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May 11
Gold Deposits in the Pine Creek Orogen
                       Containing >10t or 300,000 oz
     Only 12 Deposits Containing >10t Au
      Crocodile Gold controls 9 of them
    Deposit          Mil Tonnes   Grade g/t       Oz
•   Mount Todd       298          0.80        7,667,000*
•   Union Reefs      38.1         1.99        2,431,561
•   Rustlers Roost   30.2         0.90           875,200*
•   Cosmo Howley     10.4         2.80           935,300
•   Enterprise       7.2          2.70           623,724
•   Brocks Creek     7.9          2.01           510,570
•   Tom’s Gully      0.7          8.70           251,680*
•   Woolwonga        5.0          2.84           453,936
•   Chinese Howley   9.4          1.49           451,718
•   Maud Creek       10.3         3.07        1,017,000*
•   Spring Hill      13.6         0.80           350,000*
•   Goodall          4.3          2.40           331,796
    Total            435.2        1.13        15,869,442
Minus Mt Todd        137.2        1.86         8,203,847

•   over 250 gold occurrences discovered to
    date
•   primarily mined as surface oxides                       2
OBJECTIVES 2011 - 2012
• Replace and increase reserves to 1 million ounces
  (currently 650,000 oz)- emphasis on higher grades
• Replace and increase resources, both indicated and
  inferred to 6.5 million ounces (currently 5 million oz)–
  emphasis on higher grades
• Discover “new” precious metal deposits
• Assess the Company’s 2,700km2 land position
• Negotiate for non-CRK properties with defined
  resources – must make economic sense
                                                       3
BURNSIDE, UNION REEFS, PINE CREEK AND MOLINE TENEMENTS



Burnside




                                            Moline
                     Union
                     Reefs




              Pine
             Creek
                                                      4
PRIORITIES
• Define and increase resources at West Lode – Cosmo. Upgrade
  Inferred resources at Cosmo East Lode to Indicated
• Define high-grade resources at Union Reefs for underground mining
• Upgrade and further define resources at Iron Blow and Mt Bonnie –
  massive sulphide deposits important to CrocGold
• Upgrade and further define resources at Maud Creek
• Upgrade resources along the Cosmo-Howley Trend for continuation
  of Mine Plan
• Explore Moline and Burnside Areas in 2011-2012
• Find “NEW” precious metal deposits


                                                                5
COSMO MINE
                  Discovered 1873, mined 32,500 oz 1879-1915, 1987-94 two pits produced 550,000 oz from
                  7.7Mt grading 2.3g/t




 Western
  Lodes


                                                                                   Initial
                                        Eastern                                 Underground
                                         Lodes                                  Development
Bird’s eye View


                                                                Reserves: 3.1Mt @ 4.2 g/t Au
                                                                for 420,000 oz

                                                                Resources: Indicated, 5.3Mt @
                                                                4.6 g/t Au for 776,000 oz
                                                                Inferred, 5.6Mt @ 3.7 g/t Au
                                                                for 676,000 oz              6
COSMO MINE – WEST LODES




                      7
COSMO MINE - EAST LODE
                                Exploration
                                  target




                       Define New
                        Inferred

           Upgrade
         Inferred to
          indicated



                                              8
Outside Exploration - Cosmo
Conductive/Magnetic Targets Associated With the
                 Cosmo Trend




                         Conductive/magnetic Horizon

                                                Identified Gossan




 AEM
                                                           9
DEPOSITS ON THE COSMO – HOWLEY TREND

                           INFERRED RESOURCES
                 Kazi, Bridge Creek, Bons Rush, Western Arm
                         6,394,500t @ 2.15g/t, 273,200 oz

25
km                 2011 - Drill programs to upgrade from Inferred to
                   Indicated ounces. Hand over to Mine Planning for
                   optimization. 3,000m diamond drilling, 2000m RC

                   Greek Deposits – 2011 drill programs to define
                   resources



         Cosmo
                                                                       10
UNION REEFS
                                              Crosscourse pit




