MONAGHAN MOVES CLOSER TO BEING A GOLD MINING REGION...

Clontibret in Co. Monaghan has moved another step closer to being a gold mining region with the announcement today by minerals exploration company Conroy Gold and Natural Resources plc that additional gold mineralisation has been discovered in the area.

In a statement issued to the Stock Exchange – in which the company restates its plans to develop a conventional open pit gold mine in the area – Conroy confirms the discovery of a new gold area within its proposed mining zone.

This latest discovery reveals the continuation of higher grades, including 1.05 metres at 11.24 grammes per tonne (g/t) gold.

Other aspects include increased widths of mineralisation, including 9.1 metres at 2.87g/t gold, with lateral and vertical continuity within the previously established gold zones.

Commenting, Company Chairman, Professor Richard Conroy describes the results as ‘another important step forward in the Company’s plans to develop a gold mine at Clontibret.’

ADDITIONAL GOLD MINERALISATION AT CLONTIBRET

·              New gold area discovered within proposed mining zone

·              Higher grades continuing, including 1.05 metres at 11.24 grammes per tonne (g/t) gold

·              Increased widths of mineralisation confirmed, including 9.1 metres at 2.87g/t gold

·              Good continuity with previously established gold zones

Conroy (AIM: CGNR; ESM: CGNR.I) is pleased to announce further results from its ongoing infill drilling programme at its Clontibret gold project in Co. Monaghan, Ireland where the Company plans to develop a conventional open pit gold mine.

The latest results add a new gold area within the proposed mining zone, which was identified in the Wardrop scoping study as announced on 7 February 2011.  In addition, as well as confirming the higher grades and wider intersections previously reported, the results also demonstrate that there is lateral and vertical continuity within the previously established gold zones.

Gold intersections in an angled drillhole drilled to a down hole depth of 301.6 metres (approximately 213 metres vertically) in the latest series of drillholes, included 3.6 metres of 2.22 g/t from 79.6 metres and 9.10 metres of 2.87 g/t gold from 117.7 metres, including 1.05 metres of 11.24 g/t gold from 123.5 metres (see Table 1 below). This hole was drilled approximately 65 metres away from the nearest drillhole within the scoping study resource estimation and thus represents a new area of gold mineralisation within the proposed pit area of the mine.

Table 1

Drill Hole   From (m)   Intercept (m)   Au (g/t)

Intersection      79.60              3.6             2.22

Intersection      117.7              9.1             2.87

incl.               123.5              1.05           11.24

Intersection      142.96             5.49            0.69

Intersection      181.68             2.32           3.31

Intersection      277.3              1.95            0.72

A further drillhole in this series was drilled to a down hole depth of 168 metres (approximately 119 metres vertically)  and intersected 2.9 metres of  2.21 g/t gold from 64.5 metres, including 0.55 metres at 10.36 g/t gold (see Table 2 below) giving further confirmation and confidence in the continuity within the established gold zones.

Table 2

Drill Hole   From (m)   Intercept (m)   Au (g/t)

Intersection       64.50          2.90            2.21

incl.                65.85          0.55            10.36

Intersection       143.85         2.00            0.61

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.

Commenting, Chairman, Professor Richard Conroy said:

“I am delighted to see the continuing good results from the infill drilling with a new area of gold mineralisation identified. The results also confirm a sustained increase in the widths and gold grades together with continuity with previously established gold zones. It is another important step forward in the Company’s plans to develop a gold mine at Clontibret.”

Clontibret in Co. Monaghan has moved another step closer to being a gold mining region with the announcement today by minerals exploration company Conroy Gold and Natural Resources plc that additional gold mineralisation has been discovered in the area.

In a statement issued to the Stock Exchange – in which the company restates its plans to develop a conventional open pit gold mine in the area – Conroy confirms the discovery of a new gold area within its proposed mining zone.

This latest discovery reveals the continuation of higher grades, including 1.05 metres at 11.24 grammes per tonne (g/t) gold.

Other aspects include increased widths of mineralisation, including 9.1 metres at 2.87g/t gold, with lateral and vertical continuity within the previously established gold zones.

Commenting, Company Chairman, Professor Richard Conroy describes the results as ‘another important step forward in the Company’s plans to develop a gold mine at Clontibret.’

ADDITIONAL GOLD MINERALISATION AT CLONTIBRET

·              New gold area discovered within proposed mining zone

·              Higher grades continuing, including 1.05 metres at 11.24 grammes per tonne (g/t) gold

·              Increased widths of mineralisation confirmed, including 9.1 metres at 2.87g/t gold

·              Good continuity with previously established gold zones

Conroy (AIM: CGNR; ESM: CGNR.I) is pleased to announce further results from its ongoing infill drilling programme at its Clontibret gold project in Co. Monaghan, Ireland where the Company plans to develop a conventional open pit gold mine.

The latest results add a new gold area within the proposed mining zone, which was identified in the Wardrop scoping study as announced on 7 February 2011.  In addition, as well as confirming the higher grades and wider intersections previously reported, the results also demonstrate that there is lateral and vertical continuity within the previously established gold zones.

Gold intersections in an angled drillhole drilled to a down hole depth of 301.6 metres (approximately 213 metres vertically) in the latest series of drillholes, included 3.6 metres of 2.22 g/t from 79.6 metres and 9.10 metres of 2.87 g/t gold from 117.7 metres, including 1.05 metres of 11.24 g/t gold from 123.5 metres (see Table 1 below). This hole was drilled approximately 65 metres away from the nearest drillhole within the scoping study resource estimation and thus represents a new area of gold mineralisation within the proposed pit area of the mine.

Table 1

Drill Hole   From (m)   Intercept (m)   Au (g/t)

Intersection      79.60              3.6             2.22

Intersection      117.7              9.1             2.87

incl.               123.5              1.05           11.24

Intersection      142.96             5.49            0.69

Intersection      181.68             2.32           3.31

Intersection      277.3              1.95            0.72

A further drillhole in this series was drilled to a down hole depth of 168 metres (approximately 119 metres vertically)  and intersected 2.9 metres of  2.21 g/t gold from 64.5 metres, including 0.55 metres at 10.36 g/t gold (see Table 2 below) giving further confirmation and confidence in the continuity within the established gold zones.

Table 2

Drill Hole   From (m)   Intercept (m)   Au (g/t)

Intersection       64.50          2.90            2.21

incl.                65.85          0.55            10.36

Intersection       143.85         2.00            0.61

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.

Commenting, Chairman, Professor Richard Conroy said:

“I am delighted to see the continuing good results from the infill drilling with a new area of gold mineralisation identified. The results also confirm a sustained increase in the widths and gold grades together with continuity with previously established gold zones. It is another important step forward in the Company’s plans to develop a gold mine at Clontibret.”