Annual Report MLN's 13, 1130, MCN's 317, 523, 1054, 1055, MA 416, GR188-12 Year Ending 15 March 2013

Abstract

During the reporting period Crocodile Gold has completed a significant amount of work on the Pine Creek group of tenements. This includes the drilling of 5 diamond holes for 468.29m, the geotechnical review of the International deposit and the metallurgical assessment of the same deposit. There were several significant intercepts recorded from this drilling. These intercepts show the number of mineralised lodes located in the deposit. These results highlighted the importance of re-interpreting the mineralisation for a model up-date. This occurred in the latter parts of 2012 with the results of this work sent to Cube consulting for estimation of a new mineral resource for International. However the final resource numbers for the deposit are not available at time of writing, this is due to the requirement under the National Instrument 43-101 which requires economic assessments be made on all Mineral Resources. While the estimation is complete the economic assessment is still underway. Crocodile Gold plans to continue the review and reporting process in the coming reporting period. The Pine Creek mining centre is seen as an important project to the company, therefore a significant amount of work will be require to continue the development of these deposits.