Crocodile Gold Produces 163,516 Ounces of Gold in First Nine Months of 2014 and Raises Annual Production Guidance to 220,000-225,000 Ounces of Gold

TORONTO, ONTARIO--(Marketwired - Oct. 14, 2014) - Crocodile Gold Corp. (TSX:CRK)(TSX:CRK.DB)(TSX:CRK.WT)(OTCQX:CROCF)(FRANKFURT:XGC) ("Crocodile Gold" or the "Company") is reporting production results for the third quarter of 2014 and updating its gold production guidance for the year to 220,000-225,000 ounces, which represents approximately a 10% increase over initial 2014 guidance of 200,000-210,000 ounces. The updated lower end of the range of 220,000 ounces also represents approximately a 5% increase over Crocodile Gold's 2013 actual production of 210,696 ounces.

Consolidated Q3 2014 Operational Summary

	Q3 2014		Q2 2014		Q1 2014		YTD 2014
Ore Milled (t)	631,716		651,105		678,821		1,961,642
Average Recovery (%)	86.0	%	83.4	%	83.2	%	84.2	%
Average Grade (g/t Au)	3.14		3.05		2.92		3.04
Ounces Produced (oz)	55,909		54,024		53,583		163,516

Rodney Lamond, President and CEO of Crocodile Gold commented, "I am extremely pleased to announce that the Company is able to increase its gold production guidance again for 2014. This important milestone demonstrates that we are focused on the right activities to deliver consistent and sustainable results. The 55,909 ounce gold production this quarter marks the fifth consecutive quarter with over 53,000 ounces produced. Our management teams are committed and focused in the areas of resource growth, gold production, and free cash flows to build a sustainable future for each of our current operating assets. While the challenging gold market has impacted our revenue, we are in a very strong position to capitalize when the markets recover."