Crocodile Gold Corp.

Crocodile Gold Corp.

May 24, 2011 07:30 ET

Repeat: Crocodile Gold to Host Conference Call to Introduce New President and CEO

VP Exploration to Outline Expanded Exploration Program

TORONTO, ONTARIO--(Marketwire - May 24, 2011) -Crocodile Gold Corp. (TSX:CRK) (OTCQX:CROCF)(FRANKFURT:XGC)("Crocodile Gold" or the "Company") will host a conference call at 10:00am (EST) on Tuesday, May 24, 2011 to introduce the incoming President and CEO, Chantal Lavoie. Mr. Lavoie will be joined on the call by Crocodile Gold Chairman Stan Bharti, CFO Stephen Woodhead, VP Exploration Bill Nielsen and VP Corporate Development Colinda Parent. Mr. Nielsen will also provide an update to the market on the Company's expanded exploration program. The exploration budget has been increased to $11 million from $5 million and the number of drill rigs on site is planned to increase in the coming weeks.

To participate in the call please dial:
Toronto area416-340-2216
North America+1-866-226-1792
International:+1-416-340-2216 or +1-800-9559-6849

Access to the live webcast will be available on the Company's website at The webcast will remain on the website after the call for play-back.

About Crocodile Gold

Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia and a land position of over 2,700 km2. Crocodile Gold is currently mining from the Howley, Mottrams North Point and Princess Louise open pit mines. The Company is currently developing the Cosmo underground mine. Ore is currently processed at the 2.4 million tonne per year Union Reefs Mill. Crocodile Gold has 3.175 million ounces of National Instrument 43-101 compliant measured and indicated mineral resources (51.85 million tonnes at an average grade of 1.9 g/t gold) and 2.14 million ounces of inferred mineral resources (36.35 million tonnes at an average grade of 1.8 g/t gold). The Company has an exploration program in place with a main focus on the Union Reefs Project and the Cosmo Howley Mineral corridor which covers a strike length of over 25 kilometres and includes other deposits such as Bons Rush and Bridge Creek.

David Keough, MAusIMM and Bill Nielsen, P. Geo of Crocodile Gold are each a "qualified person" as such term is defined in National Instrument 43-101 and have reviewed and confirmed the technical information and data included in this press release.

Cautionary Note

Certain information set forth in this press release contains "forward-looking statements", and "forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which include the impact of the appointment on the Company, management's assessment of Crocodile Gold's future plans, operations and mineral resource 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 licenses, 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 which could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather 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, as 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.

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