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Conroy Diamonds and Gold
              Company Overview
              AIM : CDG IEX : CDG.I



    “The potential is clear, the possibilities exciting.
       I look forward to the future with confidence”
                Professor Richard Conroy – Chairman, Conroy Diamonds and Gold




          Image: The Bronze Age “Sun Disc”, County Monaghan, 2200‐2000BC. National Museum of Ireland
1

                                            www.conroydiamondsandgold.com
•   This Document comprises an institutional presentation (the “Presentation”) which has been prepared by and is the sole responsibility of Conroy Diamonds and Gold P.l.c (the
                 “Company”)
             •   The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance on this
                 promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.
             •   The information in this presentation is subject to updating, completion, revision, further verification and amendment without notice.
             •   This Presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the basis
                 of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever or constitute an invitation or inducment to engage in
                 investment activity under section 21 of the FSMA.
             •   Notwithstanding the above, in the United Kingdom, this Presentation is only being given to persons reasonably believed by the Company to be investment professionals within
                 the meaning of paragraph (5) of Article 19 or to high net worth companies or unincorporated associations within the meaning of paragraph (2) of Article 49 of the FSMA
                 (Financial Promotion) Order 2005 (SI 2005/1529), and the Proposed Offer will only be available to such persons who are also qualified investors within the meaning of section
                 86(7) FSMA purchasing as principal or in circumstances under section 86(2) FSMA. This Presentation is only being sent to persons reasonably believed by the Company to be
                 investment professionals or to persons to whom it may otherwise be lawful to distribute it. If you are not such a person (i) you should not have received this Presentation and
                 (ii) please return this Presentation to the Company’s registered office as soon as possible and take no other action. By accepting this Presentation the recipient represents and
                 warrants that they are a person who falls within the above description of persons entitled to receive this Presentation.
             •   This document has not been approved by an authorised person under Section 21 of the FSMA.
             •   The Presentation is not intended to be distributed, or passed on, directly or indirectly, to any other class of person and in any event under no circumstances should persons of
                 any other description rely or act upon the contents of this Presentation. This Presentation and its contents are confidential and must not be distributed or passed on, directly or
                 indirectly, to any other person. This Presentation is being supplied to you solely for your information and may not be reproduced, further distributed or published in whole or in
                 part by any other person.
             •   No representation or warranty, express or implied, is made or given by or on behalf of the Company, its advisers or any of their respective parent or subsidiary undertakings or
                 the subsidiary undertakings of any such parent undertakings or any of the directors, officers or employees of any such person as to the accuracy, completeness or fairness of the
                 information or opinions contained in this Presentation and no responsibility or liability is accepted by any person for such information or opinions. No person has been
                 authorised to give any information or make any representations other than those contained in this Presentation and, if given and/or made, such information or representations
                 must not be relied upon as having been so authorised. The contents of this Presentation are not to be construed as legal, financial or tax advice.
             •   The information has not been verified nor independently verified by the Company’s advisers.
             •   John East & Partners Limited ("JEP"), which is authorised and regulated by the Financial Services Authority, is the Company's nominated advisor for the purposes of the AIM
                 Rules. JEP's responsibilities as the Company's nominated advisor under the AIM Rules are owed solely to the London Stock Exchange plc and are not owed to the Company or to
                 any Director or any other person. JEP is acting for the Company and no one else and will not be responsible to any other person for providing the protections afforded to
                 customers of JEP nor for providing advice in relation to the arrangements described in this Presentation.
             •   The Company has not been, and will not be, registered under the United States Investment Company Act of 1940, as amended, and investors will not be entitled to the benefits
                 of that Act.
             •   Neither this Presentation nor any copy of it may be taken or transmitted into the United States of America or its territories or possessions (the "United States"), or distributed,
                 directly or indirectly, in the United States, or to any U.S Person as defined in Regulation S under the Securities Act 1933 as amended, including U.S resident corporations or other
                 entities organised under the laws of the United States or any state thereof or non‐U.S branches or agencies of such corporations or entities, except as permitted under the
                 Securities Act 1933 or to any U.S. Person to whom this Presentation may be lawfully distributed in reliance on an exemption from registration that is available under the
                 Securities Act 1933 and by persons authorized to do so, or into Canada, Australia, Japan, or South Africa. Neither this Presentation nor any copy of it may be taken or
                 transmitted into or distributed in Canada, Australia, Japan or South Africa, or any other jurisdiction which prohibits the same except in compliance with applicable security laws.
                 Any failure to comply with this restriction may constitute a violation of United States or other national securities law. The Company's ordinary shares have not been registered
                 under the Securities Act 1933.
             •   Forward‐Looking Statements. Information contained in this Presentation may include 'forward‐looking statements'. All statements other than statements of historical facts
                 included herein, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations
                 (including development plans and objectives relating to the Company's business) are forward‐looking statements.
             •   Such forward‐looking statements are based on a number of assumptions regarding the Company's present and future business strategies and the environment in which the
                 Company expects to operate in future. Actual results may vary materially from the results anticipated by these forward‐looking statements as a result of a variety of factors.
                 These forward‐looking statements speak only as to the date of this presentation and cannot be relied upon as a guide to future performance. The Company expressly disclaims
                 any obligation or undertaking to disseminate any updates or revisions to any forward looking statements contained in this Presentation to reflect any changes in its expectations
                 with regard thereto or any change in event, conditions or circumstances on which any statement is based
 2

