ball Mill or a larger Ball Mill for the process plant be
considered. Preliminary indications are that a "SAG"/Ball Mill combination may
be the preferred choice.

Commenting today, Chairman, Professor Richard Conroy said:

"We are delighted to receive the first results of the Metallurgical studies.
This is a further important step inour planned development of a gold mine at
Clontibret in Co. Monaghan.Thetest work is continuingand these resultson the
Comminution studieswill be followed by results from theFlotation test work."

For further information please contact:

Conroy Gold and Natural Resources plc                      Tel: [phone]
                                                                               
Professor Richard Conroy, Chairman                                             
                                                                               
Merchant Securities Limited (Nomad)                        Tel:                
                                                           [phone]    
                                                                               
Simon Clements/Virginia Bull                                                   
                                                                               
Hybridan LLP (Joint Broker)                                Tel:                
                                                           [phone]    
                                                                               
Claire Noyce/Deepak Reddy                                                      
                                                                               
Shore Capital Stockbrokers Limited (Joint Broker)          Tel:                
                                                           [phone]    
                                                                               
Jerry Keen/Bidhi Bhoma/Toby Gibbs                                              
                                                                               
IBI Corporate Finance Limited (ESM Adviser)                Tel:                
                                                           [phone]    
                                                                               
Brian Farrell                                                                  
                                                                               
Lothbury Financial Services Limited                        Tel:                
                                                           [phone]    
                                                                               
Michael Padley/Michael Spriggs                                                 
                                                                               
Hall Communications                                        Tel: [phone]
                                                                               
Don Hall                                                                       

Visit the website at: www.conroygoldandnaturalresources.com