Standard & Poor's Commences Factual Stock Report Coverage on Crocodile Gold Corp.

Crocodile Gold Corp., a newly formed gold mining company, has announced its first gold pour in December 2009 at its Union Reefs Mill in the Northern Territory, Australia. The company has a significant land package with over 3,500 square kilometers containing 3.09 million ounces of NI 43-101 compliant measured and indicated resources and 1.94 million ounces of inferred resources. With two mills, including the 8,000 tonne per day Union Reefs Mill and the 800 tonne per day Tom's Gully mill, Crocodile Gold is expected to produce over 120,000 ounces in 2010, increasing to more than 200,000 ounces in 2011.

Key Takeaways:

• Crocodile Gold completed a business combination with Franc-Or Resources in November 2009 and began producing gold shortly thereafter.
• The company has a substantial land package with over 3,500 square kilometers containing 3.09 million ounces of NI 43-101 compliant measured and indicated resources and 1.94 million ounces of inferred resources.
• Crocodile Gold has two mills, including the 8,000 tonne per day Union Reafs Mill and the 800 tonne per day Tom's Gully mill, with ore from the Howley open pits and the Brocks Creek underground mine being processed at the Union Reafs mill.
• The company expects to produce over 120,000 ounces in 2010, increasing to more than 200,000 ounces in 2011, with current cash resources and expected operating cash flow making it adequately funded for its expansion plan and exploration program.
• Standard & Poor's Factual Stock Reports provide factual research coverage enabling information about Crocodile Gold Corp. and other securities to reach a wide investor audience.

Statistics:

• Crocodile Gold has assets with a value of 3.09 million ounces of NI 43-101 compliant measured and indicated resources and 1.94 million ounces of inferred resources.
• The company has two mills, including the 8,000 tonne per day Union Reafs Mill and the 800 tonne per day Tom's Gully mill.
• Crocodile Gold is expected to produce over 120,000 ounces in 2010, increasing to more than 200,000 ounces in 2011.
• The company raised C$29 million through a bought deal financing in December 2009 and may raise an additional C$31 million through the accelerated expiry of warrants in January 2010.

Sources:

• "NEW YORK -- Standard & Poor's announced today that it has commenced Factual Stock Report coverage on Crocodile Gold Corp."
• "Crocodile Gold (TSX:CRK) (OTCQX:CROCF) (Frankfurt: XGC)"
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