Trenching at Clay Lake Target

22 May 2014 Conroy Gold and Natural Resources plc ("Conroy" or "the Company") WIDE GOLD ZONES CONFIRMED BY TRENCHING AT CLAY LAKE GOLD TARGET * 5 Metres @ 3.02g/t Gold Recorded In One Trench * Wide Gold Zones Confirmed On Surface By Trenching, Previous Drilling Has Shown Depths Extend To Over 100 Metres * Overall Total In Trenches of 108 Metres of Gold Mineralisation At An A verage Grade of 0.58g/t Gold Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), is pleased toannounce that assay results from channel sampling in trenches at its Clay LakeGold Target in Co. Armagh have confirmed wide gold zones at surface. Theresults included 5 metres @ 3.02g/t gold in one trench and an overall total inall trenches of 108 metres of gold mineralisation at an average grade of 0.58g/t gold. The wide gold zones now confirmed on surface by the assay results wereinitially demonstrated by a follow up trenching programme to the recentlycompleted independent structural study on the Clay Lake Gold Target.Correlation with drilling results has shown that the zones extend to depths ofover 100 metres. The wide gold zones at surface also included 22 metres @ 1.01g/t gold within azone of 38 metres @ 0.68g/t gold, other zones included 21 metres @ 0.58g/tgold, 27 metres @ 0.46g/t gold, 10 metres @ 0.60g/t gold, 8 metres @ 0.36g/tgold and 4 metres @ 0.42g/t gold. The results are a further indication of the potential of the Clay Lake GoldTarget 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: "These results confirming the presence of widegold zones at our Clay Lake GoldTarget are tremendously encouraging." 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: +44-20-7868-2010Michael Padley Hall Communications Tel: +353-1-660-9377Don Hall

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