Crocodile Gold Corporate Presentation April 2012

TSX: CRK OTCQX: CROCF FRANKFURT: XGC

APRIL 2012

Accelerating Our Growth and Exploration

TSX:CRK OTCQX: CROCF

Forward Looking Information

2

This presentation contains forward-looking information under Canadian securities legislation. Forward-looking information includes, but are not limited to, statements with respect to the development potential and timetable of the projects; successful completion of the acquisition from AuRico, including receipt of all regulatory approvals and the ability to realize the benefits of the acquisition; 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; conclusions of economic evaluation (including scoping studies); the realization of mineral resource 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.

David Keough F.AusIMM of 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.

Non-GAAP 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-GAAP 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 Corocidle gold, please visit www.sedar.com or www.crocgold.com and review the latest Annual Financial Statements issued on March 19, 2012.

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.

http://www.sedar.com/





http://www.crocgold.com/






Investment Advantage

2.4 million tonnes per annum processing facility

Expanding production profile with decreasing cash costs Significant transformational acquisition expected to be finalized mid spring New projects being added to the production pipeline

Australian-based production and exploration

3.1 million ounces M&I and 2.14 million ounces inferred resources Over 3,300 sq. km land package with proven historical production Significant infrastructure and accessibility

3

Production

Assets

Outstanding potential to discover additional resources

Extensive exploration project and development pipeline Exploration strength with potential for further joint venture opportunities

Exploration


Location Total Surface area: 3,300km2

Northern Territory Historical Gold Production: 14.9 million oz. (3 million oz. from Crocodile Gold tenements)

4

Our Assets Northern Territory

Infrastructure

Existing infrastructure with replacement value of $200M

Adjacent to major highway and utilities (natural gas and power lines)

Road, rail and deep sea port in close proximity


Our Assets Northern Territory

5

Asset Project Status

Burnside

Rising Tide Production (Dry Season)

Cosmo Pre-Production (Production Summer 2012)

West Howley Production

North Point Production (Dry Season)

Princess Louise Production (Dry Season)

Western Arm/ Bridge Creek

Exploration

Union Reefs Prospect Advanced Exploration

Crosscourse Advanced Exploration

Pine Creek International Pre-Production (permitting)

Maud Creek Main Zone Advanced Exploration

Moline Hercules/School/Moline Exploration

Indicates the Project is a Priority for 2012


Fosterville & Stawell Acquisition Summary

6

Announced on March 27th with AuRico Gold. Scheduled closing on or around May 1st

Transaction will be financed with a $80 million credit facility (approval pending)

Acquisition Terms

$70 million cash at closing

20 million shares of Crocodile Gold issued to AuRico Gold (Six Month Lockup)

$25 million in deferred payments

– Year 1: $10 million; Year 2: $10 million; Year 3: $5 million

– Payments conditional to gold being greater than or equal to AUD$1,500 per ounce


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Creates a Mid-Tier, Australian-Focused Producer

Ability to produce 220,000 – 250,000 oz in 2012 and 260,000 – 310,000 oz in 2013

Additional mines de-risk “single asset risk”

Crocodile Gold will be considered potential long-term and sustainable 300,000 ounce/year producer

Financially Attractive to Shareholders

Will be consummated with minimal shares issued

Changes the Cash Flow Strength of Crocodile Gold

Crocodile Gold’s cash flow profile and strengthened liquidity position allows for flexibility--Two years of cumulative EBITDA of $265-365 million is greater than the pro forma enterprise value of the company

Numerous Potential Synergies and Cost Saving Opportunities

Financial, Commercial and Technical Benefits

Fosterville & Stawell Key Benefits

250

Production (000’s oz) 220

310

260

1000 900

150

110

215

155

Cash Costs (A$/oz)

1100

1000

EBITDA (A$MM)

2012

2013


8

Significant Management/Operation Team Synergies

Combination of 3 seasoned team with a wealth of experience

Creation of a shared services group of experts providing support to the operations

