Corporate Presentation June 2013

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CORPORATE PRESENTATION JUNE 2013 TSX: CRK OTCQX: CROCF A Growing Australian Gold Producer

description

Corporate Presentation June 2013

Transcript of Corporate Presentation June 2013

Page 1: Corporate Presentation June 2013

CORPORATE PRESENTATION JUNE 2013

TSX: CRK OTCQX: CROCF

A Growing Australian Gold Producer

Page 2: Corporate Presentation June 2013

Forward Looking Information

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This presentation contains forward-looking information under Canadian securities legislation. Forward-looking information includes, but is 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 or on commercially reasonable terms; the future price of gold; the estimation of mineral resources and mineral reserves; conclusions of economic evaluation (including scoping studies); the realization of mineral resource and reserve 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 information 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 information is 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 information is 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 information, 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 information, 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 information. The Company does not undertake to update any forward-looking information 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.

Certain information contained herein may be considered to be future-oriented financial information, which was designed and approved by management of Crocodile Gold for the purposes of assessing the value of the acquisition. Readers are cautioned that such information may not be appropriate for their use, and readers should consult their financial advisors as appropriate.

Bill Nielsen P.Geo.,Vice President of Exploration at 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 presentation

This presentation is being made available on a confidential basis only to persons in the United States reasonably believed to be “accredited investors” as defined in Rule 501(a) under the U.S. Securities Act (“Accredited Investors”) and specifically authorized to view this presentation. This information does not constitute an offer to any other person or, a general offer to the public of, or the general solicitation from the public of, offers to subscribe or purchase any of securities of Crocodile Gold Corp. . Any unauthorized use of the presentation is strictly prohibited. Distribution of this information to any person is unauthorized, and any disclosure of any of such information without the prior written consent of Crocodile Gold is prohibited. Except as specifically provided herein, this presentation may not be copied or otherwise distributed, in whole or in part, by or to any person or in any medium whatsoever.

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.

Non-IFRS 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-IFRS 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. For more detail on Cash Cost per Ounce determination for Crocodile Gold, please visit www.sedar.com or www.crocgold.com and review the latest Annual Financial Statements issued on March 19, 2012.

Note for Pages 7, 8, and 19 : For information regarding mineral resource and reserve estimates, including parameters used to generate the estimates and depletion, please see the technical reports titled: REPORT ON THE

MINERAL RESOURCES & MINERAL RESERVES OF THE NORTHERN TERRITORY GOLD AND BASE METALS PROPERTIES FOR CROCODILE GOLD CORP. dated April 4th, 2011; NI43-101 TECHNICAL REPORT

FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated April 29th, 2012; NI43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR

CROCODILE GOLD CORP dated April 9th, 2012. These documents are available on the company website and at www.sedar.com.

Page 3: Corporate Presentation June 2013

Investment Highlights

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GROWING GOLD PRODUCTION

GROWING CASH FLOW

EXPLORATION UPSIDE

Cash generated in 2012 exceeded $58 million

Cash flow from operations in Q1 2013: ~$18 million

Extensive exploration and development pipeline

Outstanding land package with the potential to discover additional resources

Production increased from 68,016 oz in 2011 to 155,023 oz in 2012

2013 production expected to be ~175,000 oz

COMPELLING VALUATION

Undervalued compared to peers at 0.3x P/NAV with a peer group median of 0.7x

EV/oz of $25 compared to peer group median of $52

All within Australia – a first world country with one of the most mining friendly jurisdictions

Page 4: Corporate Presentation June 2013

Significant Milestones

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Q2 Acquisition and integration of Fosterville and Stawell Gold mines

A$75mm Credit Facility with Credit Suisse

Q3 Decision of ramping down Stawell operation and advancing the Big Hill

Project to production

Q4 Completion of positive Preliminary Economic Assessment (PEA) on Big Hill

Project

Record quarter results

2012 Milestones

Q1 Initiated the Big Hill permitting process

Declared commercial production at Cosmo Mine

Completed a C$34.5mm convertible debenture offering

Q2 Successful unwinding of gold swap (hedge) position, reducing debt by A$58mm

2013 Milestones

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Given the recent softening in gold prices, Crocodile Gold has done an extensive review of its operations and projects to identify further opportunities

Continual Operational Review

Operating Costs

Consolidation of shared services in Victoria (Stawell Gold Mine & Fosterville Gold Mine)

Streamlined management structure at the operations (Northern Territory & Stawell Gold Mine)

