Gold Targets Identified by Satellite Imagery

2 December 2014 Conroy Gold and Natural Resources plc ("Conroy" or "the Company") GOLD TARGETS IDENTIFIED BY HIGH RESOLUTION SATELLITE IMAGERY * Twenty One Gold Exploration Targets Identified * Five Main Lineament Orientations Delineated in the Longford-Down Massif * Further Information Identified on Orlock Bridge Fault - the Major Structural Control on Mineralisation in the Area Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the goldexploration and development company focused on Ireland and Finland, is pleasedto announce that the results of a structural interpretation of High ResolutionSatellite Imagery ("RapidEye Imagery"), in conjunction with geological andairborne geophysical data sets, carried out by Independent Consultant, DrFrancis Murphy, has identified a series of gold targets on its explorationlicences in the Longford-Down Massif. Twenty one gold exploration targets were identified by the RapidEye Imagery.The targets were based on a series of technical criteria includingintersections between the Orlock Bridge fault zone, thought to be the maingeological structural control over mineralisation in the area, and transversegeological structures. The gold exploration targets were divided by Dr Murphyinto three groups. Seven targets were designated by Dr Murphy in his report asbeing in the highest priority group of most favourable exploration targets.This detailed information derived from RapidEye Imagery enhances theinformation already revealed by soil sampling, trenching and drilling. Five main lineament orientations were reported as being present, NNW-SSE, N-S/NNE, ENE/NE, NW-SE and WNW/E-W respectively. This information on lineaments andtheir orientation may be of significance in further exploration of the licencearea where the Company has already discovered a thirty mile gold trend,including four gold-in-bedrock targets and is currently planning to develop itsfirst operational gold mine at Clontibret in County Monaghan, as set out in theCompany's announcement on 19 September 2014. The RapidEye Imagery was processed and interpreted at up to 1:10000 scale at 5metres resolution over the Company's entire area. 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, inaccordance with the guidance note for Mining, Oil & Gas Companies issued by theLondon Stock Exchange in respect of AIM Companies, which outlines standards ofdisclosure for mineral projects. Professor Richard Conroy, Chairmancommented: "I am delighted with the results of the Satellite Imagery Structural Report onthe Company's licence block, which adds further weight to the conceptualstudies by the Company which suggest the potential for 15 - 20+ M Oz of goldwithin the 30 mile gold trend" For further information please contact: Conroy Gold and Natural Resources plc Tel: +353-1-661-8958Professor Richard Conroy, Chairman Sanlam Securities UK Limited (Nomad) Tel: +44-20-7628-2200Virginia Bull/Simon Clements Hybridan LLP (Broker) Tel: +44-20-3713-4580Claire Louise Noyce/William Lynne IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800Ger Heffernan Lothbury Financial Services Tel: +44-20-3440-7620Michael Padley/Gary Middleton Hall Communications Tel: +353-1-660-9377Don Hall

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