Crocodile Gold Reports Substantial High-Grade Drill Results Inclusive of Visible Gold at Fosterville Gold Mine

TORONTO, ONTARIO -- (Marketwired - Feb 2, 2015) - Crocodile Gold Corp. (TSX:CRK) (OTCQX:CROCF) (FRANKFURT:XGC) ("Crocodile Gold" or the "Company") today announced the results for 138 drill holes, totaling 31,550 metres ("m") completed during the course of a US$5.6 million exploration drill program at Fosterville Gold Mine ("Fosterville"). The drill program completed continued to focus on the Phoenix and Lower Phoenix targets. The results announced today include 14 holes reporting high-grade gold intercepts.


Key Highlights

• High-grade drill intercepts for newly identified East Dipping Faults and Kestrel Structures which respectively include 55.57⁽¹⁾ g/t Au over 8.5m (ETW 4.62m) and 12.06 g/t Au over 2.70m (ETW 2.06m). These structures occur below the Phoenix and Lower Phoenix Faults, and in the case of the East Dipping Faults, visible gold occurs in addition to the more common disseminated sulphide gold mineralization. The drilling program also confirmed continuous mineralization along the newly identified structures.


• High-grade Lower Phoenix Footwall Fault intercepts identify significant gold mineralization over an 80m vertical extent with the most northern intercept approximately 240m along-strike (down-plunge) from current mineral reserves.


• Lower Phoenix Footwall structure intercepts include 123.10⁽¹⁾ g/t Au over 9.45m (ETW 3.99m), 51.34⁽¹⁾ g/t Au over 6.80m (ETW 6.0m), and 294.23⁽¹⁾ g/t Au over 1.85m (ETW 1.26m). High-grade intercepts have strong potential to extend mineral resources and reserves southwards down-plunge.

1. Visible gold present in drill intercept ETW - Estimated true width

The new holes drilled establish the continuation of gold mineralization down-plunge and identified multiple mineralized faults below the Phoenix and Lower Phoenix Faults. Drill results for three mineralized faults, namely the Lower Phoenix Footwall, East Dipping Faults and Kestrel Structures, all demonstrate the potential to extend mineral resources down-plunge.

Rodney Lamond, President and Chief Executive Officer, Crocodile Gold, commented: "We are extremely pleased to report high-grade drill results at Fosterville which confirm the continuity of a strongly mineralized system down-plunge of current mineral reserves. We are encouraged by the presence of visible gold in 17 drill intercepts with some intercepts exhibiting significantly higher-gold grades than typical intercepts. Furthermore, the presence of visible gold, which appears to represent a second gold event occurring within sulphide-gold mineralized structures, could dramatically increase gold grades.

"The two new mineralized structures identified at Fosterville have similar trends and are close to the Phoenix and Lower Phoenix mineralized faults. Additionally, the confirmation of continuous mineralization, along the newly discovered East Dipping Faults and Kestrel Structures, is extremely important as these results have the potential to provide multiple ore sources accessible from the already developed Phoenix decline. With the successful results from our 2014 drill program at Fosterville, we look forward to providing further updates to our mineral resources and reserves by the end of the first quarter of 2015."


Key Intercepts and Results Reported Include:

• New East Dipping Fault intercepts with 55.57 g/t Au over 8.5m (ETW 4.62m) in hole UDH1113⁽¹⁾, 42.09 g/t Au over 4.75m (ETW 2.49m) in hole UDH1029⁽¹⁾, 32.26 g/t Au over 3.10m (ETW 2.86m) in hole UDH0799⁽¹⁾ and 22.10 g/t Au over 2.0m (ETW 1.86m) in hole UDH1045. These drill intercepts are considered important because they confirm high-grade gold mineralization on east dipping structures.


• New Kestrel Structure intercepts with 12.06 g/t Au over 2.70m (ETW 2.06m) in hole UDH0841, 8.21 g/t Au over 4.50m (ETW 3.96m) in hole UDH0919A and 7.18 g/t Au over 3.95m (ETW 3.75m) in hole UDH0832, are considered important because they identify a high-grade mineralized region on the Kestrel Structure.


• Lower Phoenix Fault intercepts with 10.70 g/t Au over 16.05m (ETW 14.00m) in hole UDH0936⁽¹⁾ and 3.95 g/t Au over 10.40m (ETW 8.50m) in hole UDH0931, demonstrate significant mineralization down-plunge from mineral reserves. Importantly, intercept 9.67 g/t Au over 5.10m (ETW 3.43m) in hole UDH0820 confirms high-grade mineralization only 90m from current reserves that are already vertically accessed.


• Lower Phoenix Footwall Fault intercepts with 294.23 g/t Au over 1.85m (ETW 1.26m) in hole UDH1103⁽¹⁾, 123.10 g/t Au over 9.45m (ETW 3.99m) in hole UDH0928⁽¹⁾, 68.84 g/t Au over 2.85m (ETW 0.7m) in hole UDH0933⁽¹⁾, 51.34 g/t Au over 6.80m (ETW 6.0m) in hole UDH0935⁽¹⁾.


• Visible gold occurs in quartz-stibnite veins in eight of the above-mentioned holes. This visible gold is in addition to the Fosterville-style disseminated sulphide hosted gold mineralization intersected in these holes. These intercepts and nine others containing visible gold are annotated in Table 1 and highlighted in Figures 4 and 5.