Disclaimer                                                                                                                                 Conroy Diamonds and Gold
HIGHLIGHTS

     Conroy Diamonds and Gold is a natural resources company with advanced Gold
     interests in Ireland including ‐

             One Million+ Ounce Gold Resource at Clontibret
             Moving towards Mine Development ‐ Scoping Study Initiated

             Larger Targets ‐ Clay Lake and Glenish
             4½ miles on either side of Clontibret

             30 mile Gold Trend
             Within Company’s c.400 square mile Licence Area

             Potential for 15‐20m Ounces
             Suggested by In‐House Conceptual Studies

             Secured Land Position
             100% Licenced with Exclusive Rights to seek Mining Facilities

 3

Highlights                                                       Conroy Diamonds and Gold
Corporate Information

Share Price:            5.38p (January 29th, 2010)     Nominated Adviser:           Merchant John East Securities Ltd

Markets:                London Stock Exchange AIM       IEX Adviser:                IBI Corporate Finance Ltd
                        (Alternative Investment Market) London Stockbroker:         City Capital Corporation Ltd

                        Irish Stock Exchange IEX       Dublin Stockbroker:          Dolmen Butler Briscoe
                        (Irish Enterprise Exchange)
                                                       Auditors:                    Deloitte & Touche
Ticker:                 AIM:CDG, IEX:CDG.I

                                                        Major Shareholdings:
Market Cap:             £7.68m
                                                        Professor Richard Conroy:        21,083,353 (14.76%)
Ord. Shares in Issue:   142,864,487                     Conroy Plc*:                     19,294,286 (13.51%)
                                                        Gartmore Fund Managers:            9,885,000      (6.92%)
Registered Office:      10, Upper Pembroke Street,      t1ps Investment
                        Dublin 2, Ireland               Management Ltd:                    7,142,857      (5.00%)
                        (Registration No. 232059)       *Professor Conroy has a controlling interest in Conroy Plc




 4

Corporate Information                                                      Conroy Diamonds and Gold
Share Performance 2009/10


         Conroy Diamonds and Gold Plc
         London Stock Exchange (AIM) Data




                                            latest data available at www.londonstockexchange.com




 5

Share Performance 2009/10                                 Conroy Diamonds and Gold
Licence Area (CDG 100%)

     Conroy Diamonds and Gold’s licence area
     extends for c.1000km2 (400 square miles)
     from County Armagh in Northern Ireland
     across Counties Monaghan and Cavan in
     the Republic of Ireland.


      There is excellent infrastructure in the
      licence area encompassing a high
      quality road network, power supply
      and other facilities. The licence area is
      approximately 90 minutes by road
      from either Dublin or Belfast.



     The Company’s head office is in Central
     Dublin. Field and core facilities are
     located in Clontibret, County
     Monaghan.


                                                        map created in Google Maps

 6

Licence Area (CDG 100%)                           Conroy Diamonds and Gold
Location and Geology of Gold Targets




 7

Location and Geology of Gold Targets   Conroy Diamonds and Gold
Clontibret, Clay Lake and Glenish Targets




                                            Targets defined using Gold‐in‐soil Geochemistry
 8

Clontibret, Clay Lake and Glenish Targets                        Conroy Diamonds and Gold
Key Milestones 2006 ‐ 2010


  2006/07                  2008                    2009                     2010
    Airborne Geophysics      1 Million+ oz           Clay Lake Target          Clay Lake Drilling –
  flown over 90% of        JORC Resource at        Discovered – highest     First holes in target,
  Licence Area             Clontibret              gold‐in‐soil values to   310m of diamond
  (Proprietary and         @ 0.75 g/t cut‐off      date                     drilling
  Tellus)                  (representing a 70%
                                                     Zinc anomalies         Intersections ‐
                           increase on
                                                   identified to the        63m@0.62g/t Gold
    First JORC Resource    Resources at previous
                           cut‐off)                South of Clay Lake       & 1g/t Silver
  at Clontibret –
                                                   Target                   inc. 9m@1.48g/t Gold
  64,000oz indicated,
                            Four Additional                                 & 1g/t Silver
  500,000oz inferred                                 Gold confirmed in
  @ 1g/t cut‐off           High Grade Lode
                                                   bedrock at Clay            Clontibret ‐ Scoping
                           Zones at Clontibret
                                                   Lake Target              Study Initiated
   Increase of Indicated   brings total to 38
  Resource to 200,000oz




 9

Key Milestones 2006‐2010                                             Conroy Diamonds and Gold
Developments ‐ 2009/2010

        February 2009 – Clay Lake Gold Discovery – up to 1.53g/t in Soil
     Discovery of Gold Anomaly extending 2km by 1km (c.141 ha/350 acres). Grades averaging over 50ppb gold‐in‐soil, with
     six samples between 100ppb and 1,531ppb (1.53g/t). The surface area is greater than that of Clontibret (c.125 ha/310
     acres) and the gold‐in‐soil concentrations are twice the average of those recorded at Clontibret. Clay Lake is located in
     Co. Armagh, Northern Ireland, 4½ miles North‐East of Clontibret.

        October 2009 – Zinc‐in‐soil Anomaly – values up to 4,047ppm
     New zone of Zinc anomalies to the south of Clay Lake identified, with values up to 4,047ppm zinc‐in‐soil.


