Crocodile Gold (CRK.TSX) announced that Kevin Conboy and Robert Getz, each being a nominee of Luxor Capital Group, LP have joined the board of directors of the Company, replacing Bruce Humphrey and Michael Hoffman. The board of directors is now comprised of Chantal Lavoie as Chairman, George Faught as independent lead director, Peter Tagliamonte, Kevin Conboy and Robert Getz.

Highlights:

* Mr. Getz is a managing director and a co-founder of Cornerstone Equity Investors, LLC

* He has strong experience in public and private debt and equity financings and domestic and international mergers and acquisitions.

* Mr. Conboy was President and Chief Executive Officer of Acordia, Inc., a subsidiary of Wells Fargo based in Chicago, and served as Chief Executive Officer for the NIA Group of Paramus, New Jersey

* He possesses a wealth of experience in the financial markets and has considerable exposure to financial instruments and business transactions

Chantal Lavoie, President & CEO of Crocodile Gold:

“2012 promises to be a very exciting year for the Company on numerous fronts. Cosmo development is ramping up as planned, gold production for the first month of 2012 is in line with guidance for the year, our exploration activities in the Union Reefs area continue to show great promise and our strategic initiatives continue to progress very well.”

David Keough, Crocodile Gold’s Chief Operating Officer:

“The ore processed at the Company’s Union Reefs Mill was 20% above the tonnes processed in January 2011, which reflects measures taken to minimize processing downtime associated with the wet season as well as a lower than normal start to the Monsoons which occur yearly from November to May.”