Phoenix and Lower Phoenix Drill Program

The Company has continued drilling for down-plunge extensions of the Phoenix Fault and both down and up-plunge extensions of the Lower Phoenix Fault to assess the growth potential for Measured and Indicated Mineral Resources (see Figures 1 and 2). Progressive geological modeling has also supported the extension of drill holes below the Lower Phoenix Fault to test other mineralized structures (Lower Phoenix Footwall Fault, East Dipping Fault and Kestrel Structures) (see Figure 3). In addition, drilling has focused on providing increased definition and confidence in the near term mine targets within and close to Indicated mineral resources.

The drill results reported in Table 1 are those outside of current Measured and Indicated Mineral Resources and will be included Fosterville's end of 2014 resource model update. See Table 2 for a list of drill collars.

Moving forward, ongoing operations of three underground diamond drill rigs at Fosterville Gold Mine continue to focus drilling the Phoenix, Lower Phoenix and Lower Phoenix Footwall, East Dipping and Kestrel targets.


Lower Phoenix and Lower Phoenix Footwall Targets

Testing for extensions to the Lower Phoenix resources continues with drilling between Mine Grid northings 6400mN and 7700mN covering a total strike length of 1,300m. Drill results provide evidence that significant gold mineralization is continuous over this range. Present drill coverage is approximately 490m south down-plunge and 100m north up-plunge from the existing Lower Phoenix mineral reserves (See Figures 2 and 4).<

It is anticipated that the strong drill results returned from Lower Phoenix and Lower Phoenix Footwall structures, including high-grade intercepts for ten holes; UDH0872, UDH0928, UDH0931, UDH0933, UDH0935 to UDH0937, UDH1009, UDH1110 and UDH1103 will continue to underpin Indicated mineral resource growth below 4,300mRL for mineral reserve evaluation.


East Dipping Faults and Kestrel Footwall Targets

The drill program also confirmed continuous mineralization along the newly identified East Dipping Faults and Kestrel Structure for which drill intercepts are shown in Figure 5. Progressive drilling of these structures will be undertaken in 2015 to better understand their extents, geometries and metallurgical characteristics. The drilling is planned to occur in conjunction with the Phoenix and Lower Phoenix Footwall exploration programs.

A schematic geological cross section (Figure 3) illustrates the structural positions of the East Dipping and Kestrel target areas with respect to the Phoenix, Lower Phoenix and Lower Phoenix Footwall Faults and associated gold mineralization.


Phoenix Target

The drilling completed to test for down-plunge extensions of the Phoenix Fault included two drill holes on section 6400mN approximately 60m beyond the southern extent of known mineral resources and 425m south of the Central mineral reserves. These drill results confirmed the continuation of mineralization for this structure with drill intercepts 3.19 g/t Au over 3.05m (ETW 3.05m) in hole UDE111 and 4.7g/t Au over 1.2m (ETW 1.2m) in hole UDE112. These intercepts will be included into the end 2014 mineral resource updates (See figure 3).

For additional information please refer to Fosterville's Mineral Resources and Mineral Reserves under the technical report NI 43-101 filed May 27, 2014 on SEDAR.


About Fosterville Gold Mine

Fosterville Gold Mine commenced commercial production of gold from sulphide ore in April 2005. As of December 31, 2014 Fosterville has produced 877,586 ounces of gold. The ore is largely refractory and gold is recovered through a state-of-the-art BIOX® processing plant that produces approximately 100,000 to 105,000 ounces annually. The mill is capable of processing approximately 830,000 tonnes of ore annually.


Qualified Persons

M. Edwards, MAusIMM(CP), General Manager Exploration and Business Development of Crocodile Gold, Troy Fuller, MAIG, Geology Manager of Fosterville Gold Mine and Simon Hitchman, FAusIMM, Exploration Manager Crocodile Gold Corp. are "qualified persons" as such term is defined in National Instrument 43-101 and have reviewed and approved the technical information and data included in this press release.


QAQC

Crocodile Gold has in place quality-control systems to ensure best practice in drilling, sampling and analysis of drill core. All diamond drill hole collars (Table 2) are accurately surveyed using a Leica Total Stations instrument and down hole deviations are measured by electronic multi-shot cameras.

All reported drill intercepts are from NQ2 sized diamond drill core that was cut longitudinally in half with a diamond saw. One-half of the drill core was sent for assay and the other half retained for reference. Drill core sample intervals, determined using logged sulphide controls, vary between 0.3 and 1.2m in length.

Assay results are based on 25-gram charge fire assays. Mean grades are calculated using a variable lower grade cut-off (generally 2 g/t Au) and maximum 2 metre internal dilution. No upper gold grade cut has been applied to the data. However, during future resource work the requirement for assay top cutting will be assessed. Drill intercepts containing visible gold are annotated in Table 1.

Drill samples were assayed at On Site Laboratories, an independent laboratory in Bendigo, Victoria. The facility is registered ISO9001:2008 (CERT-C33510).


About Crocodile Gold

>Crocodile Gold is a Canadian 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. Our primary goal of sustainable operating performance is achieved through building confidence in our mine plans, continuing with prudent cost management controls and targeted exploration and resource development. Sustainable operating performance from our current assets is a critical step in supporting the future growth toward the 5 year Strategy of Crocodile Gold.

