Crocodile Gold Corporate Presentation December 2012

1. A New Mid-Tier Gold Producer
TSX: CRK
OTCQX: CROCF CORPORATE PRESENTATION
FRANKFURT: XGC

2. Forward Looking Information
TSX:CRK OTCQX: CROCF
This presentation contains forward-looking information under Canadian securities legislation. Forward-looking information includes, but are not limited to, statements with respect to the
development potential and timetable of the projects; the Company’s ability to raise additional funds as necessary or on commercially reasonable terms; the future price of gold; the estimation
of mineral resources; conclusions of economic evaluation (including scoping studies); the realization of mineral resource estimates; the timing and amount of estimated future production,
development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates;
government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”,
“expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and
phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is based on the opinions
and estimates of management as of the date such statements are made. Estimates regarding the anticipated timing, amount and cost of mining at the projects are based on assumptions
underlying mineral resource estimates and the realization of such estimates; results of previous mining activities at the projects, and detailed research and analysis completed by independent
of the Company; research and estimates regarding the timing of delivery for long-lead items; knowledge regarding the factors consultants and management involved in building a mine and
other factors described in the technical reports and Annual Information Form filed under the profile of the Company on SEDAR. Capital and operating cost estimates are based on results of
previous mining activities, research of the Company and independent consultants, recent estimates of construction and mining costs and other factors that are set out in the scoping
study. Production estimates are based on mine plans and production schedules, which have been developed by the Company’s personnel and independent consultants. Forward-looking
information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to: timing and availability of external financing on acceptable
terms; unexpected events and delays during construction, expansion and start-up; variations in ore grade and recovery rates; receipt and revocation of government approvals; actual results
of exploration and mining activities; changes in project parameters as plans continue to be refined; future prices of gold; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry. Although management of the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Investors are advised that National Instrument NI 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported
separately. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Due to the uncertainty of measured, indicated or inferred mineral resources, these
mineral resources may never be upgraded to proven and probable mineral reserves.
Certain information contained herein may be considered to be future-oriented financial information, which was designed and approved by management of Crocodile Gold for the purposes of
assessing the value of the acquisition. Readers are cautioned that such information may not be appropriate for their use, and readers should consult their financial advisors as appropriate.
Bill Neilsen P.Geo. Vice President of Exploration at Crocodile Gold is a “qualified person” as such term is defined in National Instrument 43-101 and has reviewed and approved the technical
information and data included in this presentation
Non-GAAP Measures
Crocodile Gold believes that investors use certain indicators to assess gold mining companies. The indicators are intended to provide additional information and should not be considered in
isolation or as a substitute for measures of performance in accordance with the International Financial Reporting Standards.
“Cash Cost per Ounce” is a non-GAAP performance measure which could provide an indication of the mining and processing efficiency at the operations. It is determined by dividing the
operating expenses, excluding stock-based compensation allocated to the operating expense and next of silver revenue, by the number of ounces of gold sold. There are variations in the
method of computation of ‘cash cost per ounce” as determined by the Company compared with other mining companies. For more detail on Cash Cost per Ounce determination for Corocidle
gold, please visit www.sedar.com or www.crocgold.com and review the latest Annual Financial Statements issued on March 19, 2012.
Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred Resources
The information presented uses the terms “measured”, “indicated” and “inferred” mineral resources. United States investors are advised that while such terms are recognized and required by
Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred mineral resources” have a great amount of uncertainty as to their
existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian
rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of
measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral
resource exists, or is economically or legally mineable.
Note for Page 5: For information regarding mineral resource and reserve estimates, including parameters used to generate the estimates and depletion, please see the technical reports titled: REPORT ON THE
MINERAL RESOURCES & MINERAL RESERVES OF THE NORTHERN TERRITORY GOLD AND BASE METALS PROPERTIES FOR CROCODILE GOLD CORP. dated April 4th, 2011; NI43-101 TECHNICAL
REPORT FOSTERVILLE GOLD MINE, VICTORIA, AUSTRALIA PREPARED FOR CROCODILE GOLD CORP dated April 29 th, 2012; NI43-101 TECHNICAL REPORT STAWELL GOLD MINE, VICTORIA, AUSTRALIA
PREPARED FOR CROCODILE GOLD CORP dated April 9th, 2012. These documents are available on the company website and at www.sedar.com.
