TORONTO, ONTARIO--(Marketwire - Nov. 18, 2010) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Crocodile Gold Corp. (TSX:CRK) ("Crocodile Gold" or the "Company") is pleased to announce that it has obtained a receipt on November 18, 2010 in connection with the filing of a final prospectus (the "Prospectus") in all provinces of Canada (except Quebec). The prospectus qualifies for distribution of up to 23,000,000 common shares (assuming exercise in full of the over-allotment option) (the "Common Shares") of the Company.

The Company also announces that the Prospectus contains certain additional and revised information to supplement certain sections of the Company's management information circular dated April 9, 2010 (the "Circular"). Specifically, the Prospectus includes the following additional disclosure relating to:

--  further clarification of the compensation discussion and analysis

    regarding the compensation of executive officers which was omitted from

    the Circular; 

--  a Summary Compensation Table and other compensation disclosure relating

    to the compensation of Mr. Bharti as a Named Executive Officer which

    disclosure was not included in the Circular; 

--  further clarification with respect to the use of benchmarking and

    performance goals in determining executive officer compensation and

    bonus payments; 

--  a discussion of the trend shown in the performance graph indicating the

    Company's performance in relation to executive compensation which

    disclosure was omitted from the Circular; 

The Company has also filed the following material contracts on SEDAR which were not previously filed:

i.  the Asset Sale Agreement among Crocodile Gold Inc., GBS Gold (in

    liquidation) and each of its subsidiaries, Andrew Saker, Darren Weaver,

    Martin Jones, Crocodile Gold Australia Pty Ltd, and Forbes and

    Manhattan, Inc. dated June 19, 2009, which provides for the purchase by

    Crocodile Gold Inc. of properties in the Northern Territory, Australia;

    and 

    

ii. the Services Agreement between Forbes and Manhattan, Inc. and the

    Company dated July 1, 2009.