Crocodile Gold is an Australian gold mining company with assets in Northern Australia. It has over 3.3 million ounces of gold reserves and resources across its land package. The company is focused on growing production and discovering new resources through exploration. In 2011, Crocodile Gold plans to produce between 77,500-82,500 ounces of gold at a cash cost of $1,150-1,250 per ounce. It will ramp up production from its Cosmo underground mine and continue aggressive exploration across its portfolio to unlock additional value from its assets. The company's strategy is to increase near-term production from higher grade deposits, expand through exploration and development, and leverage its infrastructure to create a long-term sustainable mining

1. Accelerating Our Growth and Exploration
TSX: CRK
OTCQX: CROCF NOVEMBER 2011
FRANKFURT: XGC

2. Our Investment Advantage
TSX:CRK OTCQX: CROCF
 3.175 million ounces M&I and 2.14 million ounces Inferred
Assets  Over 3,300 km2 land package with proven historical production
 Financially well positioned to support exploration and production
 2010 production of 82,000 ounces
Production  2.4M TPA processing facility
 Expanding production profile with decreasing cash costs
 Outstanding potential to discover additional resources
Exploration  $10-12 million budgeted for exploration efforts in 2011
 Extensive exploration project and development pipeline
 Existing infrastructure (replacement value $200M)
Infrastructure  Adjacent to major highway and utilities (natural gas and power lines)
 Road, rail and deep sea port in close proximity
 Strong management team
Potential  Positioned for significant growth in the short and long term
 Exploration strength with excellent JV opportunities
2

3. Location & Infrastructure
Northern Australia TSX:CRK OTCQX: CROCF
 Total Surface area:
3,300km2
 Northern Territory
Historical Gold
Production:
14.9 million oz. (3
million oz. from
Crocodile Gold
tenements)
3

4. Our Assets
TSX:CRK OTCQX: CROCF
Exploration Development Production Processing
 Burnside Cosmo Howley Trend Union Reefs Mill
 Pine Creek/Union  underground  open pit mines  2.4M TPA
Reef mine
– Howley &  in operation,
 Maud Creek  initial ore mined Mottrams >94% availability
Q3 2011
 Moline
Pine Creek Area Yam Creek Trend
 Mt. Bundy Tom’s Gully Mill
 open pit mines  open pit mine
 Base Metals  240,000 TPA
– International – Princess
Louise  care and
Exploration – production maintenance
Potential upon receipt
of permits
>3,300 km2
Brocks Creek
 Rising Tide open
pit mine
4

5. Delivering Quality Production
Through 2011 TSX:CRK OTCQX: CROCF
2011 Key Catalysts
 Production from Cosmo
– Initial ore Q3 - 2011
– Will contribute 50% of ounces at full production (800,000 TPA ore)
 Aggressive exploration program (brownfields and greenfields)
 Increasing % of high grade mill feed throughout the year from Princess Louise & Cosmo
2011 Guidance 2011 Production 2011 Major Capital
77,500 to 82,500 oz Sources Investments
Cash Cost Open Pits: Howley mines, Cosmo underground
US$1,150 - $1,250/oz Princess Louise
Union Reefs mill improvements
Underground: Cosmo
Exploration
5

6. Production Pipeline
TSX:CRK OTCQX: CROCF
Generative Advanced Development
Production
Exploration Exploration Projects
Greenfields Reserve Extensions  Pine Creek North  Mottrams
 Burnside  Cosmo  Pine Creek South  North Point
Underground
 Moline  Maud Creek  Princess Louise
 Yam Creek Trend
 Maud Creek  Cosmo Underground  Cosmo
Extension  Gandys Underground
 Rising Tide
 Base Metal Identified Resources
Potential
 Union Reefs
Historical Resources Underground
 Golden Dyke  Bridge Creek,
 The Greeks Western Arm, Bons
Rush, Kazi
 Mt Bonnie
 Iron Blow
 Moline
6

