29 January 2024

[2011 Jan 28 CGNR Logo]

Conroy Gold and Natural Resources PLC

("Conroy Gold" or "the Company")

SCOUT DRILLING RESULTS ON FOUR GOLD EXPLORATION TARGETS

  · Further demonstration that the Clontibret gold deposit is open in all
directions

  · Gold-in-bedrock assayed in Corraweelis (Slieve Glah) gold target

  · Understanding of Creenkill gold target further enhanced

Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to announce assay
results from a series of scout drill holes on four gold targets- Corcaskea,
Corraweelis and Dunraymond in the Orlock Bridge gold trend and Creenkill in the
Skullmartin gold trend. The ongoing drilling programme is being carried out in
conjunction with the Company's joint venture partner, Demir Export A.Ş ("Demir
Export").

The Company's licenced areas over the Orlock Bridge and Skullmartin gold trends
now cover an area in excess of 1,000km2. Geophysics and geochemical sampling
have shown a series of targets over both gold trends. These targets require
follow up exploration including scout trenching and/or scout drilling. A scout
drill hole is a drill hole used to ascertain the presence of mineralisation or
to explore an area in a preliminarymanner.

Orlock Bridge Gold Trend: Corcaskea Gold Target

The scout drilling programme at the Corcaskea gold target, which forms part of
the overall Clontibret gold target, consisted of three holes for a total of
666.2 metres.

The drilling intersected gold outside the current Clontibret resource area and
to depth which demonstrates that the Clontibret resource is still very much open
in all directions. The drilling is approximately 200 metres north from a
previous drill hole which intersected 8.3 g/t gold over 0.5 of a metre (as
announced by the Company on 2nd February 2023).

+----------+----------+-----------+--------+
|Hole Id   |Length (m)|Grade (g/t)|From (m)|
+----------+----------+-----------+--------+
|COR-23-001|1.4       |0.7        |  45.9  |
+----------+----------+-----------+--------+
|COR-23-003|1.0       |0.4        |154.0   |
|          |          |           |        |
|          |2.5       |0.6        |199.0   |
+----------+----------+-----------+--------+

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

A series of shallow dipping mineralised lode structures have been interpreted at
Corcaskea which is different to the lode structures at the Clontibret deposit
which are relatively steep dipping. Some of the mineralised lode structure
intersected in the recent drilling suffered from poor core recovery particularly
the 1.4m @ 0.7 g/t Au from 45.9m which recorded less than 45% recovery.

Orlock Bridge Gold Trend: Corraweelis Gold Target

The scout drilling programme at the Corraweelis gold target, which lies within
the overall Slieve Glah gold target area, consisted of two holes for a total of
544.7 metres.

The programme was designed around a deep overburden sampling programme which
gave highly anomalous gold values. 81 deep overburden samples were previously
collected of which 28 samples recorded assay results above 10ppb Au, with 14
samples returning assay results greater than 100 ppb Au. Two samples of 1,160
ppb Au (1.16 g/t Au) and 1,425 ppb Au (1.425 g/t Au), respectively, were
previously recorded at the Corraweelis gold target (as announced by the Company
on 23rd March 2023).

The Corraweelis target area is over a 1km northeast from previous drilling and
1.5km northeast from drill hole SG-01-08 which intersected 1.0m @ 1.5 g/t gold
from 94.0m.

+-----------+----------+-----------+--------+
|Hole Id    |Length (m)|Grade (g/t)|From (m)|
+-----------+----------+-----------+--------+
|3130-23-001|1.0       |0.4        |122.0   |
|           |          |           |        |
|           |1.2       |0.3        |146.9   |
|           |          |           |        |
|           |1.0       |0.3        |157.0   |
+-----------+----------+-----------+--------+
|3130-23-002|1.0       |0.3        |129.0   |
|           |          |           |        |
|           |1.0       |0.3        |138.0   |
+-----------+----------+-----------+--------+

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

These drill hole results are the first gold-in-bedrock intersections in the
Corraweelis gold target area. The Corraweelis gold anomaly extends over a length
of 500m which is still open at both ends and is 200m wide. Both drill holes
crossed the width of the gold anomaly, one on the very south-western end and the
other on the north-eastern portion.