        January 2010 – First Drilling at Clay Lake – 63m@0.62g/t (inc. 9m@1.48g/t Au)
     Broad zone of gold mineralisation discovered at Clay Lake. Results are the first initial tests of the target using diamond
     drilling. 310m drilled in two inclined holes in the North‐West of the Target anomaly. Wide zone of mineralisation and
     quartz stockwork intersected. The 63m intersection also carried silver values of up to 2.5g/t.


        February 2010 – Wardrop commence Scoping Study at Clontibret 1m+ oz Resource
     Major Step towards Mine Development. The study will report using JORC standards and guidelines.
     Work will include Geology, including Regional Geology, Resource Review, Deposit Types and Mineralisation; Mine Plan
     and Production, Metallurgy and Plant Design, Infrastructure/Utilities and Ancillary Facilities, Mine Water and Waste
     Management, Capital and Operating Costs Estimates and Financial Analysis.


10

Developments ‐ 2009/2010                                                               Conroy Diamonds and Gold
Conceptual Studies Suggest 15 ‐ 20m Ounce Gold Potential

     The Company’s technical staff now believe, on the basis of the one million ounce gold resource outlined
     at Clontibret, the potential of the remaining 80 per cent of that target, the new discovery at Clay Lake
     and other large gold‐in‐soil anomalies that have been outlined elsewhere on the Company’s exploration
     licences in Ireland, that the total gold potential on these licences, although conceptual in nature, now lies
     in the 15‐20 million ounce range.
                                                                                              Clay Lake**
                                                              Clontibret
     Whilst there has been insufficient
                                                              1m+ oz Gold*
     exploration to date to define such a
     mineral resource, and there is no certainty
     that further exploration will result in a
     resource of this magnitude being realised,
     the directors believe that the potential is
                                                         Glenish**
     clear and the possibilities exciting.
                                                                                      T
                                                                                    UL
     Image: Magnetic survey over the Company’s                                E   FA
     licence area. The red to yellow colouration                        R IDG
                                                                    B
     shows the influence of the igneous intrusions ‐             CK
     a potentially significant control on                     LO
     mineralisation in this rich metalliferous area        OR                                          Area of Zinc Anomalies
     secured under licence, where a 50km (30 mile)
     gold trend has been established by the                                                       Newry Igneous Complex
     Company.
                                                                                          Slieve Glah**
                        Crossdoney Granite
                                                                                              * JORC Resource on 20% of target
                        known Cu & Molybdenum                                                 ** Gold Proven in Bedrock
11

Conceptual Studies Suggest 15‐20m Ounce Gold Potential                                    Conroy Diamonds and Gold
Clontibret 1m+ oz Gold Resource (20% of Target)
     Clontibret Is Conroy Diamonds and Gold’s Most Advanced Gold Target.
      Target Soil Anomaly c.125ha (310 acres)
      Gold intersections already established in remaining 80% of target ‐ remains to be fully tested
      Local Geology and Host Rock : Arenites (sandstones), and Argillites (shales) striking E/W, with
      prominent cross cutting faults striking NNE
                                                                   Gold mineralisation at Clontibret
                                                                   occurs in two styles within quartz/
                                                                   carbonate veins:
                                                                    High grade lode‐style mineralisation
                                                                    associated with a series of cross‐cutting
                                                                   (NNW trending) fault structures
                                                                    Disseminated gold, associated with
                                                                    sulphides in a stockwork zone largely
                                                                    within an arenite (sandstone) sequence

                                                                  The map shows contours of gold‐in‐soil. The red
                                                                  areas are above 10ppb which is anomalous for
                                                                  gold, the orange areas above 20ppb.

     Company is moving towards development of the Clontibret Resource
12

Clontibret                                                                 Conroy Diamonds and Gold
Wireframe Model of Orebodies in 20% of Clontibret


          38 Lode Zones – HIGH                                                  North
          GRADE – Up to 20g/t
          To date 38 Lode Zones up to 10m
          wide with grades of up to 20g/t
          have been identified,
          tracable from surface to depths of
          100‐200m
                                                                          800m




                                               Extensive Stockwork Zone
                                               Disseminated gold mineralisation is
                                               associated with sulphides, largely
                                               within an arenite sequence


13

Clontibret ‐ Wireframe Model                           Conroy Diamonds and Gold
Typical Lode Zone Intersections at Clontibret


  Typical Lode Zone Intersections :
  CDG8: 6.5m @ 7.56g/t
        inc. 3.2m @ 12.8g/t
  CDG3: 11m @ 4g/t
        5m @ 7.19g/t
  CDG10: 10.8m @ 2.49g/t
         inc. 1.25m @ 8.7g/t
              1.25m @ 5.7g/t
              2m @ 4.25g/t
  CDG6: 3m @ 5.56g/t
  CDG7: 2.7m @ 6.16g/t
  CDG2: 5.2m @ 3.05g/t
        3.5m @ 2.07g/t


                                           Core Facility and Drilling in County Monaghan

14

Clontibret ‐ Drilling                         Conroy Diamonds and Gold
1 Million+ Ounce Gold Resource at Clontibret

 The resource, which has been estimated on less than 20% of the target anomaly at Clontibret, at a
 0.75 g/t cut‐off, totals 25.0 million tonnes grading 1.28 g/t for 1,030,000oz gold contained.
 440,000 ounces are in the Indicated category, 590,000 in the Inferred.