   Looking NE                Prospect pit



                                                                                Resources: 8 deposits
                                                                                Indicated: 239,000t @ 2.4 g/t Au
                                                                                Inferred: 3,740,00t @ 1.7 g/t Au
                                                                                For 204,200 ounces



Historic reports modeled                                                      Exploration Targets
144,000t @11.7g/t Au to                                                        For Underground
very limited depths. Widths                                                         Mining
are 4.0-4.5m
                        A 3D view of Prospect Claim and Crosscourse pits with the various wire-framed lodes.
                                                                                                                          11
      The light blue lode is the Main Lode, the red are secondary lodes wire-framed at both Crosscourse and Prospect Claim.
The Blue lode is the E Lens which was the major +4g/t ore zone mined in Crosscourse. The lode plunges ~60° N below Crosscourse.
PINE CREEK DEPOSITS
      Town of Pine Creek   Reserves   •Mined since 1890’s
                                      •Approx 750,000 oz
                                      produced

                                      •Reserves – 5 deposits
                                      2.99Mt @ 1.7 g/t Au for
                                      162,000 oz

                                      •Resources – 8 deposits
                                      Indicated – 5.53Mt @ 1.62
                                      g/t Au for 288,600 oz
                                      Inferred – 2.35Mt @ 2.42
                                      g/t Au for 183,200 oz




                                                            12
North Gandys Longitudinal Section

south             Exploration Target                            north




              Inferred Resources: 482,000t @ 2.9g/t for 45,300 oz




                                                                    13
MASSIVE SULPHIDES
•  An excellent target for precious metals – oxide caps (up to 20-30m thick)
  can contain significant gold and silver values
• Significant copper and precious metals can form under the oxide cap
• Not previously targeted in the Pine Creek Orogen, in fact historical records
  indicate “iron blows” were shunned as they were thought to be devoid of
  gold.
• Hypothetical Target: length 2,000m x 20m wide x 30m thick x SG 3.8
  = 4.6 Mt x7 g/t Au = 1million oz.
• Easily found with airborne geophysics, follow stratigraphic horizons, find
  one and there is significant potential to find more
• Example - Bisha deposit in Eritrea, currently producing 1,000 oz/day
                                        @ 7- 8g/t Au at $300/oz
• Examples in the area, Iron Blow, Mt Bonnie, Mt Ellison, Evelyn (Moline
  area, 83,000t @12% Pb+Zn and 260g/t Ag = 7.2g/t Au eq)
                                                                        14
BASE METAL/PRECIOUS METAL TARGETS



                Mt Ellison




                                Iron Blow



                             Mt Bonnie




                                            15
MOUNT BONNIE
Historic Resource
650,000t - 1.7g/t Au, 279g/t Ag =
Au eq 9.3g/t or 194,000oz
plus 9%Zn, 2%Pb, 0.5%Cu
Oxide Cap previously mined
110,00t @ 7g/t Au and 230g/t Ag
Au eq = 13.3g/t Au or 47,000oz Au




   Aeromagnetics- tilt derivative

Airborne geophysical signature –
strong AEM conductor with a distinct                  16
magnetic anomaly
IRON BLOW
• Historic Production
•   10,000t oxide @ 9g/t Au and 250g/t Ag
•    = Au eq 15.8g
•   25,000t sulphide (supergene) @ 7g/t Au and 360g/t
    Ag = Au eq 17g
•   Total production Au eq = 18,747oz                                      PLAN

• Current Inferred Resources
•   3,175,000t @ 2.1g/t Au, 101g/t Ag,
         3.3% Zn, 0.76% Pb, 0.19% Cu
•   Au eq = 4.85g or 495,000oz (only Au and Ag considered)



                                What to look for             Interpreted
                                                               section
                                                                             17
MAUD CREEK DEPOSIT
Resources
Indicated - 9,288,000t @3.1g/t Au for 935,000oz
Inferred - 1,072,000t @2.4g/t Au for 82,000oz
Using a 1.0g/t Au cut-off



