Crocodile Gold Achieves Record Operating Cash Flow For The Year Ended December 31, 2014 - Seite 2

Rodney Lamond, President and Chief Executive Officer, Crocodile Gold, commented: "We are very pleased to have delivered another quarter of strong operating performance and record results. I would like to acknowledge that we achieved these results through the great efforts and contributions of our employees and support teams. Our team's focused efforts to reduce unit costs also resulted in significant cash flow generation in the fourth quarter. Furthermore, Crocodile Gold will now fully benefit from the strong cash flows generated from the Fosterville and Stawell Gold Mines; a vital part of the strategy to support our Company's balance sheet and future growth."

Mr. Lamond concluded: "We remain confident in our ability to deliver sustainable results on every measure. We will adjust our strategies accordingly to take advantage of changing gold market conditions and to increase shareholder value."

As previously announced in Crocodile Gold's press release dated January 12, 2015, the Company's production and cash cost guidance for fiscal 2015 is as follows:

2015 Production and Cash Cost Guidance

(U.S.) $		Fosterville		Cosmo		Stawell		Consolidated 2015
Gold Production oz		100,000-105,000		75,000-85,000		~30,000		205,000-220,000
Operational Cash Costs per ounce*		$670-$750		$850-$930		$945-$1,025		$780-$860
AISC per ounce*(1)								$1,020-$1,100
* See Non-IFRS Disclosures
(1) All-In Sustaining Cash Costs per Ounce ("AISC") Includes Corporate General and Administrative Expenses.

Non-IFRS Disclosures