TORONTO, ONTARIO--(Marketwire - Jan. 6, 2012) - Centaurus Capital LP ("Centaurus") announces that on January 4, 2012, through funds it manages, it acquired control of 3,625,750 common shares of Crocodile Gold Corp. ("Crocodile") representing approximately 1.17% of the issued and outstanding common shares of Crocodile. The total number of common shares of Crocodile controlled by Centaurus, through funds it manages, together with all persons and companies acting jointly or in concert with Centaurus, is now 15,783,250, representing approximately 5.09% of the issued and outstanding common shares of Crocodile. Centaurus acquired all of its common shares of Crocodile since the announcement on December 13, 2011 by Luxor Capital of its intention to directly or indirectly initiate an offer to acquire up to 215,386,435 common shares of Crocodile. Centaurus has acquired 3,625,750 common shares of Crocodile since the formal commencement of the take-over bid on December 23, 2011.

Centaurus acquired the common shares in the open market through the facilities of the Toronto Stock Exchange. Centaurus acquired the common shares for investment purposes only. Centaurus may, depending on market and other conditions, acquire or sell further common shares from time to time for such investment purposes.

Centaurus is a private investment management company with an emphasis on Europe. We manage assets by selectively investing capital on the basis of a rigorous bottom-up fundamental approach. As part of our flexible multi-strategy approach, we make investments in equity and credit securities of companies that are undergoing significant corporate events or are experiencing other major changes.