Mr. F.W. Nielsen reports

CROCODILE GOLD FILES TECHNICAL REPORTS FOR FOSTERVILLE AND COSMO GOLD MINES AND PROVIDES ANNUAL GENERAL MEETING INFORMATION

Crocodile Gold Corp. has filed technical reports prepared in accordance with National Instrument 43-101 (standards of disclosure for mineral projects) for the Fosterville gold mine and the Cosmo gold mine. These filings are in support of the May 20, 2014, news release, which outlined the updates to the estimated mineral reserves and mineral resources of the operating mines.

The technical reports are available on SEDAR and on Crocodile Gold's website.

Highlights from the technical reports included:

• Fosterville gold mine had a positive 30-per-cent increase in total estimated measured and indicated mineral resources of 16.6 million tonnes at 3.87 grams per tonne gold for 2.1 million ounces of gold and had an 84-per-cent increase in inferred mineral resources of 6.4 million tonnes at 3.78 g/t Au for 777,000 ounces of gold.
• Cosmo gold mine had a positive increase of 69 per cent in the measured mineral resource category and a total increase of 4 per cent in the total measured and indicated mineral resource categories of 4.5 million tonnes at 3.43 g/t Au for 500,000 ounces of gold.

At Fosterville, drilling in 2013 was focused on near-term targets in the Central and Harrier areas and resulted in the successful delineation of zones of mineralization that have led to growth in total measured and indicated mineral resources to over two million ounces of gold. This increase in mineral resources has extended the current life-of-mine plan, and an infill drilling program is planned for 2014 to further increase the mineral reserves at Fosterville.

At Cosmo, the mineral resources reported are contained within both the eastern and western lodes of the deposit. Drilling in 2013 was focused on near-term targets and was successful in increasing the mineral resources to 500,000 ounces of gold in the measured and indicated categories, while the mine also produced 57,500 ounces since June, 2013. These positive changes to the resources demonstrate a better understanding of the mineralized structures, and a 2014 exploration drilling program will focus on the down plunge extent of the deposit to potentially expand mineral resources.

Annual general meeting information

Crocodile Gold will be holding its annual general meeting on June 5 at 10 a.m. ET at the Sheraton Centre Toronto Hotel in the Kent room.

The company will be webcasting the AGM and has provided a link for interested parties to register for the event on the Crocodile Gold home page. Please visit the company's website for more details.

The reports supporting the mineral resource and reserve outlined in this press release will be filed concurrently under the titles: "Report on the mineral resources and mineral reserves of the Fosterville gold mine, Victoria, Australia," dated Dec. 31, 2013, and prepared by Troy Fuller, MAIG, geology manager, Fosterville gold mine; Simon Hitchman, FAusIMM, exploration manager, Victoria, and Murray Smith, MAusIMM, principal mining consultant, of Mining Plus Pty. Ltd., and "Report on the mineral resources and mineral reserves of the Cosmo Deeps gold project in the Northern Territory, Australia," dated Dec. 31, 2013, and prepared by Craig Pridmore, MAusIMM, geology manager of Crocodile Gold, and Murray Smith, MAusIMM, principal mining consultant, of Mining Plus Pty.

Qualified person

F.W. Nielsen, PGeo, technical consultant to 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 press release.

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