•Indicated Resource -Greater than 4.5g/t Au –
                3.1 Mt @ 6.3 g/t for 628,000oz
•Partially refractory – metallurgical testing
indicates 90-95% recovery by floatation with      Deposit
concentrates grading between 4 and 5 opt.
•Near the town of Katherine – 8km haul road to
paved highway
•Significant asset to Crocodile Gold
•North south trending, good widths, excellent
configuration for underground mining
                            Maud Creek Pit
                            looking south



                                                            18
MAUD CREEK DEPOSIT
                                          Indicated 9.3Mt @ 3.1g/t and Inferred 1.07Mt @2.4g/t



Mined 173,600t @3.32g/t Au – 18,500oz




                                                                                                 19
MAUD CREEK DEPOSIT
Drill program planned to explore at depth and increase resources - 2011.




                                                                           20
MAUD CREEK
            Interpreted Geology
                    and
             Exploration Targets


               Exploration Target




 Maud                 2011
 Creek    •Resource Review
Deposit   •Diamond Drilling to verify and
          increase resources on the Main
          Zone
          •Airborne Geophysical Survey
          •Exploration of targets to
          increase resources
                                            21
AIRBORNE GEOPHYSICAL SURVEY AREAS
               3,700 line km - Scheduled for mid-June

Bons Rush




               Mt. Ellison


                                      Woolwonga




                                                  •Combined AEM and magnetometer
                    Brocks Creek
                                                  survey
       Cosmo Mine        Mt. Bonnie               •Geotech VTEM system- state of the
                                                  art

                                                  •Includes Moline and Maud Creek
                                                  tenements
                                                                              22
SUMMARY
   Planning on 4 surface diamond drills and one RC rig as well as 2
                       underground drill rigs
•Cosmo, Union Reefs, Maud Creek – 20,000m of surface diamond
drilling and 2,000m of RC drilling to upgrade Inferred to Indicated
Resources - increase Reserves. Underground rigs to operate at Cosmo
throughout 2011.
•Precious Metal/Base Metal Deposits – 10,000 meters of diamond
drilling in order to increase resources
•Pine Creek – 2,000m diamond drilling and 2,000m of RC drilling to
increase resources
•Other Deposits – 6,000m of diamond drilling and 15,000m of RC
drilling to increase resources for open pit mining and convert
resources to reserves
•38,000m of diamond drilling, 19,000m of RC drilling plus RAB in 2011
•3,700 km of airborne geophysical survey
•$10 - $12 Million budgeted                                         23
May 11

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CRK Exploration AGM May 2011

