CDG Company Overview

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Conroy Diamonds and GoldCompany OverviewAIM : CDG IEX : CDG.I

www.conroydiamondsandgold.com

“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

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• 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

Disclaimer Conroy Diamonds and Gold

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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 ClontibretMoving towards Mine Development ‐ Scoping Study Initiated

Larger Targets ‐ Clay Lake and Glenish4½ miles on either side of Clontibret

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

Potential for 15‐20m OuncesSuggested by In‐House Conceptual Studies

Secured Land Position100% Licenced with Exclusive Rights to seek Mining Facilities

Highlights

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Corporate Information

Share Price: 5.38p (January 29th, 2010)

Markets: London Stock Exchange AIM(Alternative Investment Market)

Irish Stock Exchange IEX(Irish Enterprise Exchange)

Ticker: AIM:CDG, IEX:CDG.I

Market Cap: £7.68m

Ord. Shares in Issue: 142,864,487

Registered Office: 10, Upper Pembroke Street,Dublin 2, Ireland(Registration No. 232059)

Major Shareholdings:

Professor Richard Conroy: 21,083,353 (14.76%)

Conroy Plc*: 19,294,286 (13.51%)

Gartmore Fund Managers: 9,885,000 (6.92%)

t1ps Investment Management Ltd: 7,142,857 (5.00%)

*Professor Conroy has a controlling interest in Conroy Plc

Corporate Information Conroy Diamonds and Gold

Nominated Adviser: Merchant John East Securities Ltd

IEX Adviser: IBI Corporate Finance Ltd

London Stockbroker: City Capital Corporation Ltd

Dublin Stockbroker: Dolmen Butler Briscoe

Auditors: Deloitte & Touche

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Share Performance 2009/10

Share Performance 2009/10 Conroy Diamonds and Gold

latest data available at www.londonstockexchange.com

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

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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.

Licence Area (CDG 100%)

Conroy Diamonds and GoldLicence 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.

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

map created in Google Maps

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Location and Geology of Gold Targets

Conroy Diamonds and GoldLocation and Geology of Gold Targets

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Conroy Diamonds and GoldClontibret, Clay Lake and Glenish Targets

Clontibret, Clay Lake and Glenish Targets

Targets defined using Gold‐in‐soil Geochemistry

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Key Milestones 2006 ‐ 2010


2006/07Airborne Geophysics

flown over 90% of Licence Area (Proprietary and Tellus)

First JORC Resource at Clontibret –64,000oz indicated, 500,000oz inferred@ 1g/t cut‐off

Increase of Indicated Resource to 200,000oz

20081 Million+ oz

JORC Resource at Clontibret @ 0.75 g/t cut‐off

(representing a 70% increase on Resources at previous cut‐off)

Four Additional High Grade Lode Zones at Clontibret brings total to 38

2009Clay Lake Target

Discovered – highest gold‐in‐soil values to date

Zinc anomalies identified to the South of Clay Lake Target

Gold confirmed in bedrock at Clay Lake Target

Key Milestones 2006‐2010

2010Clay Lake Drilling –

First holes in target,310m of diamond drilling

Intersections ‐[email protected]/t Gold & 1g/t Silverinc. [email protected]/t Gold & 1g/t Silver

Clontibret ‐ Scoping Study Initiated

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Developments ‐ 2009/2010

February 2009 – Clay Lake Gold Discovery – up to 1.53g/t in SoilDiscovery 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 4,047ppmNew 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 – [email protected]/t (inc. [email protected]/t Au)Broad zone of gold mineralisation discovered at Clay Lake. Results are the first initial tests of the target using diamonddrilling. 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 ResourceMajor 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.

Conroy Diamonds and GoldDevelopments ‐ 2009/2010

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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.


Whilst there has been insufficient 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 clear and the possibilities exciting.

