Well, after all the changes:
$$(4\sqrt3-7)(4\sqrt3+7)=48-49=-1$$
and then indeed:
$$\frac1{4\sqrt3-7}=-\left(4\sqrt3+7\right)=-4\sqrt3-7$$
and yes: the conjugate is $\;\frac1{4\sqrt3+7}\;$ , and what you say is the answer given is neither the conjugate nor the product of the original expression by its conjugate.
Added following an idea by projectilemotion: Perhaps the idea is first to rationalize the expression and then to find its conjugate:
$$\text{Rationalizing:}\;\;\frac1{4\sqrt3-7}\cdot\frac{4\sqrt3+7}{4\sqrt3+7}=-4\sqrt3-7$$
and now the rightmost expression's conjugate indeed is: $\;-4\sqrt3\color{Red}+7\;$ .....tadaaah!
It's hard to tell what they meant without knowing a priori their definitions... BTW, in this case and for me, the conjugate could as well be $\;4\sqrt3-7=-7+4\sqrt3\;$ ...Funny.