Company Information for Conroy Diamonds and Gold Plc

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Company Statement

The primary objective of the Company is to discover and bring into production one or more gold deposits in Ireland and Finland.

The Company's exploration programme in Ireland is focussed on the Longford-Down Massif. The Company at an early stage recognised the significant gold potential of the Massif. It is engaged in active exploration there which has already led to the discovery of a series of gold targets along a 30 mile (50km) strike length stretching from County Armagh across to Counties Monaghan and Cavan.

At the most advanced of these targets, Clontibret in County Monaghan, a mineral resource of over 1 million ounces of gold (Indicated 440,000 ounces, Inferred 590,000 ounces) has been estimated for an area representing less than 20 per cent of the target. Drilling has commenced in the remaining 80 per cent of the Clontibret target anomaly, which is expected to further increase this resource. This is the largest gold resource reported to date in Ireland or the UK.

The Company has also acquired licences in Finland's Central Lapland Greenstone Belt, which it believes to be highly prospective for gold and has an ongoing exploration programme there.

The principal officers of Conroy Diamonds and Gold previously founded and managed Conroy Petroleum and Natural Resources. This Company discovered and developed significant base metal ore bodies at Galmoy in Ireland, now in production as a major zinc mine, and was also part of the consortium which discovered the large Pogo gold deposit in Alaska.

The Company is pleased to have acheived its initial target of over 1 million ounces of gold, in an area amounting to only 20 per cent of one of a series of gold targets which it has identified in the Longford-Down Massif. Conroy Diamonds and Gold believes that its exploration programmes in Ireland and Finland will lead to the discovery and development of economic gold deposits.

Current Operations

Ireland
The Company's gold exploration programme in Ireland is focussed on a geological structure known as the Longford-Down Massif. The Company recognised the significant gold potential of the area and has identified a series of gold targets the lying along a 30 mile (50km) strike length stretching across Counties Armagh Monaghan and Cavan.  The targets are associated with the NE-SW trending Orlock Bridge Fault.

Clontibret, the site of an old antimony mine, is the first of three major gold targets (Clontibret, Clay Lake and Glenish) to be explored in detail by the Company. The Clay Lake and Glenish targets which are located close to Clontibret were initially identified through an extensive soil sampling programme. Bedrock gold was later confirmed by trenching and drilling.

The Company is also exploring two target areas lying some miles to the South-East of Clontibret. These are the Slieve Glah target which is associated with a bend in the Orlock Bridge Fault and the Central Structural Area, identified by Landsat ETM, SRTM and airborne geophysics. 90 per cent of the Company's licences in the Longford-Down Massif have now been covered by airborne geophysics.

The Longford-Down Massif
The Company’s gold licence area lies in a geological region referred to as the Longford–Down Massif.
The Massif represents the north-west sedimentary arc of the Caledonian Iapetus Ocean, with the Ordovician/Silurian rocks of the Leinster zone representing the south-east arc of the Iapetus. The two zones are separated by the Orlock Bridge Fault, which is believed to be the suture marking the line of closure of the Iapetus.

Main Targets
Exploration work by Conroy within the north-easterly trending Longford-Down Massif has resulted in the discovery of three major gold target areas as shown from NE to SW on the map below:

1. The Armagh-Monaghan Gold Targets:

These include:

• The Clontibret Target:
  comprising Tullybuck-Lisglassan, Ballygreany, Corcaskea and Fintully prospects
• Clay Lake Target:
  comprising Tivnacree and Cargallisgorran prospects
• Glenish Target

There are also two smaller prospects within this region being investigated - Rackwallace and 'Braddocks and Downs'.
2. Central Structural Zone Gold Targets:
3. Slieve Glah Gold Target.

Finland
Conroy Diamonds and Gold is also actively exploring for gold in the Central Lapland Greenstone Belt. The Company's main area of interest lies on the Sodankyla Shear Zone, a region defined by a NW-SE trending thrust fault.

Sodankyla - Proven Gold Potential:
Till sampling values in current licence areas up to 117ppb Gold. Drilling by Conroy has proven the presence of a sulphide-rich hydrothermal system.

Active Mining in the Region:
Conroy's interests lie on the same NW-SE trend and in similar terrain to the major Pahtavaara Gold deposit and Agnico-Eagle's 3 million oz Kittila mine at the Suurikuusikko deposit to the North-West.

Geographical Spread

Longford-Down Massif in Ireland.

Central Lapland Greenstone Belt in Finland.

Board of Directors and Key Management

Professor Richard Conroy	(Chairman)
Maureen T A Jones	(Managing Director)
James P Jones FCA	(Finance Director)
Louis J Maguire	(Non-Executive)
Seamus P FitzPatrick	(Non-Executive)
Michael E Power	(Non-Executive)
Henry H Rennison	(Non-Executive)
C. David Wathen	(Non-Executive)

Company Address 10 Upper Pembroke Street Dublin, Ireland Telephone: +353 1 661 8958 Facsimile: +353 1 662 1213 Email: info[at]conroydiamondsandgold.com Website: http://www.conroydiamondsandgold.com

Additional Address/Key Contact Kevin W. McNulty PGeo (Senior Geologist) Dr. Stephen C. Grimmer (Senior Geologist)

Capital Shares (Issued & Outstanding); 105,688,297 (July 2007)

Annual General Meeting December

Year End 31 May

Nominated Brokers City Capital Corporation Limited

Nominated Advisors John East & Partners Limited

Major Shareholders

Conroy P.l.c	19,294,286	18.26%
Professor Richard Conroy	9,250,020: 8.75%
Gartmore Fund Managers Limited	14,027,185	13.27%
Mr Bruce Rowan	10,450,000	9.89%

Related News

01/07/09 - Conroy Adds Zinc And More Gold To The Assembly Of Minerals Present On Its Extensive Irish Exploration Licences
06/03/09 - Conroy Diamonds And Gold Could Be Sitting On 20 Million Ounces Of Gold On The Longford-Down Massif In Ireland
22/07/08 - Conroy Hits A Million Ounces And Has Still Barely Scratched The Surface
28/01/08 - Slow and Steady Wins the Race for Conroy Diamonds and Gold

Most Recent Statement

04/06/09 - Zinc discovery to South of Clay Lake Gold Anomaly
23/02/09 - Potential For 15-20M Ounces Of Gold On Irish Licences Suggested By In-House Conceptual Studies
05/02/09 - New gold-in-soil anomaly discovery
08/12/08 - AGM Statement & Result of AGM
25/11/08 - Unexpected new discovery at Clontibret
24/11/08 - Further re: Related Party Transaction