Furthers Crocodile Gold Strategy to Act as a Consolidator in Australia

Numerous additional opportunities to add producing assets in Australia accretivly

Benefits of increased scale furthers synergies both in operations and in cost of capital (stock re-rating as company grows)

Significant free cash flow generation could allow Crocodile Gold to grow without large issuances of stock

Next Steps

Seek To Close Transaction on May 1st Including Debt Facility with Credit Suisse

Roll-out of Integration Plan which includes:

– Combined team to lead review process

– Main objective is to create a platform for growth through a disciplined approach

– Prioritization of value creation activities and projects

– Create an exploration strategy that supports the above

Fosterville & Stawell Key Benefits


2012 Major Capital Investments

2012 Key Catalysts Production from Cosmo

– Initiate ramp-up in Q1 of 2012

– On target to produce 50-60,000 ounces in 2012

– Full production rate of 800,000 TPA ore

Acquisition of AuRico Gold Australian assets—Fosterville and Stawell mines in Victoria.

2012 Guidance

9

2012 Production Sources

Production 2012 Forecast

Cosmo, Burnside

220,000 – 250,000 Ounces

Cosmo Infrastructure Union Reefs Mill Improvements

Pre-Acquisition

Post-Acquisition

75,000 – 85,000 Ounces

Cosmo, Burnside, Fosterville, Stawell

Same as above plus Fosterville & Stawell

Underground Development


Production – Permitting Pine Creek – International Pit

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Historic Production

745,000t @ 1.6g/t Au for 31,000 oz

Oxide material previously mined

Pit backfilled when mining ceased in 1995

Production Plan

1.4Mt @ 1.3gpt for 47,000 oz

Stripping ratio: 3.5 to 1

3 years of operation – Start-up to completion

Key Milestones

Notice of Intent Submission: Initial April 2011 & revised December 2011

Interactions with Regulators & Stakeholders are on-going

Awaiting decision by NRETAS & DoR

South Gandy’s


Production Qualitative Cost Comparison

11

Burnside Open Pits

Cosmo Underground Pine Creek Open Pits

Union Reefs Underground

Low Mining Cost per Tonne High Low Higher

High Strip Ratio N/A Average N/A

Average Mining Cost per Tonne Milled High Average Higher

Average Processing Cost Average Average Average

High Ore Haulage High Low Very Low

Average Site General & Administration Average Average Average

Low Total $/Tonne Milled High Low High

Low (1.5) Ore Grade g/t Au High (4.5) Average (2.0) High (5 to 6)

High (93%) Recovery High (92%) Average to High (90%) High (92%)

High Cost per Ounce Low Average Low

Open Pit Mines Provide margin (>US$200) to

current gold price Lower grade leads to higher

cash cost

Cosmo Underground Mine Provides leverage of additional high-

grade ore leading to significantly lower cash costs/oz.

Will eventually make up 40% of mill feed (50% of ounces) which will:

– Lower overall costs – Improve overall production

Potential for expansion at depth and on West Lodes

Pine Creek/Union Reefs Pine Creek Open Pits (International)

– Proximity to processing facilities means less transport costs

Union Reefs Deposits (Prospect/Crosscourse) – High-Grade targets show excellent potential to

deliver low cost ounces to the production profile Need to expand resources and complete detailed mining

studies before deposits can be included in any future production forecasts

Note: This chart is for comparison purposes only. Actual figures may be different from the ones posted here.


Exploration

Strategy Growth through greenfields and brownfields exploration

Exploration Goals Reserves: Increase reserves from 650,000 oz to 1M oz.

Resources: Increase mineral resources from 5M oz to 6M oz

Discover “new” precious metal deposits

Continue to assess the Company’s 3,300 sq.km land position

2012 Objectives Union Reefs: Complete 10,000m drilling, mineral resource

statement for scoping study to establish an exploration decline.

Maud Creek: Update mineral esource statement & update scoping study in order to take decision on Pre-feasibility.

