CDG Conroy Diam&Gld

    13 February 2006

                    Conroy Diamonds and Gold plc ("Conroy")                    

                     CONROY RECEIVES POSITIVE RESULTS FROM                     

                        FIVE OF SIX NEW TARGETS SAMPLED                        

                          ON ARMAGH-MONAGHAN GOLDBELT                          

  * Deep Overburden Testing Show Targets 5 & 6 Form Single Area 1km By 500m
   
  * Follow-Up Sampling Required To Define Periphery Of Target Area
   
Conroy Diamonds and Gold Plc is pleased to announce further positive results
from its ongoing programme of closely-spaced deep overburden sampling on the
ten targets first announced last April on its Longford-Down Massif licences in
the north of Ireland. Six of the ten targets, originally defined by shallow
soil geochemistry, have now been sampled in this way, and five have returned
positive gold results.

The latest sampling, mostly to bedrock, encountered anomalous gold over wide
areas with values of up to 172 parts per billion ("ppb") gold returned from
Target 5 and a peak value of 334ppb from Target 6. Background values in this
area are typically less than 4ppb gold, and 10ppb is considered anomalous.

Conroy says it now believes that these two targets constitute a single anomaly
which measures approximately 1,000m by 500m. The company also reports that some
of the anomalous results occur at the periphery of the target areas, and
further follow-up sampling will be required to fully define the extent of the
combined Target 5/6 area.

All of the targets sampled to date have a spatial relationship with the Orlock
Bridge Fault, which is believed to be a controlling factor on gold
mineralisation within the Company's licences.

The ten new targets lie within a 20km� section of the Armagh-Monaghan Gold Belt
that also includes the Company's Tullybuck-Lisglassan and Glenish gold
discoveries. The targets are regarded as being highly prospective because they
relate to intersections of deep-seated lineaments along the Orlock Bridge
Fault. Such lineaments are particularly important as major gold deposits
elsewhere in the world frequently form on or close to such structures.

To date, the Armagh-Monaghan Gold Belt has been outlined over an area of about
60km2. This represents less than 5% of the Company's total licence area in the
Longford-Down Massif.

Further Information:

Professor Richard Conroy, Chairman Conroy Diamonds and Gold Plc.

Tel: 00-353-1-661-8958

Charles Dampney, City Capital Securities Ltd.

Tel: 020-7822-7107

Ron Marshman/John Greenhalgh, City of London PR Limited.

Tel: 020-7628-5518

Visit website at: www.conroydiamondsandgold.com



END

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