For additional information, please visit our website www.crocgold.com

Follow us on Twitter @crocgold_crk or Facebook facebook.com/CrocodileGoldCorp.


Cautionary Note

Certain information set forth in this press release contains "forward-looking statements", and "forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company's expectations for future performance based on current drill results and past production, expected gold prices, and mineral resource estimates, and are based on Crocodile Gold's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Crocodile Gold's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: liabilities inherent in mine development and production; geological, mining and processing technical problems; Crocodile Gold's inability to obtain required mine licences, mine permits and regulatory approvals required in connection with mining and mineral processing operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in commodity prices and exchange rates; currency and interest rate fluctuations; various events that could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions; the demand for and availability of rail, port and other transportation services; the ability to secure adequate financing and management's ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Crocodile Gold undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

To view Figures 1, 2, 3, 4 and 5 please click on the following link: http://media3.marketwire.com/docs/989772%20Figures%201-5%20Final.pdf

To view Tables 1 and 2 please click on the following link:
http://media3.marketwire.com/docs/989772%20Tables%201%20and%202%20Rich.pdf

Table 1: Drill Assay Intercepts for Phoenix, Lower Phoenix and other Structures (Intercepts reported are outside of the reported December 2013 Indicated Mineral Resources)
Hole ID		From (m)	To (m)	Downhole Interval (m)	Estimated True Width (m)	Gold Grade (g/t Au)		Geological Structure
East Dipping Fault
UDH0581		125.9	132.2	6.3	3.74	14.66		East Dipping
UDH0653		202.2	203.5	1.3	1.24	3		East Dipping
UDH0677		110.75	112.85	2.1	1.99	3.77		East Dipping
UDH0775		28.35	29	0.65	0.4	3.63		East Dipping
UDH0777		0	1.3	1.3	0.7	6.41		East Dipping
UDH0798		170.75	171.55	0.8	0.74	1.82		East Dipping
UDH0799(1)		161.45	164.55	3.1	2.86	32.26		East Dipping
UDH0799		213.1	214.1	1	0.98	7.59		East Dipping
UDH0802		157.6	157.95	0.35	0.29	8.87		East Dipping
UDH0802		238.9	239.35	0.45	0.39	15		East Dipping
UDH0804		181.1	183.3	2.2	1.14	9.09		East Dipping
UDH0819		181.3	182.3	1	0.63	3.8		East Dipping
UDH0820		174.1	176.8	2.7	1.97	8.9		East Dipping
UDH0821		207.8	209	1.2	0.71	4.71		East Dipping
UDH0823		155.8	156.4	0.6	0.51	3.79		East Dipping
UDH0823		247.3	247.8	0.5	0.5	2.09		East Dipping
UDH0824		237	238.75	1.75	1.67	5.46		East Dipping
UDH0832		115.45	117.5	2.05	2.03	2.2		East Dipping
UDH0833		117.1	117.6	0.5	0.5	2.63		East Dipping
UDH0835		170.25	172.25	2	1.96	7.62		East Dipping
UDH0839		173.45	173.8	0.35	0.31	3.41		East Dipping
UDH0839		208.4	210.3	1.9	1.7	9.13		East Dipping
UDH0840		104.5	108.1	3.6	2.23	2.43		East Dipping
UDH0841		72.5	73.15	0.65	0.5	6.04		East Dipping
UDH0842		105.1	105.75	0.65	0.52	2.13		East Dipping
UDH0843		198.95	202.3	3.35	3.21	3.39		East Dipping
UDH0845		193.4	194.55	1.15	1.14	9.5		East Dipping
UDH0846		196.7	199.7	3	2.82	8.51		East Dipping
UDH0848A		190	193.35	3.35	0.74	5.91		East Dipping
