Issue of Equity

 
TIDMCDG 
 
22 April 2010 
 
                        Conroy Diamonds and Gold P.l.c. 
 
                          ("Conroy" or "the Company") 
 
                       Subscription to raise EUR2,172,276 
 
  * Subscription of 47,600,000 new ordinary shares at 4 pence per share to 
    raise EUR2,172,276 before expenses 
 
  * Proceeds of the subscription to be applied to accelerate technical studies 
    at Clontibret and the work programmes of the Company's other gold 
    discoveries 
 
Conroy Diamonds and Gold Plc (AIM:CDG; IEX:CDG.I) is pleased to announce that 
it has raised EUR2,172,276 (approximately GBP1,900,000) through a subscription 
("the Subscription") of 47,600,000 new ordinary shares at 4 pence per share 
("the Subscription Shares"). 
 
The subscriber is Kenglo One Limited, a privately owned company which has 
extensive interests and expertise in the global mining industry. Kenglo One 
Limited is wholly owned by Baccata Trustees Limited. 
 
Following the Subscription, the Company will have 190,464,487 ordinary shares 
in issue and Kenglo One Limited will hold 47,600,000 ordinary shares 
representing 24.99 per cent. of the enlarged issued share capital of the 
Company. 
 
The proceeds of the Subscription, amounting to approximately GBP1,900,000, will 
be applied primarily to fund its ongoing programmes at Clontibret (where it has 
previously delineated a 1 million ounce JORC compliant gold resource), the 
recently discovered large gold anomaly at the Clay Lake prospect (where Conroy 
has reported a 63 metre intersection of 0.62 g/t gold and 1 g/t silver) and for 
working capital generally. 
 
Application has been made to the London Stock Exchange and the Irish Stock 
Exchange for the Subscription Shares to be admitted to trading on AIM and IEX, 
respectively. Trading in the Subscription Shares is expected to commence on AIM 
and IEX on 27 April 2010. 
 
Commenting today, Chairman, Professor Richard Conroy said: 
 
"I am delighted to announce the Subscription which will enable the Company to 
accelerate the pace of work at Clontibret and at our other gold discoveries." 
 
Enquiries: 
 
Conroy Diamonds and Gold Plc 
 
Professor Richard Conroy, Chairman                              [phone] 
 
Merchant John East Securities Limited (Nomad) 
 
Simon Clements/Virginia Bull                                   [phone] 
 
IBI Corporate Finance Limited (IEX 
Adviser) 
 
John Tuite                                                      [phone] 
 
City Capital Corporation Limited 
(Broker) 
 
Charles Dampney                                                [phone] 
 
Lothbury Financial Services Limited 
 
Michael Padley/Michael Spriggs                                 [phone] 
 
Hall Communications 
 
Don Hall                                                        [phone] 
 
Further details on Conroy Diamonds and Gold can be found on its website at: 
www.conroydiamondsandgold.com 
 
Conroy Share Price 
 
 
 
END