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Corporate Presentation June 2013

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Corporate Presentation June 2013

Corporate Presentation June 2013


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  • 1. A Growing Australian Gold ProducerJune 2013TSX:CRKOTCQX:CROCFFRANKFURT:XGC
  • 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 development potential and timetable of the projects; theCompany’s ability to raise additional funds as necessary or on commercially reasonable terms; the future price of gold; the estimation of mineral resources and mineral reserves; conclusions of economic evaluation (including scoping studies); therealization of mineral resource and reserve estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining orprocessing issues; currency exchange rates; 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 or statements 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 of management 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 mineral resource estimates and the realization of such estimates; results of previous mining activities at the projects, and detailed research and analysis completedby 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 described in thetechnical 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 based on mine plans and production schedules, which have been developed by the Company’s personnel andindependent consultants. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materiallydifferent from those expressed or implied by such 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 parameters as plans continue to be refined; future pricesof gold; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry. Although management of the Company has attempted to identify important factors that could causeactual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to updateany 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 reported separately. Mineral resources that are not mineral reserves donot have demonstrated economic viability. Due to the uncertainty of measured, indicated or inferred mineral resources, these mineral resources 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 of assessing the value of the acquisition. Readers arecautioned that such information may not be appropriate for their use, and readers should consult their financial advisors as appropriate.2Bill 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 technical information 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 specificallyauthorized to view this presentation. This information does not constitute an offer to any other person or, a general offer to the public of, or the general solicitation from the public of, offers to subscribe or purchase any of securities of CrocodileGold Corp. . Any unauthorized use of the presentation is strictly prohibited. Distribution of this information to any person is unauthorized, and any disclosure of any of such information without the prior written consent of Crocodile Gold isprohibited. Except as specifically provided herein, this presentation 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 by Canadian regulations, the United States Securities andExchange Commission does not recognize these terms. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferredmineral 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 thatall or any part of measured or indicated 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 is economically or legallymineable.Non-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 in isolation or as a substitute for measures of performancein 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 operating expenses, excluding stock-based compensationallocated to the operating expense and next of silver revenue, by the number of ounces of gold sold. There are variations in the method of computation of “cash cost per ounce” as determined by the Company compared with other miningcompanies. For more detail on Cash Cost per Ounce determination for Crocodile Gold, please visit 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 usedto generate the estimates and depletion, please see the technical reports titled: REPORT ON THE MINERAL RESOURCES &MINERAL RESERVES OF THE NORTHERN TERRITORY GOLD AND BASE METALS PROPERTIES FOR CROCODILE GOLD CORP. dated April 4th, 2011; NI43-101 TECHNICAL REPORT FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FORCROCODILEGOLD CORP dated April 29th, 2012; NI43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated April 9th, 2012. These documents are available on the company websiteand at www.sedar.com.
