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Corporate Presentation

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  • 1. A Growing Australian Gold ProducerCORPORATE PRESENTATION TSX: CRKMARCH 2013 OTCQX: CROCF
  • 2. Forward Looking InformationThis presentation contains forward-looking information under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the developmentpotential and timetable of the projects; the Company’s ability to raise additional funds as necessary or on commercially reasonable terms; the future price of gold; the estimation of mineralresources and mineral reserves; conclusions of economic evaluation (including scoping studies); the realization of mineral resource and reserve estimates; the timing and amount of estimatedfuture production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchangerates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”,“expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases orstatements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is based on the opinions and estimates ofmanagement as of the date such statements are made. Estimates regarding the anticipated timing, amount and cost of mining at the projects are based on assumptions underlying mineralresource estimates and the realization of such estimates; results of previous mining activities at the projects, and detailed research and analysis completed by independent of the Company;research and estimates regarding the timing of delivery for long-lead items; knowledge regarding the factors consultants and management involved in building a mine and other factors describedin the technical reports and Annual Information Form filed under the profile of the Company on SEDAR. Capital and operating cost estimates are based on results of previous mining activities,research of the Company and independent consultants, recent estimates of construction and mining costs and other factors that are set out in the scoping study. Production estimates are basedon mine plans and production schedules, which have been developed by the Company’s personnel and independent consultants. Forward-looking information is subject to known and unknownrisks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied bysuch forward-looking information, including but not limited to risks related to: timing and availability of external financing on acceptable terms; unexpected events and delays during construction,expansion and start-up; variations in ore grade and recovery rates; receipt and revocation of government approvals; actual results of exploration and mining activities; changes in project parametersas plans continue to be refined; future prices of gold; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry. Althoughmanagement of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be otherfactors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.Investors are advised that National Instrument NI 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reportedseparately. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Due to the uncertainty of measured, indicated or inferred mineral resources, these mineralresources may never be upgraded to proven and probable mineral reserves.Certain information contained herein may be considered to be future-oriented financial information, which was designed and approved by management of Crocodile Gold for the purposes ofassessing the value of the acquisition. Readers are cautioned that such information may not be appropriate for their use, and readers should consult their financial advisors as appropriate.Bill Nielsen P.Geo.,Vice President of Exploration at Crocodile Gold, is a “qualified person” as such term is defined in National Instrument 43-101 and has reviewed and approved the technicalinformation and data included in this presentationThis presentation is being made available on a confidential basis only to persons in the United States reasonably believed to be “accredited investors” as defined in Rule 501(a) under the U.S.Securities Act (“Accredited Investors”) and specifically authorized to view this presentation. This information does not constitute an offer to any other person or, a general offer to the public of, or thegeneral solicitation from the public of, offers to subscribe or purchase any of securities of Crocodile Gold Corp. . Any unauthorized use of the presentation is strictly prohibited. Distribution of thisinformation to any person is unauthorized, and any disclosure of any of such information without the prior written consent of Crocodile Gold is prohibited. Except as specifically provided herein, thispresentation may not be copied or otherwise distributed, in whole or in part, by or to any person or in any medium whatsoever.Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred ResourcesThe information presented uses the terms “measured”, “indicated” and “inferred” mineral resources. United States investors are advised that while such terms are recognized and required byCanadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred mineral resources” have a great amount of uncertainty as to theirexistence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules,estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured orindicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or iseconomically or legally mineable. 2
  • 3. Cautionary NotesNon-IFRS MeasuresCrocodile Gold believes that investors use certain indicators to assess gold mining companies. The indicators are intended to provide additional information and should not be considered inisolation or as a substitute for measures of performance in accordance with the International Financial Reporting Standards.“Cash Cost per Ounce” is a non-IFRS performance measure which could provide an indication of the mining and processing efficiency at the operations. It is determined by dividing the operatingexpenses, excluding stock-based compensation allocated to the operating expense and next of silver revenue, by the number of ounces of gold sold. There are variations in the method ofcomputation of “cash cost per ounce” as determined by the Company compared with other mining companies. For more detail on Cash Cost per Ounce determination for Crocodile Gold, pleasevisit www.sedar.com or www.crocgold.com and review the latest Annual Financial Statements issued on March 19, 2012.Note for Pages 7, 8, and 19 : For information regarding mineral resource and reserve estimates, including parameters used to generate the estimates and depletion, please see the technicalreports titled: REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE NORTHERN TERRITORY GOLD AND BASE METALS PROPERTIES FOR CROCODILE GOLDCORP. dated April 4th, 2011; NI43-101 TECHNICAL REPORT FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated April 29 th, 2012; NI43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated April 9 th, 2012. These documents are available on the companywebsite and at www.sedar.com.The 2012 financial results presented herein have been prepared by and are the responsibility of the Company’s management.The Company’s independent auditor has not performed a review of these results in accordance with standards established by the Canadian Institute of Chartered Accountants. The companyexpect to release its audited financial results on or before April 2, 2013. Non-GAAP MeasuresCrocodile Gold believes that investors use certain indicators to assess gold mining companies. The indicators are intended to provide additional information and should not be considered inisolation or as a substitute for measures of performance prepared in accordance with International Financial Reporting Standards.“Cash cost per ounce” is a non-GAAP performance measure that could provide an indication of the mining and processing efficiency and effectiveness at the operations. It is determined by dividingthe operating expenses, excluding stock-based compensation allocated to operating expenses and net of silver revenue, by the number of ounces of gold sold. There are variations in the methodof computation of “cash cost per ounce” as determined by the Company compared with other mining companies. The following is a reconciliation of the cash cost per ounce of gold sold, to thereported operating expenses for the three months ended December 31, September 30, June 30 and March 31, 2012: Dec 30 Sept 30 June 30 March 31Operating expenses per consolidated statement of operations and comprehensive income (loss) 59,645,459 55,557,277 41,720,288 22,405,959By-product silver sales credit (203,303) (126,723) (105,871) (64,137)Non-cash stock option expense charged to operating - - - (240,861) expensesOperating cash costs 59,442,156 55,430,554 41,614,417 22,100,961Divided by ounces of gold sold 59,541 47,121 35,665 10,900Cash cost per ounce ($ per ounce) 998 1,176 1,167 2,028 3