                           Indicated :
                           Resource Tonnes (Mt)                       11 Mt
                           Grade @ 0.75g/t cut‐off                    1.24 g/t
                           Resource                                   440,000 oz
                           Inferred :
                           Resource Tonnes (Mt)                       14 Mt
                           Grade @ 0.75g/t cut‐off                    1.32 g/t
                           Resource                                   590,000 oz

                            Total Resource                            1,030,000 oz
                        Resources are reported in accordance with the JORC code and guidelines.

15

Clontibret ‐ Resource                                                    Conroy Diamonds and Gold
Clay Lake                                                     Co. Armagh, 7km (4½ miles) NE of Clontibret


     Anomaly measures 2km by 1km (141ha/350 acres) ‐ larger than Clontibret (125ha/310 acres)
     Best gold‐in‐soil values encountered to date ‐ double those recorded at Clontibret


                                                                              More than 80 soil samples
                                                                              collected, returning
                                                                              average gold‐in‐soil values
                                                                              of over 50ppb, with six
                                                                              greater than 100ppb and a
                                                                              highest value of 1,531ppb.
                                                                              Relative to known
                                                                              anomalous gold values in
                                                                              this terrain, these are very
                                                                              high

                                                                              Potential source of the
                                                                              Clay Lake Nugget found
                                                                              in the 1980s

     “This could be the Jewel in the Crown for the Company”
                                                    Professor Richard Conroy, Chairman, February 2009
16

Clay Lake                                                              Conroy Diamonds and Gold
Clay Lake Drilling & Rock Chip Sampling




                                                                                                                           Clay Lake
                                                                                                                           Anomaly
                                                                                                                          Contoured




The map shows contours of gold‐in‐soil. The red areas are above 10ppb which is anomalous for gold, the orange areas above 20ppb.

17

Clay Lake ‐ Drilling & Rock Chip Sampling                                               Conroy Diamonds and Gold
Glenish                                                                  Co. Monaghan, 7km (4½ miles) SW of Clontibret



          An extensive gold geochemical anomaly (147ha/364 acres), larger than that at the Clontibret target
          Grab samples, up to 9.4g/t and preliminary drilling (2.2m @ 1.32g/t intersection) confirm gold in bedrock
      This target, which lies at the confluence of major structures including the Orlock Bridge Fault, is
     considered by the Company to be highly prospective and follow‐up work is planned.



                                                        Glenish Plan View
                                                        County Monaghan, 7km SW of Clontibret




18

Glenish                                                                                         Conroy Diamonds and Gold
Stages In Development of a Gold Mine at Clontibret

                                     Planning & Mining Applications
          Scoping                                                                               Mine Development
                                  Pre‐Feasibility                    Feasibility
        IN PROGRESS
        (WARDROP)                                  c. 18 months

     Scoping studies ‐ The studies will involve a preliminary mine plan, and are the basis for determining whether or not to
     proceed forward with more detailed engineering work. Work includes Geology, including Regional Geology, Resource
     Review, Deposit Types and Mineralisation; Mine Plan and Production, Metallurgy and Plant Design,
     Infrastructure/Utilities and Ancillary Facilities, Mine Water and Waste Management, Capital and Operating Costs
     Estimates and Financial Analysis. The costs of development forecasted by the study are accurate to within 40‐50%.
     Environmental studies will form an intrinsic part of the scoping process.

     Pre‐feasibility studies ‐ more detailed than scoping studies. A pre‐feasibility study is used in due diligence work,
     determining whether or not to proceed with a detailed feasibility study and to determine areas within the project that
     require more attention. Pre‐feasibility studies are done by factoring known unit costs and by estimating gross dimensions
     or quantities once conceptual or preliminary engineering and mine design has been completed. Pre‐feasibility studies are
     completed by a small group of multi‐disciplined technical individuals and have an accuracy within 20‐30%.

     Feasibility studies ‐ the most detailed and will determine definitively whether or not to proceed. A detailed feasibility
     study will be the basis for capital appropriation, and will provide the budget figures for the project. Detailed feasibility
     studies require a significant amount of formal engineering work are accurate to within 10‐15%.
19

Stages In Development of a Gold Mine at Clontibret                                       Conroy Diamonds and Gold
Mining in Ireland


           Pro‐active government commitment to exploration and mining in both the
           Republic and Northern Ireland

            Ireland has an established mining tradition, favourable business climate, excellent
            infrastructure
                                                         Already a major base metal producer (Ireland
                                                       ranks as the 7th largest producer of zinc
                                                       concentrates and 12th largest producer of lead
                                                       concentrates in the world)
                                                          Other mines include gypsum and salt mines
                                                       and there is active gold mining in County Tyrone
                                                       in Northern Ireland
         Mine at G
                                                         Straightforward planning and mining licence
                                                       regulations and clear cut environmental
                                                       guidelines
         Zinc Mine at Galmoy, County Kilkenny


20

Mining in Ireland                                                      Conroy Diamonds and Gold
Social & Environmental Responsibility

        Conroy Diamonds and Gold is committed to conducting responsible, sustainable exploration practices in the communities
        and environments in which the Company operates. The Company adheres to industry best practices.

        As our business grows, we intend to create new jobs, generate additional tax revenues for local communities and create
        opportunities for small and medium business development.

        The Company's management and project teams strive to understand, preserve and sustain the precious balance within the
        environment where its explorations are conducted.

        Conroy Diamonds and Gold's project teams work in cooperation with the government, communities and industry to adhere
        to environment policies, laws and regulations with regard to responsible environmental stewardship.

                                                                    We comply with laws and regulations where we conduct
                                                                    business and do not make improper contributions to
                                                                    governments, political parties, or any other organization or
                                                                    individual.