  • 3. Investment HighlightsGROWING GOLDPRODUCTIONGROWING CASHFLOW• Cash generated in 2012 exceeded $58 million• Cash flow from operations in Q1 2013: ~ $18• Production increased from 68,016 oz in 2011to 155,023 oz in 2012• 2013 production expected to be ~175,000 ozAll withinAustralia –a first world3FLOWEXPLORATIONUPSIDE• Cash flow from operations in Q1 2013: ~ $18million• Extensive exploration and developmentpipeline• Outstanding land package with the potentialto discover additional resourcesCOMPELLINGVALUATION• Undervalued compared to peers at 0.3xP/NAV with a peer group median of 0.7x• EV/oz of $25 compared to peer group medianof $52Australia –a first worldcountry withone of themost miningfriendlyjurisdictions
  • 4. Significant MilestonesQ2• Acquisition and integration of Fosterville and Stawell Gold mines• A$75mm Credit Facility with Credit SuisseQ3• Decision to ramp down the Stawell operation and advance the Big HillProject2012 Milestones4Q4• Completion of positive Project Economic Assessment (PEA) on Big HillProject• Record quarter resultsQ1• Initiated the Big Hill permitting process• Declared commercial production at Cosmo Mine• Completed of C$34.5mm convertible debenture offeringQ2• Successful unwinding of gold swap (hedge) position, reducing debt byA$58mm2013 Milestones
  • 5. Given the recent softening in gold prices, Crocodile Gold has done an extensivereview of its operations and projects to identify further opportunities1. Continual Operational Review• Operating Costs• Consolidation of shared services in Victoria (SGM & FGM)• Streamlined management structure at the operations (NT & SGM)• Capital Expenditures2013 Strategic Outlook5• Capital Expenditures• Limit capital expenditures to mine development with minimal $ spend on infrastructure• Redistribution of assets within the group, from SGM to FGM and Cosmo, reducing capitalexpenditures (mobile equipment, electrical equipment, etc)• Assets sale at SGM• On-going optimization of Cosmo, using experience of SGM & FGM2. Projects Review• Exploration drilling limited to on-mine resources conversion; no greenfield• Moving ahead only on Big Hill project at this time• Reassessing appropriate timing for UR Prospect and Pine Creek
  • 6. 154,122174,953100,000120,000140,000160,000180,000 2013 Forecast (oz)2012 Production (oz)$2,028$2,000$2,5002012/2013 Cash CostsActualForecasted2013 Strategic OutlookCrocodile Gold is continuing to look for opportunities to growproduction and reduce cash costs.6020,00040,00060,00080,000100,000Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013(E)Q3 2013(E)Q4 2013(E)Quarterly Production Cumulative Production$1,167$1,176$998$1,150 $1,100 $1,075 $1,000$0$500$1,000$1,500Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013(E) Q3 2013(E) Q4 2013(E)Forecasted2013 Total Production: 170,000 - 180,000 oz 2013 Cash Cost (avg): $1,050 - $1,150/oz
  • 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 to90,000oz gold per year• Delineation program in progress with 4underground drills targeting expansion of MineralResources7Resources• Proven and Probable Reserves* of 3.1Mt at 4.2 g/tAu for 420,000oz• Measured and Indicated Resources* of 5.3Mt at 4.6g/t Au for 776,000 oz*Please refer to cautionary notes on page 3 of this presentationNorthern Territory 2012 PerformanceOre Milled (Tonnes) 917,202Average Grade (g/t Au) 1.51Recovery(%) 91.6Gold Produced (Ounces) 40,731Gold Sold (Ounces) 39,459Cosmo Mine is part of Crocodile Gold’s Northern TerritoryComplex which also includes a number of small open pitsthat are currently not being mined. Cosmo is an all–seasonunderground operation located approximately 60kmnorthwest of Union Reefs Mill .
  • 8. Growing Gold Production:Fosterville Gold Mine• Produced 90,000 oz gold in 2012• Expect to produce similar level in 2013• Announced high-grade gold intersections from drillholes on strike extending the Phoenix ore body atFosterville. Drill results include*:• 23.36 g/t Au over 5.70m in hole UDE084• 6.21 g/t Au over 6.10m in hole UDE084AFosterville Processing Facility8• 6.21 g/t Au over 6.10m in hole UDE084A• Current mine life of 3 years based on Measuredand Indicated Resources of 13.9Mt at 2.9 g/t Aufor 1,289,000 oz• Drilling programs underway with potential toextend the mine life Fosterville 2012 PerformanceOre Milled (Tonnes) 786,571Average Grade (g/t Au) 4.36Recovery (%) 81.8Gold Produced (Ounces) 90,440Gold Sold (Ounces) 90,862Fosterville Gold Mine is an underground operation located150 km north of Melbourne and 20 km from Bendigo;accessible by all weather roads. The mine has beenproducing since 1992 with its own processing facility(capacity of 800 Ktpa) with a bacterial oxidation processusing BIOX technology*Please refer to press release dated August 30, 2012 for full technical disclosures