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3. Investment Advantage
TSX:CRK OTCQX: CROCF
 Australian-based production and exploration
 Mineral Resources: M&I of 4.1 million oz, Inferred of 2.8 million oz
Assets  Over 4,000 sq. km land package with proven historical production
 Significant infrastructure and accessibility
 Two operating mines and one new mine nearing commercial production:
 One 2.4MM TPA central processing facility in the Northern Territory
Complex at Union Reefs
Production  Two 1.0MM TPA processing facilities in the State of Victoria
 Expanding production profile with decreasing cash costs
 New projects are being added to the production profile
 Outstanding potential to discover additional resources
Exploration  Extensive exploration project and development pipeline, with further joint
venture opportunities
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4. Our Assets
TSX:CRK OTCQX: CROCF
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5. Our Assets
TSX:CRK OTCQX: CROCF
Northern Territory Complex Mineral Resources* Tonnes
(MM)
Au Grade
(g/t)
Au
(Koz)
Production Proven & Probable Reserves
Cosmo 3.1 4.2 420
 Burnside Property Fosterville 2.4 4.7 365
 Cosmo - anticipated commercial Stawell 1.0 3.4 107
Pine Creek 3.0 1.7 162
production in Q1 2013 Burnside 1.6 1.5 80
 West Howley / Rising Tide - ceased Reserves 11.1 3.2 1,134.0
production in Q2 2012
Measured and Indicated Resources (incl. of Reserves)
 Ore processed at centralized Union Reefs Cosmo 5.3 4.6 776
Mill Fosterville 13.9 2.9 1289
Pre - Production Stawell 4.7 2.6 399
Pine Creek 5.5 1.6 289
 International Pit (Pine Creek) – Union Reefs 0.2 2.4 18
Preparatory stage Maud Creek 9.3 3.1 935
Burnside 11.3 1.4 493
Advanced Exploration Mt Bundy 20.2 1.0 664
 Union Reefs M&I Resources 65.2 1.9 4,087.0
 Maud Creek Inferred Resources
Cosmo 5.7 3.7 676
Fosterville 5.0 2.9 477
Victoria State Assets Stawell 1.0 4.7 145
Pine Creek 2.3 2.4 183
Union Reefs 3.7 1.7 204
Production Maud Creek 1.1 2.4 82
 Fosterville Burnside 13.0 1.5 647
 Stawell Mt Bundy 10.5 1.0 350
Inferred Resources 42.4 2.0 2,764.0
*Please refer to cautionary language and Note for Page 5 on page 2 of this presentation 5

6. Northern Territory Complex -
Production / Pre-Production TSX:CRK OTCQX: CROCF
Cosmo (Underground)
 Asset on Burnside property, historically produced
approximately 430 Koz Au since 1873 (with Howley)
 Development initiated in February 2011
 Trial stoping completed in Q1 2012
 Production stoping initiated in September, with
first transverse stope successfully extracted
 Ramping-up and targeting 80,000 oz Au per year
 Delineation drilling program confirming expectation
in terms of grade and tonnage
Union Reefs Mill Union Reefs Mill, Northern Territory
 Centralized CIL mill with a capacity of 2.4MM TPA
 Gravity and Carbon-in-Pulp plan designed to recover
gold from free-milling ore sourced from Burnside and
Pine Creek
 Plant is capable of recovering coarse gold by gravity
concentration and fine gold by cyanide leaching and
absorption on activated carbon
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7. Northern Territory Complex -
Production / Pre-Production TSX:CRK OTCQX: CROCF
Pine Creek – International Deposit (Open Pit)
 Located approximately 20 km from Union Reefs mill
Prospect
 Previously produced 745 Kt @ 1.6g/t for 31 Koz Au
Crosscourse
until mining ceased in 1995
Union Reefs Mill
 Granted in-principle approval for redevelopment
and proposed preparatory work; initiated surface
drilling for optimizing and finalizing mining activities
International
 Expected to produce 1.4 Mt @ 1.3g/t for 47 Koz
over 3 year LOM (Waste:Ore - 3.5:1)