Capital Expenditures

Limit capital expenditures to mine development with minimal dollar amount spent on infrastructure

Redistribution of assets within the group, from Stawell Gold Mine to Fosterville Gold Mine and Cosmo Mine, reducing capital expenditures (mobile equipment, electrical equipment, etc)

Assets sale at Stawell Gold Mine

On-going optimization of Cosmo Mine, using experience of Stawell Gold Mine & Fosterville Gold Mine

Projects Review

Exploration drilling limited to on-mine resources conversion; no greenfield exploration

Moving ahead only on Big Hill Project at this time

Reassessing appropriate timing for Union Reefs: Prospect Deposit and Pine Creek Deposit

2013 Strategic Outlook

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154,122 oz 174,953 oz

0

20,000

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180,000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 (E)

Q3 2013 (E)

Q4 2013 (E)

Quarterly Production Cumulative Production

Estimated Production

2012 Production (oz) 2013 Forecast (oz)

$2,028

$1,167

$1,176

$998

$1,150 $1,100 $1,075 $1,000

$0

$500

$1,000

$1,500

$2,000

$2,500

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013(E) Q3 2013(E) Q4 2013(E)

2012/2013 Cash Costs

Actual

Forecasted

2013 Strategic Outlook

Crocodile Gold continues to look for opportunities to grow production and reduce cash costs

2013 Total Production: 170,000 - 180,000 oz

2013 Cash Cost (Avg): $1,050 - $1,150/oz

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Growing Gold Production: Cosmo Mine

Steady development rate reached in 2012

Commercial production declared March 1st 2013

Ramping-up to produce an average of 75,000 to 90,000oz gold per year

Delineation program in progress with 4 underground drills targeting expansion of Mineral Resources and Reserves

Proven and Probable Reserves* of 3.1Mt at 4.2 g/t Au for 420,000oz

Measured and Indicated Resources* of 5.3Mt at 4.6 g/t Au for 776,000 oz

*Please refer to cautionary notes on page 2 of this presentation

Northern Territory 2012 Performance

Ore Milled (Tonnes) 917,202

Average Grade (g/t Au) 1.51

Recovery(%) 91.6

Gold Produced (Ounces) 40,731

Gold Sold (Ounces) 39,459

Cosmo Mine is part of Crocodile Gold’s Northern Territory Complex which also includes a number of small open pits that are currently not being mined. Cosmo is an all–season underground operation located approximately 60km northwest of the Union Reefs Mill .

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Growing Gold Production: Fosterville Gold Mine

Produced 90,000 oz gold in 2012

Expect to produce similar level in 2013

Announced high-grade gold intersections from drill holes on strike extending the Phoenix ore body. Drill results include*:

23.36 g/t Au over 5.70m in hole UDE084

6.21 g/t Au over 6.10m in hole UDE084A

Current mine life of 3 years based on Measured and Indicated Resources of 13.9Mt at 2.9 g/t Au for 1,289,000 oz

Drilling programs underway with potential to extend the mine life

Fosterville Processing Facility

Fosterville 2012 Performance

Ore Milled (Tonnes) 786,571

Average Grade (g/t Au) 4.36

Recovery (%) 81.8

Gold Produced (Ounces) 90,440

Gold Sold (Ounces) 90,862

Fosterville Gold Mine is an underground operation located 150 km north of Melbourne and 20 km from Bendigo; accessible by all weather roads. The mine has been producing since 1992 with its own processing facility (capacity of 800 Ktpa) with a bacterial oxidation process using BIOX technology

*Please refer to press release dated August 30, 2012 for full technical disclosures

Page 9: Corporate Presentation June 2013

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Growing Gold Production Stawell Gold Mine

Stawell Gold mine is an underground operation located alongside the town of Stawell, in central Victoria, approximately 250 km west of Melbourne. Processing facilities use standard CIL gold recover and have a capacity of 1.0MM TPA

Stawell Processing Facility

Produced 73,000 oz Au in 2012

Confirmed opportunity to economically treat historical surface stockpile until mid 2014

Decision to ramp-down underground mining activities by mid 2013

Next Steps

Exploring opportunities within the existing mining lease

Engagement with local stakeholders and community Stawell 2012 Performance

Ore Milled (Tonnes) 850,017

Average Grade (g/t Au) 3.06

Recovery(%) 86.1

Gold Produced (Ounces) 72,602

Gold Sold (Ounces) 74,552

Page 10: Corporate Presentation June 2013

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2013 OBJECTIVES

Exploration and Projects

Advance the Big Hill Project in the State of Victoria

Advance Maud Creek, Union Reefs and Pine Creek Projects in the Northern Territory Complex