  • 9. Growing Gold ProductionStawell Gold Mine• Produced 73,000 oz Au in 2012• Confirmed opportunity to economically treathistorical surface stockpile until mid 2014• Decision to ramp-down underground miningactivities by mid 2013Next Steps9Stawell Gold mine is an underground operation locatedalongside the town of Stawell, in central Victoria,approximately 250 km west of Melbourne. Processingfacilities use standard CIL gold recover and have a capacityof 1.0MM TPAStawell Processing FacilityNext Steps• Exploring opportunities within the existingmining lease• Engagement with local stakeholders andcommunity Stawell 2012 PerformanceOre Milled (Tonnes) 850,017Average Grade (g/t Au) 3.06Recovery(%) 86.1Gold Produced (Ounces) 72,602Gold Sold (Ounces) 74,552
  • 10. 2013OBJECTIVESExploration and Projects• Increase reserves in the NorthernTerritory• Consolidate land position in the Northern Territory throughdivestment of non-core assets• Advance the Big Hill Project in the State of Victoria• Advance Maud Creek, Union Reefs and Pine Creek Projects10• Advance Maud Creek, Union Reefs and Pine Creek Projectsin the Northern Territory Complex
  • 11. Reserves and Resources• Work being completed to update overall resources and reserves statement• Report scheduled to be release in Q3 of 2013Land Position ConsolidationExploration and Projects11Land Position Consolidation• Mt. Bundy (NT – 1,000 km2) - Divestment essentially completed with finalclosure by end of June• Iron Blow/Mt. Bonnie (NT – 260km2) - Base metal properties divestment. Finalagreement executed on May 28th 2013 with Pitchblack Resources (see pressrelease of December 17, 2012)• Plans are being implemented to continue divestment of non-core assets
  • 12. Big Hill ProjectThe Big Hill Deposit is the surface expression of theStawell deposit. It currently has Indicated Resources of2.83 million tonnes at 1.84 g/t Au for 167,000oz*. SouthGandy’sDescription Unit Open PitStrip ratio 3.4 to 1Ore production Mt 2.3Grade g/t 1,65Recovered ounces oz 108,531Revenue AUD$(mm) 153LOM Capital AUD$(mm) 21.7Exploration and Projects:State of VictoriaProject Plan• NI 43-101 compliant PreliminaryEconomic Assessment (PEA) completed12Big Hill PitLOM Capital AUD$(mm) 21.7NPV ($1,400/oz, 10% DR) AUD$(mm) 39.6Economic Assessment (PEA) completed• Ore would be treated at the existingStawell Gold Mine mill• Estimated 4 ½ years of operation2013 Milestones• Start Permitting process*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 the future asadditional information becomes available. Mineral resources that are not mineral reserves do not have demonstratedeconomic viability. The PEA includes inferred mineral resources that are considered too speculative geologically tohave the economic considerations applied to them that would enable them to be categorized as mineral reserves, andthere is no certainty that the PEA will be realizedStawell MillBig Hill Project
  • 13. 2013 Q1 Financial Results10,00020,00030,00040,00050,00060,00070,000-$10,000,000$-$10,000,000$20,000,000$30,000,000$40,000,000$50,000,000Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013OuncesUS$Crocodile Gold Operational Cash Flow* • Q1 was a solid quarter withoperation cash flow of over$23 million or $0.06/share (Q1Net Income: $18 million)• Mine earnings in Q1 wereaffected by a higher thannormal depreciation charge ofover $10 million attributed tothe Stawell underground13Q4 2012 Q1 2013Revenue $101,770,213 $83,780,492Mine operating earnings (loss) $12,410,636 ($207,690)Ounces Sold 59,541 49,720Average Sale Price $1,709 $1,664Cash Cost Per Ounce $998 $1,150Operational Cash Flow $39,334,568 $17,559,642Operational Cash Flow Per Share $ 0.10 $ 0.04-10,000-$20,000,000-$10,000,000Cash flow from Operations Gold Producedthe Stawell undergroundramp-down• Strong financial results wereexperienced in Q4 2012 withrecord production and non-cash charges relating to theCredit Suisse Credit Facility.• Q1 2013 represents a morerealistic and sustainable levelof quarterly production andcash flow, similar to Q3 2012.*Working capital adjustments have been excluded for comparability purposes
  • 14. Raising Capital —Debenture Issue April 5, 2013• C$34.5 million of unsecured 8% convertible debentures were issued for net proceedsof C$31 million• Cash raised will be used to fund Exploration Projects and General Corporate Expenses• Debentures are trading on the secondary market under the symbol CRK.DBStrengthening Our Balance Sheet14Debt—Credit Suisse Credit Facility• Unwound gold swap (hedge) position in April2013• Net proceeds of A$57.8 million were used topay off outstanding credit facility• Remaining A$11.5 million debt to be repaidin 18 monthly installment of $630,000 fromApril 2013 to October 2014$1,150$1,200$1,250$1,300$1,350$1,400$1,450$1,500$1,550$1,600Gold Price (AUD)April 16, 2013: CRK Unwinds Gold Swap