UDH0857		149.45	150.45	1	0.29	4.03		East Dipping
UDH0858		160.6	163	2.4	0.81	9.55		East Dipping
UDH0861		130.6	134.4	3.8	1.59	5.36		East Dipping
UDH0862		165.4	166	0.6	0.36	5.08		East Dipping
UDH0886(1)		166.6	169.5	2.9	1.11	20.33		East Dipping
UDH0905		8.35	16	7.65	4.35	4.57		East Dipping
UDH0909		93.1	98.6	5.5	1.62	3.47		East Dipping
UDH0910		90.95	92.4	1.45	1.34	7.72		East Dipping
UDH0921		51.75	57.1	5.35	4.8	2.77		East Dipping
UDH0943		95.1	97.05	1.95	1.7	11.19		East Dipping
UDH0944		205.45	209.7	4.25	2.18	7.81		East Dipping
UDH0976		192	198.65	6.65	5.86	3.86		East Dipping
UDH0998		160.6	162.15	1.55	0.97	14.61		East Dipper
UDH0999		129.5	131.45	1.95	0.78	2.05		East Dipping
UDH1005		97.15	99.85	2.7	2.65	8.13		East Dipping
UDH1009		99.8	101.75	1.95	1.85	6.58		East Dipping
UDH1010		103.9	105.3	1.4	1.32	6.26		East Dipping
UDH1029(1)		78.9	83.65	4.75	2.49	42.09		East Dipping
	Including(1)	82.05	83.65	1.6	0.84	112.7		East Dipping
UDH1030		63.9	65.25	1.35	1.24	6.29		East Dipping
UDH1031		63.65	64.8	1.15	0.93	6.97		East Dipping
UDH1032		88.05	89.2	1.15	0.82	18.38		East Dipping
UDH1033		124.4	124.85	0.45	0.41	9.68		East Dipping
UDH1035		98.95	99.4	0.45	0.44	5.86		East Dipping
UDH1036		92	92.4	0.4	0.4	5.62		East Dipping
UDH1038		32.1	34.05	1.95	1.83	8.89		East Dipping
UDH1040		127.2	133.7	6.5	6.2	3.81		East Dipping
UDH1041		116	118.7	2.7	2.08	0.44		East Dipping
UDH1042		No Significant Intersection						East Dipping
UDH1043		0.6	8.85	8.25	3.54	2.26		East Dipper
UDH1045		88.2	90.2	2	1.86	22.1		East Dipping
UDH1055		No Significant Intersection						East Dipping
UDH1056		No Significant Intersection						East Dipping
UDH1065		No Significant Intersection						East Dipping
UDH1080		89.8	93.75	3.95	3.54	13.79		East Dipping
UDH1081		93.55	95.8	2.25	2.02	13.55		East Dipping
UDH1082		94.3	94.6	0.3	0.28	5.34		East Dipping
UDH1085		2.9	8.75	5.85	3.58	3.92		East Dipping
UDH1085		140	144.9	4.9	3.22	7.85		East Dipping
UDH1085		148.55	153	4.45	2.18	3.21		East Dipping
UDH1086		0	5	5	1	3.07		East Dipping
UDH1087		0	6.6	6.6	4.19	3.64		East Dipping
UDH1087		140.25	142.7	2.45	1.39	5.22		East Dipping
UDH1087		173.4	174.7	1.3	0.87	3.26		East Dipping
UDH1100(1)		320.85	327.6	6.75	3.75	25.93		East Dipping
	Including(1)	322.05	322.85	0.8	0.45	137.1		East Dipping
UDH1104(1)		340.8	343.55	2.75	0.8	35.17		East Dipping
	Including(1)	342.65	342.95	0.3	0.09	132.6		East Dipping
	And(1)	343.25	343.55	0.3	0.09	140.1		East Dipping
UDH1113(1)		297.85	306.35	8.5	4.62	55.57		East Dipping
UDH1123		86.8	87.45	0.65	0.65	6.94		East Dipping
Kestrel Structures
UDH0652		106	108.6	2.6	2.49	2.68		Kestrel
UDH0653		107.45	107.9	0.45	0.43	3.82		Kestrel
UDH0677		15.1	19.05	3.95	3.88	4.75		Kestrel
UDH0741		210.1	210.7	0.6	0.37	1.79		Kestrel
UDH0792		98.7	103.2	4.5	4.13	4.57		Kestrel
UDH0793		109.4	110.35	0.95	0.68	2.43		Kestrel
UDH0794		117.5	119.15	1.65	1.34	4.32		Kestrel
UDH0795		130.7	133.5	2.8	2.06	4.44		Kestrel
	And	174.6	175.75	1.15	0.84	4.05		Kestrel
UDH0798		99.65	102	2.35	1.9	6.47		Kestrel
UDH0799		93.45	95	1.55	1.5	3.09		Kestrel
UDH0802		92	92.6	0.6	0.6	1.25		Kestrel
UDH0823		93.55	94.45	0.9	0.89	2.57		Kestrel
UDH0824		92.45	92.9	0.45	0.44	4.59		Kestrel
UDH0831		15.85	19.5	3.65	3.6	3.12		Kestrel
UDH0832		15.6	19.55	3.95	3.75	7.18		Kestrel
UDH0833		16.8	18.7	1.9	1.36	3.74		Kestrel
UDH0835		95.9	101.85	5.95	1.67	4.36		Kestrel