Underground drill program at Fosterville to expand the Resource and Reserve base

Consolidate land position in the Northern Territory through divestment of non-core assets

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Reserves and Resources

Work being completed to update overall resources and reserves statement for the Northern Territory deposits

Report scheduled to be release in Q3 of 2013

Land Position Consolidation

Mt. Bundy (NT – 1,000 km2) – Divestment completed

Iron Blow/Mt. Bonnie (NT – 260 km2) - Base metal properties divestment. Final agreement executed on May 28th 2013 with Pitchblack Resources (see press release of December 17, 2012)

Plans are being implemented to continue divestment of non-core assets

Exploration and Projects - NT

Page 12: Corporate Presentation June 2013

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Big Hill Project

The Big Hill Deposit is the surface expression of the

Stawell Deposit. It currently has Indicated Resources of 2.83 million tonnes at 1.84 g/t Au for 167,000 oz*. South

Gandy’s

Big Hill Pit

Description Unit Open Pit

Strip ratio 3.4 to 1

Ore production Mt 2.3

Grade g/t 1,65

Recovered ounces oz 108,531

Revenue AUD$(mm) 153

LOM Capital AUD$(mm) 21.7

NPV ($1,400/oz, 10% DR) AUD$(mm) 39.6

Exploration and Projects: State of Victoria

Project Plan

NI 43-101 compliant Preliminary Economic Assessment (PEA) completed

Ore would be treated at the existing Stawell Gold Mine mill

Estimated 4 ½ years of operation

2013 Milestones

Start Permitting process

*Please refer to cautionary language on page 2 of this presentation

The PEA is preliminary in nature and is based on a number of assumptions that may be changed in the

future as additional information becomes available. Mineral resources that are not mineral reserves do

not have demonstrated economic viability. The PEA includes inferred mineral resources that are

considered too speculative geologically to have the economic considerations applied to them that would

enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized

Stawell Mill

Big Hill Project

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2013 Q1 Financial Results

Q1 was a solid quarter with operation cash flow of over $23 million or $0.06/share (Q1 Net Income: $18 million)

Mine earnings in Q1 were affected by a higher than normal depreciation charge of over $10 million attributed to the Stawell underground ramp-down

Strong financial results were experienced in Q4 2012 with record production and non-cash charges relating to the Credit Suisse Credit Facility.

Q1 2013 represents a more realistic and sustainable level of quarterly production and cash flow, similar to Q3 2012.

Q4 2012 Q1 2013

Revenue $101,770,213 $83,780,492

Mine operating earnings (loss) $12,410,636 ($207,690)

Ounces Sold 59,541 49,720

Average Sale Price $1,709 $1,664

Cash Cost Per Ounce $998 $1,150

Operational Cash Flow* $39,794,182 $23,794,182

Operational Cash Flow Per Share $ 0.10 $ 0.06

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-$20,000,000

-$10,000,000

$-

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Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013

Ou

nce

s

US

$

Crocodile Gold Operational Cash Flow*

Cash flow from Operations Gold Produced

*Working capital adjustments have been excluded for comparability purposes

Page 14: Corporate Presentation June 2013

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Raising Capital —Debenture Issue April 5, 2013

C$34.5 million of unsecured 8% convertible debentures were issued for net proceeds of C$31 million

Cash raised will be used to fund Development Projects and General Corporate Expenses

Debentures are trading on the secondary market under the symbol CRK.DB

Strengthening Our Balance Sheet

Debt—Credit Suisse Credit Facility

Unwound gold swap (hedge) position in April 2013

Net proceeds of A$57.8 million were used to pay off outstanding credit facility

Remaining A$11.5 million debt to be repaid in 18 monthly installment of $630,000 from April 2013 to October 2014

$1,150

$1,200

$1,250

$1,300

$1,350

$1,400

$1,450

$1,500

$1,550

$1,600

Gold Price (AUD)

April 16, 2013: CRK Unwinds Gold Swap

Page 15: Corporate Presentation June 2013

Capital Structure

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Share Structure & Financial Details

Basic: 406.4 Million

Warrants: 46.56 Million

Options: 029.8 Million

Fully Diluted: 614.6 Million

Market Capitalization: $73 Million

52 Week Trading Range $0.155 – $0.43

Cash Position (at 13/03/31) $18 Million

Debt Outstanding $44.6 Million

52 Week Share Price Performance

In February 2012, Luxor Capital completed a bid to take up a majority ownership of Crocodile Gold. Since that time, Luxor has assisted the Company in many ways including:

Participation on a pro-rata basis in the last private placement financing

Facilitation of the Victorian assets acquisition as well as aiding in arrangement of the Credit Suisse facility

Luxor is very active in the management and oversight of the Company with 2 current board members. Luxor has also indicated interest for any future financings – It currently owns 61% of Crocodile Gold.