Conceptual Studies Suggest 15‐20m Ounce Gold Potential

Image: Magnetic survey over the Company’s licence area. The red to yellow colouration shows the influence of the igneous intrusions ‐a potentially significant control on mineralisation in this rich metalliferous area secured under licence, where a 50km (30 mile) gold trend has been established by the Company.

Clay Lake**Clontibret1m+ oz Gold*

Glenish**

Slieve Glah**

Newry Igneous Complex

ORLOCK BRIDGE FAULT

Crossdoney Graniteknown Cu & Molybdenum

Area of Zinc Anomalies

* JORC Resource on 20% of target** Gold Proven in Bedrock

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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, withprominent cross cutting faults striking NNE

Gold mineralisation at Clontibret occurs in two styles within quartz/carbonate veins:

High grade lode‐style mineralisationassociated with a series of cross‐cutting(NNW trending) fault structures

Disseminated gold, associated withsulphides in a stockwork zone largelywithin 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.

Clontibret

Clontibret 1m+ oz Gold Resource (20% of Target)


Company is moving towards development of the Clontibret Resource

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Wireframe Model of Orebodies in 20% of Clontibret

38 Lode Zones – HIGH GRADE – Up to 20g/tTo 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

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

800m

North

Conroy Diamonds and GoldClontibret ‐ Wireframe Model

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Typical Lode Zone Intersections :

CDG8: 6.5m @ 7.56g/tinc. 3.2m @ 12.8g/t

CDG3: 11m @ 4g/t5m @ 7.19g/t

CDG10: 10.8m @ 2.49g/tinc. 1.25m @ 8.7g/t

1.25m @ 5.7g/t2m @ 4.25g/t

CDG6: 3m @ 5.56g/t

CDG7: 2.7m @ 6.16g/t

CDG2: 5.2m @ 3.05g/t3.5m @ 2.07g/t

Typical Lode Zone Intersections at Clontibret

Conroy Diamonds and GoldClontibret ‐ Drilling

Core Facility and Drilling in County Monaghan

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1 Million+ Ounce Gold Resource at Clontibret

Conroy Diamonds and GoldClontibret ‐ Resource

Indicated :Resource Tonnes (Mt) 11 MtGrade @ 0.75g/t cut‐off 1.24 g/tResource 440,000 oz

Inferred :Resource Tonnes (Mt) 14 MtGrade @ 0.75g/t cut‐off 1.32 g/tResource 590,000 oz

Total Resource 1,030,000 oz

Resources are reported in accordance with the JORC code and guidelines.

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.

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

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

Clay Lake

Potential source of theClay Lake Nugget foundin the 1980s


Clay Lake

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

Co. Armagh, 7km (4½ miles) NE of Clontibret

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Clay Lake ‐ Drilling & Rock Chip Sampling 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.

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Glenish Co. Monaghan, 7km (4½ miles) SW of Clontibret

Glenish

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 ViewCounty Monaghan, 7km SW of Clontibret

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ScopingPre‐Feasibility Feasibility

Mine DevelopmentPlanning & Mining Applications

c. 18 months

Stages In Development of a Gold Mine at Clontibret

Conroy Diamonds and GoldStages In Development of a Gold Mine at Clontibret

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%.

IN PROGRESS(WARDROP)

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

Ireland has an established mining tradition, favourable business climate, excellentinfrastructure

Mining in Ireland

Conroy Diamonds and GoldMining in Ireland

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

Straightforward planning and mining licence regulations and clear cut environmental guidelines

Mine at G

Zinc Mine at Galmoy, County Kilkenny

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Social & Environmental Responsibility

Social & Environmental Responsibility Conroy Diamonds and Gold

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.

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.

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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 only20% 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 inclose 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 basemetal producer which ranks as 7th largest producer of zinc concentrates and 12th largest producerof lead concentrates in the world


Summary

Summary

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Conroy Diamonds and Gold AIM:CDG, IEX:CDG.I

For further information, you can email us at ‐[email protected]

or visit our website ‐www.conroydiamondsandgold.com


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