  • 4. Investment Highlights  Production increased from 68,016 oz in 2011GROWING GOLD to 155,023 oz in 2012 PRODUCTION  2013 production expected to be 175,000 oz  Cash flow from operation in Q4 2012: ~$39 All withinGROWING CASH million Australia – a FLOW  Expect free cash flow of ~ $200 million over first world next five years country with one of the  Extensive exploration and development most miningEXPLORATION pipeline friendly UPSIDE  Outstanding potential to discover additional jurisdictions resources  Undervalued compared to peers at 0.3x P/NAV COMPELLING with a peer group median of 0.7x VALUATION  EV/oz of $25 compared to peer group median of $52 4
  • 5. Crocodile Gold Exceeds Gold ProductionTargets with 155,523 ounces in 2012 Average Cash Costs of $1,166 in line with 2012 Guidance 2012 Ounce Production 2012 Cash Costs 70,000 $2,500 60,000Ounces Per Quarter 2012 Cost Guidance 50,000 $2,000 $1,100 - $1,300 40,000 $2,028 Average for 2012: $1,166 $1,500 30,000 20,000 $1,000 10,000 $1,167 $1,176 $998 0 $500 Q1 Q2 Q3 Q4 CRK Total CRK Proforma w/ NAVCO assets $0 Q1 Q2 Q3 Q42013 Growing Production From : Continued optimization at Cosmo Mine – improving mine design, increasing extraction rate, lowering mining cost. Optimization of Fosterville operation with expansion of resources and reserve base. Advancement of Big Hill Project – proceeding with permitting and final design with potential for production in 2014. 5
  • 6. Growing Gold Production:Double Digit Annual Growth 5 YEAR PLANGrowing Production Profile Existing Operations: Cosmo & Fosterville Mines Near-term project: Big Hill* Longer term: UR-Prospect & Maud Creek Potential for 14MM tonnes milled and in excess of 1.2Moz recovered over 5 yearsKey Financial Indicators (cumulative-US$) Revenue: $2.018 Billion EBITDA: $765 Million Free Cash Flow: $205 Million Average cash cost: ~ $875/ounce *Please refer to cautionary notes on page 12 for PEA disclosures 6
  • 7. Growing Gold Production: Cosmo Mine Steady development rate reached in 2012 Commercial production declared March 1st 2013 Ramping-up to produce an average of 75,000 to 90,000oz gold per year Delineation program in progress with 4 underground drills targeting expansion of Mineral Resources Proven and Probable Reserves* of 3.1Mt at 4.2 g/t Au for 420,000oz Measured and Indicated Resources* of 5.3Mt at 4.6 g/t Au for 776,000 oz Northern Territory 2012 Performance Ore Milled (Tonnes) 917,202 Average Grade (g/t Au) 1.51 Cosmo Mine is part of Crocodile Gold’s Northern Territory Complex which also includes a number of small open pits Recovery(%) 91.6 that are currently not being mined. Cosmo is an all–season 40,731 underground operation located approximately 60km Gold Produced (Ounces) northwest of Union Reefs Mill . Gold Sold (Ounces) 39,459*Please refer to cautionary notes on page 3 of this presentation 7
  • 8. Growing Gold Production:Fosterville Gold Mine Produced 90,000 oz gold in 2012 Fosterville Processing Facility Expect to produce similar level in 2013 Announced high-grade gold intersections from drill holes on strike extending the Phoenix ore body at Fosterville. Drill results include*:  23.36 g/t Au over 5.70m in hole UDE084  6.21 g/t Au over 6.10m in hole UDE084A Current mine life of 3 years based on Measured and Indicated Resources of 13.9Mt at 2.9 g/t Au for 1,289,000 oz Drilling programs underway with potential to extend the mine life Fosterville 2012 Performance Ore Milled (Tonnes) 786,571Fosterville Gold Mine is an underground operation located Average Grade (g/t Au) 4.36150 km north of Melbourne and 20 km from Bendigo;accessible by all weather roads. The mine has been Recovery (%) 81.8producing since 1992 with its own processing facility Gold Produced (Ounces) 90,440(capacity of 800 Ktpa) with a bacterial oxidation processusing BIOX technology Gold Sold (Ounces) 90,862 *Please refer to press release dated August 30, 2012 for full technical disclosures 8
  • 9. Growing Gold ProductionStawell Gold Mine Produced 73,000 oz Au in 2012 Confirmed opportunity to economically treat historical surface stockpile until mid 2014 Decision to ramp-down underground mining activities by mid 2013Next Steps Exploring opportunities within the existing Stawell Processing Facility mining lease Engagement with local stakeholders and community Stawell 2012 Performance Ore Milled (Tonnes) 850,017 Average Grade (g/t Au) 3.06Stawell Gold mine is an underground operation locatedalongside the town of Stawell, in central Victoria, Recovery(%) 86.1approximately 250 km west of Melbourne. Processing 72,602facilities use standard CIL gold recover and have a capacity Gold Produced (Ounces)of 1.0MM TPA Gold Sold (Ounces) 74,552 9
