An EvolvingAustralian Gold

Producer

AUGUST 2011

TSX:CRK OTCQX:CROCF FRANKFURT:XGC

TSX:CRK

DisclaimerForward Looking Statements

This presentation contains forward-looking statements under Canadian securities legislation. Forward-looking statements include, but are not limited to, statementswith respect to the development potential and timetable of the projects; the Company‟s ability to raise additional funds as necessary; the future price of gold; theestimation of mineral resources; conclusions of economic evaluation (including scoping studies); the realization of mineral resource estimates; the timing and amountof estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining orprocessing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking statements can beidentified 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 statements are based on the opinions and estimates of management as of thedate such statements are made. Estimates regarding the anticipated timing, amount and cost of mining at the projects are based on assumptions underlying mineralresource estimates and the realization of such estimates; results of previous mining activities at the projects, and detailed research and analysis completed byindependent of the Company; research and estimates regarding the timing of delivery for long-lead items; knowledge regarding the factors consultants andmanagement involved in building a mine and other factors described in the technical reports and Annual Information Form filed under the profile of the Company onSEDAR. Capital and operating cost estimates are based on results of previous mining activities, research of the Company and independent consultants, recentestimates of construction and mining costs and other factors that are set out in the scoping study. Production estimates are based on mine plans and productionschedules, which have been developed by the Company‟s personnel and independent consultants. Forward-looking statements are subject to known and unknownrisks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different fromthose expressed or implied by such forward-looking statements, including but not limited to risks related to: timing and availability of external financing on acceptableterms; unexpected events and delays during construction, expansion and start-up; variations in ore grade and recovery rates; receipt and revocation of governmentapprovals; 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 hasattempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be otherfactors 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 resultsand future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-lookingstatements. The Company does not undertake to update any forward-looking statements 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 mineralresources 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.

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 shouldnot 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 isdetermined by dividing the operating expenses, excluding stock-based compensation allocated to the operating expense and next of silver revenue, by the number ofounces of gold sold. There are variations in the method of computation of „cash cost per ounce” as determined by the Company compared with other miningcompanies.

Qualified Person

David Keough, MAusIMM of Crocodile Gold Australia Operations is a “qualified person” as such term is defined in National Instrument 43-101 and has reviewed andconfirmed the technical information and data included in this presentation.

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 arerecognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred mineralresources” 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 aninferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis offeasibility 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 beconverted 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 economicallyor legally mineable.

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First World Location & Infrastructure

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Our Assets

ProductionHowley Trend

open pit mine

North Point

open pit mine

oxide, low strip ratio

dry season operation (May – Nov)

Princess Louise

open pit mine

dry season operation (May – Nov)

DevelopmentCosmo

underground mine

initial ore mined 3rd

Qtr 2011

Pine Creek-International

open pit mine

Production upon receipt of permits

4

MillsUnion Reefs Mill

2.4 mtpy

in operation

Tom’s Gully Mill

240,000 tpy

Care and maintenance

Exploration Potential >2,700 km2

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Investment Advantage

Expanding production profile, decreasing cash costs

Outstanding potential to discover additional resources

3.175 million ounces M&I and 2.14 million ounces Inf.

Infrastructure replacement value = $200M (Adjacent to major highway and utilities)

2010 production of 82,000 ounces

2011 production guidance: 77,500 – 82,500 ounces

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2011 Major Capital

Investments

Cosmo underground

Exploration

2011 – Growing Production Throughout the Year

6

2011 Production Sources

Open Pits: Howley, Princess Louise, Pine

Creek/Union Reefs area

Underground: Cosmo, Brocks Creek

2011 Key Catalysts Production from Cosmo

Initial ore expected 3rd Qtr -2011

Will contribute 50% of ounces at full production (800,000 t.p.a. ore).

Production from Pine Creek- International, upon receipt of permits

Aggressive exploration program (Brownfields and Greenfields)

Increasing % of high grade mill feed throughout the year from Cosmo

2011 Guidance

77,500 -82,500 oz

Cash Cost

US$1,150-$1,250/oz

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Cosmo/Howley Area

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Howley Trend Open Pit Mining May 2011

8

Mottrams Pit - Looking South Mottrams Pit – Looking West

Howley Pit and Ore ROM Pad Mottrams Pit – Looking South

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Cosmo – East Lode Expansion Potential

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Cosmo – West Lode Expansion Potential

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Cosmo Development July 2011

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As Constructed

Eastern Lodes

Design

Western Lodes

First Ore

Potential extension

Of Western Lode

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Cosmo – DewateringJune 2011

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Future Ventilation

Raise

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Cosmo Underground Equipment

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Mining Projects –Cost Comparison

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Cosmo development provides leverage of additional high-grade ore leading to significantly lower cash costs/oz.