Assessment of information collected in 2011 for identification of next opportunities

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13

Historical Production

800,000 oz Au

Ore successfully treated at the Union Reefs mill

Located within 1,000m from existing infrastructure

2011 Key Exploration results*

Prospect: [email protected]/t Au, 4.5m @7.1 g/t Au

Crosscourse: [email protected]/t Au, 12.3m @8.9g/t Au

2012 Key Milestones

Completion of 10,000m drilling program – April 2012

Update of resources model & desktop study – May 2012

Board decision on Phase II – Underground exploration decline – July 2012

*Refer to previous press releases dated October 13, 2011 and January 20,2012 for detailed results

Exploration - Union Reefs Underground Deposits


Exploration - Maud Creek Surface/Underground deposit

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Historical Production 173,600t @3.32g/t Au for 18,500oz

Mineral Resource:

Indicated - 9,288,000t @ 3.1g/t Au for 935,000oz

Greater than 4.5g/t Au – 3.1 Mt @ 6.3 g/t for 628,000oz

Inferred Mineral Resources - 1,072,000t @2.4g/t Au for 82,000oz

(using a 1.0g/t Au cut-off)

2011 Work Completed

3,461m of drilling

Internal scoping study

2012 Key Milestones

Compilation of drilling results – March 31, 2012

Update of mineral resources model & scoping study – June 30 2012

Board decision on Phase II – 10,000m of drilling with associated metallurgical testing

Board decision on Phase III – Initiate pre-feasibility study – Q4 2012

Future Development

Open pit followed by underground operation

Partially refractory – metallurgical testing indicates 90-95% recovery by flotation with concentrates grading 3-6 opt.

Near the town of Katherine – 8km haul road to paved highway

Significantly expanded land position, more than 600 sq. km2


Short Term – Focus on higher quality ore – Commissioning and Ramp-up of Cosmo underground mine – Optimization of the Burnside area – New production from the Pine Creek and Union Reefs areas

Medium Term – Maximize value of gold assets – Increase production from higher grade deposits – Consolidation of assets – Continued investment in exploration on an annual basis – Selective acquisitions

Long Term – Explore – Development of Maud Creek Deposit – Generate value out of the base metal deposits

15

Our Growth Strategy


16

Our Growth Strategy What could CRK look like?

Assuming the following:

Continued production from Cosmo, new production from UR/Pine Creek Surface & UG

Successful conversion of resources into reserves

Permitting, construction and operation of Maud Creek by 2016

Does not include upcoming acquisition of Fosterville & Stawell

-

100,000

200,000

300,000

2012 2013 2014 2015 2016

Ou

nce

s p

er

year

CGC 5 Year Production Profile

Cosmo CRK UR/Pine Creek Maud Creek


Capital Structure

Analyst Coverage: Cormark Securities Raymond James

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Share Structure (At March 30, 2012)

Basic: 383,853,963

Warrants: 68,234,001

Options: 15,863,546

Fully Diluted: 468,574,016

Market Capitalization: $207.3 Million

52 Week Trading Range $0.47 – $1.63

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20 Historical Price

Note: 20,000,000 shares will be issued to AuRico Gold on the closing of the Acquisition of the Fosterville and Stawell Mines. This acquisition is scheduled to close on or about May 1, 2012.


Management

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

Mr.Lavoie is a Professional Mining Engineer with extensive experience in mining operations and projects. Mr. Lavoie has spent the last 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.

David Keough, F.AusIMM Chief Operating Officer

David Keough has held several senior leadership positions with companies including Goldcorp (South America), Wheaton River (Asia Pacific), Minera Alumbrera Ltd. (Argentina) and Placer Dome Inc. (Asia Pacific). David has been involved in the mining industry for more than 25 years and brings international and Australian experience in mining and exploration, project evaluation, feasibility studies, construction and project and business development. He has extensive operational experience in both large open pit and underground precious metal mines.

Steve Woodhead Chief Financial Officer

Mr. Woodhead is a Chartered Accountant (South Africa) with 20 years of experience in the natural resources and public sectors. Stephen has served in senior financial positions with several public companies, including as Chief Financial Officer of Desert Sun Mining Corp. until it was acquired by Yamana Gold Inc. in 2006. He currently serves on the Board of Directors of Vaaldiam Mining Inc.

