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Crocodile Gold agrees to acquire AuRico Gold’s Fosterville and Stawell Mines for US$105 million

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AuRico Gold Inc.

On March 27, 2012 Crocodile Gold Corp. ("Crocodile Gold") (TSX:CRK) and AuRico Gold Inc. ("AuRico Gold") (TSX:AUQ)(NYSE:AUQ) announced that they have entered into a definitive agreement pursuant to which Crocodile Gold will acquire the Stawell and Fosterville mines located in Victoria State, Australia through the acquisition of all of the shares of Northgate Australian Ventures Corporation Pty Ltd from AuRico, for total consideration of up to C$105 million. Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia. AuRico Gold is a leading Canadian gold producer with a diversified portfolio of high quality mines and projects in North America. For AuRico Gold, the transaction generates significant cash proceeds at closing and furthers AuRico's strategy of focusing on its portfolio of large, low-cost, long-life gold assets in North America. AuRico Gold was advised in this matter by a team of Fasken Martineau lawyers that included Greg Ho Yuen, Bruce Blain and Susan Newell.


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