UDH0836		99	99.7	0.7	0.64	2.14		Kestrel
	And	147.1	151	3.9	3.52	2.86		Kestrel
UDH0837		No Significant Intersection						Kestrel
UDH0839		96.55	97.4	0.85	0.64	1.18		Kestrel
UDH0840		66.3	67.6	1.3	1.22	2.06		Kestrel
	And	76.1	77.3	1.2	1.14	2.23		Kestrel
UDH0841		106.7	109.4	2.7	2.06	12.06		Kestrel
UDH0842		65.95	70.5	4.55	4.49	4.85		Kestrel
	And	78.55	81.85	3.3	3.1	4.23		Kestrel
UDH0843		105.2	106.2	1	0.99	1.81		Kestrel
UDH0845		104.5	107.85	3.35	3.21	3.59		Kestrel
UDH0846		110.45	111.55	1.1	1.06	1.9		Kestrel
UDH0889		212.4	214.8	2.4	2.06	3.5		Kestrel
UDH0919A		172.5	177	4.5	3.96	8.21		Kestrel
UDH0922		46	46.9	0.9	0.65	3.04		Kestrel
UDH0974		94.25	95.75	1.5	1.46	2.93		Kestrel
UDH0975		90.55	93.15	2.6	2.55	2.9		Kestrel
UDH0976		95	99.1	4.1	3.91	3.46		Kestrel
UDH0977		99.25	99.95	0.7	0.67	2.99		Kestrel
UDH1025		83.1	83.55	0.45	0.45	2.14		Kestrel
UDH1026		No Significant Intersection						Kestrel
UDH1027		82.45	86.3	3.85	3.69	2.44		Kestrel
UDH1028		85	87.3	2.3	2.18	2.2		Kestrel
UDH1039		No Significant Intersection						Kestrel
UDH1042		No Significant Intersection						Kestrel
UDH1043		18.4	19	0.6	0.41	2.33		Kestrel
UDH1043		53.65	55.05	1.4	1.05	1.12		Kestrel
UDH1064		No Significant Intersection						Kestrel
UDH1065		No Significant Intersection						Kestrel
UDH1082		85.1	85.5	0.4	0.29	9.47		Kestrel
UDH1083		78.95	79.85	0.9	0.78	9.7		Kestrel
UDH1085		14.55	19.25	4.7	2.59	3.43		Kestrel
UDH1085		52.5	53.65	1.15	0.88	2.64		Kestrel
UDH1086		12.8	13.75	0.95	0.84	4.64		Kestrel
UDH1086		42.4	43.5	1.1	0.97	7.02		Kestrel
UDH1087		16.5	20.2	3.7	2.5	4.66		Kestrel
UDH1087		58.55	60.5	1.95	1.33	1.84		Kestrel
UDH1087		97	101.35	4.35	3.02	3.36		Kestrel
UDH1123		95.75	107.7	11.95	5.2	4.7		Kestrel
Lower Phoenix Fault
SPD613		1072.5	1074.6	2.1	2.1	4.37		Lower Phoenix
SPD613A		1047.15	1048.6	1.45	1.45	2.32		Lower Phoenix
SPD613C		1094.5	1097	2.5	2.5	4.33		Lower Phoenix
	And	1118.8	1124.05	5.25	5.25	4.77		Lower Phoenix
UDH0747		215.65	218.8	3.15	2.41	3.96		Lower Phoenix
UDH0756		216.1	220.25	4.15	2.64	7.12		Lower Phoenix
UDH0792		212.55	214	1.45	0.67	3.22		Lower Phoenix
UDH0793		182.7	191.7	9	5.1	3.93		Lower Phoenix
UDH0794		244	247.1	3.1	1.82	2.36		Lower Phoenix
UDH0795		225.3	225.6	0.3	0.12	5.49		Lower Phoenix
UDH0820		165.7	170.8	5.1	3.43	9.67		Lower Phoenix
UDH0821		198.3	202.4	4.1	2.26	6.83		Lower Phoenix
UDH0867		No Significant Intersection						Lower Phoenix
UDH0903		163.15	165.6	2.45	1.75	5.38		Lower Phoenix
UDH0904		179	181	2	1.21	3.08		Lower Phoenix
UDH0928		253.7	255	1.3	0.98	5.29		Lower Phoenix
UDH0929		No Significant Intersection						Lower Phoenix
UDH0931		237.8	248.2	10.4	8.5	3.95		Lower Phoenix
UDH0933		261.25	263.8	2.55	1.75	1.6		Lower Phoenix
UDH0935		247.55	248.85	1.3	1.16	4.22		Lower Phoenix
UDH0936(1)		258.35	274.4	16.05	14	10.7		Lower Phoenix
UDH0937		236.85	237.85	1	0.97	4.42		Lower Phoenix
UDH0938		270.9	273.15	2.25	1.52	5.29		Lower Phoenix
UDH0976		216.7	219.4	2.7	1.79	5.91		Lower Phoenix
UDH0996(1)		202	207.25	5.25	2.63	11.81		Lower Phoenix
	Including(1)	203	203.3	0.3	0.15	64.3		Lower Phoenix
	And	204	204.9	0.9	0.45	23.7		Lower Phoenix
UDH0997(1)		178.85	185.45	6.6	3.31	11.11		Lower Phoenix
UDH0997		218	219.95	1.95	1.77	2.86		Lower Phoenix
UDH1014		252.7	253.45	0.75	0.72	8.15		Lower Phoenix
UDH1052		0	0	0	0	0		Lower Phoenix
UDH1095		204.4	205.9	1.5	1.23	3.28		Lower Phoenix
