crk corp presentation feb2013

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

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Page 1: Crk corp presentation feb2013

CORPORATE PRESENTATION FEBRUARY 2013

TSX: CRK OTCQX: CROCF

A Growing Australian Gold Producer

Page 2: Crk corp presentation feb2013

Forward Looking Information

2

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.

Page 3: Crk corp presentation feb2013

Cautionary Notes

3

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.

The 2012 financial results presented herein have been prepared by and are the responsibility of the Company’s management.

The Company’s independent auditor has not performed a review of these results in accordance with standards established by the Canadian Institute of Chartered Accountants. The company

expect to release its audited financial results on or before April 2, 2013.

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 prepared in accordance with International Financial Reporting Standards.

“Cash cost per ounce” is a non-GAAP performance measure that could provide an indication of the mining and processing efficiency and effectiveness at the operations. It is determined by dividing

the operating expenses, excluding stock-based compensation allocated to operating expenses and net 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. The following is a reconciliation of the cash cost per ounce of gold sold, to the

reported operating expenses for the three months ended December 31, September 30, June 30 and March 31, 2012:

Dec 30 Sept 30 June 30 March 31 Operating expenses per consolidated statement of operations

and comprehensive income (loss)

59,645,459

55,557,277

41,720,288

22,405,959 By-product silver sales credit (203,303) (126,723) (105,871) (64,137) Non-cash stock option expense charged to operating

expenses - - - (240,861)

Operating cash costs 59,442,156 55,430,554 41,614,417 22,100,961

Divided by ounces of gold sold 59,541 47,121 35,665 10,900 Cash cost per ounce ($ per ounce) 998 1,176 1,167 2,028

Page 4: Crk corp presentation feb2013

Investment Highlights

4

GROWING GOLD PRODUCTION

GROWING CASH FLOW

EXPLORATION UPSIDE

Cash flow from operation in Q4 2012: ~$39 million

Expect free cash flow of ~ $200 million over next five years

Extensive exploration and development pipeline

Outstanding potential to discover additional resources

Production increased from 77,000 oz in 2011 to 155,000 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 5: Crk corp presentation feb2013

Crocodile Gold Exceeds Gold Production Targets with 155,523 ounces in 2012

5

2013 Growing Production From :

Ramp-up and optimization at Cosmo Mine – improving mine design, increasing extraction rate, lowering mining cost.

Optimization of Fosterville operation with expansion of resources and reserve base.

Advancement of Big Hill Project – proceeding with permitting and final design with potential for production in 2014.

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Q1 Q2 Q3 Q4

Ou

nce

s P

er

Qu

arte

r

2012 Ounce Production

CRK Total CRK Total Annualized

2012 Cost Guidance $1,100 - $1300

Average for 2012: $1,167 $2,028

$1,167 $1,176 $998

$0

$500

$1,000

$1,500

$2,000

$2,500

Q1 Q2 Q3 Q4

2012 Cash Costs

Average Cash Costs of $1,167 in line with 2012 Guidance

Page 6: Crk corp presentation feb2013

6

Growing Gold Production: Double Digit Annual Growth

Growing Production Profile

Existing Operations: Cosmo & Fosterville Mines

Near-term project: Big Hill*

Longer term: UR-Prospect & Maud Creek

Potential for 14MM tonnes milled and in excess of 1.2Moz recovered over 5 years

Key Financial Indicators (cumulative-US$)

Revenue: $2.018 Billion

EBITDA: $765 Million

Free Cash Flow: $205 Million

Average cash cost: ~ $875/ounce

5 YEAR PLAN

*Please refer to cautionary notes on page 12 for PEA disclosures

Page 7: Crk corp presentation feb2013

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Growing Gold Production: Cosmo Mine

Steady development rate reached in 2012

Commercial production by end of Q1/13

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

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 3 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 Union Reefs Mill .

Page 8: Crk corp presentation feb2013

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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 at Fosterville. 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) 90,439

Gold Sold (Ounces) 90,861

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: Crk corp presentation feb2013

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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: Crk corp presentation feb2013

Q1 2012 Q2 2012 Q3 2012 Q4 2012

Revenue $18,577,177 $56,861,530 $78,721,463 $101,770,213

Mine operating earnings (loss) ($5,771,042) $5,949,787 $7,028,408 $12,410,637

Ounces Sold 10,900 35,665 47,121 59,541

Average Sale Price $1,698 $1,591 $1,664 $1,709

Cash Cost Per Ounce $2,028 $1,167 $1,176 $998

Operational Cash Flow ($17,868,866) $4,853,865 $ 32,511,747 $39,143,792 10

2012 Financial Results

Compared to Q1 2012, Crocodile Gold:

