Crocodile Gold Reports High Grade Results at Cosmo

Crocodile Gold (CRK.TSX) announced that delineation drilling at its Cosmo
Underground Mine in the Northern Territory of Australia has identified
additional higher grade intersections into the 100 Lode located in the hanging
wall of the Cosmo East Zone. The Company noted that these results have lead to
the identification of a core of higher grade material that is expected to
improve the near term mine plan. Drill results have also provided a new
understanding of the geological controls in this style of mineralization.
Highlights: * 8 meters (m) of 15.69 grams per tonne (g/t) of gold (Au) in hole
CE102516 * 6 m of 11.40 g/t Au in hole CE102513 * 3 m of 13.29 g/t Au in hole
CE102510 David Keough, Chief Operating Officer of Crocodile Gold : To date, the
delineation program has been successful at confirming grades at Cosmo and, in
this case, revealed a higher grade core that was not previously known to us. The
identification of this zone will play a major role in the success of the Cosmo
underground mine plan." Craig Pridmore, Chief Geologist: The recognition of
the importance of these cross faults and the orientation of the carbonaceous
contacts on the control of the higher grade mineralization at Cosmo will be
tested in other geological domains of the ore body. In addition, ongoing
delineation drilling is continuing to test this newly defined higher grade core
at depth.