  • 10. 2012 Financial Results $120,000,000Compared to Q1 2012, Crocodile $100,000,000Gold: $80,000,000 Increased Revenue by 448% $60,000,000 Increased Earnings from Mine $40,000,000 Operations by 315% $20,000,000 $- Increased Operating Cash Flow $(20,000,000) by 322% $(40,000,000) Q1 2012 Q2 2012 Q3 2012 Q4 2012 Revenue Mine operating earnings (loss) Operating Cash Flow Q1 2012 Q2 2012 Q3 2012 Q4 2012Revenue $18,577,177 $56,861,530 $78,721,463 $101,770,213Mine operating earnings (loss) ($5,771,042) $5,949,787 $7,028,408 $12,410,636Ounces Sold 10,900 35,665 47,121 59,541Average Sale Price $1,698 $1,591 $1,664 $1,709Cash Cost Per Ounce $2,028 $1,167 $1,176 $998Operational Cash Flow ($17,868,866) $4,853,865 $ 32,511,747 $39,334,568Operational Cash Flow Per Share $(0.05) $0.01 $0.08 $ 0.10 10
  • 11. Exploration and Projects  Increase reserves from 1.1MM oz to 1.5MM oz  Consolidate land position in the Northern Territory 2013 through divestment of non-core assetsOBJECTIVES  Advance the Big Hill Project in the State of Victoria  Advance Maud Creek, Union Reefs and Pine Creek Projects in the Northern Territory Complex 11
  • 12. Exploration and Projects: State of Victoria Big Hill Project Description Unit Open Pit The Big Hill Deposit is the surface expression of the Strip ratio 3.4 to 1 Stawell deposit. It currently has Indicated Resources of 2.83 million tonnes at 1.84 g/t Au for 167,000 oz*. Ore production Mt 2.3 South Grade Gandy’s g/t 1,65 Project Plan Recovered ounces oz 108,531  NI 43-101 compliant Preliminary Economic Revenue AUD$(mm) 153 Assessment (PEA) completed LOM Capital AUD$(mm) 21.7  Ore would be treated at the existing NPV ($1,400/oz, 10% DR) AUD$(mm) 39.6 Stawell Gold Mine mill Big Hill Project  Estimated 4 ½ years of operation Big Hill Pit 2013 Milestones  Start Permitting process  Production to commence second half of 2014 Stawell Mill*Please refer to cautionary language on page 3 of this presentationThe PEA is preliminary in nature and is based on a number of assumptions that may be changed in thefuture as additional information becomes available. Mineral resources that are not mineral reserves donot have demonstrated economic viability. The PEA includes inferred mineral resources that areconsidered too speculative geologically to have the economic considerations applied to them that wouldenable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized 12
  • 13. Exploration and Projects: Northern Territory ComplexMaud Creek ProjectLocated near the town of Katherine, Maud Creek is a partialrefractory ore deposit Desktop Scoping Study completed in Q4 2012  Applicability of Fosterville BIOX® technology confirmed  Open pit to be followed by underground operation  Ore would be treated at existing Union Reefs mill in separate circuit Prospect  Preliminary mine design identified the opportunity of Union producing approximately 300,000 ounces over 6 years Reefs Mill Moline International2013 Milestones Proceed with Prefeasibility Study including:  additional drilling to capture detailed metallurgical and Maud Creek geotechnical information  Initial community engagement and existing Environmental Impact Study update 2014 Development Decision 13
  • 14. Exploration and Projects: Northern Territory Complex Union Reefs, ProspectUnion Reefs – Prospect Deposit and Crosscourse Union NorthThe Prospect Deposit is located within 1 km of existing Lady Aliceinfrastructure with historical production treated at the ProspectUnion Reefs mill Completed a 11,500 m drilling program; key Crosscourse exploration results include*: Union  Prospect: 4.2 m@27g/t Au, 2.5 m@240g/t Au Reefs Mill Complex  Crosscourse: 181.2 m@1.8 g/t Au, 12.3 m@8.9 g/t Au Desktop study completed in 2012 identified the opportunity of producing approximately 60,000 ounces over 3 years from Prospect2013 Milestones Proceed with Phase II – Underground exploration decline for Prospect with Bulk Sampling 2014 Production Decision * Refer to Oct 13, 2011, Jan 20, 2012 and May 9, 2012 press releases for detailed results 14
  • 15. Capital Structure Share Structure & Financial Details 52 Week Share Price Performance (At Feb. 28, 2013)Basic: 406.4 Million $0.60Warrants: 46.56 Million $0.50Options: 029.8 Million $0.40Fully Diluted: 483.73 Million $0.30 $0.20Market Capitalization: $118.0 Million $0.1052 Week Trading Range $0.29 – $0.60 $0.00Cash Position $23 MillionDebt Outstanding $71.15 MillionMajor Shareholder – Luxor CapitalIn February 2012, Luxor Capital completed a bid to take up a majority ownership of Crocodile Gold. Since that time,Luxor has assisted the Company in many ways including: Participation on a pro-rata basis in the last private placement financing Facilitation of the Victorian assets acquisition as well as aiding in arrangement of the Credit Suisse facilityLuxor is very active in the management and oversight of the Company with 2 current board members. Luxor has alsoindicated interest for any future financings – It currently owns 61% of Crocodile Gold. 15