Increased Revenue by 448%

Increased Earnings from Mine Operations by 315%

Increased Operating Cash Flow by 322%

$(40,000,000)

$(20,000,000)

$-

$20,000,000

$40,000,000

$60,000,000

$80,000,000

$100,000,000

$120,000,000

Q1 2012 Q2 2012 Q3 2012 Q4 2012

Revenue Mine operating earnings (loss) Operating Cash Flow

Page 11: Crk corp presentation feb2013

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2013 OBJECTIVES

Exploration and Projects

Increase reserves from 1.1MM oz to 1.5MM oz

Consolidate land position in the Northern Territory

through divestment of non-core assets

Advance the Big Hill Project in the State of Victoria

Advance Maud Creek, Union Reefs and Pine Creek Projects

in the Northern Territory Complex

Page 12: Crk corp presentation feb2013

12

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

Production to commence second half of 2014

*Please refer to cautionary language on page 3 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

Page 13: Crk corp presentation feb2013

13

Maud Creek Project

Located near the town of Katherine, Maud Creek is a partial refractory ore deposit

Union Reefs Mill

Prospect

Maud Creek

International

Moline

Exploration and Projects: Northern Territory Complex

Desktop Scoping Study completed in Q4 2012

Applicability of Fosterville BIOX® technology confirmed

Open pit to be followed by underground operation

Ore would be treated at existing Union Reefs mill in separate circuit

Preliminary mine design identified the opportunity of producing approximately 300,000 ounces over 6 years

2013 Milestones

Proceed with Prefeasibility Study including:

additional drilling to capture detailed metallurgical and geotechnical information

Initial community engagement and existing Environmental Impact Study update

2014 Development Decision

Page 14: Crk corp presentation feb2013

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Union Reefs – Prospect Deposit

The Prospect Deposit is located within 1 km of existing infrastructure with historical production treated at the Union Reefs mill

* Refer to Oct 13, 2011, Jan 20, 2012 and May 9, 2012 press releases for detailed results

Union Reefs, Prospect

and Crosscourse Union North

Lady Alice

Union

Reefs Mill

Complex

Prospect

Crosscourse

Exploration and Projects: Northern Territory Complex

Completed a 11,500 m drilling program; key exploration results include*:

Prospect: 4.2 m@27g/t Au, 2.5 m@240g/t Au

Crosscourse: 181.2 [email protected] g/t Au, 12.3 [email protected] g/t Au

Desktop study completed in 2012 identified the opportunity of producing approximately 60,000 ounces over 3 years from Prospect

2013 Milestones

Proceed with Phase II – Underground exploration decline for Prospect with Bulk Sampling

2014 Production Decision

Page 15: Crk corp presentation feb2013

Capital Structure

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Share Structure (At February 1, 2013)

Basic: 406.4 Million

Warrants: 46.75 Million

Options: 029.8 Million

Fully Diluted: 483.35 Million

Market Capitalization: $142.2 Million

52 Week Trading Range $0.29 – $0.60

Cash Position $23 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 65% of Crocodile Gold.

Major Shareholder – Luxor Capital

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

Page 16: Crk corp presentation feb2013

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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: Crk corp presentation feb2013

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Growth Strategy Stakeholder Engagement

Debt Facility - $75 million

Growth strategy supported by Credit Suisse and agreement in principle reached to amend the present debt facility as follow:

Proceeds from “cash out” of call options to be applied against the capital repayment

Deferral of principal payment

Continue with gold swap payment

Key Shareholder

Support and engagement of Luxor in developing growth strategy

Active participation on Board

Page 18: Crk corp presentation feb2013

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 3 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 19: Crk corp presentation feb2013

Why Invest in Crocodile Gold

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Crocodile Gold has Growing Production Doubled production over 2011, 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 producers

Crocodile Gold has Cash Flow Mine operations generated Net Cash Flow of ~ $60mm in 2012. Expect EBITDA of $765mm; Free Cash Flow of $200mm over the next 5 years

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

Crocodile Gold is one of the cheapest mid-tier Gold Producers Making this an excellent entry point. If CRK increased to peer median P/NAV of 0.7x,

shares would appreciate over 100%

Page 20: Crk corp presentation feb2013

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, Director of Finance, Interim 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 21: Crk corp presentation feb2013

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 22: Crk corp presentation feb2013

Investor Contact Information

Chantal Lavoie Chairman, 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

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