7. Exploration
TSX:CRK OTCQX: CROCF
Strategy
 Growth through greenfields and brownfields exploration
Exploration Goals
 Reserves: Replace & Increase reserves from 650,000 oz
to 1M oz.
 Resources: Replace & Increase resources from 5M oz to
6M oz
 Discover “new” precious metal deposits
 Assess the Company’s 3,300km2 land position
2011 Objectives
 $10 - $12 Million budgeted
 Complete 30,000m of diamond drilling, 20,000m of RC
drilling
 Completed 4,000 line km of VTEM airborne geophysical
survey
7

8. Our Growth Strategy
TSX:CRK OTCQX: CROCF
 Short Term – Focus on higher quality ore
– Commissioning and Ramp-up of Cosmo underground mine
– Optimization of the Burnside area
– New production from the Union Reefs and Pine Creek areas
 Medium Term – Maximize value of gold assets
– Increase production from higher grade deposits
– Consolidation of assets
– Continued significant investment in Exploration on an annual basis
– Expansion of processing capabilities - scenario
 Long Term – Explore
– Development of Maud Creek Deposit
– Generate value out of the base metal deposits, currently 500,000
equivalent AU oz. in resource
8

9. Strategic Production Growth
Cost Comparison TSX:CRK OTCQX: CROCF
Burnside Burnside Cosmo Prospect Crosscourse
$1,200 7.0
Ore Grade (g/t)
$2.50 $2.50 Mining Cost per Tonne $44.00 $80.00 $44.00 6.0
$1,000
3.0 6.5 Strip Ratio N/A N/A N/A
5.0
Mining Cost per Tonne $800
$10.00 $18.75 $44.00 $80.00 $44.00
Milled 4.0
$16.00 $16.00 Processing Cost $16.00 $16.00 $16.00 $600
3.0
$8.25 $8.25 Ore Haulage $8.50 $1.00 $1.00
$400
Cash Cost
Site General & 2.0
$5.00 $5.00 $5.00 $5.00 $5.00
Administration
$200 1.0
$39.25 $48.00 Total $/Tonne Milled $73.50 $102 $66
1.30 1.50 Ore Grade g/t Au 4.50 6.00 4.50 $0 0.0
90.0% 93.0% Recovery 92.0% 92.0% 92.0%
$1,043 $1,070 Cost per Ounce $552 $575 $496
Open Pit Mines Underground Mine - Cosmo Underground Projects Potential
 Provide good margin  Provides leverage of additional high-  Based on existing operating data and projected Cosmo costs
(>US$500) to current grade ore leading to significantly lower  Union Reefs UG deposits show excellent potential to deliver
gold price cash costs/oz. low cost ounces to the production profile.
 Lower grade leads to  Will eventually make up 40% of mill – High-Grade targets (Prospect & Lady Alice)
higher cash cost feed (50% of ounces) which will: – Bulk-Ore targets (Crosscourse- “Cosmo Style”)
– Lower overall costs  Need to expand resources and complete detailed mining
– Improve overall production studies before deposits can be included in any future
 Potential for expansion at depth and on production forecasts
West Lodes
9

10. Our Growth Strategy
What could CRK look like? TSX:CRK OTCQX: CROCF
Strategic Plan
500 $1,500
400
Thousands oz.
$1,000
300
200
$500
100
0 $0
2010 2012 2014 2016 2018 2020
Burnside Cosmo UR/Pine Creek Maud Creek Cash Cost/oz.
Assuming the following:
 Continued production from Burnside, new production from UR/Pine Creek Surface & UG
 Successful conversion of resources into reserves
 Expansion of processing facilities by 2014
 Permitting, construction and operation of Maud Creek by 2016
10

