Update on Court Hearing: Costs Awarded to Company

10 October 2017

Conroy Gold and Natural Resources plc
(â€œConroyâ€ or â€œthe Companyâ€)

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 High Court today awarded costs to the Company, with a stay on that order pending any appeal, in relation to the Court Hearings of the case brought against the Company by Mr Patrick O'Sullivan in the High Court in Dublin in which the Judge gave his decision in favour of the Company on 26 September 2017. The amount of the costs will now be assessed and the Company will provide an update at the appropriate time.

Contacts:

Conroy Gold and Natural Resources plc
Tel: +353-1-479-6180

Professor Richard Conroy, Chairman

Allenby Capital Limited (Nomad)
Tel: +44-20-3328-5656

Virginia Bull / James Thomas / Nick Harriss

Beaufort Securities (Broker)
Tel: +44-20-7382-8300

Jon Belliss / Elliot Hance

IBI Corporate Finance Limited (ESM Adviser)
Tel: +353-766-234-800

Ger Heffernan / Jan Fitzell

Lothbury Financial Services
Tel: +44-20-3290-0707

Michael Padley

Hall Communications
Tel: +353-1-660-9377