CDG Conroy Diam&Gld

    8 December 2008

                         Conroy Diamonds and Gold Plc                          

                          ("Conroy" or "the Company")                          

                                   AIM: CDG                                    

              AGM statement and results of annual general meeting              

                 CONROY CHAIRMAN HIGHLIGHTS ONE MILLION OUNCE                  

                  CLONTIBRET GOLD RESOURCE AT ANNUAL MEETING                   

  * "A Minimum Figure That Will Grow As Our Exploration Progresses"
   
  * Basis For Conceptual And Pre-Feasibility Studies To Be Initiated
   
  * Further Gold Targets Along Trend
   
"Our main focus in the past year has been the ongoing assessment and evaluation
of our Clontibret gold target in Co Monaghan where we have established a gold
resource of over 1 million ounces", Conroy Chairman, Professor Richard Conroy
told the annual meeting today.

For the past several years, the AIM-listed Company has expressed a firm belief
that its exploration results continue to point to the possibility of a new gold
province on its Irish licences, and the progress achieved in the past year has
only strengthened this belief, he said.

The highlight of 2008, announced shortly after the financial year-end, was
confirmation that indicated and inferred resources of more than 1 million
ounces of gold had been outlined at relatively shallow depth at Clontibret.
These resources, comprising a combination of narrower high-grade lode zones and
a more extensive lower grade stockwork, are confined to only one fifth of the
total target area at Clontibret, and infill drilling is expected to increase
both the size and grade of this resource.

"We are also confident that drilling in the remaining four fifths of the
Clontibret target will add at least as much gold as we have already discovered.
In addition, it is worth noting that the mineralisation remains open at depth.
Furthermore a series of other gold targets along trend have been discovered by
your Company some of which have a larger surface area than Clontibret"

"You may also recall that last month we announced an unexpected discovery at
Clontibret, made during the drilling of a hole to confirm the presence of the
stockwork at depth. This hole intersected four previously unknown gold lode
zones which overlie the stockwork and extend into a new area some 50m east of
the previously discovered gold lodes. This confirms that the lode structures
extend beyond the area already delineated at Clontibret, as we have previously
suggested."

"We believe that one million ounces should be regarded as a minimum figure that
will grow as our exploration effort continues. It does, however, provide a
basis on which conceptual and pre-feasibility studies can be initiated as part
of the process leading to mine development The Company is considering all its
options and opportunities in the light of the current financial climate and
looks forward to continued progress at Clontibret and its other licences."

All Resolutions were passed at the Annual Meeting.

Further Information:

Conroy Diamonds and Gold Plc                             Tel: 00 353 1 661 8958
                                                                               
Professor Richard Conroy                                                       
                                                                               
John East & Partners Limited                                 Tel: 020 7628 2200
                                                                               
Jeffrey Coburn                                                                 
                                                                               
City Capital Corporation Limited                             Tel: 020 7842 5867
                                                                               
Charles Dampney                                                                
                                                                               
Lothbury Financial Limited                                   Tel: 020 7011 9411
                                                                               
Ron Marshman / Michael Padley                                                  

Visit website at: www.conroydiamondsandgold.com Conroy Share Price



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