  • 16. Growth StrategyStakeholder Engagement Debt Facility - $75 million  Structure  Fixed principle repayment of A$1.923M per month from Jan. 2013 to Mar. 2016  No interest i.e Swap sale contract for 8,000 ounces of gold per month @ A$1,540/oz. , Jul. 2012 to Mar. 2016.  Call Option for 4,000 ounces of gold per month at A$2,100 per ounce over the same term  Growth strategy supported by Credit Suisse and agreement in principle reached to amend the present debt facility as follow:  Proceeds from “cash out” of call options to be applied against the capital repayment  Deferral of principal payment  Continue with gold swap payment Key Shareholder  Support and engagement of Luxor in developing growth strategy  Active participation on Board 16
  • 17. Company Valuation Gold Producers Economic Value/Oz Gold Producer P/NAV Multiples$200.00 1.0x$150.00 0.8x 0.8x 0.8x 0.7x 0.7x 0.6x 0.6x$100.00 $52.70 0.3x 0.3x $50.00 $25.61 $0.00 TGZ OGC EDV RSG BAA Median GSC JAG SBM ORA CRK RSG TGZ OGC SBM GSC JAG EDV BAA ORA CRK Source: Bloomberg and company disclosure. Source: Consensus Estimates, Bloomberg. Economic Value is equal to market cap less cash plus debt plus minority interest Add bullets and preferred equity Per ounce, Crocodile Gold is valued at $25.61 – significantly less than the peer median of $52.70 per ounce, yet production profiles of the peer group are similar. Crocodile Gold is trading at 0.3x its Net Asset Value which suggests that the full value of the Company’s projects are not being attributed to in the current share price. The median P/NAV of the peer group is 0.7x 17
  • 18. Mineral Resources and Reserves * Tonnes Au Grade Au (MM) (g/t) (Koz)Proven & Probable ReservesCosmo 3.1 4.2 420Fosterville 2.4 4.7 365Pine Creek 3.0 1.7 162Stawell 1.0 3.4 107 Crocodile Gold maintainsBurnside 1.6 1.5 80Reserves 11.1 3.2 1,134 significant Measured andMeasured and Indicated Resources (incl. of Reserves) Indicated Resources ofFosterville 13.9 2.9 1,289 over 4 million ouncesMaud Creek 9.3 3.1 935Cosmo 5.3 4.6 776 and Inferred Resources ofMt Bundy 20.2 1.0 665Burnside 11.3 1.4 493 2.7 million ounces.Stawell 4.7 2.6 399Pine Creek 5.5 1.6 289Union Reefs 0.2 2.4 18M&I Resources 70.5 2.1 4,863 Reserves for CrocodileInferred Resources Gold’s projects totalCosmoBurnside 5.7 13.0 3.7 1.5 676 647 approximatelyFosterville 5.0 2.9 477 1.1 million ounces.Mt Bundy 10.5 1.0 351Union Reefs 3.7 1.7 204Pine Creek 2.3 2.4 183Stawell 1.0 4.7 145Maud Creek 1.1 2.4 82Inferred Resources 42.4 2.0 2,765*Please refer to cautionary language on page 3 of this presentation 18
  • 19. Why Invest in Crocodile GoldCrocodile Gold has Growing Production Doubled production over 2011, with 155,523 oz produced 2012 production targets were exceeded Production is expected to increase 10-15% in 2013, putting the company in an exclusive group of producersCrocodile Gold has Cash Flow Mine operations generated Net Cash Flow of ~ $60mm in 2012. Expect EBITDA of $765mm; Free Cash Flow of $200mm over the next 5 yearsCrocodile Gold has a Significant Exploration & Project Pipeline Clear project pipeline over 5 years that includes: • Big Hill • Union Reefs Prospect Deposit • Maud CreekCrocodile Gold is one of the cheapest mid-tier Gold Producers Making this an excellent entry point. If CRK increased to peer median P/NAV of 0.7x, shares would appreciate over 100% 19
  • 20. ManagementChantal Lavoie, P. Eng., Chairman, President & Chief Executive OfficerMr. Lavoie is a Professional Mining Engineer with extensive experience in mining operations and projects. Previously, Mr. Lavoie spent eight years at DeBeers Canada Inc. ("De Beers") where he was responsible for the Canadian operations of De Beers including Snap Lake and Victor Mines, the Gahcho KueProject and was acting CEO of De Beers. Mr. Lavoie has also worked for Barrick Gold Corporation at Goldstrike in Nevada and Aur Resources Inc. at theformer Louvicourt mine.Robert Dufour, CPA, CA, Director of Finance, Interim Chief Financial OfficerMr. Dufour is a Chartered Accountant with over 10 years of finance and accounting experience. He started his career with the Toronto office ofPriceWaterhouseCoopers and later joined Northgate