Next Steps International Conceptualized
Open Pit
 Q4 2012: Production decision
 Q2 2013: Expect mining to start
Conceptualized pit
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8. Northern Territory Complex -
Exploration Assets TSX:CRK OTCQX: CROCF
Union Reefs -- Prospect Deposit Union Reefs, Prospect Union North
and Crosscourse
 Located within 1 km from existing infrastructure Lady Alice
 Historical production of 800 Koz Au from open pits
Prospect
(Anglo Gold); ore treated at the Union Reefs mill
Crosscourse
 Completed a 11,500 m drilling program; key
exploration results include*: Union
Reefs Mill
 Prospect: 4.2 m@27g/t Au, 2.5 m@240g/t Au Complex
 Crosscourse: 181.2 m@1.8 g/t Au, 12.3 m@8.9
g/t Au
Next Steps
 Q3 2012: Update of resource model & desktop
study
 Q4 2012: Board decision on Phase II –
Underground exploration decline
* Refer to Oct 13, 2011, Jan 20, 2012 and May 9, 2012 press releases for detailed results
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9. Northern Territory Complex -
Exploration Assets TSX:CRK OTCQX: CROCF
Maud Creek
 Near town of Katherine, 8 km from highway
 Previously produced 174 Kt @ 3.3 g/t Au for 19 Koz Au
 Desktop Scoping study - Conceptual design
 Open pit to be followed by underground
operation
 Partially refractory ore; testing indicates 90-95%
recovery by flotation with concentrates grading
3-6 oz/t Prospect
 applicability of Fosterville BIOX® technology Union
Moline
Reefs Mill
Next Steps International
 Update of mineral resource, metallurgy and scoping
study are expected this year
 Q4 2012: Recommendation on next phase – revised Maud Creek
resource estimate and desktop study in progress
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10. Victoria State Assets
TSX:CRK OTCQX: CROCF
Fosterville (Underground) Fosterville Production Facility
 Located approximately 150 km north of
Melbourne and 20 km from Bendigo, accessible
by all weather roads
 Producing since 1992 with own processing
facility (capacity of 800 Ktpa) with a bacterial
oxidation process uses BIOX technology
 Expected to produce 82-87 Koz Au in 2012
(including production prior to May 4, 2012
acquisition)
 Current mine life of 3 years based on reserves &
resources; production of approximately 85-95
Koz Au annually
 Recently announced results from high-grade
gold intersections from drill holes on strike
extension of the Phoenix ore body (Press
Release dated Aug. 30, 2012)
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11. Victoria State Assets
TSX:CRK OTCQX: CROCF
Stawell (Underground)
 Located alongside the town of Stawell, in
central Victoria, approximately 250 km west of
Melbourne
 Expected to produce 69-74 Koz Au in 2012 (incl.
production prior to May 4, 2012 acquisition)
 Standard CIL gold recovery circuit following
crushing and grinding and sulphide flotation;
processing capacity is 1.0MM tpa Stawell Production Facility
 Decision to ramp-down underground mining
activities by end of 2013; will continue to
provide cash flow due to savings on capital
expenditure
 Opportunity to economically treat historical
surface stockpile beyond 2013
Next Steps
 Q4 2012: Decision to carry out additional work
on known deposit extension on the mining
lease
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12. Production
2012 – Outlook TSX:CRK OTCQX: CROCF
Northern Territories $2,500.00
2012 Cash Costs
 Suspension of surface mining occurred in Q2 $2,000.00
2012 Cost Guidance
2012 $2,028.00 $1,100 - $1,300
$1,500.00
 Ramp-up of Cosmo Mine
 Production 40,000 to 45,000 ounces in 2012 $1,000.00 $1,167.00 $1,176.00
$500.00
State of Victoria
$0.00
 Integration of Fosterville and Stawell mines in Q1 Q2 Q3
Victoria.