11. Capital Structure &
Price Comparison TSX:CRK OTCQX: CROCF
Share Structure (At October 31, 2011) $1.80
$1.60
Historical Share Price
Basic: 310,027,546 $1.40
Warrants: 69,499,116 $1.20
$1.00
Options: 19,441,204 $0.80
$0.60
Fully Diluted*: 401,615,366 $0.40
$0.20
Market Capitalization: $161.2 Million $0.00
1-Apr-11
1-May-11
1-Nov-10
1-Feb-11
1-Aug-11
1-Sep-11
1-Jul-11
1-Dec-10
1-Jan-11
1-Mar-11
1-Jun-11
1-Oct-11
52 Week Trading Range $0.47 – $1.63
*Including 2.5 million shares to be issued under the Company Share Compensation Plan
2.0
Economic Value/oz Au Price to Net Asset Value Price to Net Asset Value
 EV/oz Au Producer Average =  Valuation at 0.5x net assets Comparison
1.5
$US 145/oz  Share price trading at a discount
 Crocodile Gold = $US 45/oz when compared to peers 1.0
Source: NBF on June 15, 2011 Source: Raymond James Updated as of June 14,
2011
0.5
Analyst Coverage 0.0
Cormark Securities  Frasier Mackenzie ORA CRK AGI GSC LSG YRI ANO ELD AEM
Raymond James  Union Securities
11

12. Management & Board
TSX:CRK OTCQX: CROCF
Management Board of Directors
Chantal Lavoie, P.Eng. Stan Bharti, P.Eng.
President and Chief Executive Officer Chairman
Chantal Lavoie P.Eng.
David Keough
Chief Operating Officer George Faught, CA
Steve Woodhead
Chief Financial Officer Mike Hoffman, P.Eng.
Bill Nielsen, P. Geo
Bruce Humphrey, P.Eng.
Vice President Exploration
Colinda Parent Peter Tagliamonte, P.Eng.
Vice President Business Development
Brianna Davies
Corporate Secretary
12

13. Our Investment Advantage
TSX:CRK OTCQX: CROCF
 3.175 million ounces M&I and 2.14 million ounces Inferred
Assets  Over 3,300 km2 land package with proven historical production
 Financially well positioned to support exploration and production
 2010 production of 82,000 ounces
Production  2.4M TPA processing facility
 Expanding production profile with decreasing cash costs
 Outstanding potential to discover additional resources
Exploration  $10-12 million budgeted for exploration efforts in 2011
 Extensive exploration project and development pipeline
 Existing Infrastructure (replacement value $200M)
Infrastructure  Adjacent to major highway and utilities (natural gas and power lines)
 Road, Rail and Deep Sea Port in close proximity
 Strong Management Team
Potential  Positioned for significant growth in the short and long term
 Exploration strength with excellent JV opportunities
13

14. Investor Contact Information
TSX:CRK OTCQX: CROCF
Crocodile Gold Corporation
Chantal Lavoie Investor Relations
President and CEO Rob Hopkins
416-861-2964 416-861-5899
clavoie@crocgold.com info@crocgold.com
TSX: CRK
OTCQX: CROCF www.crocgold.com
FRANKFURT: XGC Find us on
A Member of the Forbes & Manhattan Group of Companies
14

15. TSX:CRK OTCQX: CROCF
Additional Information
15

16. Reserve Summary
December 31, 2010 TSX:CRK OTCQX: CROCF
PROBABLE MINERAL RESERVE
Gold Grade Ounces
Project Deposit Cut-off (g/t) Tonnes
(g/t) Gold
Burnside Brocks Creek 7.1 34,000 8.6 9,300
Cosmo Deeps 3.1 3,100,000 4.2 420,000
Howley 1.0 340,000 1.6 18,000
North Point 1.0 55,000 2.3 4,000
Princess Louise 1.0 200,000 1.5 9,700
Mottrams 1.0 980,000 1.2 39,000
Pine Creek Kohinoor 1.0 290,000 1.9 18,000
Cox 1.0 500,000 1.6 26,000
International 1.0 1,300,000 1.5 65,000
Gandys 1.0 480,000 1.7 26,000
South Enterprise 1.0 420,000 2.0 27,000
TOTAL 7,699,000 2.7 662,000
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability
Gold Price: $US1000/oz
$A:$US 0.91
Note: Mineral Reserves are included in Mineral Resources. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Depleted for mining as at December 31, 2010 and does
not include any depletion for mining since such date.
The Mineral Reserve estimate was reviewed and optimized by Mark Edwards who is a “qualified person” as such term is defined in National Instrument 43-101 and has supervised the preparation of the technical
information and data included in this news release. The mineral resource estimate was generated using the following parameters:
• Models used have been reviewed and optimized by Mark Edwards and Fleur Muller
• Model technique is Ordinary Kriging, Multiple Indicator Kriging or Inverse Distance (review NI43-101 for more details)
• Mineralization wireframes conducted on 0.4-2g/t material with a minimum width of 1-2m depending on deposit and mineralization styles
• High grade top cut used of 2-40g/t depending on statistical review of sample results
• 1m metre samples with core half core or split RC samples used in models
• Samples were generally submitted to NAL and analyzed using 50g fire assay with AAS finish, some samples were submitted to umpire laboratory for QAQC purposes
16

