The information contained within this announcement is deemed by the Company to 
    constitute inside information as stipulated under the Market Abuse Regulations 
                              (EU) No. 596/2014 ("MAR").                           

                                                                    10 January 2017

                         Conroy Gold and Natural Resources plc                     

                              ("Conroy" or "the Company")                          

                                  Holdings in Company                              

    Conroy Gold and Natural Resources plc (AIM: CGNR, ESM: CGNR.I), the gold
    exploration and development company focused on Ireland and Finland, announces
    that earlier today it was informed that Patrick O'Sullivan has purchased
    100,000 ordinary shares of €0.001 in the Company ("Ordinary Shares"). Mr
    O'Sullivan is now interested in 2,757,036 Ordinary Shares, equal to
    approximately 25.03 per cent. of Company's issued share capital.

    For further information please contact:

    Conroy Gold and Natural Resources plc                    Tel:               
                                                             +353-1-661-8958    
                                                                                
    Professor Richard Conroy, Chairman                                          
                                                                                
    Allenby Capital Limited (Nomad)                          Tel:               
                                                             +44-20-3328-5656   
                                                                                
    David Hart/James Thomas/Nick Harriss                                        
                                                                                
    Hybridan LLP (Broker)                                    Tel: +44-20-3764   
                                                             2341               
                                                                                
    Claire Louise Noyce/Niall Pearson/William Lynne                             
                                                                                
    IBI Corporate Finance Limited (ESM Adviser)              Tel:               
                                                             +353-766-234-800   
                                                                                
    Ger Heffernan / Jan Fitzell                                                 
                                                                                
    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