                                                                    The Company’s social responsibility, environmental
                                                                    stewardship and health and safety policies are in accordance
                                                                    with the ‘e3plus Framework for Responsible Exploration’
                                                                    produced by the Prospectors and Developers Association of
                                                                    Canada (PDAC), which strives to attain excellence in these
                                                                    three key areas.

                                                                    Conroy Diamonds and Gold is an equal opportunities
                                                                    employer.


21

Social & Environmental Responsibility                                                    Conroy Diamonds and Gold
Summary
     Conroy Diamonds and Gold is a mining exploration and development company
     with advanced gold interests in Ireland

     1m+ oz JORC Resource Already Delineated On 20% Of One Target (Clontibret)
     Scoping Study Initiated ‐ Major Step towards Feasibility and Mining
          1,030,000 ounce gold resource (in accordance with the JORC code) thus far delineated on only
          20% of one target, Clontibret ‐ this is the largest JORC gold resource in Ireland or the UK

     Larger Targets Identified (Clay Lake and Glenish)
          Two of the larger targets identified (Clay Lake and Glenish) have gold proven in bedrock and are in
          close proximity (4½ miles/7km) to the Clontibret Target
          Newly discovered Clay Lake Target is larger in surface area (350 acres/141 ha) than Clontibret
          (310 acres/125ha) with gold‐in‐soil values averaging twice those of Clontibret

     30 mile (50km) gold trend identified by the Company
          Potential for 15‐20m ounces within c.400 square mile (1000km2) secured licence area (100% CDG)

     Ireland: Pro‐active Government Commitment, Established Mining Tradition
          There is active gold mining in County Tyrone in Northern Ireland. Ireland is already a major base
          metal producer which ranks as 7th largest producer of zinc concentrates and 12th largest producer
          of lead concentrates in the world
22

Summary                                                                    Conroy Diamonds and Gold
Conroy Diamonds and Gold AIM:CDG, IEX:CDG.I
     For further information, you can email us at ‐
     info@conroydiamondsandgold.com