17. Resource Summary
December 31, 2010 TSX:CRK OTCQX: CROCF
M+I MINERAL RESOURCE INFERRED MINERAL RESOURCE
Project Tonnes Gold Grade (g/t) Ounces Gold
Tonnes Gold Grade (g/t) Ounces Gold
A
Mt Bundy* 20,241,000 1.0 664,800 10,513,000 1.0 350,800
Burnside* 16,553,330 2.4 1,268,500 18,679,800 2.2 1,323,200
Union Reefs 239,000 2.4 18,200 3,740,000 1.7 204,200
Pine Creek 5,528,000 1.6 288,600 2,347,000 2.4 183,200
Maud Creek* 9,288,000 3.1 935,000 1,072,000 2.4 82,000
Total 51,849,330 1.9 3,175,100 36,351,800 1.8 2,143,400
*Includes Underground Resources
A
Crocodile Gold holes 80% interest in the Rustlers Roost deposit which is included in this Project
Please Note: Mineral Resources include Mineral Reserves. 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 mineral resources may never be upgraded to proven and probable mineral reserves.
Calculated at a gold price of US$1,000>/oz and exchange rate of $A0.91:US$1.00 ) and contained within optimizing pit shells using current operating costs
MINERAL RESOURCE STATEMENT (Other Commodities)
INFERRED MINERAL RESOURCE
Project Deposit Commodity Cut-off Tonnes Grade (ppm) Contained metal
Lead 1.0g/t Au 3,175,000 7,595 53,163,000 pounds
Iron Blow Zinc 1.0g/t Au 3,175,000 32,823 229,750,000 pounds
Burnside Silver 1.0g/t Au 3,175,000 101 10,200,000 ounces
C
Thunderball Uranium 200ppm 316,800 796 556,000 pounds
C
Crocodile Gold has a 30% free carried interest in this deposit
17

18. Our Assets
Burnside – Howley Trend TSX:CRK OTCQX: CROCF
18

19. Burnside - Howley Trend
2011/12 Production - Open Pit TSX:CRK OTCQX: CROCF
Howley Pit
 Successfully completed mining in Q2
2011
 Possible extension – West Howley being
investigated
Mottrams Pit
 Initiated production in Q2 2011, Howley Pit and Ore ROM Pad
transitioning from Howley pit
 Main open pit feed for remainder of
2011
Optimizing the operations
 Increasing equipment fleet in H2 2011
 Current plan is to have >400,000t of
stockpile material in place prior to the
next wet season.
Mottrams Pit – Looking West 19

20. Burnside – New Production
2011/12 Production - Open Pit TSX:CRK OTCQX: CROCF
Princess Louise Pit
 Initiated production in Q3 of 2011
 Will contribute to improving open pit mine
grade for the remainder of 2011 and going into
2012
North Point Pit Princess Louise Open Pit
 Production scheduled for 2012
Rising Tide Pit
 Production schedule for 2012, possibly earlier
 Main open pit feed for 2012
Rising Tide Open Pit
20

21. Burnside – Howley Trend
Cosmo Dewatering Progress TSX:CRK OTCQX: CROCF
Cosmo Pit Dewatering
 On schedule for completion in Q3
2011
 By October 2011, a total of 5.7 Glitres
of water will have been pumped out.
 Once dewatering is complete,
underground production will begin
Way forward
 Surge capacity & Infrastructure in
place to address the upcoming wet
season.
21

