Crocodile Gold (CRK.TSX) announced additional high grade intersections from drill holes completed at its Union Reefs Project beneath both the Prospect and Crosscourse deposits.  Union Reefs is located in the Northern Territory of Australia and is part of Crocodile Gold’s 3,300 square kilometer land package.

The Company is presently drilling at the Prospect Deposit to vertical depths of up to 400 meters (m) along a 500m strike length in order to confirm the continuity of the mineralization. Crocodile Gold noted that this program has seen considerable success and that it expects a significant increase in resources once an infill drill program is completed.

Highlights:

* 5.43 grams per tonne (g/t) of gold over 2.45m in hole URNDD03b below the Crosscourse Deposit

* 15.09 g/t over 1.8m in hole URNDD03b below the Crosscourse Deposit

* 7.70 g/t over 3.1m in hole URNDD30W1 below the Prospect Deposit

* 4.83 g/t over 3.1m in hole URNDD30 below the Prospect Deposit

Chantal Lavoie, President and CEO:

“The belief of management that the past producing Union Reefs area has the potential to be one of the Company’s future cash flow centers has been bolstered by these drill results. We believe that Crocodile Gold has significant near term organic growth prospects that suggest that the value of the Company is only beginning to be unlocked.”