Cosmo mining costs are higher than open pits but the ounces per vertical meter assist in lower mining costs for underground.

Cosmo will eventually make up 40% of mill feed (50% of ounces) which will help lower overall costs and improve overall production.

Open Pits provide good margin (US$400) to current gold price.

Open PitExampleBurnside

Open PitExampleBurnside

Open PitExampleBurnside

Open PitExample

Pine Creek

Underground

Cosmo

Mining Cost per Tonne $2.50 $2.50 $2.50 $2.50 $44.00

Strip Ratio 3.0 3.0 6.5 2.5

Mining Cost per TonneMilled $10.00 $10.00 $18.75 $8.75 $44.00

Processing Cost $16.00 $16.00 $16.00 $16.00 $16.00

Ore Haulage $8.25 $8.25 $8.25 $2.50 $8.50

Site General & Administration $3.50 $3.50 $3.50 $3.50 $3.50

Total $/Tonne Milled $37.75 $37.75 $46.50 $30.75 $72.00

Ore Grade 1.30 1.50 1.50 1.30 4.50

Recovery 90.0% 90.0% 93.0% 80.0% 92.0%

Cost per Ounce $1,003 $870 $1,037 $920 $541

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Outside Exploration - CosmoConductive/Magnetic Targets Associated With the Cosmo Trend

AEM

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Burnside: Howley Trend25 Kilometres of Potential

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Union Reefs/Pine Creek Area

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Union Reefs & Pine CreekNear Term, Low Cost Production

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New targets adjacent to Union Reefs Mill

Potential for near term, low cost production

Currently prioritizing targets

Potential production mid 2011

Pine Creek Indicated Resources increased from 69,600 oz to 288,600 oz

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Union Reefs

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Historical Production/Intercepts:

Union Reefs = 800,000 oz Au

Pine Creek = 750,000 oz Au

Significant potential to increase existing resources

11m @ 6.60g/t Au36m @ 4.10 g/t Au16m @ 6.00 g/t Au

19m @ 10.62 g/t Au9m @ 24.40 g/t Au9m @ 4.00 g/t Au

Crosscourse – “Cosmo” scale target:

5m @ 31.97 g/t Au3m @ 45.10 g/t Au

Lady Alice:

3m @ 24.56 g/t Au

Union North:

3m @ 37.50 g/t Au

Prospect Claim:

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Union Reef Crosscourse Deposit

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Crosscourse Pit Mineralization (Photo taken in base of pit at Crosscourse in2003 looking north. Mineralization is estimated to be around 30m wide at a gradeof 4g/t plunging to the north at around 60o. Red line is showing high grade zoneand orange line is lower grade margin (~1.5g/t).)

Mineralized

Quartz Veins

4 g/t Au over 30 metres1.5 g/t Au

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Union Reef Development Conceptual Cost Profile

Using previous operating data, existing cost regime, and projected grades, deposits show excellent potential to deliver low cost ounces to the production profile.

Number 1 Exploration priority

High-Grade vein targets (Prospect & Lady Alice)

Bulk-Ore targets (Crosscourse- “Cosmo Style”)

Need to expand resources and complete detailed mining studies before deposits can be included in any future production forecasts.

No guarantee that an economic resource will be discovered to justify a production decision.

Underground

Cosmo

Conceptual

Underground

Prospect

Union Reef

Conceptual

Underground

Prospect

Union Reef

Conceptual

Underground

Crosscourse

Union Reef

Mining Cost per Tonne

Milled $44.00 $80.00 $80.00 $44.00

Processing Cost $16.00 $16.00 $16.00 $16.00

Ore Haulage $8.50 $0.00 $0.00 $0.00

Site General &

Administration $3.50 $3.50 $3.50 $3.50

Total $/Tonne Milled $72.00 $99.50 $99.50 $63.50

Ore Grade 4.50 6.00 7.50 4.50

Recovery 92.0% 92.0% 92.0% 92.0%

Cost per Ounce $541 $561 $448 $477

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Exploration

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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

MOUNT BONNIE

Aeromagnetics- tilt derivative

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)

IRON BLOW

Massive Sulfide Deposits

* “Gold Deposits of the Northern Territory” by Ahmad, Wygralak and Ferenczi, 2009. A qualified person 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.

