GoldMinerPulse Report: Crocodile Gold Corp. Metal Value

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Crocodile Gold Corp. (CRK) NI 43-101 Metal Value Report

Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia and a land package of over 2,700 square kilometres. CAUTION: This report may not reflect the additional resources and reserves detailed in Crocodile Gold Adds 310,000 Gold Ounces to Mineral Reserves and 776,000 Gold Ounces to Mineral Resources at Its Northern Territory Properties a April 26, 2011 press release. This report will be updated once ore grade and ore quantity details are disclosed.

The Crocodile Gold Corp. website is at www.crocgold.com.

Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts | Canadian Insider Trading

More Information Links:

Crocodile Gold Corp Valuation Blog (updated daily).

GoldMinerPulse Report Proven + Probable Percentage Exception:

The Burnside and Tom's Gully projects have Probable Mineral Reserves totally 545,000 ounces. Since these Probably ounces have are inclusive of the Indicated Mineral Resources reported below, the Probable reserves are not shown separately since all GoldMinerPulse reports only show Measured + Indicated Resources that are exclusive of Proven + Probable Reserves.

GoldMinerPulse Metrics Summary

This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2012-03-31.

The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.

**Crocodile Gold Corp. Metric Summary**
General Metric	Value on 2013-05-24
In Situ Metal Value per Share (MVpSh)	US$22.13
Average Ore Value per Tonne	US$96.96
Metal Value Leverage (MVL)	-no stock price-
Market Capitalization as a Percentage of Metal Value	- price unavailable
Recent Closing Stock Price	C$ [note 1]
Fully Diluted Share Count	468.28 M [note 2]
Percentage In Situ Proven + Probable Reserve	9%
Percentage In Situ Measured + Indicated Resource	50%
Percentage In Situ Inferred Resource	41%

**Gold Specific Metrics**
Metric	Value on 2013-05-24
Gold Reserves + Resources	7.34 M oz
Average Gold Ore Grade	2.1 g/t
Market Capitalization per oz of Gold In Situ	US$0.00 ( C$0.00 )
Gold Equivalent Ounces Estimate	7.49 M oz
Market Capitalization per oz of Gold Equivalent	US$0.00 ( C$0.00 )

Note 1: Conversion rate used: 1 Cnd$ = 0.968962 US$
Note 2:

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE)

All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.

**Metal Summary Based on Closing Prices on 2013-05-24**
Metric / Metal	Gold	Silver	Lead	Zinc	Uranium
Total Counts (reserves + resources)	7.34 M oz	3.09 M oz	31.26 K t		0.76 K t
Metal Prices in US$ (from 2013-05-24)	$1,384.20 / oz	$22.36 / oz	$0.93810 / lb	$0.82510 / lb	$40.50 / lb
Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count	$21.70	$0.15	$0.14	$0.00	$0.14
Percentage of Total Metal Value	98.06%	0.67%	0.62%	0.00%	0.65%
Metal Value Percentage Proven + Probable	10%	0%	0%	0%	0%
Metal Value Percentage Measured + Indicated	51%	0%	0%	0%	0%
Metal Value Percentage Inferred	39%	100%	100%	0%	100%

The above metal value totals derive from the following projects.

**Project/Deposit/Mine Summary Based on Closing Prices on 2013-05-24**
Project	Location	Metal Value per share (% total)	Average Ore Value US$/t	Gold	Silver	Lead	Uranium	PP%	MI%	I%
Burnside	Northern Territory, Australia	$7.74 ( 35.0% )	US$107.35	2.47 M oz	3.09 M oz	31.26 K t	0.76 K t	0	44%	56%
Fosterville	Victoria, Australia	$5.13 ( 23.2% )	US$136.59	1.74 M oz				27%	38%	34%
Maud Creek	Northern Territory, Australia	$2.98 ( 13.5% )	US$134.74	1.01 M oz				0	92%	8%
Mt. Bundy	Northern Territory, Australia	$2.86 ( 12.9% )	US$43.79	966.87 K oz				0	69%	31%
Stawell	Victoria, Australia	$1.86 ( 8.4% )	US$139.76	628.13 K oz				37%	44%	19%
Pine Creek	Northern Territory, Australia	$0.90 ( 4.1% )	US$96.22	304.96 K oz				0	10%	90%
Union Reefs	Northern Territory, Australia	$0.66 ( 3.0% )	US$77.55	222.93 K oz				0	8%	92%

PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors

Burnside

Latest NI43-101 Report: RESOURCE UPDATE HOWLEY PROJECT
2010-03-12 (89 pages).