22. Burnside – Howley Trend
Development - Cosmo TSX:CRK OTCQX: CROCF
Underground Mine
 Target production of
800,000 TPA
 Initial ore Q3, 2011
 Ramp-up to full production
in 2012
East Lodes - Reserves
& Resources
 Main focus of initial
production
 Expansion potential at
depth
22

23. Burnside - Howley Trend
Development - Cosmo TSX:CRK OTCQX: CROCF
West Lodes - Resources
• Significant potential for expansion
• Present development plan limited to near surface portion
• Infrastructure design to handle future development
23

24. Burnside - Howley Trend
Cosmo Underground Development TSX:CRK OTCQX: CROCF
Western
Lodes
3D Isometric View & Composite
Development Plan
24

25. Pine Creek/Union Reefs
New Production - 2012 TSX:CRK OTCQX: CROCF
Improving the cost profile
 Production close to Union Reefs mill with minimum
transport cost
 Potential for both surface and underground mines,
higher grade ore
Pine Creek – International Open Pit
 In the permitting process
 Potential to add to 2012 production profile.
Union Reefs – Underground Ore Bodies
 Located on granted mining lease and ability to bring in
to production very quickly
 Next to the process plant so essentially no trucking
costs
 Several high grade intersections over 3 distinct ore
bodies (Prospect, Lady Alice, Crosscourse)
25

26. Pine Creek/Union Reefs
Potential High Grade Deposits TSX:CRK OTCQX: CROCF
Historical Production/Intercepts:
Union Reefs = 800,000 oz Au
Pine Creek = 750,000 oz Au
Significant potential to increase existing resources
Union North: Lady Alice:
3m @ 24.56 g/t Au 5m @ 31.97 g/t Au
3m @ 45.10 g/t Au
Prospect Claim:
3m @ 37.50 g/t Au
4m @ 27.00 g/t Au
Crosscourse – “Cosmo” scale target:
11m @ 6.60g/t Au 19m @ 10.62 g/t Au
36m @ 4.10 g/t Au 9m @ 24.40 g/t Au
16m @ 6.00 g/t Au 9m @ 4.00 g/t Au
8m @ 10.16 g/t Au
26

27. Exploration
Regional Program TSX:CRK OTCQX: CROCF
Airborne Geophysics
 More than 4,000 line km’s completed of
AEM and magnetometer survey
 Geotech VTEM system- state of the art
 Includes Moline and Maud Creek tenements
 Ground follow-up of individual targets
underway
Review of historical information
 Major database compilation in progress of
all past work including government files
 Will ultimately be able to access and
manipulate all past geochemical and
geophysical surveys. Tens of thousands of
geochemical sample results available.
 It is anticipated that thousands of past drill
holes with assays and logs will be found and
incorporated into the database
 Acquired high resolution satellite imagery
for all areas Airborne Geophysical
Survey Areas 27

28. Exploration
Three Key Areas TSX:CRK OTCQX: CROCF
Burnside
Union Reefs-
Pine Creek
Maud Creek
28

29. Exploration
Burnside Area TSX:CRK OTCQX: CROCF
Reserves & Resources
• 1.2M oz of Measured &
Indicated
• 1.3M oz of Inferred
Howley Trend:
 a 25 km long structure with
additional deposits of interest
 Includes Cosmo Underground
and Howley Open Pits
Eastern Side
 Similar trend with known
deposits – past production
 Presence of base metal
deposits with significant
precious metal content
 Cosmo look-a-likes 29

30. Exploration
Union Reefs/Pine Creek area TSX:CRK OTCQX: CROCF
Reserves & Resources
• 306,800 oz of Measured &
Indicated
• 387,400 oz of Inferred
Potential
 New targets adjacent to Union
Reefs Mill
 Potential for near term, low cost
production
 2011 focus on shallow and near
surface deposits
30

