TORONTO, ONTARIO--(Marketwired - June 2, 2015) - Crocodile Gold Corp. ("Crocodile Gold" or the "Company") (TSX:CRK)(TSX:CRK.DB)(TSX:CRK.WT)(OTCQX:CROCF)(FRANKFURT:XGC) is pleased to announce that today it obtained an interim order from the Ontario Superior Court of Justice (Commercial List) (the "Interim Order") with respect to Crocodile Gold's previously-announced amalgamation with Newmarket Gold Inc. ("Newmarket") (TSX VENTURE:NGN) to be completed by way of a plan of arrangement (the "Arrangement").

The Interim Order, among other things, authorizes Crocodile Gold to call and hold a special meeting of shareholders of Crocodile Gold (the "Meeting") to consider the Arrangement. In accordance with the Interim Order, the Meeting will be held on July 6, 2015 at the offices of Bennett Jones LLP, Suite 3400 One First Canadian Place, Toronto, Ontario at 10:00 a.m. (Toronto time).

Crocodile Gold and Newmarket have prepared a joint information circular ("Joint Circular") with respect to the Arrangement that will be mailed to shareholders of Crocodile Gold and shareholders of Newmarket of record as of June 1, 2015.

The Joint Circular includes the unanimous recommendations of the Crocodile Gold board of directors and Newmarket board of directors that Crocodile Gold Shareholders and Newmarket Shareholders, respectively, vote for the Arrangement. The Joint Circular will be available on SEDAR under Crocodile Gold's issuer profile and Newmarket's issuer profile at www.sedar.com.

The hearing date for the application for the Final Order of the Court is scheduled for July 8, 2015. The Arrangement is anticipated to become effective on or about July 10, 2015, subject to obtaining the required approvals from the shareholders of Crocodile Gold at the Meeting, and the final order from the Ontario Superior Court of Justice (Commercial List) and the satisfaction or waiver of all other closing conditions.

About Crocodile Gold

Crocodile Gold is a Canadian-listed gold mining and exploration company with three operating mines in Australia. The objective of Crocodile Gold is to continue to focus on the safe and profitable operating performance from its three operating mines, Fosterville and Stawell Gold Mines in the state of Victoria and Cosmo Gold Mine in the Northern Territory. The Company's primary goal of sustainable operating performance is achieved through building confidence in its mine plans, continuing with prudent cost management controls, and targeted exploration and resource development. Sustainable operating performance from current assets is a critical step in supporting the future growth toward the Five-Year Strategy of Crocodile Gold.

For additional information, please visit our website www.crocgold.com or follow us on Twitter @crocgold_crk or on Facebook at CrocodileGoldCorp.

About Newmarket Gold Inc.

Newmarket is a Canadian gold company focused on creating shareholder value through the acquisition of quality gold production opportunities and outstanding development stage assets in mining friendly, politically stable jurisdictions world-wide. Newmarket was founded by an experienced group of dealmakers, mine developers, financiers and capital markets professionals and is focused on a disciplined approach to asset acquisition and growth.

Forward-Looking Information

This press release contains forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities legislation. There is the transactional risk that the Arrangement may not close due to one or more conditions in the arrangement agreement dated May 11, 2015 between Crocodile Gold and Newmarket (the "Arrangement Agreement") not being satisfied or the Arrangement Agreement otherwise being terminated. A copy of the Arrangement Agreement is available on www.sedar.com.

Crocodile Gold Corp.
Laura Lepore
Director, Investor Relations
416-847-1847
llepore@crocgold.com
www.crocgold.com