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 with the Forbes & Manhattan Group

since early 2010.

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Board Of Directors

George Faught 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.

Kevin Conboy, Director

Mr. Conboy was 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 posesses 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.

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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On February 29, 2012 a new Board of Directors was constituted and Chantal Lavoie was appointed as Chairman.


Investment Advantage

2.4 million tonnes per annum processing facility

Expanding production profile with decreasing cash costs Significant transformational acquisition expected to be finalized mid spring New projects being added to the production pipeline

Australian-based production and exploration

3.1 million ounces M&I and 2.14 million ounces inferred resources Over 3,300 sq. km land package with proven historical production Significant infrastructure and accessibility

20

Production

Assets

Outstanding potential to discover additional resources

Extensive exploration project and development pipeline Exploration strength with potential for further joint venture opportunities

Exploration


Investor Contact Information

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

www.crocgold.com Find us on

A Member of the Forbes & Manhattan Group of Companies

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

TSX: CRK OTCQX: CROCF FRANKFURT: XGC

Crocodile Gold Corporation

21


22

Additional Information


Reserve Summary December 31, 2010

Note: Mineral Reserves are included in Mineral Resources. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Depleted for mining as at December 31, 2010 and does not include any depletion for mining since such date. The Mineral Reserve estimate was reviewed and optimized by Mark Edwards who is a “qualified person” as such term is defined in National Instrument 43-101 and has supervised the preparation of the technical information and data included in this news release. The mineral resource estimate was generated using the following parameters: • Models used have been reviewed and optimized by Mark Edwards and Fleur Muller • Model technique is Ordinary Kriging, Multiple Indicator Kriging or Inverse Distance (review NI43-101 for more details) • Mineralization wireframes conducted on 0.4-2g/t material with a minimum width of 1-2m depending on deposit and mineralization styles • High grade top cut used of 2-40g/t depending on statistical review of sample results • 1m metre samples with core half core or split RC samples used in models • Samples were generally submitted to NAL and analyzed using 50g fire assay with AAS finish, some samples were submitted to umpire laboratory for QAQC purposes

From the 43-101 report titled REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE NORTHERN TERRITORY GOLD AND BASE METALS PROPERTIES, April 4, 2011. Prepared by Heath Gerritsen, MAusIMM, Mark Edwards, MAusIMM, and Fleur Meuller MAusIMM

PROBABLE MINERAL RESERVE

Project Deposit Cut-off (g/t) Tonnes Gold Grade

(g/t) Ounces

Gold

Burnside Brocks Creek 7.1 34,000 8.6 9,300

Cosmo Deeps 3.1 3,100,000 4.2 420,000

Howley 1.0 340,000 1.6 18,000

North Point 1.0 55,000 2.3 4,000

Princess Louise 1.0 200,000 1.5 9,700

Mottrams 1.0 980,000 1.2 39,000

Pine Creek Kohinoor 1.0 290,000 1.9 18,000

Cox 1.0 500,000 1.6 26,000

International 1.0 1,300,000 1.5 65,000

Gandys 1.0 480,000 1.7 26,000

South Enterprise 1.0 420,000 2.0 27,000

TOTAL 7,699,000 2.7 662,000 Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability

Gold Price: $US1000/oz

$A:$US 0.91

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Resource Summary December 31, 2010

M+I MINERAL RESOURCE INFERRED MINERAL RESOURCE

Project Tonnes Gold Grade (g/t) Ounces Gold Tonnes Gold Grade (g/t) Ounces Gold

Mt Bundy*A 20,241,000 1.0 664,800 10,513,000 1.0 350,800

Burnside* 16,553,330 2.4 1,268,500 18,679,800 2.2 1,323,200

Union Reefs 239,000 2.4 18,200 3,740,000 1.7 204,200

Pine Creek 5,528,000 1.6 288,600 2,347,000 2.4 183,200

Maud Creek* 9,288,000 3.1 935,000 1,072,000 2.4 82,000

Total 51,849,330 1.9 3,175,100 36,351,800 1.8 2,143,400 *Includes Underground Resources A Crocodile Gold holes 80% interest in the Rustlers Roost deposit which is included in this Project