UDH1096		220.7	222.1	1.4	0.64	4.4		Lower Phoenix
UDH1097A		No Significant Intersection						Lower Phoenix
UDH1098		235.7	237.1	1.4	1.14	3.32		Lower Phoenix
UDH1099		238.5	241.2	2.7	2.22	4.76		Lower Phoenix
UDH1104		253.7	254.4	0.7	0.61	4.26		Lower Phoenix
UDH1113(1)		247.2	248.15	0.95	0.68	18.8		Lower Phoenix
Lower Phoenix Footwall Fault
UDH0747		222.2	223	0.8	0.71	3.22		Lower Phoenix FW
UDH0793		170.95	179.8	8.85	1.5	4.45		Lower Phoenix FW
UDH0802		240.2	243.65	3.45	3.11	7.9		Lower Phoenix FW
UDH0823		254.25	257.7	3.45	2.75	3.47		Lower Phoenix FW
UDH0850		179.15	195	15.85	1.58	3.74		Lower Phoenix FW
UDH0860		158.7	163.6	4.9	0.36	5.39		Lower Phoenix FW
UDH0872		198.95	204.2	5.25	5.05	7.67		Lower Phoenix FW
UDH0874		214.1	215.5	1.4	0.58	5.07		Lower Phoenix FW
UDH0876A		No Significant Intersection						Lower Phoenix FW
UDH0877		No Significant Intersection						Lower Phoenix FW
UDH0881		179.15	179.85	0.7	0.5	1.14		Lower Phoenix FW
UDH0883		188.3	188.6	0.3	0.3	0.47		Lower Phoenix FW
UDH0887		196.85	199.75	2.9	4	4.71		Lower Phoenix FW
UDH0893		257.7	259	1.3	1.27	3.35		Lower Phoenix FW
UDH0904		176.45	177.4	0.95	0.31	2.83		Lower Phoenix FW
UDH0928		271.35	273.05	1.7	1.48	2.66		Lower Phoenix FW
UDH0928(1)		303.3	312.75	9.45	3.99	123.1		Lower Phoenix FW
	Including(1)	308.8	309.65	0.75	0.32	1,258.9		Lower Phoenix FW
UDH0929		No Significant Intersection						Lower Phoenix FW
UDH0933(1)		323.55	326.4	2.85	0.7	68.84		Lower Phoenix FW
UDH0935(1)		262.45	269.25	6.8	6	51.34		Lower Phoenix FW
	Including(1)	263.75	264.05	0.3	0.26	916.8		Lower Phoenix FW
UDH0935		275	284.9	9.9	3.08	8.09		Lower Phoenix FW
UDH0937(1)		262.65	274.4	11.75	11.5	8.59		Lower Phoenix FW
UDH1002		No Significant Intersection						Lower Phoenix FW
UDH1007		117.4	119.65	2.25	2.11	10.58		Lower Phoenix FW
UDH1009		121.95	127.8	5.85	5.48	11.22		Lower Phoenix FW
UDH1025		220	221.2	1.2	1.19	3.34		Lower Phoenix FW
UDH1026		218.85	220.85	2	1.99	0.57		Lower Phoenix FW
UDH1028		223.45	225	1.55	1.52	2.64		Lower Phoenix FW
UDH1033		139.85	140.85	1	0.86	2.67		Lower Phoenix FW
UDH1048		No Significant Intersection						Lower Phoenix FW
UDH1049		No Significant Intersection						Lower Phoenix FW
UDH1085(1)		154.35	159.05	4.7	4.4	12.42		Lower Phoenix FW
	Including(1)	157	157.3	0.3	0.28	117.6		Lower Phoenix FW
UDH1099		258.05	259.9	1.85	1.43	6.68		Lower Phoenix FW
UDH1100		273.4	275.2	1.8	1.26	0.97		Lower Phoenix FW
UDH1103(1)		312.55	314.4	1.85	1.26	294.23		Lower Phoenix FW
	Including(1)	313.45	314.05	0.6	0.41	396.6		Lower Phoenix FW
	And(1)	314.05	314.4	0.35	0.24	117.6		Lower Phoenix FW
UDH1104		274.65	276.15	1.5	1.16	3.45		Lower Phoenix FW
UDH1110		304.9	307.1	2.2	1.48	0.02		Lower Phoenix FW
UDH1110(1)		361.6	364.9	3.3	2.36	24.15		Lower Phoenix FW
	Including(1)	361.9	362.75	0.85	0.61	49.4		Lower Phoenix FW
UDH1113		289.45	297.15	7.7	1.88	13.45		Lower Phoenix FW
Phoenix Fault
UDE111		507.3	510.35	3.05	3.05	3.19		Phoenix
UDE112		502.9	504.1	1.2	1.2	4.7		Phoenix
UDH0890A		276.35	280.75	4.4	3.05	5.26		Phoenix
UDH1014		233.5	234.65	1.15	1.1	4.01		Phoenix
UDH1068		275.5	276	0.5	0.41	4.96		Phoenix
UDH1069		280.1	281	0.9	0.66	12.2		Phoenix
UDH1083		84.7	86.8	2.1	1.28	3.51		Phoenix
UDH1101		290.75	291.7	0.95	0.7	5.25		Phoenix
UDH1105A		310.4	310.8	0.4	0.3	2.03		Phoenix
Notes:
(1) Visible gold observed in drill intercept
Drill intercepts greater than 30 Gram-Metres are in bold text

