Conroy Gold and Natural Resources plc

("Conroy" or "the Company")

Initial Results of Metallurgical Test Work Positive

8 January 2013
Conroy Gold and Natural Resources plc (AIM:CGNR; ESM:CGNR.I), the gold exploration and
development company focused on Ireland where it plans to develop a gold mine at Clontibret in Co. Monaghan, is pleased to announce that the first results of the Metallurgical test work have been received and were positive.
These results relate to the Comminution test work being undertaken by Goldfields Limited ("Goldfields") including grinding, crushing and other factors in relation to mill design. The test work undertaken included Bond Rod Work Index (BRWi), Bond Ball Work Index (BBWi), Bond Abrasion Work Index (Ai) and SAG Mill Comminution Test (SMC). The latter was carried out on behalf of Goldfields by JKTech which specialises in SAG Mill techniques.
The Abrasion Index was lower than anticipated and the ore is harder. The test sample was classified in the SMC test by JK Tech as being moderately hard.
The results suggest that either a combination of Semi-Autonomous Grind ("SAG")/Ball Mill or "HPGR"/ Ball Mill or a larger Ball Mill for the process plant be considered. Preliminary indications are that a "SAG"/Ball Mill combination may be the preferred choice.

Commenting today, Chairman, Professor Richard Conroy said:

"We are delighted to receive the first results of the Metallurgical studies. This is a further important step in our planned development of a gold mine at Clontibret in Co. Monaghan. The test work is continuing and these results on the Comminution studies will be followed by results from the Flotation test work."

For further information please contact:

Conroy Gold and Natural Resources plc Tel: +353-1-661-8958

Professor Richard Conroy, Chairman

Merchant Securities Limited (Nomad) Tel: +44-20-7628-2200

Simon Clements/Virginia Bull

Hybridan LLP (Joint Broker) Tel: +44-20-7947-4350

Claire Noyce/Deepak Reddy

Shore Capital Stockbrokers Limited (Joint Broker) Tel: +44-20-7408-4050

Jerry Keen/Bidhi Bhoma/Toby Gibbs

IBI Corporate Finance Limited (ESM Adviser) Tel: +353-766-234-800

Brian Farrell

Lothbury Financial Services Limited Tel: +44-20-3440-7620

Michael Padley/Michael Spriggs

Hall Communications

Don Hall

Te/: +353-1-660-9377

Visit the website at: www.conroVQoldandnaturalresources.com

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