Zinc discovery to South of Clay Lake Gold Anomaly

4 June 2009

                         Conroy Diamonds and Gold Plc                          

                          ("Conroy" or "the Company")                          

             NEW ZINC DISCOVERY TO SOUTH OF CLAY LAKE GOLD ANOMALY             

  * Extensive Zinc-In-Soil Anomalies With Values Up To 2,947parts per million
    ("ppm")
   
  * Average For All 1,500 Samples Well In Excess Of Typical Background Values
   
  * Gold Remains Company's Primary Focus But Base Metal Follow-Up Planned
   
Conroy (AIM:CDG) is pleased to announce the discovery of a series of extensive
zinc-in-soil anomalies on its prospecting licences in Counties Monaghan and
Armagh in Ireland.

The anomalies, which extend over several square kilometres, are located to the
southeast of the Company's Clontibret gold target in County Monaghan, where it
previously announced a one million ounce gold resource, and to the south of the
large gold anomaly recently discovered by the Company at Clay Lake in County
Armagh.

Approximately 1,500 shallow soil samples were collected and analysed for base
metals, returning values ranging up to 2,947 ppm zinc and averaging 374 ppm
zinc. More than 300 samples assayed over 500 ppm zinc and 39 samples exceeded
1,000 ppm zinc. Typical background values in the area are less than 200ppm
zinc.

The Longford-Down Massif, in which the Company has already outlined an
extensive gold trend, has a history of base metals mining. Antimony was mined
at Clontibret, where the first gold discovery was made, and shallow lead and
zinc mines near Keady in South Armagh were worked in the nineteenth century.
Historic mines in the immediate area included the Annaglogh (lead, zinc,
copper) mine, just west of the newly discovered anomalies, and the College and
Clay mines, respectively 4.5km and 2.5km to the north west of those anomalies.

The new zinc discovery lies to the south of the Orlock Bridge Fault which is
considered to be a major structural controlling factor influencing
mineralisation in the Longford-Down Massif. The zinc anomalies overlie fine to
coarse-grained massive greywacke sandstones and micro-conglomerates. This is
comparable to parts of the Caledonian geology in Scandinavia, which hosts major
stratabound base-metal sulphide deposits.

These base metal findings provide further evidence that a significant
metalliferous system is present in the Clay Lake and Clontibret areas of the
Longford-Down Massif, perhaps as part of a zoning system ranging from gold
occurrences to base metals. The size of this system enhances the significance
of the Clay Lake gold target. A follow-up base metal programme is planned by
the Company in addition to its ongoing gold programme the area.

Commenting today, Chairman Professor Richard Conroy said:

"Our primary focus remains the delineation and development of our gold
discoveries in the Longford-Down Massif. However, we cannot ignore the
possibility that we have made a significant zinc discovery, with initial sample
values significantly above the typical background values. If confirmed, this
would be a welcome addition to the well-established gold potential on the
Company's licence areas."

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.

A map showing the licence area and the Company's recent discoveries can be
found on the Company's website www.conroydiamondsandgold.com

Further details on Conroy Diamonds and Gold can be found on its website at: 
www.conroydiamondsandgold.com

Further Information:

Professor Richard Conroy, Chairman, Conroy Diamonds and Gold Plc Tel:
[phone]

Charles Dampney, City Capital Corporation Limited Tel: [phone]

Simon Clements/Virginia Bull, John East & Partners Limited Tel:
[phone]

Ron Marshman/Michael Padley, Lothbury Financial Tel: [phone]

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