60,000 200,000
 Decision to ramp down U/G operations at 2012 Production Profile 180,000
50,000
Stawell 160,000
Cumulative Ounces
40,000 140,000
 Production 151,000 to 161,000 ounces in 120,000
Ounces
2012 30,000 100,000
80,000
20,000 60,000
Q3 – YTD Production 10,000 40,000
20,000
 93,376 ounces 0
Q1 Q2 Q3 Q4
0
 141,625 ounces, including FGM and SGM CRK Total Total CRK Cumulative Total Cumulative
production prior to May 5th
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13. Exploration
TSX:CRK OTCQX: CROCF
Strategy  Growth through greenfield and brownfield exploration
Exploration  Increase reserves from 1.1MM oz to 1.5MM oz
Goals  Increase resources from 7.6MM oz to 10.0MM oz
 Assessment of information collected in 2011 for
identification of next opportunities
2012
 Assessment of recently acquired land position in State of
Objectives
Victoria
 Advance Union Reefs & Maud Creek projects
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14. Our Growth Strategy
TSX:CRK OTCQX: CROCF
Short Term Medium Term Long Term
Focus on Higher Quality Maximize Value of Gold Explore
Ore Assets  Continued investment in
 Ramp-up of Cosmo mine  Advance projects such as exploration on an annual
Union Reefs and Maud basis
 Integration of Fosterville and Creek
Stawell operations  Focus on successful
 Assessment of expanded conversion of existing
 Reap benefits of increased land position in the State of resources into reserves
scale and synergies, both in Victoria
operations and in cost of  Prioritization of higher
capital  Consolidate assets quality deposits and projects
 Permitting of International  Value creating acquisitions
Mine (Pine Creek)
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15. Capital Structure
TSX:CRK OTCQX: CROCF
Share Structure (At November 30, 2012) Third Quarter 2012 Results
Basic: 406.4 Million At September 30, 2012 (US$):
Total Asset Value: 473,498,092
Warrants: 56.75 Million
Cash Position: $20,383,957
Options: 029.8 Million
Three months ended September 30, 2012 (US$):
Fully Diluted: 493.35 Million Revenue: $78,721,463
Market Capitalization: $142.0 Million Operating Earnings: $7,028,408
52 Week Trading Range $0.29 – $0.80 Cash from Operations: $32,511,747
Gold Producer P/NAV Multiples 52 Week Share Price Performance
$0.70
1.4x
$0.60
1.2x
$0.50
0.9x
$0.40
0.8x 0.8x
0.7x 0.7x $0.30
0.5x $0.20
0.4x
$0.10
0.2x
$0.00
GSC RSG OGC SBM TGZ EDV BAA JAG CRK ORA
Source: Consensus estimates, Bloomberg. EDV pro forma acquisition of Avion. 15

16. Management
TSX:CRK OTCQX: CROCF
Chantal Lavoie, P. Eng., President & Chief Executive Officer, Chairman
Mr. Lavoie is a Professional Mining Engineer with extensive experience in mining operations and projects. Mr. Lavoie has spent the last eight years at De
Beers Canada Inc. ("De Beers") where he was responsible for the Canadian operations of De Beers including Snap Lake and Victor mines, the Gahcho Kue
project and was acting CEO of De Beers. Mr. Lavoie has also worked for Barrick Gold Corporation at Goldstrike in Nevada and Aur Resources Inc. at the
former Louvicourt mine.
Rob Dufour, Director of Finance, Interim Chief Financial Officer
Mr. Dufour is a Chartered Accountant with over 10 years of finance and accounting experience. He started his career with the Toronto office of
PriceWaterhouseCoopers and later joined Northgate Minerals Corporation as Corporate Controller and subsequently was promoted to Group Financial
Controller for Northgate Australian Venture Corporation (NAVCO), which was more recently acquired by Crocodile Gold Corporation.