  • 15. Capital StructureShare Structure & Financial DetailsBasic: 406.4 MillionWarrants: 46.56 MillionOptions: 029.8 MillionFully Diluted: 614.6 MillionMarket Capitalization: $73 Million52 Week Trading Range $0.155 – $0.4352 Week Share Price Performance$0.20$0.30$0.40$0.50$0.601552 Week Trading Range $0.155 – $0.43Cash Position (at 13/03/31) $18 MillionDebt Outstanding $44.6 MillionIn 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• Facilitationof 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.Major Shareholder – Luxor CapitalDebt outstanding includes recently issued convertible debenture of $34.5million and $11.1millionremaining on Credit Suisse secured debt facility$0.00$0.10$0.20
  • 16. Company Valuation$52.70$100.00$150.00$200.001.0x0.8x 0.8x 0.8x 0.7x 0.7x0.6x0.6x0.3x 0.3xGold Producer P/NAV MultiplesGold Producers Economic Value/Oz16Add bullets$52.70$25.61$0.00$50.00TGZ OGC EDV RSG BAA Median GSC JAG SBM ORA CRK0.3xRSG TGZ OGC SBM GSC JAG EDV BAA ORA CRKSource: Bloomberg and company disclosure.Economic Value is equal to market cap less cash plus debt plus minorityinterest and preferred equitySource: Consensus Estimates, Bloomberg.• Per ounce, Crocodile Gold is valued at $25.61 – significantly less than the peer median of $52.70 perounce, 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 theCompany’s projects are not being attributed to in the current share price. The median P/NAV of thepeer group is 0.7x
  • 17. 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 107Burnside 1.6 1.5 80Reserves 11.1 3.2 1,134Measured and Indicated Resources (incl. of Reserves)Fosterville 13.9 2.9 1,289Maud Creek 9.3 3.1 935Crocodile Gold maintainssignificant Measured andIndicated Resources of over4 million ounces andInferred Resources of17Maud Creek 9.3 3.1 935Cosmo 5.3 4.6 776Mt Bundy 20.2 1.0 665Burnside 11.3 1.4 493Stawell 4.7 2.6 399Pine Creek 5.5 1.6 289Union Reefs 0.2 2.4 18M&I Resources 70.5 2.1 4,863Inferred ResourcesCosmo 5.7 3.7 676Burnside 13.0 1.5 647Fosterville 5.0 2.9 477Mt 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 presentationInferred Resources of2.7 million ounces.Reserves for Crocodile Gold’sprojects total approximately1.1 million ounces.
  • 18. Why Invest in Crocodile Gold?Crocodile Gold has Growing ProductionProduction doubled over 2011 results with 155,523 oz produced2012 production targets were exceededProduction is expected to increase 10-15% in 2013, putting the company in anexclusive group of producersCrocodile Gold has Cash FlowMine operations generated Net Cash Flow of ~ $60mm in 201218Mine operations generated Net Cash Flow of ~ $60mm in 2012Crocodile Gold has a Significant Exploration & Project PipelineClear project pipeline over 5 years that includes:• Big Hill• Union Reefs• Maud CreekCrocodile Gold is One of the Cheapest Mid-Tier Gold ProducersMaking this an excellent entry point. If CRK increased to it’s peer median P/NAV of0.7x, shares would appreciate over 100%
  • 19. 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 atDe Beers Canada Inc. ("De Beers") where he was responsible for the Canadian operations of De Beers including Snap Lake and Victor Mines, theGahcho Kue Project and was acting CEO of De Beers. Mr. Lavoie has also worked for Barrick Gold Corporation at Goldstrike in Nevada and AurResources Inc. at the former 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 GroupFinancial Controller for Northgate Australian Venture Corporation (NAVCO), which was more recently acquired by Crocodile Gold Corporation.Bill Nielsen, P. Geo, Vice President ExplorationBill 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 discoveryof the 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.19OperationsTeam : Ian Holland, General Manager, Stawell Gold MineTroy Cole, General Manager, Fosterville Gold MinePeter Crooks, General Manager, Northern Territory
  • 20. 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 andcharitable boards. 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 Chiefserved 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.PeterTagliamonte, 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 WesternOntario. He is currently the President and CEO of Sulliden Gold, the former President and CEO of Central Sun Mining Inc. and former Chief OperatingOfficer of Desert Sun Mining Corp. where he was responsible for the development of the Jacobina Mine in Brazil into a 4,200-tonne-per-day miningoperation. Mr. Tagliamonte has over 25 years of progressive managerial experience building and operating mines worldwide, notably in Central andSouth America. In 2005, he received the Mining Journals "Mine Manager of the Year" award in recognition for his work in the mining sector.20
  • 21. Investor Contact InformationChantal LavoieChairman, President and CEO416-861-2964TSX: CRKOTCQX: CROCFFRANKFURT: XGCCrocodile Gold Corporation416-861-2964clavoie@crocgold.comInvestor RelationsRob Hopkins416-861-5899info@crocgold.comwww.crocgold.comFind us on:FRANKFURT: XGC21