Statement re Metallurgical Test Work

CONROY GOLD & NATURAL RESOURCES PLC - Statement re Metallurgical Test Work

PR Newswire

London, January 7

Conroy Gold and Natural Resources plc (AIM:CGNR; ESM:CGNR.I), the goldexploration and development company focused on Ireland where it plans todevelop a gold mine at Clontibret in Co. Monaghan, is pleased to announce thatthe first results of the Metallurgical test work have been received and werepositive.

These results relate to the Comminution test work being undertaken byGoldfields Limited ("Goldfields") including grinding, crushing and otherfactors in relation to mill design. The test work undertaken included Bond RodWork Index (BRWi), Bond Ball Work Index (BBWi), Bond Abrasion Work Index (Ai)and SAG Mill Comminution Test (SMC). The latter was carried out on behalf ofGoldfields by JKTech which specialises in SAG Mill techniques.

The Abrasion Index was lower than anticipated and the ore is harder. The testsample was classified in the SMC test by JK Tech as being moderately hard.

The results suggest that either a combination of Semi-Autonomous Grind ("SAG")/Ball Mill or "HPGR"/Ball Mill or a larger Ball Mill for the process plant beconsidered. Preliminary indications are that a "SAG"/Ball Mill combination maybe the preferred choice.

Commenting today, Chairman, Professor Richard Conroy said:

"We are delighted to receive the first results of the Metallurgical studies.This is a further important step inour planned development of a gold mine atClontibret in Co. Monaghan.Thetest work is continuingand these resultson theComminution studieswill be followed by results from theFlotation test work."

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Visit the website at: www.conroygoldandnaturalresources.com