CGNR.L

Conroy Gold & Natural Resources Plc
Conroy Gold & Natural Resources Plc - New Gold Discovery
22nd February 2023, 07:00
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                                                               22 February 2023

                     Conroy Gold and Natural Resources plc

                       ("Conroy Gold" or "the Company")

       NEW GOLD DISCOVERY: NATIVE GOLD: ASSAY RESULTS OF UP TO 123.0 G/T

  * Discovery of new area of gold mineralisation in Longford - Down Massif

  * Visible (native) gold

  * Assay results of up to 123 g/t gold returned in quartz breccia samples

Conroy Gold and Natural Resources PLC (AIM: CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce the
discovery of a new area of gold mineralisation in the Longford-Down Massif in
Ireland. Visible (native) gold is present. Quartz breccia samples returned
assay results of up to 123.0 g/t gold. The exploration programme is being
carried out in conjunction with the Company's joint venture partner, Demir
Export A.?.

The discovery was made during prospecting over the Company's Mines Royal
(Newtownhamilton) option area in County Armagh in Northern Ireland. The
discovery location is south of the Company's Mines Royal (Keady) option area,
which contains the Company's Clay Lake gold discovery.

Visible gold was observed at two locations within the new discovery area.

Assay results, from five quartz samples, located on or close to the surface,
returned values of 123.0 g/t Au, 76.7 g/t Au, 44.1 g/t Au, 35.2 g/t Au and 12.8
g/t Au, respectively. The assay results of 123.0 g/t Au, 76.7 g/t Au and 44.1 g
/t Au are the highest gold assay results returned since the Company began
exploration in the Longford-Down Massif. All samples were analysed by ALS (OMAC
Laboratories), Loughrea, using 30g fire assay fusion with gravimetric finish
(method code Au-GRA21).

A trenching and drilling programme is planned to follow up on the discovery and
to enable the Company to better assess and understand the mineralisation in the
area.

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:

"This new discovery is potentially a transformational event for gold
exploration and development in this very large gold district. The presence of
visible gold and the outstanding gold grades of up to 123g/t gold (4oz/t gold)
in these initial samples are exceptional and, taken in conjunction with the
Company's other significant discoveries, indicate the potential for the
district to become a Tier 1 gold area."

For further information please contact:

Conroy Gold and Natural Resources PLC                Tel: +353-1-479-6180

Professor Richard Conroy, Chairman

                                                     Tel: +44-20-3328-5656
Allenby Capital Limited (Nomad)

Nick Athanas/Nick Harriss


First Equity Limited (Broker)                        Tel: +44-20-7330-1883
Jason Robertson

Lothbury Financial Services                          Tel: +44-20-3290-0707

Michael Padley

Hall Communications                                  Tel: +353-1-660-9377

Don Hall

Visit the website at: www.conroygold.com

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