CROCODILE GOLD FILES TECHNICAL REPORTS FOR FOSTERVILLE AND COSMO GOLD MINES AND PROVIDES ANNUAL GENERAL MEETING INFORMATION

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1 65 Queen Street West Suite 825, P.O. Box 75 Toronto, Ontario M5H 2M5 Canada CROCODILE GOLD FILES TECHNICAL REPORTS FOR FOSTERVILLE AND COSMO GOLD MINES AND PROVIDES ANNUAL GENERAL MEETING INFORMATION May 27, 2014, Toronto, Ontario Crocodile Gold Corp. (TSX:CRK)(OTCQX:CROCF)(Frankfurt:XGC) ( Crocodile Gold or the Company) has filed technical reports prepared in accordance with National Instrument Standards of Disclosure for Mineral Projects ( NI ) for the Fosterville Gold Mine and the Cosmo Gold Mine. These filings are in support of the May 21, 2014 news release which outlined the updates to the estimated Mineral Reserves and Mineral Resources of the operating mines. The Technical Reports are available on SEDAR at and on Crocodile Gold s website at Highlights from the Technical Reports included: Fosterville Gold Mine had a positve 30% increase in total estimated Measured and Indicated Mineral Resources of 16.6 million tonnes at 3.87 g/t Au for 2.1 million ounces of gold and had an 84% increase in Inferred Mineral Resources of 6.4 million tonnes at 3.78 g/t Au for 777,000 ounces of gold. Cosmo Gold Mine had a positive increase of 69% in the Measured Mineral Resources category and a total increase of 4% in the total Measured and Indicated Mineral Resources categories of 4.5 million tonnes at 3.43 g/t Au for 500,000 ounces of gold. At Fosterville, drilling in 2013 was focused on near term targets in the Central and Harrier Areas and resulted in the successful delineation of zones of mineralization that have led to growth in total Measured and Indicated Mineral Resources to over 2 million ounces of gold. This increase in Mineral Resources has extended the current Life of Mine plan and an infill drilling program is planned for 2014 to further increase the Mineral Reserves at Fosterville. At Cosmo, the Mineral Resources reported are contained within both the Eastern and Western Lodes of the deposit. Drilling in 2013 was focused on near-term targets and was successful in increasing the Mineral Resources to 500,000 ounces of gold in the Measured and Indicated categories, while the mine also produced 57,500 ounces since June These positive changes to the resources demonstrate a better understanding of the mineralized structures and a 2014 exploration drilling programs will focus on the down plunge extent of the deposit to potentially expand mineral resources. A full summary of the Mineral Reserve and Resource update is included in Tables 1 through 5 at the end of this release. Annual General Meeting Information Crocodile Gold will be holding its Annual General Meeting on June 5 th at 10:00am ET at the Sheraton Centre Toronto Hotel in the Kent Room. The Company will be webcasting the AGM and has provided a link for interested parties to register for the event on the Crocodile Gold home page. Please visit for more details. Notes/Technical Disclosure/Disclaimers Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Environmental, permitting, legal, title, taxation, socio political, marketing, or other relevant issues may materially affect the estimates of Mineral Resources. TSX:CRK OTCQX:CROCF FRANKFURT: XGC

2 The quantity and grade of reported Inferred Mineral Resources in the above estimations are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category. The reports supporting the Mineral Resource and Reserve outlined in this press release will be filed concurrently under the titles: REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE FOSTERVILLE GOLD MINE VICTORIA, AUSTRALIA dated December 31, 2013 and prepared by Troy Fuller, MAIG, and Geology Manager, Fosterville Gold Mine; Simon Hitchman, FAusIMM, Exploration Manager, Victoria and Murray Smith, MAusIMM and Principal Mining Consultant of Mining Plus Pty LTD. REPORT ON THE MINERAL RESOURCES & MINERAL RESERVES OF THE COSMO DEEPS GOLD PROJECT In the Northern Territory, Australia dated December 31, 2013 and prepared by Craig Pridmore, MAusIMM, and Geology Manager of Crocodile Gold Corp. and Murray Smith, MAusIMM, and Principal Mining Consultant of Mining Plus Pty LTD. Qualified Person F. W. Nielsen, P.Geo, Technical Consultant to Crocodile Gold, is a "qualified person" as such term is defined in National Instrument and has reviewed and approved the technical information and data included in this press release. About Crocodile Gold Crocodile Gold is a Canadian gold mining and exploration company with three operating mines in the Northern Territory and the State of Victoria, Australia. The Company has a combined land package in excess of 4,000 sq. km. The objective of Crocodile Gold is to continue production from its three operating mines, Cosmo, Stawell and Fosterville, while also advancing development programs to further organic growth. For additional information, please visit our website Follow us on or Facebook facebook.com/crocodilegoldcorp. For further information, please contact: Rob Hopkins Manager, Investor Relations Crocodile Gold Corp. Tel: info@crocgold.com Cautionary Note Certain information set forth in this press release contains "forward-looking statements", and "forwardlooking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company's expectations for future performance based on current drill results and past production, expected gold prices, and mineral resource and mineral reserve estimates, and are based on Crocodile Gold's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Crocodile Gold's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: liabilities inherent in mine development and production; geological, mining and processing technical problems; Crocodile Gold's inability to obtain required mine licences, mine permits and regulatory approvals required in connection with mining and mineral processing operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in commodity prices and exchange rates; currency and interest rate fluctuations; various events that could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather

3 conditions; the demand for and availability of rail, port and other transportation services; the ability to secure adequate financing and management's ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Crocodile Gold undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

4 Table 1: Estimated Mineral Resources for Fosterville Mine ounces from 2012 Measured 2, % Indicated 14, ,838 32% Total 16, ,069 30% Inferred 6, % 1) Mineral Resources are stated as of the 31st of December ) All Mineral Resources are reconciled to CIM standards as prescribed by the National Instrument ) Mineral Resources are inclusive of Mineral Reserves 4) Mineral Resources are calculated using these parameters; a. Gold price of AUD$1,450 per ounce b. Lower cut off grade applied is 0.5 g/t Au for oxide c. Lower cut-off grade applied is 0.8 g/t Au for near-surface sulphide (above 5050mRL) d. Lower cut-off grade applied is 3.0 g/t Au for underground sulphide (below 5050mRL) 5) All tonnes are rounded to the closest 1,000t and ounces are rounded to the closest 1,000 ounces, Minor discrepancies in summation may occur due to rounding. 6) Mineral Resource Estimate was prepared by Troy Fuller, MAIG, and Geology Manager, Fosterville Gold Mine, Simon Hitchman, FAusIMM, Exploration Manager, Victoria and both of Crocodile Gold and Murray Smith, MAusIMM and Principal Mining Consultant of Mining Plus Pty LTD Note: Mineral Resources are inclusive of Mineral Reserves. The previous Mineral Resource estimate for Fosterville (effective date 31st December 2012) reported Mineral Resources exclusive of Mineral Reserves. The comparative variances shown are against a recast December 2012 Mineral Resource estimate, which is inclusive of Mineral Reserves. Table 2: Mineral Reserve Estimate for Fosterville Gold Mine ounces from 2012 Proven % Probable 1, % Total 1, % 1) Mineral Reserves are stated as of the 31st December 2013 and prepared by Troy Fuller, MAIG, and Geology Manager, Fosterville Gold Mine, Simon Hitchman, FAusIMM, Exploration Manager, Victoria and both of Crocodile Gold and Murray Smith, MAusIMM and Principal Mining Consultant of Mining Plus Pty LTD. 2) All Mineral Reserves are reconciled to CIM standards as prescribed by the National Instrument ) Mineral Reserve Estimates were prepared by Murray Smith of Mining Plus Pty Ltd. 4) The Mineral Reserve estimate used a gold price of AUD$1,415 per ounce. The cut-off grades applied ranged from 1.6 g/t to 3.5 g/t Au for underground sulphide ore depending upon width, mining method and ground conditions. 5) Dilution of 15% and mining recovery of 85% were applied to stopes within the Mineral Reserves estimate. 6) Mineral Reserves have been rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding. 7) CIL tailings are stated as contained ounces 25% recovery is expected. Recoveries are based on laboratory and processing plant test work and operating experience.

5 Table 3: CIL Tailings Mineral Reserve Estimate for Fosterville Gold Mine ounces from 2012 CIL Tails Proven % 1) Mineral Reserves are stated as of the 31st December 2013 and prepared by Murray Smith, MAusIMM and Principal Mining Consultant of Mining Plus Pty LTD. 2) All Mineral Reserves are reconciled to CIM standards as prescribed by the National Instrument ) Mineral Reserve Estimates were prepared by Murray Smith of Mining Plus Pty Ltd. 4) The Mineral Reserve estimate used a gold price of AUD$1,415 per ounce. The cut-off grades applied ranged from 1.6 g/t to 3.5 g/t Au for underground sulphide ore depending upon width, mining method and ground conditions. 5) Dilution of 15% and mining recovery of 85% were applied to stopes within the Mineral Reserves estimate. 6) Mineral Reserves have been rounded to 1,000 tonnes, 0.01 g/t Au and 1,000 ounces. Minor discrepancies in summation may occur due to rounding. 7) CIL tailings are stated as contained ounces 25% recovery is expected. Recoveries are based on laboratory and processing plant test work and operating experience. Table 4: Estimated Mineral Resources for the Cosmo Gold Mine ounces from 2012 Measured 1, % Indicated 3, % Total 4, % Inferred 1, % 1) Mineral Resources are stated as of the 31st of December ) Mineral Resources are inclusive of Mineral Reserves 3) Mineral Resources are calculated using these parameters; a. Gold price of AUD$1,450 per ounce b. Lower cut off of 2.0 g/t Au is used to calculate the Mineral Resources 4) All tonnes are rounded to the closest 1,000t and ounces are rounded to the closest 100 ounces 5) Mineral Resource Estimate was prepared by Craig Pridmore, MAusIMM, and Geology Manager of Crocodile Gold Corp. Table 5: Mineral Reserve Estimate for the Cosmo Gold Mine ounces from last report Proven % Probable 1, % Total 1, % 1) The Mineral Reserve is stated as at 31st December ) All Mineral Reserves have been estimated in accordance with the JORC code and are reconciled to CIM standards as prescribed by the National Instrument ) Mineral Reserves were estimated using the following mining and economic factors: a. 10% dilution added to all stopes

6 b. Minimum stope width is 3.0m c. Expected mining stope recovery is 95% d. Gold price of AUD$1,415 per ounce e. Overall processing recovery of 93% 4) The diluted cut-off grade for Mineral Reserves has been estimated at 2.76 g/t Au 5) Mineral Reserve Estimates were prepared by Murray Smith, MAusIMM, and Principal Mining Consultant of Mining Plus Pty LTD.

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