REG-Conroy Gold & Natural Resources Plc: PROSPECTING LICENCES IN LONGFORD-DOWN MASSIF

Conroy Gold and Natural ResourcesAnnouncement

04/04/2022 07:15

4 April 2022

Conroy Gold and Natural Resources plc

(“Conroy Gold” or “the Company”)

PROSPECTING LICENCES GRANTED IN LONGFORD-DOWN MASSIF
* Three new Prospecting Licences granted
* Gold and base metal potential
* Licences to be transferred to Joint Venture Company
* Joint Venture holdings In Longford-Down Massif To Reach c.1,000km(2)
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and
development Company focused on Ireland and Finland, is pleased to announce it
has been granted three further prospecting licences, PL3131, PL4554 and
PL4559, in the Longford-Down Massif in Ireland covering an area of100 sq km
(39 sq miles).

Application for these prospecting licences was made prior to the completion of
the Joint Venture Agreement with Demir Export A.? (“Demir Export”), which
was announced by the Company on 31 March 2022.

It is intended that application will be made for the licences granted to be
transferred to Conroy Gold (Longford-Down) Limited, one of the Joint Venture
Companies established pursuant to the JV with Demir Export, which would bring
to fifteen the total number of licences held by the Joint Venture in the
Longford-Down Massif.

The licences granted are considered to have potential for both gold and base
metals and, when transferred, will bring the area held by the Joint Venture in
the Longford-Down Massif, on which a district scale gold trend extending over
65km (40 miles) has been discovered, to nearly 1,000km(2).

Professor Richard Conroy, Chairman, commented: 

“I am very pleased that these additional licences have been granted which
add considerable additional, and attractive, acreage for exploration in the
Longford-Down Massif where our Joint Venture with Demir Export is looking, at
Clontibret, to develop a gold mine and where we have announced a drilling
programme commencing later this month.”

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                                                                                                     
 First Equity Limited (Broker) Jason Robertson   Lothbury Financial Services  Tel: +44-20-7330-1883    T el: +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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