An EvolvingAustralian Gold

Producer

JUNE 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 notlimited to, statements with respect to the development potential and timetable of the projects; the Company’s ability to raise additional funds asnecessary; the future price of gold; the estimation of mineral resources; conclusions of economic evaluation (including scoping studies); therealization of mineral resource estimates; the timing and amount of estimated future production, development and exploration; costs of futureactivities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; governmentregulation of mining operations; and environmental risks. Generally, forward-looking statements can be identified by the use of forward-lookingterminology 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 managementas of the date such statements are made. Estimates regarding the anticipated timing, amount and cost of mining at the projects are based onassumptions underlying mineral resource estimates and the realization of such estimates; results of previous mining activities at the projects, anddetailed research and analysis completed by independent of the Company; research and estimates regarding the timing of delivery for long-leaditems; knowledge regarding the factors consultants and management involved in building a mine and other factors described in the technicalreports and Annual Information Form filed under the profile of the Company on SEDAR. Capital and operating cost estimates are based on resultsof previous mining activities, research of the Company and independent consultants, recent estimates of construction and mining costs and otherfactors that are set out in the scoping study. Production estimates are based on mine plans and production schedules, which have been developedby the Company’s personnel and independent consultants. Forward-looking statements are subject to known and unknown risks, uncertainties andother factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from thoseexpressed or implied by such forward-looking statements, including but not limited to risks related to: timing and availability of external financingon 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 planscontinue to be refined; future prices of gold; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and otherrisks of the mining industry. Although management of the Company has attempted to identify important factors that could cause actual results todiffer materially from those contained in forward-looking statements, 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 differmaterially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. TheCompany 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 reservesand mineral resources be reported separately. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Qualified Person

David Keough, MAusIMM of Crocodile Gold Australia Operations is a “qualified person” as such term is defined in National Instrument 43-101 andhas reviewed and confirmed 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 whilesuch terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize theseterms. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. Itcannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimatesof inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assumethat all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are alsocautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. 2

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First World Location & Infrastructure

3

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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: 85,000 – 100,000 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

85,000-100,000 oz

Cash Cost US$875-$975/oz

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Cosmo/Howley Area

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Howley Trend Open Pit Mining May 2011

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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 June 2011

11

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

14

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 Pit Open Pit Open Pit Open Pit UndergroundExample Example Example ExampleBurnside Burnside Burnside Pine Creek Cosmo

Mining Cost per tonne $2.50 $2.50 $2.50 $2.50 $44.00Strip Ratio 3.0 3.0 6.5 2.5

Mining Cost per Tonne Milled $10.00 $10.00 $18.75 $8.75 $44.00Processing Cost $16.00 $16.00 $16.00 $16.00 $16.00Ore 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 4.50Recovery 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.

Conceptual Conceptual Conceptual

Underground Underground Underground Underground

Cosmo Prospect Prospect Crosscourse

Union Reef Union Reef 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

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Maud Creek Deposit

ResourcesIndicated - 9,288,000t @3.1g/t Au for 935,000ozInferred - 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

Mined 173,600t @3.32g/t Au – 18,500oz

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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

TSX:CRK

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

Stan Bharti, P.Eng.

Chairman

George Faught, CA

Chantal Lavoie, P.Eng.

Mike Hoffman, P.Eng.

Bruce Humphrey, P.Eng.

Peter Tagliamonte, P.Eng.

Management Board of Directors

TSX:CRK

Capital Structure

29

Share Structure (at May 31, 2011)

TSX:CRK

Shares Issued & Outstanding

309,851,311

Warrants 69,499,116

Options 18,441,204

Fully Diluted 397,791,631

Market Capitalization(approximately, as at May 31, 2011)

$239 Million

Analyst Coverage

Cormark Securities

Fraser Mackenzie

Raymond James

Union Securities

CRK Share Price

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

$1.80

30

Reserve Summary December 31, 2010

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CROCODILE GOLD MINERAL RESERVE STATEMENT -31 December, 2010

Project DepositCut-off

(g/t)Tonnes

Gold Grade

(g/t)

Ounces

Gold

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

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

$A:$US 0.91

PROBABLE MINERAL RESERVE

Burnside

Pine Creek

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability

Gold Price: $US1000/oz

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Resource SummaryDecember 31, 2010

TSX:CRK

Tonnes Grade Ounces Tonnes Grade Ounces

Mt Bundy 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

31 December 2010

M+I Inferred

Project Deposit Commodity Cut-off TonnesGrade

(ppm)Contained metal

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

Note: C= Crocodile Gold has a 30% free carried interest in this deposit

MINERAL RESOURCE STATEMENT (Other Commodities) - 31 December 2010INFERRED MINERAL RESOURCE

BurnsideIron Blow

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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