Crocodile Gold Produces 54,024 Ounces of Gold in Q2 2014, a 12% Increase Over Q2 2013 - Seite 3

Crocodile Gold continues to progress the Big Hill Enhanced Development Project (the "Project") at Stawell. In June 2014, the Company released a positive Feasibility Study with a pre-tax IRR of 125% and NPV of A$38.5 million based on a discount rate of 8%. Full details of the Feasibility Study can be found in the Company's press release dated June 4, 2014 or in the Technical Report titled "Technical Report - Big Hill Enhanced Development Project At Stawell Gold Mine" dated June 2014 and prepared by Dean Basile, B.Eng. in Mining Engineering, GDipAppF&I, MAusIMM CP(Min), RPEQ, Manager Mining for Mining One consultants of Melbourne, Victoria and Stuart Hutchin BSc, Applied Geology, MAIG, MAusIMM, Geology Manager for Mining One consultants of Melbourne, Victoria, Australia. The Technical Report can be found at SEDAR and the Company's website at www.crocgold.com.

The Feasibility Study followed the release of the Environmental Effects Statement (EES) for the Big Hill Project in March, which will form the basis for the Ministerial assessment of the Project expected later in 2014. The EES was made available for public review and comment. The Project has now entered into formal Panel Hearings with government department representatives; at the completion of the hearings, the Panel will issue its recommendations to the Minister, expected in Q3 2014.

Cash Balance and Working Capital Position

At the end of the second quarter of 2014, Crocodile Gold had a preliminary cash balance of $34.2 million and working capital of approximately $21.0 million. Full financial details and associated all-in sustaining and operations cash cost details will be released in August 2014.

About Crocodile Gold

Crocodile Gold is a Canadian gold mining and exploration company with three operating mines in Australia, in the State of Victoria and the Northern Territory. The Company also has a combined land package in excess of 4,000 sq. km. Crocodile Gold is focused on sustainable production from its three operating mines, Cosmo, Stawell and Fosterville, while also exploring and developing the Company's assets to ensure continued production in the future. For additional information, please visit our website www.crocgold.com.