Clay Lake Gold Potential

26 February 2014 Conroy Gold and Natural Resources plc ("Conroy" or "the Company") CLAY LAKE GOLD POTENTIAL * Clay Lake Structural Study Confirms Presence Of Gold Bearing Anticline Structure * Second Gold Bearing Anticline Structure Also Identified In Clay Lake Gold Target * Results Suggest Potential For High Tonnage And Overall Gold Content Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), is pleased toannounce the results of a structural study at its Clay Lake gold target in Co.Armagh by independent consultant structural geologists, Dr Francis Murphy andDr David Coller. The study has yielded important new geological information which adds furtherevidence that the Clay Lake gold target may have the potential for high tonnageand overall gold content. The structural study, which included field mapping and detailed coreinvestigation, was designed to indicate the nature of the geological structure,in which gold had been intersected during drilling by the Company. The results of the study showed that not only is a gold mineralised anticlinepresent at the Clay Lake gold target, with intense shearing, but that a secondgold mineralised anticline is also present to the northwest of the firstanticline. Anticline structures are important because they can host significant volumes ofgold and are thus a key target in exploration. The identification of theanticlinal structure is of particular significance as gold mineralisation tendsto accumulate within the hinge, or top, of the anticline. The presence of a second anticline to the northwest, where gold mineralisationhas also been intersected during drilling, is very exciting as this targetcould be similar to the first anticline where previous drilling by the Companyintersected 53m at 0.60g/t gold including 10.25m at 1.37g/t gold. Taken in conjunction with the widths of gold which have been intersected in theClay Lake target the presence of anticlinal structures is a further indicatorof the potential of Clay Lake target for high tonnage and overall gold content. Conroy is also currently planning to develop its first operational gold mine atClontibret in County Monaghan, Ireland, which is one of four target areas,along with Clay Lake, identified within a 30 mile gold trend. This release has been approved by Kevin McNulty PGeo, who is a member of theCompany'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 bythe London Stock Exchange in respect of AIM Companies, which outlines standardsof disclosure for mineral projects. Professor Richard Conroy, Chairmancommented: "This is very encouraging and indeed exciting news as in addition to the widthsof gold which have been encountered during drilling it adds further geologicalevidence that the Clay Lake gold target could have the potential for hightonnage and overall gold content. For further information please contact: Conroy Gold and Natural Resources plc Tel: +353-1-661-8958 Professor Richard Conroy, Chairman Sanlam Securities UK Limited (Nomad) Tel: +44-20-7628-2200 Virginia Bull/Simon Clements Hybridan LLP (Broker) Tel: +44-20-7947-4350 Claire Louise Noyce/William Lynne IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800 Ger Heffernan Lothbury Financial Services Tel: +44-20-7868-2010 Michael Padley/Michael Spriggs Hall Communications Tel: +353-1-660-9377 Don Hall

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