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Maud Creek Deposit

Resources*Mined 173,600t @3.32g/t Au – 18,500oz

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

Inferred - 1,072,000t @2.4g/t Au for 82,000oz using a 1.0g/t Au cut-off

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

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

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

Significant asset to Crocodile Gold

North south trending, good widths, excellent configuration for underground mining

Cross section

*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 in this presentation. 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

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Regional Exploration Program(Airborne Geophysics Survey Areas)

Bons Rush

Mt. Ellison

Woolwonga

Brocks Creek

Mt. BonnieCosmo Mine

3,700 line Km’s Scheduled for Mid June

Combined AEM and magnetometer survey

Geotech VTEM system- state of the art

Includes Moline and Maud Creek tenements

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Undervalued on Equivalent/oz Au Comparison

26Source: NBF

Updated on June 15, 2011

EV/oz Au Producer Average = $US 145/oz

Crocodile Gold= $US 45/oz

ARZ

NGD

NGX

AGI

ORA

GAM

JAG

MFL

P

RML

AVM

CLF

EDV

GSC

HRG

RSG

SMFTGZ

AUQ

CRK

KCN

OGC

Average

$0

$50

$100

$150

$200

$250

$300

$350

$400

0 5,000 10,000 15,000 20,000

EV/o

z A

u (

US$

/oz)

Total Resources (Koz Au)

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Undervalued on Price to Net Asset Value Comparison

Source: Raymond James

Updated as of June 14, 2011

0.5x

0

0.5

1

1.5

2

ORA CRK AGI GSC LSG YRI ANO ELD AEM

Gold Producers

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Management & Board

28

Chantal Lavoie, P.Eng.

President and Chief Executive Officer

David Keough

Chief Operating Officer

Steve Woodhead

Chief Financial Officer

Bill Nielsen, P. GeoVice President Exploration

Colinda ParentVice President Business Development

Brianna Davies Corporate Secretary

Stan Bharti, P.Eng.

Chairman

Chantal Lavoie, P.Eng

George Faught, CA

Mike Hoffman, P.Eng.

Bruce Humphrey, P.Eng.

Peter Tagliamonte, P.Eng.

Management Board of Directors

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Capital Structure

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Share Structure (at July 31, 2011)

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Shares Issued & Outstanding

309,851,311

Warrants 69,499,116

Options 19,441,204

Fully Diluted 409,291,631*

Market Capitalization(approximately, as of July 31, 2011)

$217 Million

Analyst Coverage

Cormark Securities

Fraser Mackenzie

Raymond James

Union Securities

CRK Share Price

*Including 2.5 million shares to be issued under the Company Share Compensation Plan

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

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Reserve Summary December 31, 2010

TSX:CRK

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

PROBABLE MINERAL RESERVE

Project Deposit Cut-off (g/t) TonnesGold Grade

(g/t)Ounces

GoldBurnside Brocks Creek 7.1 34,000 8.6 9,300

Cosmo Deeps 3.1 3,100,000 4.2 420,000Howley 1.0 340,000 1.6 18,000

North Point 1.0 55,000 2.3 4,000Princess Louise 1.0 200,000 1.5 9,700

Mottrams 1.0 980,000 1.2 39,000Pine Creek Kohinoor 1.0 290,000 1.9 18,000

Cox 1.0 500,000 1.6 26,000International 1.0 1,300,000 1.5 65,000

Gandys 1.0 480,000 1.7 26,000South Enterprise 1.0 420,000 2.0 27,000

TOTAL 7,699,000 2.7 662,000Mineral 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 SummaryDecember 31, 2010

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M+I MINERAL RESOURCE INFERRED MINERAL RESOURCE

Project TonnesGold Grade

(g/t)Ounces Gold

TonnesGold 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 ResourcesA

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 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.

Calculated at a gold price of US$1,000>/oz and exchange rate of $A0.91:US$1.00 ) and contained within optimizing pit shells using current operating costs

MINERAL RESOURCE STATEMENT (Other Commodities)

INFERRED MINERAL RESOURCE

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

BurnsideIron 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

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Union Reefs Mill

Investor Contact Info

Chantal Lavoie President and CEO416-861-2964clavoie@crocgold.com

www.crocgold.com

A Member of the Forbes & Manhattan Group of Companies

Investor RelationsRob Hopkins416-861-5899info@crocgold.com

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