Updates: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Project Location: Northern Territory, Australia. View the Howley project on a Google Map.

Average Ore Value (all estimate types): US$107.35

Measured

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.00	0.89 K oz	1.200 g/t	23.00 K t

Estimate notes: Princess Louise: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.05	16.47 K oz	1.300 g/t	394.00 K t

Estimate notes: Pricess Louise

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.72	243.45 K oz	1.200 g/t	6.31 M t

Estimate notes: Howley

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.04	14.08 K oz	1.100 g/t	398.00 K t

Estimate notes: Mottrams

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$2.32	783.84 K oz	4.600 g/t	5.30 M t

Estimate notes: Cosmo

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.02	5.30 K oz	1.600 g/t	103.00 K t

Estimate notes: North Point

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.17	56.67 K oz	1.400 g/t	1.26 M t

Estimate notes: Rising Tide

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.05	17.65 K oz	1.900 g/t	289.00 K t

Estimate notes: Fountain Head

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.05	17.62 K oz	2.000 g/t	274.00 K t

Estimate notes: Tally Ho

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.18	61.49 K oz	1.400 g/t	1.37 M t

Estimate notes: Howley

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.11	36.77 K oz	1.200 g/t	953.00 K t

Estimate notes: Mottrams

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.99	672.59 K oz	3.700 g/t	5.65 M t

Estimate notes: Cosmo

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.02	7.51 K oz	1.600 g/t	146.00 K t

Estimate notes: North Point

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.00	0.07 K oz	1.000 g/t	2.20 K t

Estimate notes: North Point

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.07	25.07 K oz	1.400 g/t	557.00 K t

Estimate notes: Rising Tide

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.02	6.37 K oz	2.000 g/t	99.00 K t

Estimate notes: Fountain Head

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.05	17.96 K oz	4.900 g/t	114.00 K t

Estimate notes: Tally Ho

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.08	26.36 K oz	2.000 g/t	410.00 K t

Estimate notes: Kazi

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.35	119.64 K oz	1.100 g/t	3.38 M t

Estimate notes: Western Arm

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.20	69.29 K oz	1.200 g/t	1.80 M t

Estimate notes: Bridge Creek

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.18	59.53 K oz	2.300 g/t	805.00 K t

Estimate notes: Bon's Rush

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.63	214.37 K oz	2.100 g/t	3.18 M t

Estimate notes: Iron Blow

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$0.15	3.09 M oz	101.000 g/t	3.18 M t
Lead	$0.14	31.26 K t	32,823.000 g/t	3.18 M t
Uranium	$0.14	0.76 K t	796.000 g/t	3.18 M t

Estimate notes: Iron Blow
Resource quantities adjusted for ownership percentage of 30.0%.

Probable

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity

Estimate notes:

Probable

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity

Estimate notes:
North Point

Probable

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity

Estimate notes: Princess Louise
Princess Louise

Fosterville

Project Location: Victoria, Australia.

Average Ore Value (all estimate types): US$136.59

Proven + Probable

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.40	475.18 K oz	4.760 g/t	3.11 M t

Measured + Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.96	664.20 K oz	2.280 g/t	9.06 M t

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.76	596.29 K oz	3.420 g/t	5.42 M t

Maud Creek

Updates: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Project Location: Northern Territory, Australia. View Maud Creek project on a Google Map.