     or visit our website ‐
     www.conroydiamondsandgold.com




23

                                                Conroy Diamonds and Gold

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CDG Company Overview

  • 1. Conroy Diamonds and Gold Company Overview AIM : CDG IEX : CDG.I “The potential is clear, the possibilities exciting. I look forward to the future with confidence” Professor Richard Conroy – Chairman, Conroy Diamonds and Gold Image: The Bronze Age “Sun Disc”, County Monaghan, 2200‐2000BC. National Museum of Ireland 1 www.conroydiamondsandgold.com
  • 2. This Document comprises an institutional presentation (the “Presentation”) which has been prepared by and is the sole responsibility of Conroy Diamonds and Gold P.l.c (the “Company”) • The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance on this promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. • The information in this presentation is subject to updating, completion, revision, further verification and amendment without notice. • This Presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever or constitute an invitation or inducment to engage in investment activity under section 21 of the FSMA. • Notwithstanding the above, in the United Kingdom, this Presentation is only being given to persons reasonably believed by the Company to be investment professionals within the meaning of paragraph (5) of Article 19 or to high net worth companies or unincorporated associations within the meaning of paragraph (2) of Article 49 of the FSMA (Financial Promotion) Order 2005 (SI 2005/1529), and the Proposed Offer will only be available to such persons who are also qualified investors within the meaning of section 86(7) FSMA purchasing as principal or in circumstances under section 86(2) FSMA. This Presentation is only being sent to persons reasonably believed by the Company to be investment professionals or to persons to whom it may otherwise be lawful to distribute it. If you are not such a person (i) you should not have received this Presentation and (ii) please return this Presentation to the Company’s registered office as soon as possible and take no other action. By accepting this Presentation the recipient represents and warrants that they are a person who falls within the above description of persons entitled to receive this Presentation. • This document has not been approved by an authorised person under Section 21 of the FSMA. • The Presentation is not intended to be distributed, or passed on, directly or indirectly, to any other class of person and in any event under no circumstances should persons of any other description rely or act upon the contents of this Presentation. This Presentation and its contents are confidential and must not be distributed or passed on, directly or indirectly, to any other person. This Presentation is being supplied to you solely for your information and may not be reproduced, further distributed or published in whole or in part by any other person. • No representation or warranty, express or implied, is made or given by or on behalf of the Company, its advisers or any of their respective parent or subsidiary undertakings or the subsidiary undertakings of any such parent undertakings or any of the directors, officers or employees of any such person as to the accuracy, completeness or fairness of the information or opinions contained in this Presentation and no responsibility or liability is accepted by any person for such information or opinions. 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Neither this Presentation nor any copy of it may be taken or transmitted into or distributed in Canada, Australia, Japan or South Africa, or any other jurisdiction which prohibits the same except in compliance with applicable security laws. Any failure to comply with this restriction may constitute a violation of United States or other national securities law. The Company's ordinary shares have not been registered under the Securities Act 1933. • Forward‐Looking Statements. Information contained in this Presentation may include 'forward‐looking statements'. All statements other than statements of historical facts included herein, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's business) are forward‐looking statements. • Such forward‐looking statements are based on a number of assumptions regarding the Company's present and future business strategies and the environment in which the Company expects to operate in future. Actual results may vary materially from the results anticipated by these forward‐looking statements as a result of a variety of factors. These forward‐looking statements speak only as to the date of this presentation and cannot be relied upon as a guide to future performance. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements contained in this Presentation to reflect any changes in its expectations with regard thereto or any change in event, conditions or circumstances on which any statement is based 2 Disclaimer Conroy Diamonds and Gold
  • 3. HIGHLIGHTS Conroy Diamonds and Gold is a natural resources company with advanced Gold interests in Ireland including ‐ One Million+ Ounce Gold Resource at Clontibret Moving towards Mine Development ‐ Scoping Study Initiated Larger Targets ‐ Clay Lake and Glenish 4½ miles on either side of Clontibret 30 mile Gold Trend Within Company’s c.400 square mile Licence Area Potential for 15‐20m Ounces Suggested by In‐House Conceptual Studies Secured Land Position 100% Licenced with Exclusive Rights to seek Mining Facilities 3 Highlights Conroy Diamonds and Gold
  • 4. Corporate Information Share Price: 5.38p (January 29th, 2010) Nominated Adviser: Merchant John East Securities Ltd Markets: London Stock Exchange AIM IEX Adviser: IBI Corporate Finance Ltd (Alternative Investment Market) London Stockbroker: City Capital Corporation Ltd Irish Stock Exchange IEX Dublin Stockbroker: Dolmen Butler Briscoe (Irish Enterprise Exchange) Auditors: Deloitte & Touche Ticker: AIM:CDG, IEX:CDG.I Major Shareholdings: Market Cap: £7.68m Professor Richard Conroy: 21,083,353 (14.76%) Ord. Shares in Issue: 142,864,487 Conroy Plc*: 19,294,286 (13.51%) Gartmore Fund Managers: 9,885,000 (6.92%) Registered Office: 10, Upper Pembroke Street, t1ps Investment Dublin 2, Ireland Management Ltd: 7,142,857 (5.00%) (Registration No. 232059) *Professor Conroy has a controlling interest in Conroy Plc 4 Corporate Information Conroy Diamonds and Gold
  • 5. Share Performance 2009/10 Conroy Diamonds and Gold Plc London Stock Exchange (AIM) Data latest data available at www.londonstockexchange.com 5 Share Performance 2009/10 Conroy Diamonds and Gold
