Annual Report EL 25054 Maud Creek Project for period ending 17 April 2012

Abstract

Exploration activities for the reporting period included a desktop and data review into the new company document review database plus field work including some basic site recon and 8 RC holes for 400m in greenfield targets to the south of the main deposit. Results from the drilling were not encouraging with no significant intersection noted in any of the holes. Crocodile Gold also conducted a detailed VTEM Geophysical survey over the Maud Creek Project. A total of 584 line kilometres were flown with 356 of these assigned to EL 25054. This survey was flown between July and August 2011. Currently Southern Geoscience, a geophysical consultancy group based in Perth, are reviewing and reporting on this data captured. A detailed report of the survey will be delivered which will include the generation of several anomalies that will require on ground follow up such as mapping and sampling. If suitable some may require drilling to test at depth. No drilling is planned currently but if target has significant potential drilling could be mobilised to site quickly.