Annual exploration report EL 23583 Pine Creek Project, 16 March 2011 to 15 July 2012

Abstract

There was no exploration conducted on EL 23583 during the reporting period. Exploration activities were focused around the Pine Creek mining centre with resource drilling and environmental sampling conducted on MLN 13 and MLN 1130, a review of the Enterprise and International resource models was also completed. The Pine Creek mining centre has become an important focus for Crocodile Gold. An application to mine the International deposit on MLN 1130 is awaiting approval. Further resource drilling and resource model updates are planned for the 2011/2012 reporting year. A review of the entire Pine Creek project area will also be conducted which will include a review of historic exploration and mining data over EL 23583. The review of EL 23583 may lead to mapping and geochemical soil sampling if necessary.