REG-Conroy Gold & Natural Resources Plc: Exploration and Business Update

Conroy Gold and Natural ResourcesAnnouncement

20/03/2019 07:05

20 March 2019

Conroy Gold and Natural Resources plc

(“Conroy Gold” or “the Company”)

Exploration and Business Update

Conroy Gold and Natural Resources plc (AIM:CGNR), the gold exploration and
development company focused on Ireland and Finland, is pleased to announce
that its 2019 drill programme will commence shortly on the 65 km (40 mile)
gold trend that the Company has discovered in the Longford-Down Massif in
Ireland where the Company has, at Clontibret, a JORC resource of 517,000 oz Au
and estimated in the overall Clontibret, Clay Lake, Glenish area, an
Exploration Target of a further 8.8M oz Au (as previously announced by the
Company on 2 August 2018).

The 2019 drill programme will initially focus on the South Western, or Slieve
Glah area, of the gold trend, approximately 40 km southwest of Clontibret.
This is both to follow up on encouraging deep overburden and trenching results
and to fulfil work commitments on the relevant licences.

At Slieve Glah the Orlock Bridge Fault, a major geological structure along
which the gold trend lies, undergoes a significant strike swing. Such strike
swings can act as focal points for mineralisation and gold-in-soil
geochemistry suggests that there are a series of large (3km long) gold
targets.

Slieve Glah is regarded by the Company as a large and very promising target
area which adds further to the prospectivity of the Company’s 700km(2)
licence area.

Conroy Gold is also pleased that the Company’s booth at the 2019 Prospectors
and Developers Association Conference ("PDAC") attracted a high degree of
interest from representatives of the mining industry who were not only made
aware of the Company’s major gold prospects in Ireland but also of the
Company’s openness to joint venture discussions.

The Irish Minister for Mines, Mr. Sean Canney T.D., who attended the
Conference, visited the Company’s booth accompanied by members of his
department. Minister Canney confirmed the Irish Government’s positive
attitude towards mining.

Ireland now ranks 4th for mining policy perception in the prestigious Fraser
Institute Ratings.

The Company also gave a presentation at the Conference. A copy of this
presentation is available on the Company’s website at
http://www.conroygoldandnaturalresources.com/sites/default/files/Conroy%20Gold%20Presentation%20PDAC%202019.pdf

Professor Richard Conroy, Chairman of Conroy Gold, commented:

"Following on from the excellent results of the 2018 drilling programme, I
look forward to the new 2019 drill programme.

I was extremely pleased at the degree of interest shown by the industry in the
Company at the recent PDAC mining conference. I also look forward to possible
joint venture initiatives arising from our presence at the conference."

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                                     
 Brandon Hill Capital Limited (Broker)  Tel: +44-20-3463-5000  
 Jonathan Evans                                                
 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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