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Crocodile Gold Reports 2014 AGM Results and Files Technical Report for the Big Hill Project

TORONTO, ONTARIO -- (Marketwired) -- 06/06/14 -- Crocodile Gold Corp. (TSX: CRK) (TSX: CRK.DB) (TSX: CRK.WT) (OTCQX: CROCF) (FRANKFURT: XGC) ("Crocodile Gold" or the "Company) is reporting selected results of the 2014 Annual and Special Meeting of Shareholders (the "Meeting") in accordance with the policies of the Toronto Stock Exchange.

The following nominees, as set out in the 2014 Management Information Circular, have been elected as directors of the Company at the Meeting held June 5, 2014. Specific results are:

                    Votes For  % Votes For  Votes Withheld  % Votes Withheld
Kevin Conboy      152,162,349       99.86%         208,858             0.14%
George Faught     152,194,349       99.86%         208,858             0.14%
Robert Getz       152,169,349       99.87%         201,858             0.13%
Rodney Lamond     152,052,624       99.80%         308,583              0.2%
Peter Tagliamonte 152,182,174       99.88%         189,033             0.12%

A total of 166,483,997 common shares were voted in connection with the Meeting, representing approximately 35% of the issued and outstanding common shares of the Company. The results of other matters considered at the Meeting are reported in the Report of Voting Results as filed by the Company on SEDAR (www.sedar.com).

Filing of NI 43-101 Compliant Feasibility Study for the Big Hill Enhanced Development Project

The Company has also filed the related NI 43-101 technical report supporting the Feasibility Study completed on the Big Hill Enhanced Development Project, announced in the press release dated June 4, 2014. The report titled Technical Report - Big Hill Enhanced Development Project At Stawell Gold Mine dated June 2014 and prepared by Dean Basile, B.Eng. in Mining Engineering, GDipAppF&I, MAusIMM CP(Min), RPEQ, Manager Mining for Mining One consultants of Melbourne, Victoria and Stuart Hutchin BSc, Applied Geology, MAIG, MAusIMM, Geology Manager for Mining One consultants of Melbourne, Victoria, Australia can be found at SEDAR and the Company's website at www.crocgold.com.

Qualified Person

F. W. Nielsen, P.Geo, Technical Consultant to 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 press release.

About Crocodile Gold

Crocodile Gold is a Canadian gold mining and exploration company with three operating mines in Australia in the State of Victoria and the Northern Territory. The Company has a combined land package in excess of 4,000 sq. km. The objective of Crocodile Gold is to continue production from its three operating mines, Cosmo, Fosterville, and Stawell, while also exploring and developing the Company's resources to ensure sustainable production in the future. For additional information, please visit our website www.crocgold.com.

Follow us on Twitter @crocgold_crk or Facebook facebook.com/CrocodileGoldCorp.

Cautionary Note

Certain information set forth in this press release contains "forward-looking statements", and "forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company's expectations for future performance based on current drill results and past production, expected gold prices, and mineral resource and mineral reserve estimates, and are based on Crocodile Gold's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Crocodile Gold's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: liabilities inherent in mine development and production; geological, mining and processing technical problems; Crocodile Gold's inability to obtain required mine licences, mine permits and regulatory approvals required in connection with mining and mineral processing operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in commodity prices and exchange rates; currency and interest rate fluctuations; various events that could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions; the demand for and availability of rail, port and other transportation services; the ability to secure adequate financing and management's ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Crocodile Gold undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

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