2013 Financial Highlights

Crocodile Gold generated over $300M in revenue in 2013 with production of 210,696 ounces of gold from its three operating mines, a 35% increase in production over 2012.

Operating cash costs(1) have decreased to $1,027 per ounce in 2013, down from $1,167 per ounce in 2012, as a result of sustainable ounce production at Cosmo, productivity gains at Fosterville and cost reductions across all operations.

The Company generated $67.5M in cash flow from operations in 2013 despite a challenging gold price environment, an increase of $8.6M over 2012 due to strong production and lower operating cash costs.

The Company finished the year in a strong financial position with a cash balance of $27.6M and working capital of $15.3M. The Company also raised an additional C$18.0M in cash through a private placement that closed in February 2014.

In March 2014, the Company settled its remaining outstanding credit facility with Credit Suisse, to further strengthen the Company's financial position.

Commenting on these results, Rodney D. Lamond, President and CEO of Crocodile Gold, said: "2013 has been a very strong year for the Company and this is demonstrated in our positive year-end financial results. We have focused on sustainable mine plans that generate positive cash flows, which has positively affected our production levels at the Fosterville and Cosmo Gold Mines and enabled the Stawell Gold Mine to extend its production plan into 2014. The Company will continue to focus on sustainability and making value driven investments as we continue to move through the current gold market. I continue to be impressed with the commitment and dedication of the team and look forward to a strong 2014."