Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development company focused on Ireland and Finland, announces that it has received notice to exercise warrants over a total of 60,000 ordinary shares of EUR0.001 each ('Ordinary Shares') at an exercise price of 35 pence per Ordinary Share (the 'Warrant Shares'), for which funds of GBP21,000 have been received by the Company.

The warrants (the 'Financing Warrants') were issued as part of the fundraising announced by the Company on 11 August 2020. The proceeds from the exercise of the Financing Warrants will be used by the Company for general working capital purposes.

The Company has today, in accordance with the terms of the fundraising announced on 11 August 2020, issued additional warrants to the warrantholder who has exercised warrants. The warrantholder has been issued with warrants to subscribe for 60,000 new ordinary shares in the Company at a price of 100 pence per ordinary share (the 'Super Warrants'). The Super Warrants expire on 11 August 2022.

An application has been made for the Warrant Shares to be admitted to trading on the AIM market of the London Stock Exchange with effect from 14 January 2021 ('Admission').

In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that on Admission the Company's enlarged issued ordinary share capital will comprise 32,319,705 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury.

Contact:

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