  • 2. Gold Deposits in the Pine Creek Orogen Containing >10t or 300,000 oz Only 12 Deposits Containing >10t Au Crocodile Gold controls 9 of them Deposit Mil Tonnes Grade g/t Oz • Mount Todd 298 0.80 7,667,000* • Union Reefs 38.1 1.99 2,431,561 • Rustlers Roost 30.2 0.90 875,200* • Cosmo Howley 10.4 2.80 935,300 • Enterprise 7.2 2.70 623,724 • Brocks Creek 7.9 2.01 510,570 • Tom’s Gully 0.7 8.70 251,680* • Woolwonga 5.0 2.84 453,936 • Chinese Howley 9.4 1.49 451,718 • Maud Creek 10.3 3.07 1,017,000* • Spring Hill 13.6 0.80 350,000* • Goodall 4.3 2.40 331,796 Total 435.2 1.13 15,869,442 Minus Mt Todd 137.2 1.86 8,203,847 • over 250 gold occurrences discovered to date • primarily mined as surface oxides 2
  • 3. OBJECTIVES 2011 - 2012 • Replace and increase reserves to 1 million ounces (currently 650,000 oz)- emphasis on higher grades • Replace and increase resources, both indicated and inferred to 6.5 million ounces (currently 5 million oz)– emphasis on higher grades • Discover “new” precious metal deposits • Assess the Company’s 2,700km2 land position • Negotiate for non-CRK properties with defined resources – must make economic sense 3
  • 4. BURNSIDE, UNION REEFS, PINE CREEK AND MOLINE TENEMENTS Burnside Moline Union Reefs Pine Creek 4
  • 5. PRIORITIES • Define and increase resources at West Lode – Cosmo. Upgrade Inferred resources at Cosmo East Lode to Indicated • Define high-grade resources at Union Reefs for underground mining • Upgrade and further define resources at Iron Blow and Mt Bonnie – massive sulphide deposits important to CrocGold • Upgrade and further define resources at Maud Creek • Upgrade resources along the Cosmo-Howley Trend for continuation of Mine Plan • Explore Moline and Burnside Areas in 2011-2012 • Find “NEW” precious metal deposits 5
  • 6. COSMO MINE Discovered 1873, mined 32,500 oz 1879-1915, 1987-94 two pits produced 550,000 oz from 7.7Mt grading 2.3g/t Western Lodes Initial Eastern Underground Lodes Development Bird’s eye View Reserves: 3.1Mt @ 4.2 g/t Au for 420,000 oz Resources: Indicated, 5.3Mt @ 4.6 g/t Au for 776,000 oz Inferred, 5.6Mt @ 3.7 g/t Au for 676,000 oz 6
  • 7. COSMO MINE – WEST LODES 7
  • 8. COSMO MINE - EAST LODE Exploration target Define New Inferred Upgrade Inferred to indicated 8
  • 9. Outside Exploration - Cosmo Conductive/Magnetic Targets Associated With the Cosmo Trend Conductive/magnetic Horizon Identified Gossan AEM 9
  • 10. DEPOSITS ON THE COSMO – HOWLEY TREND INFERRED RESOURCES Kazi, Bridge Creek, Bons Rush, Western Arm 6,394,500t @ 2.15g/t, 273,200 oz 25 km 2011 - Drill programs to upgrade from Inferred to Indicated ounces. Hand over to Mine Planning for optimization. 3,000m diamond drilling, 2000m RC Greek Deposits – 2011 drill programs to define resources Cosmo 10
  • 11. UNION REEFS Crosscourse pit Looking NE Prospect pit Resources: 8 deposits Indicated: 239,000t @ 2.4 g/t Au Inferred: 3,740,00t @ 1.7 g/t Au For 204,200 ounces Historic reports modeled Exploration Targets 144,000t @11.7g/t Au to For Underground very limited depths. Widths Mining are 4.0-4.5m A 3D view of Prospect Claim and Crosscourse pits with the various wire-framed lodes. 11 The light blue lode is the Main Lode, the red are secondary lodes wire-framed at both Crosscourse and Prospect Claim. The Blue lode is the E Lens which was the major +4g/t ore zone mined in Crosscourse. The lode plunges ~60° N below Crosscourse.
  • 12. PINE CREEK DEPOSITS Town of Pine Creek Reserves •Mined since 1890’s •Approx 750,000 oz produced •Reserves – 5 deposits 2.99Mt @ 1.7 g/t Au for 162,000 oz •Resources – 8 deposits Indicated – 5.53Mt @ 1.62 g/t Au for 288,600 oz Inferred – 2.35Mt @ 2.42 g/t Au for 183,200 oz 12
  • 13. North Gandys Longitudinal Section south Exploration Target north Inferred Resources: 482,000t @ 2.9g/t for 45,300 oz 13