Please Note: Mineral Resources include Mineral Reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viabil ity. Due to the uncertainty of measured, indicated or inferred mineral resources, these mineral resources may never be upgraded to proven and probable mineral reserves. Calculated at a gold price of US$1,000>/oz and exchange rate of $A0.91:US$1.0 ) and contained within optimizing pit shells using current operating costs From the 43-101 report titled REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE NORTHERN TERRITORY GOLD AND BASE METALS PROPERTIES, April 4, 2011. Prepared by Heath Gerritsen, MAusIMM, Mark Edwards, MAusIMM, and Fleur Meuller MAusIMM

MINERAL RESOURCE STATEMENT (Other Commodities)

INFERRED MINERAL RESOURCE

Project Deposit Commodity Cut-off Tonnes Grade (ppm) Contained metal

Burnside Iron Blow

Lead 1.0g/t Au 3,175,000 7,595 53,163,000 pounds

Zinc 1.0g/t Au 3,175,000 32,823 229,750,000 pounds

Silver 1.0g/t Au 3,175,000 101 10,200,000 ounces

ThunderballC

Uranium 200ppm 316,800 796 556,000 pounds C

Crocodile Gold has a 30% free carried interest in this deposit 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. The Inferred Mineral Resource estimate was reviewed and optimized by Mark Edwards who is a “qualified person” as such term is defined in National Instrument 43-101 and has supervised the preparation of the technical information and data included in this news release. The mineral resource estimate was generated using the following parameters: • Models used was generated by Odessa (Iron Blow) and SRK Consulting (Thunderball) • Model technique is Ordinary Kriging and Inverse Distance • Mineralization wireframes conducted on 0.5g/t material with a minimum width of 2m at Iron Blow

24


Burnside – Howley Trend Development - Cosmo

25

West Lodes – Resources Significant potential for expansion

Present development plan limited to near surface portion

Infrastructure design to handle future development

East Lodes Reserves & Resources Main focus of initial production Expansion potential at depth


Fosterville Mine

26

85.4

73.467.0

103.4 100.4 99.5

$465

$669

$831

$576

$738

$930

2006 2007 2008 2009 2010 2011

Production (k oz) Cash Costs (US$/oz)

Underground gold mine located 20 km east of Bendigo, a

historic gold mining centre located 150 km north of

Melbourne

Producing since 1992. Currently has a 5-year mine life plan

at 100,000+ oz of Au per year

Investments in mine development and gold recovery

enhancement has improved the efficiency of the operation

Achieved production records in back-to-back quarters in

2011

Q2 production of 29,181 oz Au (at cash costs of

US$787/oz) and Q3 production of 29,954 oz Au

Exploration commenced in April 2011

2011 US$3.8MM exploration budget (totaling

18,000m) focused on conversion and infill drilling

Historical Operating Profile

Tonnes Au Grade Au

(MM) (g/t) (MM oz)

Proven & Probable Reserves 3.1 4.8 0.5

M&I Resources (Exclusive of P&P) 9.1 2.3 0.7

Inferred Resources 5.4 3.4 0.6

Total Resources 17.6 3.1 1.7

2011 Guidance(1)

Source: Provided by AuRico Gold . Figures have not been fully verified by Crocodile Gold . Management has used the midpoint of guidance as the basis for analysis.