Major Shareholder – Luxor Capital

Debt outstanding includes recently issued convertible debenture of $34.5 million and

$11.1 million remaining on Credit Suisse secured debt facility

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

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Company Valuation

Add bullets

$52.70

$25.61

$0.00

$50.00

$100.00

$150.00

$200.00

TGZ OGC EDV RSG BAA Median GSC JAG SBM ORA CRK

1.0x

0.8x 0.8x 0.8x 0.7x 0.7x0.6x

0.6x

0.3x 0.3x

RSG TGZ OGC SBM GSC JAG EDV BAA ORA CRK

Gold Producer P/NAV Multiples

Source: Bloomberg and company disclosure. Economic Value is equal to market cap less cash plus debt plus minority interest and preferred equity

Gold Producers Economic Value/Oz

Source: Consensus Estimates, Bloomberg.

Per ounce, Crocodile Gold is valued at $25.61 – significantly less than the peer median of $52.70 per ounce, yet production profiles of the peer group are similar.

Crocodile Gold is trading at 0.3x its Net Asset Value which suggests that the full value of the Company’s projects are not being attributed to in the current share price. The median P/NAV of the peer group is 0.7x

Page 17: Corporate Presentation June 2013

Mineral Resources and Reserves *

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Tonnes Au Grade Au

(MM) (g/t) (Koz)

Proven & Probable Reserves Cosmo 3.1 4.2 420

Fosterville 2.4 4.7 365

Pine Creek 3.0 1.7 162

Stawell 1.0 3.4 107

Burnside 1.6 1.5 80

Reserves 11.1 3.2 1,134

Measured and Indicated Resources (incl. of Reserves) Fosterville 13.9 2.9 1,289

Maud Creek 9.3 3.1 935

Cosmo 5.3 4.6 776

Mt Bundy 20.2 1.0 665

Burnside 11.3 1.4 493

Stawell 4.7 2.6 399

Pine Creek 5.5 1.6 289

Union Reefs 0.2 2.4 18

M&I Resources 70.5 2.1 4,863

Inferred Resources Cosmo 5.7 3.7 676

Burnside 13.0 1.5 647

Fosterville 5.0 2.9 477

Mt Bundy 10.5 1.0 351

Union Reefs 3.7 1.7 204

Pine Creek 2.3 2.4 183

Stawell 1.0 4.7 145

Maud Creek 1.1 2.4 82

Inferred Resources 42.4 2.0 2,765

*Please refer to cautionary language on page 2 of this presentation

Crocodile Gold maintains

significant Measured and

Indicated Resources of

over 4 million ounces

and Inferred Resources of

2.7 million ounces.

Reserves for Crocodile

Gold’s projects total

approximately

1.1 million ounces.

Page 18: Corporate Presentation June 2013

Why Invest in Crocodile Gold

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Crocodile Gold has Growing Production Production doubled over 2011 results with 155,523 oz produced 2012 production targets were exceeded Production is expected to increase 10-15% in 2013, putting the Company in an

exclusive group of gold producers

Crocodile Gold has Cash Flow Mine operations generated Net Cash Flow of ~ $60mm in 2012

Crocodile Gold has a Significant Exploration & Project Pipeline Clear project pipeline over 5 years that includes: • Big Hill • Union Reefs • Maud Creek

Crocodile Gold is One of the Cheapest Mid-Tier Gold Producers Making this an excellent entry point. If CRK increased to it’s peer median P/NAV of

0.7x, shares would appreciate over 100%

Page 19: Corporate Presentation June 2013

Management

Chantal Lavoie, P. Eng., Chairman, President & Chief Executive Officer

Mr. Lavoie is a Professional Mining Engineer with extensive experience in mining operations and projects. Previously, Mr. Lavoie spent eight years at De Beers Canada Inc. ("De Beers") where he was responsible for the Canadian operations of De Beers including Snap Lake and Victor Mines, the Gahcho Kue Project and was acting CEO of De Beers. Mr. Lavoie has also worked for Barrick Gold Corporation at Goldstrike in Nevada and Aur Resources Inc. at the former Louvicourt mine.

