The discovery lies approximately 7Km Southwest of the Company’s Glenish gold target in Co. Monaghan and 14Km South west of Clontibret where the Company proposes to develop its first gold mine in the area.

The discovery is located within the 30 mile (50Km) gold trend that the Company has outlined and its position, Southwest of the Company’s Glenish gold target and Northeast of the Company’s Slieve Glah gold target, adds further evidence as to the continuity of this gold trend. This gold trend runs from County Armagh in Northern Ireland across Counties Monaghan and Cavan in the Republic of Ireland. The trend lies along the major geological structure known as the Orlock Bridge Fault.

Four gold-in-soil samples in the anomaly were above 20ppb gold and a further five above 10ppb gold. The anomaly will be further investigated but from the Company’s experience such levels of gold-in-soil samples have tended to be associated with gold-in-bedrock. The anomaly remains open on its Northern side.

Conroy Gold chairman Richard Conroy said: "This discovery confirms the gold potenti al of the Company’s licences in the area lying between the Company’s existing gold targets to the North west at Clay Lake, Clontibret, where a mine is being developed, and Glenish, as well as those to the S outh at Slieve Glah."