Viability of Clontibret Gold Mine

23 October 2013 Conroy Gold and Natural Resources plc VIABILITY OF CLONTIBRET GOLD MINE CONFIRMED * Key Step in Bringing in a Gold Mine at Clontibret, in Co. Monaghan, Ireland, Successfully Concluded * Testwork Confirms the Amenability and Technical Viability of Using BIOX® Technique to Process the Clontibret Ore * Maximum Gold Extractions Achieved on Lode and Stockwork Concentrate Samples After Biooxidation Were 90.4 per cent and 87.1 per cent respectively Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold miningcompany which has discovered a thirty mile gold district in Ireland runningacross Counties Armagh, Monaghan and Cavan and is planning to develop its firstoperational gold mine at Clontibret in Co. Monaghan, is pleased to announcethat the final results of the mineralogical and metallurgical testworkprogramme on the ore grade material sent to Goldfields/BIOMIN confirm theamenability and technical viability of using the BIOX® technique to process theore at Clontibret. The mineralogical and metallurgical testwork, which was supervised and managedby independent consultants Tetra Tech was carried out on 350kg of drill corerepresentative of both lode and stockwork ore grade material with a 10 per centdilution factor with a grade similar to that expected for run of mine. The testwork results indicated fast oxidation kinetics, achieving over 90 percent oxidation for both lode and stockwork concentrate samples. Maximum goldextractions achieved were 90.4 per cent and 87.1 per cent respectively withoverall recoveries confirmed by Tetra Tech to be in line with their independentScoping Study. BIOX®, which is a well established bacterial oxidation technique, wasrecommended by Tetra Tech as an appropriate technology for treating the goldsulphide concentrate at the proposed gold mine at Clontibret. BIOX®is anenvironmentally friendly proven technology with a number of plants in operationworldwide including South Africa, Ghana, Brazil, China and Australia. The BIOX®process gives improved rates of gold recovery at significantly lower capitaland operating costs. This release has been approved by Eur.Ing. Andrew J. Carter C.Eng, MIMMM,MSAIMM, SME, Competent Person for Mineral Processing, Tetra Tech and by KevinMcNulty PGeo, who is a member of the Company's technical staff, who holds a BSc/MSc in Geology and Remote Sensing, in accordance with the guidance note forMining, Oil & Gas Companies issued by the London Stock Exchange in respect ofAIM Companies, which outlines standards of disclosure for mineral projects. Professor Richard Conroy, Chairman commented: "I am delighted at these positive finalMineralogical andMetallurgicalresultswhich confirm thetechnical and financialviability of the proposed BIOX®technologyfor processing the ore. Thisis a key step inbringing the gold mine atClontibret into operation". 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: +353-766-234-800Brian Farrell Lothbury Financial Services Tel: +44-20-3440-7620Michael Padley/Michael Spriggs Hall Communications Tel: +353-1-660-9377Don Hall

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