Robert Dufour, CPA, CA, Chief Financial Officer

Mr. Dufour is a Chartered Accountant with over 10 years of finance and accounting experience. He started his career with the Toronto office of PriceWaterhouseCoopers and later joined Northgate Minerals Corporation as Corporate Controller and subsequently was promoted to Group Financial Controller for Northgate Australian Venture Corporation (NAVCO), which was more recently acquired by Crocodile Gold Corporation.

Bill Nielsen, P. Geo, Vice President Exploration

Mr. Nielsen is an accredited geologist with over 35 years of worldwide mineral exploration and development experience. Most recently, he has been working as a senior industry consultant to mining exploration companies working with a variety of commodities in various countries and geological environments. From 2003 to 2008, Mr. Nielsen was the V.P. Exploration of Nevsun Resources Ltd., where he played a significant role in the discovery of the Bisha gold-VMS deposit in Eritrea. He has worked for various companies within the Forbes & Manhattan Group since early 2010.

Colinda Parent, Vice President Corporate Development

Ms. Parent has extensive capital markets experience having spent over 15 years in institutional equity sales and 5 years in investment banking in Toronto. Previously, Ms. Parent was one of the founders of Sandfire Securities, a Toronto-based institutional equity boutique focused on raising funds for and trading stocks in small and mid-cap Canadian-listed resource companies. She also served on the Board and Executive Committee at Sandfire. Ms.

Parent is a CFA charter holder and has an MBA from the Ivey School of Business.

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Operations Team :

Ian Holland, General Manager, Stawell Gold Mine

Troy Cole, General Manager, Fosterville Gold Mine

Peter Crooks, General Manager, Northern Territory

Page 20: Corporate Presentation June 2013

Board Of Directors

Kevin Conboy, Director

Mr. Conboy was previously President and Chief Executive Officer of Acordia, Inc., a subsidiary of Wells Fargo based in Chicago. As well, he served as Chief Executive Officer for the NIA Group of Paramus, New Jersey. Mr. Conboy possesses a wealth of experience in the financial markets and has considerable exposure to financial instruments and business transactions. He sits on a number of corporate and charitable boards. Mr. Conboy completed a B.A. from Colorado State University in 1973.

George Faught, CA, Lead Director

Mr. Faught is a Chartered Accountant with over 25 years of senior management experience and is currently the Chief Executive Officer of Aberdeen International Inc. He has served as the Chief Financial Officer of publicly traded companies in the natural resources, financial services and pharmaceutical industries. Mr. Faught has broad financial management, corporate development and operating experience and from 1999 to 2005 served as the Chief Financial Officer for North American Palladium Ltd., a mid-tier platinum group metal producer. Prior to that, he served as Chief Financial Officer for Hudson Bay Mining & Smelting Co. Ltd., an integrated base metals producer, and William Resources Inc., an international gold producer. He also serves as a director of several public companies in the resource sector.

Robert Getz, MBA, Director

Mr. Getz is a managing director and a co-founder of Cornerstone Equity Investors, LLC. Mr. Getz has strong experience in public and private debt and equity financings and domestic and international mergers and acquisitions. Mr. Getz has served as a director of several public and private metals and mining companies. He completed a B.A., cum laude, International Relations at Boston University in May 1985, and obtained his MBA, Finance in February 1990 from The Stern School of Business at New York University.

Peter Tagliamonte, P. Eng., Director

Mr. Tagliamonte is a professional mining engineer and also holds an MBA from the Richard Ivey School of Business, at the University of Western Ontario. He is currently the President and CEO of Sulliden Gold, the former President and CEO of Central Sun Mining Inc. and former Chief Operating Officer of Desert Sun Mining Corp. where he was responsible for the development of the Jacobina Mine in Brazil into a 4,200-tonne-per-day mining operation. Mr. Tagliamonte has over 25 years of progressive managerial experience building and operating mines worldwide, notably in Central and South America. In 2005, he received the Mining Journal's "Mine Manager of the Year" award in recognition for his work in the mining sector.

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Page 21: Corporate Presentation June 2013

Investor Contact Information

Chantal Lavoie Chairman, President and CEO 416-861-2964 [email protected]

www.crocgold.com Find us on:

Investor Relations Rob Hopkins 416-861-5899 [email protected]

TSX: CRK OTCQX: CROCF FRANKFURT: XGC

Crocodile Gold Corporation

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