Bill Nielsen, P. Geo, Vice President Exploration
Mr. Nielsen is an accredited geologist with over 35 years of worldwide mineral exploration and development experience. Most recently, he has been
working as a senior industry consultant to mining exploration companies working with a variety of commodities in various countries and geological
environments. From 2003 to 2008, Mr. Nielsen was the V.P. Exploration of Nevsun Resources Ltd., where he played a significant role in the discovery of
the Bisha gold-VMS deposit in Eritrea. He has worked for companies within the Forbes & Manhattan Group since early 2010.
Colinda Parent, Vice President Corporate Development
Ms.Parent has extensive capital markets experience having spent over 15 years in institutional equity sales and 5 years in investment banking in Toronto.
Previously, Ms. Parent was one of the founders of Sandfire Securities, a Toronto-based institutional equity boutique focused on raising funds for and
trading stocks in small and mid-cap Canadian-listed resource companies. She also served on the Board and Executive Committee at Sandfire. Ms. Parent
is a CFA charter holder and has an MBA from the Ivey School of Business.
Operations Team : Ian Holland, General Manager, Stawell Gold Mine
Troy Cole, General Manager, Fosterville Gold Mine
Peter Crooks, General Manager, Northern Territory
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17. Board Of Directors
TSX:CRK OTCQX: CROCF
On February 29, 2012 a new Board of Directors was constituted and Chantal Lavoie was appointed as Chairman.
George Faught, CA, Lead Director
Mr. Faught is a Chartered Accountant with over 25 years of senior management experience and is currently the Chief Executive Officer of Aberdeen
International Inc. He has served as the Chief Financial Officer of publicly traded companies in the natural resources, financial services and
pharmaceutical industries. Mr. Faught has broad financial management, corporate development and operating experience and from 1999 to 2005
served as the Chief Financial Officer for North American Palladium Ltd., a mid-tier platinum group metal producer. Prior to that, he served as Chief
Financial Officer for Hudson Bay Mining & Smelting Co. Ltd., an integrated base metals producer, and William Resources Inc., an international gold
producer. He also serves as a director of several public companies in the resource sector.
Robert Getz, MBA, Director
Mr. Getz is a managing director and a co-founder of Cornerstone Equity Investors, LLC. Mr. Getz has strong experience in public and private debt and
equity financings and domestic and international mergers and acquisitions. Mr. Getz has served as a director of several public and private metals and
mining companies. He completed a B.A., cum laude, International Relations at Boston University in May 1985, and obtained his MBA, Finance in
February 1990 from The Stern School of Business at New York University.
Kevin Conboy, Director
Mr. Conboy was President and Chief Executive Officer of Acordia, Inc., a subsidiary of Wells Fargo based in Chicago. As well, he served as Chief Executive
Officer for the NIA Group of Paramus, New Jersey. Mr. Conboy possesses a wealth of experience in the financial markets and has considerable exposure
to financial instruments and business transactions. He sits on a number of corporate and charitable boards. Mr. Conboy completed a B.A. from Colorado
State University in 1973.
Peter Tagliamonte, P. Eng., Director
Mr. Tagliamonte is a professional mining engineer and also holds an MBA from the Richard Ivey School of Business, at the University of Western Ontario.
He is currently the President and CEO of Sulliden Gold, the former President and CEO of Central Sun Mining Inc. and former Chief Operating Officer of
Desert Sun Mining Corp. where he was responsible for the development of the Jacobina Mine in Brazil into a 4,200-tonne-per-day mining operation. Mr.
Tagliamonte has over 25 years of progressive managerial experience building and operating mines worldwide, notably in Central and South America. In
2005, he received the Mining Journal's "Mine Manager of the Year" award in recognition for his work in the mining sector.
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18. Investor Contact Information
TSX:CRK OTCQX: CROCF
Crocodile Gold Corporation
Chantal Lavoie Investor Relations
Chairman, President and CEO Rob Hopkins
416-861-2964 416-861-5899
clavoie@crocgold.com info@crocgold.com
TSX: CRK www.crocgold.com
OTCQX: CROCF Find us on:
FRANKFURT: XGC
A Member of the Forbes & Manhattan Group of Companies
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