  • 6. Licence Area (CDG 100%) Conroy Diamonds and Gold’s licence area extends for c.1000km2 (400 square miles) from County Armagh in Northern Ireland across Counties Monaghan and Cavan in the Republic of Ireland. There is excellent infrastructure in the licence area encompassing a high quality road network, power supply and other facilities. The licence area is approximately 90 minutes by road from either Dublin or Belfast. The Company’s head office is in Central Dublin. Field and core facilities are located in Clontibret, County Monaghan. map created in Google Maps 6 Licence Area (CDG 100%) Conroy Diamonds and Gold
  • 7. Location and Geology of Gold Targets 7 Location and Geology of Gold Targets Conroy Diamonds and Gold
  • 8. Clontibret, Clay Lake and Glenish Targets Targets defined using Gold‐in‐soil Geochemistry 8 Clontibret, Clay Lake and Glenish Targets Conroy Diamonds and Gold
  • 9. Key Milestones 2006 ‐ 2010 2006/07 2008 2009 2010 Airborne Geophysics 1 Million+ oz Clay Lake Target Clay Lake Drilling – flown over 90% of JORC Resource at Discovered – highest First holes in target, Licence Area Clontibret gold‐in‐soil values to 310m of diamond (Proprietary and @ 0.75 g/t cut‐off date drilling Tellus) (representing a 70% Zinc anomalies Intersections ‐ increase on identified to the 63m@0.62g/t Gold First JORC Resource Resources at previous cut‐off) South of Clay Lake & 1g/t Silver at Clontibret – Target inc. 9m@1.48g/t Gold 64,000oz indicated, Four Additional & 1g/t Silver 500,000oz inferred Gold confirmed in @ 1g/t cut‐off High Grade Lode bedrock at Clay Clontibret ‐ Scoping Zones at Clontibret Lake Target Study Initiated Increase of Indicated brings total to 38 Resource to 200,000oz 9 Key Milestones 2006‐2010 Conroy Diamonds and Gold
  • 10. Developments ‐ 2009/2010 February 2009 – Clay Lake Gold Discovery – up to 1.53g/t in Soil Discovery of Gold Anomaly extending 2km by 1km (c.141 ha/350 acres). Grades averaging over 50ppb gold‐in‐soil, with six samples between 100ppb and 1,531ppb (1.53g/t). The surface area is greater than that of Clontibret (c.125 ha/310 acres) and the gold‐in‐soil concentrations are twice the average of those recorded at Clontibret. Clay Lake is located in Co. Armagh, Northern Ireland, 4½ miles North‐East of Clontibret. October 2009 – Zinc‐in‐soil Anomaly – values up to 4,047ppm New zone of Zinc anomalies to the south of Clay Lake identified, with values up to 4,047ppm zinc‐in‐soil. January 2010 – First Drilling at Clay Lake – 63m@0.62g/t (inc. 9m@1.48g/t Au) Broad zone of gold mineralisation discovered at Clay Lake. Results are the first initial tests of the target using diamond drilling. 310m drilled in two inclined holes in the North‐West of the Target anomaly. Wide zone of mineralisation and quartz stockwork intersected. The 63m intersection also carried silver values of up to 2.5g/t. February 2010 – Wardrop commence Scoping Study at Clontibret 1m+ oz Resource Major Step towards Mine Development. The study will report using JORC standards and guidelines. Work will include Geology, including Regional Geology, Resource Review, Deposit Types and Mineralisation; Mine Plan and Production, Metallurgy and Plant Design, Infrastructure/Utilities and Ancillary Facilities, Mine Water and Waste Management, Capital and Operating Costs Estimates and Financial Analysis. 10 Developments ‐ 2009/2010 Conroy Diamonds and Gold
  • 11. Conceptual Studies Suggest 15 ‐ 20m Ounce Gold Potential The Company’s technical staff now believe, on the basis of the one million ounce gold resource outlined at Clontibret, the potential of the remaining 80 per cent of that target, the new discovery at Clay Lake and other large gold‐in‐soil anomalies that have been outlined elsewhere on the Company’s exploration licences in Ireland, that the total gold potential on these licences, although conceptual in nature, now lies in the 15‐20 million ounce range. Clay Lake** Clontibret Whilst there has been insufficient 1m+ oz Gold* exploration to date to define such a mineral resource, and there is no certainty that further exploration will result in a resource of this magnitude being realised, the directors believe that the potential is Glenish** clear and the possibilities exciting. T UL Image: Magnetic survey over the Company’s E FA licence area. The red to yellow colouration R IDG B shows the influence of the igneous intrusions ‐ CK a potentially significant control on LO mineralisation in this rich metalliferous area OR Area of Zinc Anomalies secured under licence, where a 50km (30 mile) gold trend has been established by the Newry Igneous Complex Company. Slieve Glah** Crossdoney Granite * JORC Resource on 20% of target known Cu & Molybdenum ** Gold Proven in Bedrock 11 Conceptual Studies Suggest 15‐20m Ounce Gold Potential Conroy Diamonds and Gold
  • 12. Clontibret 1m+ oz Gold Resource (20% of Target) Clontibret Is Conroy Diamonds and Gold’s Most Advanced Gold Target. Target Soil Anomaly c.125ha (310 acres) Gold intersections already established in remaining 80% of target ‐ remains to be fully tested Local Geology and Host Rock : Arenites (sandstones), and Argillites (shales) striking E/W, with prominent cross cutting faults striking NNE Gold mineralisation at Clontibret occurs in two styles within quartz/ carbonate veins: High grade lode‐style mineralisation associated with a series of cross‐cutting (NNW trending) fault structures Disseminated gold, associated with sulphides in a stockwork zone largely within an arenite (sandstone) sequence The map shows contours of gold‐in‐soil. The red areas are above 10ppb which is anomalous for gold, the orange areas above 20ppb. Company is moving towards development of the Clontibret Resource 12 Clontibret Conroy Diamonds and Gold
  • 13. Wireframe Model of Orebodies in 20% of Clontibret 38 Lode Zones – HIGH North GRADE – Up to 20g/t To date 38 Lode Zones up to 10m wide with grades of up to 20g/t have been identified, tracable from surface to depths of 100‐200m 800m Extensive Stockwork Zone Disseminated gold mineralisation is associated with sulphides, largely within an arenite sequence 13 Clontibret ‐ Wireframe Model Conroy Diamonds and Gold
  • 14. Typical Lode Zone Intersections at Clontibret Typical Lode Zone Intersections : CDG8: 6.5m @ 7.56g/t inc. 3.2m @ 12.8g/t CDG3: 11m @ 4g/t 5m @ 7.19g/t CDG10: 10.8m @ 2.49g/t inc. 1.25m @ 8.7g/t 1.25m @ 5.7g/t 2m @ 4.25g/t CDG6: 3m @ 5.56g/t CDG7: 2.7m @ 6.16g/t CDG2: 5.2m @ 3.05g/t 3.5m @ 2.07g/t Core Facility and Drilling in County Monaghan 14 Clontibret ‐ Drilling Conroy Diamonds and Gold
  • 15. 1 Million+ Ounce Gold Resource at Clontibret The resource, which has been estimated on less than 20% of the target anomaly at Clontibret, at a 0.75 g/t cut‐off, totals 25.0 million tonnes grading 1.28 g/t for 1,030,000oz gold contained. 440,000 ounces are in the Indicated category, 590,000 in the Inferred. Indicated : Resource Tonnes (Mt) 11 Mt Grade @ 0.75g/t cut‐off 1.24 g/t Resource 440,000 oz Inferred : Resource Tonnes (Mt) 14 Mt Grade @ 0.75g/t cut‐off 1.32 g/t Resource 590,000 oz Total Resource 1,030,000 oz Resources are reported in accordance with the JORC code and guidelines. 15 Clontibret ‐ Resource Conroy Diamonds and Gold