Average Ore Value (all estimate types): US$134.74

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$2.74	925.71 K oz	3.100 g/t	9.29 M t

Estimate notes: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.24	82.72 K oz	2.400 g/t	1.07 M t

Estimate notes: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.
1.0 g/t cut off grade.

Mt. Bundy

Latest NI43-101 Report: Overview of the Geology, Mineral Resources & Mineral Reserves & Exploration Potential of the Northern Territory Gold Properties (Burnside Gold & Base Metals Project; Tom's Gully Gold Project)
2009-07-12 (355 pages).

Updates: Crocodile Gold Announces Significant Resource Increase At Mt. Bundy Project, December 2, 2010.

Project Location: Northern Territory, Australia. View Toms Gully project on a Google Map.

Average Ore Value (all estimate types): US$43.79

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.27	91.85 K oz	8.900 g/t	321.00 K t

Estimate notes: Mt Bundy: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.70	576.40 K oz	0.900 g/t	19.92 M t

Estimate notes:

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.88	298.62 K oz	0.900 g/t	10.32 M t

Estimate notes: Rustler's Roost

Pine Creek

Updates: Cox: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Project Location: Northern Territory, Australia. View the Pine Creek project on a Google Map.

Average Ore Value (all estimate types): US$96.22

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.09	30.96 K oz	1.800 g/t	535.00 K t

Estimate notes: Gandy's: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.09	30.96 K oz	1.800 g/t	535.00 K t

Estimate notes: Grandy's

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.08	27.20 K oz	1.800 g/t	470.00 K t

Estimate notes: Kohinoor

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.10	32.15 K oz	2.000 g/t	500.00 K t

Estimate notes: South Enterprise

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.01	3.33 K oz	1.400 g/t	74.00 K t

Estimate notes: Cox

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.04	14.18 K oz	1.500 g/t	294.00 K t

Estimate notes: South Czarina

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.26	88.69 K oz	2.600 g/t	1.06 M t

Estimate notes: Enterprise

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.13	44.94 K oz	2.900 g/t	482.00 K t

Estimate notes: Gandy's

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.08	28.00 K oz	2.600 g/t	335.00 K t

Estimate notes: Kohinoor

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.01	4.55 K oz	1.400 g/t	101.00 K t

Estimate notes: Kohinoor

Probable

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity

Estimate notes: Kohinoor: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Probable

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity

Estimate notes: Cox

Probable

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity

Estimate notes: International

Probable

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity

Estimate notes: Sth Gandys

Probable

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity

Estimate notes: South Enterprise

Stawell

Project Location: Victoria, Australia.

Average Ore Value (all estimate types): US$139.76

Proven + Probable

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.69	233.75 K oz	3.550 g/t	2.05 M t

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.82	276.23 K oz	2.510 g/t	3.42 M t

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.35	118.15 K oz	4.900 g/t	750.00 K t

Union Reefs

Updates: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Project Location: Northern Territory, Australia. View the Union Reefs project on a Google Map.

Average Ore Value (all estimate types): US$77.55

Indicated

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.05	18.44 K oz	2.400 g/t	239.00 K t

Estimate notes: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.07	25.32 K oz	2.500 g/t	315.00 K t

Estimate notes: Prospect Claim: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.02	6.69 K oz	0.800 g/t	260.00 K t

Estimate notes: Low-Grade Stockpiles: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.21	71.70 K oz	2.100 g/t	1.06 M t

Estimate notes: Esmeralda: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.01	4.15 K oz	1.900 g/t	68.00 K t

Estimate notes: Lady Alice: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.09	30.27 K oz	1.800 g/t	523.00 K t

Estimate notes: Millars, Big Tree, PingQue: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.02	5.21 K oz	1.200 g/t	135.00 K t

Estimate notes: Orinoco: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.08	26.96 K oz	1.500 g/t	559.00 K t

Estimate notes: Union North: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.

Inferred

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.10	34.19 K oz	1.300 g/t	818.00 K t

Estimate notes: Union South / Temple: Crocodile Gold Mineral Resource Statement - 31 December 2010, web page (viewed March 2012) and the AIF filed March, 2012.