Reserves and Resources


Stawell Mine

27

105.0112.1

102.7

86.0

71.583.0

$474 $491$555

$616

$969$885

2006 2007 2008 2009 2010 2011

Production (k oz) Cash Costs (US$/oz)

Tonnes Au Grade Au

(MM) (g/t) (MM oz)

Proven & Probable Reserves 2.0 3.6 0.2

M&I Resources (Exclusive of P&P) 3.4 2.5 0.3

Inferred Resources 0.7 4.9 0.1

Total Resources 6.2 3.1 0.6

Underground gold mine located alongside the town of

Stawell, northwest of Ballarat in central Victoria and is

approximately 250 km west of Melbourne

26-year history of mine-life extension

Produced its two millionth ounce on the property

in March 2010

Current mine life of 5 years

Exploration of numerous identified targets located

laterally or adjacent to present underground workings

should add to mine life

2011 US$7.7MM exploration budget (totaling 24,000m)

focused on previously untested areas

Follow-up drilling on two new gold discoveries

Historical Operating Profile

Reserves and Resources

2011 Guidance(1)

Source: Provided by AuRico Gold . Figures have not been fully verified by Crocodile Gold . Management has used the midpoint of guidance as the basis for analysis.


Production Pipeline

Production Advanced

Exploration Development

Projects Generative Exploration

Union Reefs

Pine Creek

Maud Creek

Greenfields

Burnside

Moline

Maud Creek Extension

Base Metal Potential

Historical Resources

Golden Dyke

The Greeks

Mt Bonnie

Moline

Identified Resources

Union Reefs Underground

Bridge Creek, Western Arm, Bons Rush, Kazi

Iron Blow

West Howley

Rising Tide

Princess Louise

Cosmo Underground

Reserve Extensions

Cosmo Underground

Yam Creek Trend

Gandys

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Exploration Regional Program

Airborne Geophysics More than 4,000 line km’s completed of AEM and

magnetometer survey

Geotech VTEM system- state of the art

Includes Moline and Maud Creek tenements

Ground follow-up of individual targets underway

Review of historical information

Major database compilation in progress of all past work including government files

Will ultimately be able to access and manipulate all past geochemical and geophysical surveys. Tens of thousands of geochemical sample results available.

It is anticipated that thousands of past drill holes with assays and logs will be found and incorporated into the database

Acquired high resolution satellite imagery for all areas

Airborne Geophysical

Survey Areas 29


Exploration Burnside Area

Howley Trend: a 25 km long structure with

additional deposits of interest

Includes Cosmo Underground and Howley Open Pits

Eastern Side Similar trend with known deposits

– past production

Presence of base metal deposits with significant precious metal content

Targets possess similar structure to Cosmo

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Potential New targets adjacent to Union

Reefs Mill

Potential for near term, low cost production

2011 focus on shallow and near surface deposits

Exploration Union Reefs/Pine Creek area

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Exploration – Strategic Assets Massive Sulfide Deposits

Aeromagnetics- tilt derivative

Iron Blow

* “Gold Deposits of the Northern Territory” by Ahmad, Wygralak and Ferenczi, 2009. A qualified person as defined by NI 43-101 has not done sufficient work to classify this historical estimate as current mineral resources or mineral reserves. Crocodile Gold is not treating the historical estimate as current mineral resources or mineral reserves and the historical estimate should not be relied upon. Crocodile Gold believes with minimal confirmatory drilling this historic resource information could be included in the Mineral Resource inventory.

Historic Production

10,000t oxide @ 9g/t Au and 250g/t Ag = Au eq 15.8g

25,000t sulphide (supergene) @ 7g/t Au and 360g/t Ag = Au eq 17g

Total production Au eq = 18,747oz

Current Inferred Resources

3,175,000t @ 2.1g/t Au, 101g/t Ag, 3.3% Zn, 0.76% Pb, 0.19% Cu

Au eq = 4.85g or 495,000oz (only Au and Ag considered)

Mount Bonnie Historic Resource*

650,000t - 1.7g/t Au, 279g/t Ag = Au eq 9.3g/t or 194,000oz

plus 9% Zn, 2% Pb, 0.5% Cu

Oxide Cap previously mined

110,000t @ 7g/t Au and 230g/t Ag

Au eq = 13.3g/t Au or 47,000oz Au

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Crocodile Gold Corporate Presentation April 2012

Business

Transcript of Crocodile Gold Corporate Presentation April 2012