Orlock Bridge Gold Trend: Dunraymond Gold Target

A drilling programme consisting of two holes (3028-23-001 and 3028-23-002) for a
total of 582.6 metres at the Dunraymond gold target, which lies within the
overall Glenish gold target, has also been completed.

The drilling tested interpreted structures within a large (550m by 600m) deep
overburden geochemical gold anomaly which has previously been identified at
Dunraymond through 363 deep overburden samples, collected on a c.50m grid basis.
These samples included gold values of up to 447 ppb Au (as announced by the
Company on 4th September 2023).

The drill holes were located over 700m from the previous drilling (Drill hole
GL10) in Glenish, which gave assay results of 2.3m @ 2.7 g/t gold from 18.0m,
and over 750m from an outcrop where the Company intersected 1.0m @ 9.4 g/t gold.

Drill hole 3028-23-001 tested the large Glenish fault zone within the
geochemical gold anomaly and intersected it from 179.4m to 233.6m, i.e. the end
of the drill hole, giving a 54.2m intersection. Only minor mineralisation was
associated with this fault zone. Analytical results are awaited for sampling on
drill hole 3028-23-001.

Drill hole 3028-23-002 was drilled within the geochemical gold anomaly and
targeted on a linear feature. This linear feature has been shown to be a large
dyke which was encountered from 136m to 147.1m (11.1m intersection).

Skullmartin Gold Trend: Creenkill Gold Target

Scout drilling has continued at the Creenkill gold target with an additional
seven holes for a total of 1,094.9 metres completed. These drill holes have
added significantly to the geological understanding of the Creenkill gold
target.

To date the Company has identified three distinct occurrences for the gold
mineralisation within the Creenkill gold target. The first was identified in an
outcrop of quartz breccia with disseminated visible gold and which has yielded
assay results of up to 123.0 g/t gold. The second occurs in a quartz vein with
values up to 2.7 g/t gold. The third occurrence is in a fault gouge where
channel sampling previously returned assay values of 1.7 g/t gold.

The Creenkill gold target, though at an early stage of understanding, is
particularly exciting as it is now seen to form part of the newly identified
24km (15 miles) Skullmartin gold trend which itself is still open along strike
and lies parallel to, and south of, the Orlock Bridge Fault Zone.

+---------+----------+-----------+--------+
|Hole Id  |Length (m)|Grade (g/t)|From (m)|
+---------+----------+-----------+--------+
|C3-23-005|0.5       |2.4        |47.7    |
+---------+----------+-----------+--------+
|C3-23-007|0.5       |0.3        |52.5    |
|         |          |           |        |
|         |0.5       |0.5        |273.0   |
+---------+----------+-----------+--------+
|C3-23-008|0.3       |0.3        |65.5    |
+---------+----------+-----------+--------+

          (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).

To gain further understanding of the gold deportment, a further 15 coarse reject
samples from Creenkill underwent additional analysis with assay method Au-SCR24.
The 0.5m @ 2.4 g/t Au sample (hole CS-23-005) returned a similar total gold
value, however there was a significant component in the plus 100 micron fraction
which assayed 15.0 g/t Au indicating a coarse gold environment.

Work on the Creenkill gold target continues to enhance the Company's knowledge
of this area where we have visible gold and grades of up to 123 g/t Au and which
forms a key part of the newly identified 24km (15 miles) Skullmartin gold trend.

The Orlock Bridge and Skullmartin gold trends in the Longford-Down Massif in
Ireland were discovered by the Company and both are district scale gold trends.
The Orlock Bridge gold trend extends for over 65km while the newly discovered
Skullmartin gold trend extends for over 24km.

A total of 2921.4m and 14 drill holes have been completed in the above scout
drilling programme.

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:

"I am very pleased that the Joint Venture has enabled the Company to carry out
an extensive scout drilling programme which has added considerably to our
knowledge of the geology and mineralisation of the two district scale gold
trends which the Company has discovered."

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 Limited (Broker)    Tel:+44-20-7469-0930

Lucy Williams / 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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