  • 14. MASSIVE SULPHIDES • An excellent target for precious metals – oxide caps (up to 20-30m thick) can contain significant gold and silver values • Significant copper and precious metals can form under the oxide cap • Not previously targeted in the Pine Creek Orogen, in fact historical records indicate “iron blows” were shunned as they were thought to be devoid of gold. • Hypothetical Target: length 2,000m x 20m wide x 30m thick x SG 3.8 = 4.6 Mt x7 g/t Au = 1million oz. • Easily found with airborne geophysics, follow stratigraphic horizons, find one and there is significant potential to find more • Example - Bisha deposit in Eritrea, currently producing 1,000 oz/day @ 7- 8g/t Au at $300/oz • Examples in the area, Iron Blow, Mt Bonnie, Mt Ellison, Evelyn (Moline area, 83,000t @12% Pb+Zn and 260g/t Ag = 7.2g/t Au eq) 14
  • 15. BASE METAL/PRECIOUS METAL TARGETS Mt Ellison Iron Blow Mt Bonnie 15
  • 16. MOUNT BONNIE Historic Resource 650,000t - 1.7g/t Au, 279g/t Ag = Au eq 9.3g/t or 194,000oz plus 9%Zn, 2%Pb, 0.5%Cu Oxide Cap previously mined 110,00t @ 7g/t Au and 230g/t Ag Au eq = 13.3g/t Au or 47,000oz Au Aeromagnetics- tilt derivative Airborne geophysical signature – strong AEM conductor with a distinct 16 magnetic anomaly
  • 17. IRON BLOW • Historic Production • 10,000t oxide @ 9g/t Au and 250g/t Ag • = Au eq 15.8g • 25,000t sulphide (supergene) @ 7g/t Au and 360g/t Ag = Au eq 17g • Total production Au eq = 18,747oz PLAN • Current Inferred Resources • 3,175,000t @ 2.1g/t Au, 101g/t Ag, 3.3% Zn, 0.76% Pb, 0.19% Cu • Au eq = 4.85g or 495,000oz (only Au and Ag considered) What to look for Interpreted section 17
  • 18. MAUD CREEK DEPOSIT Resources Indicated - 9,288,000t @3.1g/t Au for 935,000oz Inferred - 1,072,000t @2.4g/t Au for 82,000oz Using a 1.0g/t Au cut-off •Indicated Resource -Greater than 4.5g/t Au – 3.1 Mt @ 6.3 g/t for 628,000oz •Partially refractory – metallurgical testing indicates 90-95% recovery by floatation with Deposit concentrates grading between 4 and 5 opt. •Near the town of Katherine – 8km haul road to paved highway •Significant asset to Crocodile Gold •North south trending, good widths, excellent configuration for underground mining Maud Creek Pit looking south 18
  • 19. MAUD CREEK DEPOSIT Indicated 9.3Mt @ 3.1g/t and Inferred 1.07Mt @2.4g/t Mined 173,600t @3.32g/t Au – 18,500oz 19
  • 20. MAUD CREEK DEPOSIT Drill program planned to explore at depth and increase resources - 2011. 20
  • 21. MAUD CREEK Interpreted Geology and Exploration Targets Exploration Target Maud 2011 Creek •Resource Review Deposit •Diamond Drilling to verify and increase resources on the Main Zone •Airborne Geophysical Survey •Exploration of targets to increase resources 21
  • 22. AIRBORNE GEOPHYSICAL SURVEY AREAS 3,700 line km - Scheduled for mid-June Bons Rush Mt. Ellison Woolwonga •Combined AEM and magnetometer Brocks Creek survey Cosmo Mine Mt. Bonnie •Geotech VTEM system- state of the art •Includes Moline and Maud Creek tenements 22
  • 23. SUMMARY Planning on 4 surface diamond drills and one RC rig as well as 2 underground drill rigs •Cosmo, Union Reefs, Maud Creek – 20,000m of surface diamond drilling and 2,000m of RC drilling to upgrade Inferred to Indicated Resources - increase Reserves. Underground rigs to operate at Cosmo throughout 2011. •Precious Metal/Base Metal Deposits – 10,000 meters of diamond drilling in order to increase resources •Pine Creek – 2,000m diamond drilling and 2,000m of RC drilling to increase resources •Other Deposits – 6,000m of diamond drilling and 15,000m of RC drilling to increase resources for open pit mining and convert resources to reserves •38,000m of diamond drilling, 19,000m of RC drilling plus RAB in 2011 •3,700 km of airborne geophysical survey •$10 - $12 Million budgeted 23