Table 2: Exploration Drill Hole Collar Locations for Phoenix, Lower Phoenix and other Structures (Drilling Programs later than and outside of Indicated Mineral Resources reported December 2013, Fosterville Mine Grid)
Hole ID	Northing	Easting	Elevation	Collar Azimuth	Collar Plunge	Depth (m)
SPD613	6,420.7	1,222.2	5,170.1	90	-82	1,181.7
SPD613A	6,420.7	1,222.2	5,170.1	90	-65	1,091.4
SPD613C	6,420.7	1,222.2	5,170.1	90	-86	1,208.7
UDE111	6,395.1	1,563.1	4,798.0	90	-79	637.1
UDE112	6,395.1	1,563.2	4,798.0	84	-72	611.3
UDH0581	7,023.3	1,525.6	4,445.9	103	-49	173.6
UDH0652	7,475.5	1,791.8	4,474.1	286	-18	200.8
UDH0653	7,475.5	1,791.9	4,473.9	286	-27	243.1
UDH0677	7,372.0	1,717.1	4,416.1	278	-30	175.7
UDH0741	6,905.2	1,478.3	4,448.8	95	-27	242.4
UDH0747	6,861.3	1,456.4	4,449.4	97	-69	284.8
UDH0756	6,905.0	1,477.1	4,448.0	97	-81	339.9
UDH0775	7,386.2	1,640.8	4,465.0	279	2	51.0
UDH0777	7,429.6	1,636.3	4,466.4	288	13	47.3
UDH0792	7,525.2	1,783.4	4,474.8	297	-23	230.7
UDH0793	7,525.5	1,783.4	4,474.9	303	-13	203.3
UDH0794	7,525.4	1,783.4	4,474.8	311	-20	263.8
UDH0795	7,525.7	1,783.3	4,475.0	315	-11	236.8
UDH0798	6,999.2	1,754.2	4,423.5	280	-24	216.0
UDH0799	7,000.8	1,754.3	4,423.3	275	-31	251.3
UDH0802	7,000.4	1,754.3	4,422.8	268	-39	296.7
UDH0804	7,172.1	1,512.9	4,444.2	143	-52	194.5
UDH0819	7,526.2	1,783.6	4,476.4	316	16	236.8
UDH0820	7,526.0	1,783.4	4,475.5	307	2	221.7
UDH0821	7,525.6	1,784.4	4,475.5	318	1	218.9
UDH0823	7,000.1	1,754.4	4,422.7	261	-42	365.7
UDH0824	7,000.6	1,754.3	4,423.1	271	-43	317.8
UDH0831	7,371.1	1,717.7	4,416.2	259	-36	233.6
UDH0832	7,371.6	1,717.3	4,416.2	268	-33	190.8
UDH0833	7,371.5	1,717.4	4,416.1	268	-36	202.9
UDH0835	7,001.4	1,754.5	4,423.3	275	-25	206.9
UDH0836	7,525.2	1,783.4	4,475.1	295	-15	209.5
UDH0837	7,524.9	1,783.5	4,474.9	287	-21	206.8
UDH0839	7,000.6	1,754.3	4,422.6	289	-28	246.0
UDH0840	7,122.6	1,723.3	4,441.2	279	-23	158.8
UDH0841	7,124.5	1,723.4	4,440.2	320	-33	148.7
UDH0842	7,122.0	1,723.2	4,441.2	265	-23	150.0
UDH0843	7,477.9	1,792.1	4,474.0	265	-33	255.0
UDH0845	7,477.7	1,792.0	4,474.0	261	-27	221.9
UDH0846	7,477.2	1,791.8	4,473.9	251	-27	233.6
UDH0848A	7,023.5	1,524.9	4,445.9	96	-75	203.9
UDH0850	7,023.0	1,524.6	4,445.9	133	-77	222.0
UDH0857	7,171.3	1,513.1	4,444.3	133	-50	176.7
UDH0858	7,171.8	1,513.1	4,444.2	124	-56	170.7
UDH0860	7,172.7	1,513.7	4,444.3	56	-70	179.9
UDH0861	7,023.7	1,525.8	4,445.9	87	-49	290.6
UDH0862	7,024.9	1,524.5	4,445.9	34	-64	182.8
UDH0867	6,624.2	1,453.9	4,457.8	73	-63	278.8
UDH0872	6,861.6	1,456.3	4,449.3	80	-64	239.8
UDH0874	6,861.2	1,456.2	4,449.4	95	-64	233.8
UDH0876A	6,860.7	1,456.5	4,449.3	106	-56	275.8
UDH0877	6,860.8	1,456.2	4,449.4	110	-61	254.8
UDH0881	6,905.9	1,477.8	4,448.1	77	-55	201.8
UDH0883	6,905.7	1,477.5	4,448.1	78	-63	206.7
UDH0886	6,905.3	1,477.9	4,448.3	91	-49	203.8
UDH0887	6,905.2	1,477.5	4,448.1	93	-65	215.8
UDH0889	6,791.9	1,458.4	4,451.6	80	-20	275.8
UDH0890A	6,788.4	1,465.1	4,451.9	93	-10	290.6
UDH0893	6,791.0	1,457.5	4,450.8	98	-59	281.8
UDH0903	7,521.7	1,784.4	4,475.4	298	-1	179.6
UDH0904	7,521.7	1,784.2	4,475.1	297	-10	194.5
UDH0905	7,463.3	1,620.5	4,402.8	318	-67	32.5
UDH0909	7,267.7	1,694.1	4,370.2	294	-10	134.8
UDH0910	7,267.7	1,694.1	4,369.9	294	-18	152.8
UDH0919A	6,942.6	1,802.0	4,415.2	235	-16	212.9
UDH0921	7,267.1	1,694.2	4,371.7	280	21	89.7
UDH0922	7,266.2	1,693.7	4,371.8	262	20	83.2