  • 16. Clay Lake Co. Armagh, 7km (4½ miles) NE of Clontibret Anomaly measures 2km by 1km (141ha/350 acres) ‐ larger than Clontibret (125ha/310 acres) Best gold‐in‐soil values encountered to date ‐ double those recorded at Clontibret More than 80 soil samples collected, returning average gold‐in‐soil values of over 50ppb, with six greater than 100ppb and a highest value of 1,531ppb. Relative to known anomalous gold values in this terrain, these are very high Potential source of the Clay Lake Nugget found in the 1980s “This could be the Jewel in the Crown for the Company” Professor Richard Conroy, Chairman, February 2009 16 Clay Lake Conroy Diamonds and Gold
  • 17. Clay Lake Drilling & Rock Chip Sampling Clay Lake Anomaly Contoured The map shows contours of gold‐in‐soil. The red areas are above 10ppb which is anomalous for gold, the orange areas above 20ppb. 17 Clay Lake ‐ Drilling & Rock Chip Sampling Conroy Diamonds and Gold
  • 18. Glenish Co. Monaghan, 7km (4½ miles) SW of Clontibret An extensive gold geochemical anomaly (147ha/364 acres), larger than that at the Clontibret target Grab samples, up to 9.4g/t and preliminary drilling (2.2m @ 1.32g/t intersection) confirm gold in bedrock This target, which lies at the confluence of major structures including the Orlock Bridge Fault, is considered by the Company to be highly prospective and follow‐up work is planned. Glenish Plan View County Monaghan, 7km SW of Clontibret 18 Glenish Conroy Diamonds and Gold
  • 19. Stages In Development of a Gold Mine at Clontibret Planning & Mining Applications Scoping Mine Development Pre‐Feasibility Feasibility IN PROGRESS (WARDROP) c. 18 months Scoping studies ‐ The studies will involve a preliminary mine plan, and are the basis for determining whether or not to proceed forward with more detailed engineering work. Work includes Geology, including Regional Geology, Resource Review, Deposit Types and Mineralisation; Mine Plan and Production, Metallurgy and Plant Design, Infrastructure/Utilities and Ancillary Facilities, Mine Water and Waste Management, Capital and Operating Costs Estimates and Financial Analysis. The costs of development forecasted by the study are accurate to within 40‐50%. Environmental studies will form an intrinsic part of the scoping process. Pre‐feasibility studies ‐ more detailed than scoping studies. A pre‐feasibility study is used in due diligence work, determining whether or not to proceed with a detailed feasibility study and to determine areas within the project that require more attention. Pre‐feasibility studies are done by factoring known unit costs and by estimating gross dimensions or quantities once conceptual or preliminary engineering and mine design has been completed. Pre‐feasibility studies are completed by a small group of multi‐disciplined technical individuals and have an accuracy within 20‐30%. Feasibility studies ‐ the most detailed and will determine definitively whether or not to proceed. A detailed feasibility study will be the basis for capital appropriation, and will provide the budget figures for the project. Detailed feasibility studies require a significant amount of formal engineering work are accurate to within 10‐15%. 19 Stages In Development of a Gold Mine at Clontibret Conroy Diamonds and Gold
  • 20. Mining in Ireland Pro‐active government commitment to exploration and mining in both the Republic and Northern Ireland Ireland has an established mining tradition, favourable business climate, excellent infrastructure Already a major base metal producer (Ireland ranks as the 7th largest producer of zinc concentrates and 12th largest producer of lead concentrates in the world) Other mines include gypsum and salt mines and there is active gold mining in County Tyrone in Northern Ireland Mine at G Straightforward planning and mining licence regulations and clear cut environmental guidelines Zinc Mine at Galmoy, County Kilkenny 20 Mining in Ireland Conroy Diamonds and Gold
  • 21. Social & Environmental Responsibility Conroy Diamonds and Gold is committed to conducting responsible, sustainable exploration practices in the communities and environments in which the Company operates. The Company adheres to industry best practices. As our business grows, we intend to create new jobs, generate additional tax revenues for local communities and create opportunities for small and medium business development. The Company's management and project teams strive to understand, preserve and sustain the precious balance within the environment where its explorations are conducted. Conroy Diamonds and Gold's project teams work in cooperation with the government, communities and industry to adhere to environment policies, laws and regulations with regard to responsible environmental stewardship. We comply with laws and regulations where we conduct business and do not make improper contributions to governments, political parties, or any other organization or individual. The Company’s social responsibility, environmental stewardship and health and safety policies are in accordance with the ‘e3plus Framework for Responsible Exploration’ produced by the Prospectors and Developers Association of Canada (PDAC), which strives to attain excellence in these three key areas. Conroy Diamonds and Gold is an equal opportunities employer. 21 Social & Environmental Responsibility Conroy Diamonds and Gold
  • 22. Summary Conroy Diamonds and Gold is a mining exploration and development company with advanced gold interests in Ireland 1m+ oz JORC Resource Already Delineated On 20% Of One Target (Clontibret) Scoping Study Initiated ‐ Major Step towards Feasibility and Mining 1,030,000 ounce gold resource (in accordance with the JORC code) thus far delineated on only 20% of one target, Clontibret ‐ this is the largest JORC gold resource in Ireland or the UK Larger Targets Identified (Clay Lake and Glenish) Two of the larger targets identified (Clay Lake and Glenish) have gold proven in bedrock and are in close proximity (4½ miles/7km) to the Clontibret Target Newly discovered Clay Lake Target is larger in surface area (350 acres/141 ha) than Clontibret (310 acres/125ha) with gold‐in‐soil values averaging twice those of Clontibret 30 mile (50km) gold trend identified by the Company Potential for 15‐20m ounces within c.400 square mile (1000km2) secured licence area (100% CDG) Ireland: Pro‐active Government Commitment, Established Mining Tradition There is active gold mining in County Tyrone in Northern Ireland. Ireland is already a major base metal producer which ranks as 7th largest producer of zinc concentrates and 12th largest producer of lead concentrates in the world 22 Summary Conroy Diamonds and Gold
  • 23. Conroy Diamonds and Gold AIM:CDG, IEX:CDG.I For further information, you can email us at ‐ info@conroydiamondsandgold.com or visit our website ‐ www.conroydiamondsandgold.com 23 Conroy Diamonds and Gold