Minerals Corporation as Corporate Controller and subsequently was promoted to Group FinancialController for Northgate Australian Venture Corporation (NAVCO), which was more recently acquired by Crocodile Gold Corporation.Bill Nielsen, P. Geo, Vice President ExplorationMr. Nielsen is an accredited geologist with over 35 years of worldwide mineral exploration and development experience. Most recently, he has beenworking as a senior industry consultant to mining exploration companies working with a variety of commodities in various countries and geologicalenvironments. From 2003 to 2008, Mr. Nielsen was the V.P. Exploration of Nevsun Resources Ltd., where he played a significant role in the discovery ofthe Bisha gold-VMS deposit in Eritrea. He has worked for various companies within the Forbes & Manhattan Group since early 2010.Colinda Parent, Vice President Corporate DevelopmentMs. Parent has extensive capital markets experience having spent over 15 years in institutional equity sales and 5 years in investment banking inToronto. Previously, Ms. Parent was one of the founders of Sandfire Securities, a Toronto-based institutional equity boutique focused on raising fundsfor and trading stocks in small and mid-cap Canadian-listed resource companies. She also served on the Board and Executive Committee at Sandfire. Ms.Parent is a CFA charter holder and has an MBA from the Ivey School of Business.Operations Team : Ian Holland, General Manager, Stawell Gold Mine Troy Cole, General Manager, Fosterville Gold Mine Peter Crooks, General Manager, Northern Territory 20
  • 21. Board Of DirectorsKevin Conboy, DirectorMr. Conboy was previously President and Chief Executive Officer of Acordia, Inc., a subsidiary of Wells Fargo based in Chicago. As well, heserved as Chief Executive Officer for the NIA Group of Paramus, New Jersey. Mr. Conboy possesses a wealth of experience in the financialmarkets and has considerable exposure to financial instruments and business transactions. He sits on a number of corporate and charitableboards. Mr. Conboy completed a B.A. from Colorado State University in 1973.George Faught, CA, Lead DirectorMr. Faught is a Chartered Accountant with over 25 years of senior management experience and is currently the Chief Executive Officer of AberdeenInternational Inc. He has served as the Chief Financial Officer of publicly traded companies in the natural resources, financial services andpharmaceutical industries. Mr. Faught has broad financial management, corporate development and operating experience and from 1999 to 2005served as the Chief Financial Officer for North American Palladium Ltd., a mid-tier platinum group metal producer. Prior to that, he served as ChiefFinancial Officer for Hudson Bay Mining & Smelting Co. Ltd., an integrated base metals producer, and William Resources Inc., an international goldproducer. He also serves as a director of several public companies in the resource sector.Robert Getz, MBA, DirectorMr. Getz is a managing director and a co-founder of Cornerstone Equity Investors, LLC. Mr. Getz has strong experience in public and private debt andequity financings and domestic and international mergers and acquisitions. Mr. Getz has served as a director of several public and private metals andmining companies. He completed a B.A., cum laude, International Relations at Boston University in May 1985, and obtained his MBA, Finance inFebruary 1990 from The Stern School of Business at New York University.Peter Tagliamonte, P. Eng., DirectorMr. Tagliamonte is a professional mining engineer and also holds an MBA from the Richard Ivey School of Business, at the University of Western Ontario.He is currently the President and CEO of Sulliden Gold, the former President and CEO of Central Sun Mining Inc. and former Chief Operating Officer ofDesert Sun Mining Corp. where he was responsible for the development of the Jacobina Mine in Brazil into a 4,200-tonne-per-day mining operation. Mr.Tagliamonte has over 25 years of progressive managerial experience building and operating mines worldwide, notably in Central and South America. In2005, he received the Mining Journals "Mine Manager of the Year" award in recognition for his work in the mining sector. 21
  • 22. Investor Contact Information Crocodile Gold Corporation Chantal Lavoie Investor Relations Chairman, President and CEO Rob Hopkins 416-861-2964 416-861-5899 clavoie@crocgold.com info@crocgold.com TSX: CRK www.crocgold.com OTCQX: CROCF Find us on: FRANKFURT: XGC 22

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