Crocodile Gold (CRK.TSX) announced that Kevin Conboy and Robert Getz, each
being a nominee of Luxor Capital Group, LP have joined the board of directors of
the Company, replacing Bruce Humphrey and Michael Hoffman. The board of
directors is now comprised of Chantal Lavoie as Chairman, George Faught as
independent lead director, Peter Tagliamonte, Kevin Conboy and Robert Getz.
Highlights: * Mr. Getz is a managing director and a co-founder of Cornerstone
Equity Investors, LLC * He has strong experience in public and private debt and
equity financings and domestic and international mergers and acquisitions. * Mr.
Conboy was President and Chief Executive Officer of Acordia, Inc., a subsidiary
of Wells Fargo based in Chicago, and served as Chief Executive Officer for the
NIA Group of Paramus, New Jersey * He possesses a wealth of experience in the
financial markets and has considerable exposure to financial instruments and
business transactions Chantal Lavoie, President & CEO of Crocodile Gold : 2012
promises to be a very exciting year for the Company on numerous fronts. Cosmo
development is ramping up as planned, gold production for the first month of
2012 is in line with guidance for the year, our exploration activities in the
Union Reefs area continue to show great promise and our strategic initiatives
continue to progress very well. David Keough, Crocodile Golds Chief Operating
Officer: The ore processed at the Companys Union Reefs Mill was 20% above the
tonnes processed in January 2011, which reflects measures taken to minimize
processing downtime associated with the wet season as well as a lower than
normal start to the Monsoons which occur yearly from November to May.
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