Half-yearly Report

Details

Company Name:	Conroy Diamonds and Gold plc
Ticker:	CDG
Date Posted:	Thursday, 25th February 2010
Price:	4.56 (as of Wednesday, 24th February 2010)

Conroy Diamonds and Gold Plc (AIM: CDG), the gold exploration and development company primarily focused on Ireland, announces its results for the six months ended November 30, 2009.

Highlights:

* Clay Lake sampling returns highest gold-in-soil values recorded by Company    on its Irish exploration licences

* Follow-up chip sampling in stream bed identifies 18m wide zone of gold mineralisation

* Large, coherent zinc-in-soil anomaly outlined to south-east of Clontibret

* Company raised Euro830,071 by share placings

* Retained loss for the year Euro183,126 (2008: loss Euro202,464)

Post Period

* Wardrop Engineering appointed to undertake Clontibret scoping study

* First drilling at Clay Lake returns good results, including 63m grading 0.62g/t gold

* Company lists on Irish Enterprise Exchange (IEX)

Professor Richard Conroy, Chairman, commented:

"We are now moving beyond the exploration phase at Clontibret and Wardrop Engineering has commenced a scoping study to determine if the current JORC-compliant resource of just over one million ounces of gold can support a profitable mining operation. We are also making excellent progress at Clay Lake, with impressive first drilling results, whilst the discovery of a very large zinc-in-soil anomaly south-east of Clontibret brings a new dimension to our activities in this area.

However, our prime focus remains the delineation and development of our gold projects with the 30 mile long gold trend we have identified."

Chairman's Statement

I am pleased to report on the activities of your Company for the six months ended 30 November 2009, a period during which the gold price improved steadily, before reaching a new peak of over US$1,200/oz at the beginning of December 2009. Base metal prices also showed a welcome recovery in the period under review.

In terms of the wider stock market, the FTSE Index of AIM shares improved by over 50 per cent. from the lows reached in the first quarter of the year. Your Company's shares participated in this price recovery and we were able in the period to add to our cash resources through share subscriptions and placings.