Offer To Purchase Details

On December 13, 2011 Luxor Capital Management issued a press release announcing their intention to launch a bid to acquire up to 85% of the issued and outstanding shares of Crocodile Gold Corp. The offer was initiated on December 23, 2011 by Arament LLC, an affiliate of investment funds managed by Luxor. The offer is currently for the purchase of up to 215,386,435 common shares at a per share price of $0.62 and is set to expire on February 7, 2012.

Press releases issued by Luxor Capital

Luxor Capital Press Release "Luxor Capital Announces Premium Offer to Purchase Common Shares of Crocodile Gold" (Issued December 13, 2011)

Luxor Capital Press Release "Luxor Commences Offer to Acquire Common Shares of Crocodile Gold for $0.56 per Share in Cash" (Issued December 23, 2011)

Luxor Capital Announces Expiry of Offer and Takes-Up Deposited Common Shares

Luxor Capital Group Issues Open Letter to Shareholders of Crocodile Gold

 In response to the offer, Crocodile Gold has issued these Press Releases:

Crocodile Gold Responds to Luxor Press Release (Issued December 14, 2011)

Crocodile Gold Appoints Special Committee of the Board and Financial Advisors in Relation to the Luxor Bid (Issued December 14, 2011)

Crocodile Gold Adopts Shareholder Rights Plan (Issued December 19, 2011)

Crocodile Gold Announces Update To Shareholder Rights Plan (Issued December 21. 2011)

Crocodile Gold Receives Unsolicited Bid By Luxor; Advises Shareholders to Wait for Board Response Circular Before Acting (Issued December 27, 2011)

Crocodile Gold Board Advises Shareholders to TAKE NO ACTION at This Time as Discussions With Luxor to Improve the Current Offer Are Ongoing and Alternatives Continue to Be Explored (Issued January 9, 2012)

Luxor Capital and Crocodile Gold Reach an Agreement on Increased Offer Value at a Price of $0.62 Per Common Share (Issued January 23, 2012)

Luxor Capital and Crocodile Gold Mail Materials to Shareholders (Issued January 26, 2012)

 Related Documents:

Early Warning Report (Filed December 13, 2011)

Shareholder Rights Plan (Filed December 19, 2011)

Crocodile Gold Director's Circular (Filed January 9, 2011)

Crocodile Gold Director's Circular with Recommendation (Filed January 26, 2012)

 If you have questions about the Luxor Offer, contact Luxor's Information Line (provided by Laurel Hill Advisory Group):

In North America, call Toll Free at 1-877-452-7184.
Banks, Brokers or Collect Calls outside North America, can call +1-416-304-0211
Email inquiries can be sent to assistance@laurelhill,com