22 November 2023

[2011 Jan 28 CGNR Logo]

Conroy Gold and Natural Resources plc

("Conroy Gold" or "the Company")

FURTHER DRILL RESULTS FROM THE DERRYHENNET SECTION OF THE CLAY LAKE GOLD TARGET

  · 41.5 metre gold zone at 0.5 g/t gold intersected with grades up to 3.1 g/t
gold recorded

  · Continuity of gold stockwork zone demonstrated to the Northeast

  · Gold stockwork zone remains open to the Northeast and Southwest

Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to announce assay
results from a further three drillholes in the Derryhennet section of the Clay
Lake gold target in the Longford - Down Massif. The results included a 41.5
metre gold zone at 0.5 g/t gold with grades up to 3.1 g/t gold. The drillholes
reported are part of a step out drilling programme on the Company's C1/19 Mines
Royal option in County Armagh, Northern Ireland. The drilling programme is being
carried out in conjunction with the Company's Joint Venture partner, Demir
Export A.Ş ("Demir Export").

The Clay Lake gold target is situated in the north eastern section of the 65Km,
district scale Orlock Bridge gold trend, which the Company has discovered. It
extends for over 3Km in length and is, in places, 2Km in width and has a gold-in
-soil footprint covering over 220 hectares which is the largest gold-in-soil
target identified to date in the Longford-Down Massif.

The Clay Lake gold target is divided into five sub areas or sections; Camagh,
Cargalisgorran, Derryhennet, Listarkelt and Tivnacree. (The Derryhennet section
is approximately 1.2Km in length and 2Km in width and covers over 100 hectares).

Previous drilling, by the Company, in the Derryhennet sub area has yielded
outstanding results. These included what is believed to be the longest
continuous gold-in-bedrock intersection in the British Isles - 100m @ 0.6 g/t
Au. This intersection included 11.5m @ 1.5 g/t Au and 10.3m @ 1.4 g/t Au. Other
drilling results at Derryhennet have included 63m @ 0.6 g/t Au (including 9.0m @
1.5 g/t Au), and 52.5m @ 0.5 g/t Au.

The current step out drilling programme comprises of eight drillholes
(c.2,000m). One drillhole in the programme which included 40.5m @ 1.2 g/t Au has
already been reported (as announced 6 March 2023).

The assay results now reported include a 41.5 metre gold zone grading 0.5 g/t
gold intersected in one drillhole with grades going up to 3.1 g/t gold and have
also demonstrated continuity of the gold stockwork zone to the Northeast.

The gold stockwork zone remains open to the Northeast and Southwest.

Intercepts from these further three drillholes include:

CGA-22-002

  · 41.5m @ 0.5 g/t Au inc. 0.5m @ 3.1 g/t Au from 21.0m
  · 1.0m @ 1.0 g/t Au from 78.0m
  · 1.0m @ 0.5 g/t Au from 141.0m
  · 2.0m @ 0.7 g/t Au from 162.0m
  · 1.0m @ 0.5 g/t Au from 157.0m
  · 8.0m @ 0.6 g/t Au from 280.0m

CGA-22-006 / CGA-22-006A

  · 2.0m @ 0.7 g/t Au from 27.0m
  · 1.0m @ 0.5 g/t Au from 53.0m
  · 18.0m @ 0.4 g/t Au from 65.0m
  · 2.5m @ 0.5 g/t Au from 114.0m
  · 1.5m @ 0.5 g/t Au from 169.0m
  · 0.5m @ 0.7 g/t Au from 204.5m
  · 1.0m @ 0.4 g/t Au from 220.0m
  · 0.5m @ 1.3 g/t Au from 280.0m
  · 1.0m @ 0.3 g/t Au from 314.0m

CGA-22-007

  · 2.0m @ 0.6 g/t Au from 5.0m
  · 2.5m @ 0.4 g/t Au from 37.0m
  · 1.0m @ 0.6 g/t Au from 42.5m
  · 6.2m @ 0.6 g/t Au from 92.5m
  · 1.0m @ 0.7 g/t Au from 106.0m
  · 1.0m @ 0.3 g/t Au from 133.0m
  · 1.0m @ 0.5 g/t Au from 159.0m
  · 8.0m @ 0.7 g/t Au from 216.5m
  · 0.5m @ 0.7 g/t Au from 230.0m

(Only intercepts of 0.3 g/t or greater are presented)

All samples were analysed by ALS (OMAC Laboratories) Loughrea using Au-ICP21 (Au
by fire assay and ICP-AES 30g sample).

The eight drillhole step out programme is ongoing with four drillholes remaining
to be completed and assayed.

Overall the drilling results on the Derryhennet sub area of the Clay Lake gold
target indicate potential for high tonnage and gold content.

Further results will be reported in due course.

This release has been approved by Kevin McNulty PGeo, who is a member of the
Company's technical staff and holds a BSc/MSc in Geology and Remote Sensing, in
accordance with the guidance note for Mining, Oil & Gas Companies issued by the
London Stock Exchange in respect of AIM Companies, which outlines standards of
disclosure for mineral projects.

Professor Richard Conroy, Chairman, commented:

"The step out drilling programme on the Derryhennet section of the Clay Lake
gold target is highly encouraging with additional wide zones of gold
mineralisation intersected further indicating the overall gold potential of the
Clay Lake gold target".

For further information please contact:

Conroy Gold and Natural Resources plc  Tel: +353-1-479-6180
Professor Richard Conroy, Chairman
Allenby Capital Limited (Nomad)        Tel: +44-20-3328-5656
Nick Athanas/Nick Harriss
Peterhouse Capital (Broker)            Tel:+44-20-7469-0930

Duncan Vasey                           Tel: +44-20-3290-0707

Lothbury Financial Services
Michael Padley
Hall Communications                    Tel: +353-1-660-9377
Don Hall

Visit the website at: www.conroygold.com


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