Issue of Equity

8 October 2014 Conroy Gold and Natural Resources plc ("Conroy" or "the Company") Placing and Subscription to raise £750,000 * Placing and Subscription of 75,000,000 New Ordinary Shares at 1 Pence Per Share to Raise £750,000 Conroy (AIM: CGNR), (ESM: CGNR.I) which is planning to develop a gold mine atClontibret in Co. Monaghan Ireland is pleased to announce that it hasconditionally raised £750,000, through an oversubscribed placing (the"Placing") and subscription ("the Subscription") of 75,000,000 Ordinary Sharesof EUR 0.01 in the capital of the Company ("Ordinary Shares") (the "Placing"and "Subscription" Shares) at a price of 1 pence sterling per share ("Placingand Subscription Price"). As part of the Placing and Subscription, Mr Patrick O'Sullivan has subscribedfor 20,000,000 shares. Following admission, Patrick O'Sullivan will hold50,714,546 Ordinary Shares in the Company, representing 11.88 per cent of theCompany's enlarged share capital and total voting rights. The Company intends to use the proceeds of the Placing and Subscriptionprimarily to fund the Company's on-going programme at its Clontibret goldtarget where a definitive mining plan is in the course of development whichenvisages a Phase 1 starter pit and pit extension and Phase 2 to compriseunderground mining and/ or further surface pit(s). The remaining proceeds willalso be used to continue its exploration at its Clay Lake, and other gold andbase metal targets, and put towards working capital purposes. The Placing and Subscription is conditional, inter alia, on admission of thePlacing and Subscription Shares to trading on AIM and the Enterprise SecuritiesMarket operated by the Irish Stock Exchange Limited ("ESM"). The Placing andSubscription Shares will rank pari passu with the existing issued OrdinaryShares. Application has been made to AIM and ESM for the Placing and SubscriptionShares to be admitted to trading and admission is expected to take place on 22October 2014. On admission of the 75,000,000 Placing and Subscription Shares, the Companywill have 426,999,972 Ordinary Shares in issue. Professor Richard Conroy, Chairman, commented: "I am extremely pleased to announce the oversubscribed fundraising of £750,000which will enable the Company to progress its Clontibret Project one stepcloser towards production. The resources market continues to be challenging andwe feel the overwhelming support we have received from new and currentshareholders is testament to our plans to develop what will be the firstsignificant gold mine in the Republic of Ireland in modern times." 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: +44-20-3713-4580 Claire Louise Noyce/William Lynne IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800 Ger Heffernan Lothbury Financial Services Limited Tel: +44-20-3440-7622 Michael Padley/Michael Spriggs Hall Communications Tel: +353-1-660-9377 Don Hall

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