31. Exploration – Strategic Assets
Gold Deposits - Maud Creek TSX:CRK OTCQX: CROCF
Previously Mined 173,600t @3.32g/t Au for
18,500oz
Resources
 Indicated - 9,288,000t @ 3.1g/t Au for
935,000oz
 Greater than 4.5g/t Au – 3.1 Mt @ 6.3 g/t for
628,000oz
 Inferred - 1,072,000t @2.4g/t Au for 82,000oz
(using a 1.0g/t Au cut-off)
Maud Creek
Future Development Optimized Pit Shell
 Partially refractory – metallurgical testing
indicates 90-95% recovery by flotation with
concentrates grading 6 opt.
 Near the town of Katherine – 8km haul road
to paved highway Typical Section
 Significantly expanded land position
Maud Creek Deposit
 North south trending, good widths, excellent
configuration for underground mining 31

32. Exploration
Other Key Strategic Assets TSX:CRK OTCQX: CROCF
Massive Sulphide
Deposits
 Iron Blow
 Mount Bonnie
Gold Deposits
 Mt. Bundy
 Moline
Uranium Deposits
 Thunderball
32

33. Exploration – Strategic Assets
Massive Sulfide Deposits TSX:CRK OTCQX: CROCF
Mount Bonnie Iron Blow
Historic Resource* Historic Production
 650,000t - 1.7g/t Au, 279g/t Ag = Au eq 9.3g/t or  10,000t oxide @ 9g/t Au and 250g/t Ag = Au eq
194,000oz 15.8g
 plus 9% Zn, 2% Pb, 0.5% Cu  25,000t sulphide (supergene) @ 7g/t Au and
360g/t Ag = Au eq 17g
Oxide Cap previously mined
 Total production Au eq = 18,747oz
 110,000t @ 7g/t Au and 230g/t Ag
Current Inferred Resources
 Au eq = 13.3g/t Au or 47,000oz Au
 3,175,000t @ 2.1g/t Au, 101g/t Ag, 3.3% Zn,
Aeromagnetics- tilt derivative
0.76% Pb, 0.19% Cu
 Au eq = 4.85g or 495,000oz
(only Au and Ag considered)
* “Gold Deposits of the Northern Territory” by Ahmad, Wygralak and Ferenczi, 2009. A qualified person has not done sufficient work to classify this historical estimate as current mineral
resources or mineral reserves. Crocodile Gold is not treating the historical estimate as current mineral resources or mineral reserves and the historical estimate should not be relied upon.
Crocodile Gold believes with minimal confirmatory drilling this historic resource information could be included in the Mineral Resource inventory.
33

34. Exploration
Mount Bundy Area TSX:CRK OTCQX: CROCF
Reserves & Resources
 664,800 oz of M&I
 350,800 oz of Inferred
Infrastructure:
 Tom’s Gully mill, presently on
Care & Maintenance
Deposits
 Tom’s Gully
 Mt Bundy (Rustler’s Roost)
 Quest 29
Way Forward
 Evaluating possible divestment
34

35. Forward Looking Statements
TSX:CRK OTCQX: CROCF
This presentation contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statements
with respect to the development potential and timetable of the projects; the Company‟s ability to raise additional funds as necessary; the future price of gold; the
estimation of mineral resources; conclusions of economic evaluation (including scoping studies); the realization of mineral resource 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 or
processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking statements 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 statements are 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 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 described in 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 based on mine plans and production
schedules, which have been developed by the Company‟s personnel and independent consultants. Forward-looking statements are 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 materially different from
those expressed or implied by such forward-looking statements, 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 prices of 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 cause actual results to differ materially from those contained in forward-looking statements, 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 be accurate, 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
statements. The Company does not undertake to update any forward-looking statements 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 do not 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.
Non-GAAP Measures
Crocodile 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 performance in accordance with the International Financial Reporting Standards.
“Cash Cost per Ounce” is a non-GAAP 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 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 of computation of „cash cost per ounce” as determined by the Company compared with other mining
companies.
Qualified Person
David Keough, MAusIMM of Crocodile Gold Australia Operations 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 presentation.
Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred Resources
The 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 and Exchange 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
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 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 legally mineable.
35