UDH0928	6,620.0	1,453.8	4,457.8	98	-73	326.9
UDH0929	6,619.1	1,453.4	4,457.8	128	-70	356.8
UDH0931	6,619.4	1,453.8	4,457.8	112	-64	331.3
UDH0933	6,619.5	1,453.6	4,457.9	111	-75	364.7
UDH0935	6,630.4	1,452.6	4,457.7	70	-72	311.8
UDH0936	6,630.1	1,452.6	4,457.7	78	-79	366.0
UDH0937	6,630.5	1,452.7	4,457.7	67	-65	293.9
UDH0938	6,631.2	1,452.1	4,457.5	40	-74	332.9
UDH0943	7,268.1	1,694.2	4,370.3	301	-8	137.7
UDH0944	7,522.6	1,784.1	4,475.6	314	2	220.9
UDH0974	7,520.6	1,784.5	4,474.7	264	-28	212.9
UDH0975	7,520.7	1,784.3	4,474.6	280	-27	224.9
UDH0976	7,520.8	1,784.3	4,474.5	271	-32	245.7
UDH0977	7,519.9	1,784.5	4,474.6	258	-31	242.8
UDH0996	7,020.3	1,528.1	4,446.0	178	-78	240.0
UDH0997	7,021.5	1,529.0	4,445.9	83	-88	234.0
UDH0998	7,022.2	1,529.0	4,445.9	50	-70	176.9
UDH0999	7,026.6	1,526.7	4,445.9	25	-40	175.3
UDH1002	7,025.3	1,524.0	4,445.9	22	-59	173.7
UDH1005	7,063.2	1,667.0	4,338.2	258	-13	131.6
UDH1007	7,064.4	1,667.4	4,338.2	287	-18	146.8
UDH1009	7,063.1	1,667.2	4,338.1	265	-32	131.9
UDH1010	7,063.2	1,667.4	4,337.6	253	-39	146.8
UDH1014	6,690.7	1,473.3	4,456.0	93	-28	270.0
UDH1025	7,142.9	1,774.5	4,358.4	274	-17	251.8
UDH1026	7,142.7	1,774.4	4,358.4	270	-16	248.0
UDH1027	7,142.8	1,774.3	4,358.1	272	-23	254.7
UDH1028	7,143.1	1,774.7	4,358.3	279	-22	281.9
UDH1029	7,062.3	1,666.8	4,339.4	241	13	101.7
UDH1030	7,063.6	1,666.6	4,339.6	270	18	95.6
UDH1031	7,064.1	1,666.8	4,339.5	283	18	99.0
UDH1032	7,065.2	1,667.0	4,340.2	306	28	107.9
UDH1033	7,062.7	1,667.4	4,337.7	244	-31	153.0
UDH1035	7,063.1	1,666.9	4,338.5	255	-5	122.7
UDH1036	7,064.4	1,666.9	4,338.7	282	-1	117.0
UDH1038	7,276.7	1,635.4	4,366.3	288	-16	71.7
UDH1039	7,026.9	1,720.3	4,333.7	240	-3	185.0
UDH1040	7,027.4	1,720.3	4,333.8	250	0	168.0
UDH1041	7,027.4	1,720.2	4,334.2	253	9	149.7
UDH1042	7,026.8	1,720.2	4,334.1	238	7	155.6
UDH1043	7,025.8	1,723.8	4,334.2	233	6	179.5
UDH1045	7,267.9	1,694.1	4,370.1	283	-16	138.0
UDH1048	7,266.8	1,694.1	4,369.6	252	-29	206.8
UDH1049	7,267.6	1,694.1	4,369.7	274	-28	176.8
UDH1052	7,266.7	1,696.2	4,369.6	275	-35	224.8
UDH1055	7,312.0	1,634.5	4,399.9	113	-80	37.6
UDH1056	7,312.0	1,635.0	4,399.9	145	-49	35.5
UDH1064	7,055.6	1,741.6	4,444.8	271	-34	119.6
UDH1065	7,087.2	1,730.8	4,443.4	269	-22	153.1
UDH1068	6,787.8	1,464.9	4,452.2	90	-8	290.6
UDH1069	6,787.5	1,464.7	4,452.2	95	-10	305.7
UDH1080	7,266.4	1,696.3	4,370.3	288	-14	132.8
UDH1081	7,266.7	1,696.3	4,370.3	297	-14	140.0
UDH1082	6,981.6	1,744.3	4,423.9	247	-24	134.5
UDH1083	6,982.2	1,744.5	4,424.1	264	-20	119.8
UDH1085	7,002.8	1,721.6	4,334.6	233	0	191.6
UDH1086	7,003.4	1,721.6	4,334.2	242	-10	188.6
UDH1087	7,002.0	1,721.5	4,334.0	222	-13	194.5
UDH1095	7,021.5	1,528.9	4,446.0	31	-83	234.0
UDH1096	7,020.0	1,527.5	4,446.0	183	-74	281.7
UDH1097A	6,787.7	1,464.0	4,450.9	91	-78	275.7
UDH1098	6,858.2	1,462.6	4,449.4	111	-78	272.9
UDH1099	6,572.1	1,475.3	4,459.3	64	-71	290.9
UDH1100	6,571.9	1,475.3	4,459.3	66	-75	335.9
UDH1101	6,571.3	1,475.9	4,460.5	90	-20	314.9
UDH1103	6,530.4	1,468.1	4,459.8	36	-76	326.8
UDH1104	6,530.1	1,468.5	4,459.8	59	-72	358.3
UDH1105A	6,529.7	1,469.7	4,461.1	88	-20	324.1
UDH1110	6,529.9	1,468.3	4,460.0	66	-81	381.0
UDH1113	6,572.3	1,475.2	4,459.2	55	-73	356.9
UDH1123	6,879.7	1,747.8	4,383.6	286	-64	153.0

Note: Collar azimuth is relative to Fosterville Mine Grid North

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