Trenching at Clay Lake

8 May 2014 Conroy Gold and Natural Resources plc ("Conroy" or "the Company") WIDE MINERALIZED ZONES DEMONSTRATED BY TRENCHING AT CLAY LAKE GOLD TARGET * 666 Metres of Trenching Completed * Wide Mineralized Zone Demonstrated Near Surface * Black Shale Present In Three Out Of Four Trenches * Results Further Suggest Potential of Clay Lake Gold Target for High Tonnage and Overall Gold Content Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I) is pleased toannounce that further to the recently completed independent structural study onits Clay Lake gold target in Co. Armagh, a follow up trenching programme hasshown wide mineralized zones. Mapping and structural analysis of the trencheswas undertaken by independent consultant structural geologist Dr David Coller. The trenching was carried out to further define the veins, cleavage, bedding,structural orientations and general geological units at surface and to relatethese orientations to previous drilling. Four trenches were dug - a total of666 metres - using a large track mounted excavator. Bedrock was encountered inmost of the trenching. The results demonstrated that, in addition to the wide mineralized zonesintersected in drilling at depth, mineralization occurs in subcrop at the baseof till near surface. Wide sheared and mineralized black shale was present inthree of the trenches with a regional East Northeast strike trend. Mineralizedblack shale in this area tends to be associated with the presence of gold.Correlation of the trench data with drilling data indicates that the centralpart of the system is steep dipping to the North and may have significant depthextent which is as yet untested. The new geological information further reinforces the view that the Clay Lakegold target may have the potential for high tonnage and overall gold content. 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: "I am delighted with these results which lend further credence to the view thatthe Clay Lake gold target has the potential for high tonnage and overall goldcontent." 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: +44-20-7947-4350Claire Louise Noyce/William Lynne IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800Ger Heffernan Lothbury Financial Services Tel: +44-20-7868-2010Michael Padley Hall Communications Tel: +353-1-660-9377Don Hall

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