Further Gold Targets Identified

CONROY GOLD & NATURAL RESOURCES PLC - Further Gold Targets Identified

PR Newswire

London, May 13

Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the goldexploration and mine development company which has discovered a thirty milegold trend in Ireland running across Counties Armagh, Monaghan and Cavan and isplanning to develop its first operational gold mine at Clontibret in Co.Monaghan, is pleased to announce that a series of further gold targets havebeen identified along the gold trend. This follows an independent review of theairborne geophysics data in the area by BRG (Geotechnics) Limited.

The Company's detailed multicomponent airborne geophysical data includesmagnetics, electromagnetics, radiometrics and laser altimetry. The new targetsidentified by the independent review have similar airborne geophysicalcharacteristics to the known gold occurrences at Clay Lake, Clontibret andGlenish within the Company's licence area.

The target zones have been identified at confluence areas of various linearfeatures and splays revealed by the airborne geophysics. These are typicalfeatures in areas associated with gold mineralisation. Two of the target areasalso coincide with regional soil geochemical anomalies which the Company hasalready identified.

Professor Richard Conroy, Chairman commented:

"It is very pleasing to have the results of this independent geophysical reviewindicating the presence of additional gold targets which in turn gives furtherconfirmation of the gold potential of the entire licence area."

For further information please contact:

Shore Capital Stockbrokers Limited (Joint Broker) Tel: +44-20-7408-4050Jerry Keen/Bidhi Bhoma/Toby Gibbs

Visit the website at: www.conroygoldandnaturalresources.com