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Conroy Gold & Natural Resources Plc - Warrant Exercise

8 January 2021

(“Conroy Gold” or the “Company”)Conroy Gold and Natural Resources plc

Exercise of Warrants and Issue of Warrants

Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development company focused on and , announces that it has received notice to exercise warrants over a total of 60,000 ordinary shares of €0.001 each (“Ordinary Shares”) at an exercise price of per Ordinary Share (the “Warrant Shares”), for which funds of £21,000 have been received by the Company.IrelandFinland35 pence

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

The Company has today, in accordance with the terms of the fundraising announced on , 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 per ordinary share (the “Super Warrants”). The Super Warrants expire on .11 August 202011 August 2022100 pence

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 (“Admission”).14 January 2021

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.  Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA’s Disclosure Guidance and Transparency Rules.

For further information please contact:

Visit the website at:www.conroygold.com

Conroy Gold and Natural Resources plc       Tel: +353-1-479-6180

Professor , Chairman

Allenby Capital Limited (Nomad)             Tel: +44-20-3328-5656

/

Brandon Hill Capital Limited (Joint Broker) Tel: +44-20-3463-5000



First Equity Limited (Joint Broker)         Tel: +44-20-7330-1883


Lothbury Financial Services                 Tel: +44-20-3290-0707



Hall Communications                         Tel: +353-1-660-9377Richard ConroyNick AthanasNick HarrissJonathan EvansJason RobertsonMichael PadleyDon Hall

Quick facts: Conroy Gold and Natural Resources PLC

Price: -

Market: AIM
Market Cap: -
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