CryptoLogic Clinches New Licensing Deal with BetClic Everest Group Subsidiary

CryptoLogic Limited (TSX:CRY)(TSX:CXY)(NASDAQ:CRYP), an Amaya Gaming Group company and a leading developer of online betting games, announces that it has expanded its relationship with BetClic Everest Group, one of the world leaders in online gaming, by signing an additional multi-year deal with its Everest Gaming Ltd. ("Everest") subsidiary.

Under the terms of the new agreement Everest will launch a minimum of eight of CryptoLogic's award winning casino slot games. The first game went live in May and the remaining titles will be launched during this year. These eight new games will be available on all Everest brands, including the flagship brands EverestCasino.com, ImperialCasino.com and Casinoelegance.com.

Ian Price, Vice President Operations at CryptoLogic, said: "This expanded agreement strengthens our existing relationship with BetClic Everest Group, and will enable millions of their players to enjoy an even broader variety of CryptoLogic games. BetClic Everest Group have been a successful licensee with CryptoLogic since December 2009 and their desire to gain access to a wider range of CryptoLogic's thrilling games once again illustrates the quality of our content."

Etienne Leroy, Director of Casino at Everest, commented: "At Everest, we pride ourselves on the variety of games we have on offer to our customers, and we are therefore delighted to release the additional CryptoLogic games on all our seven Casino brands. By delivering value and entertainment for our online customers, it is no surprise these games have proven popular on our sites thus far, and we are pleased to be building on our relationship with CryptoLogic for the future."

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a leading developer and supplier of Internet gaming software. With more than 300 games, CryptoLogic has one of the most comprehensive casino suites on the Internet, with award-winning games featuring some of the world's most famous action and entertainment characters. The Company's licensees include many top Internet gaming brands. CryptoLogic's leadership in regulatory compliance makes it one of the few companies with gaming software certified to strict standards similar to land-based gaming. The CryptoLogic Group licenses gaming software and services to blue-chip customers that offer their games to non-US based players around the world.

CryptoLogic's common shares trade on the Toronto Stock Exchange (CRY, CXY) and the NASDAQ Global Select Market (CRYP). The Company was acquired by Amaya Gaming Group Inc. of Canada in March 2012.

About Amaya Gaming Group

Founded in 2004, Amaya Gaming Group Inc. is a technology based gaming provider for the regulated gaming industry. An expansive global organization, present in North America, Latin America, Europe, Africa and Asia, Amaya is an innovator in the gaming world.

Headquartered in Montreal, Canada, Amaya provides a host of services and solutions that range from: online and mobile gaming casino games and platforms, traditional and mobile lotteries, networked electronic gaming systems, hospitality in-room entertainment systems, management systems, content suites, advisory and management services, and integrity monitoring and auditing systems for the regulated gaming markets. For more information please visit www.amayagaming.com or www.amayaonline.com.

About BetClic Everest Group

BetClic Everest Group, one of the world leaders in online gaming, has a unique portfolio comprising of four diverse and complementary international brands: Everest Gaming, BetClic, bet-at-home.com and Expekt. Led by Ignacio Martos, BetClic Everest Group is owned equally by Lov Group and La Societe des Bains de Mer. The Group operates a broad on-line gaming offer: sports and horse-race betting, poker, casino and bingo. This is backed up by customer service facilities which are available in 25 languages. Active in 100 countries with more than 12 million customers worldwide, the Group boasts more than 1,000 employees spread over 25 countries. BetClic Everest Group is committed to promoting secure and responsible gaming and is a member of several international professional associations including the EGBA (European Gaming and Betting Association) and the ESSA (European Sports Security Association).

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

This press release contains forward-looking statements within the meaning of applicable securities laws. Statements in this press release, which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "estimate", "intend", "may", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on certain factors and assumptions including expected growth, results of operations, performance, business prospects and opportunities, foreign exchange rates and effective income tax rates. While the Company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Risks related to forward-looking statements include, without limitation, risks associated with the Company's financial condition, prospects and opportunities, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations and risks associated with competition. Additional risks and uncertainties can be found in the Company's Form 20-F for the fiscal year ended December 31, 2011 under the heading "Item 3 - Key Information - Risk Factors" and in the Company's other filings with the US Securities and Exchange Commission and Canadian provincial securities commissions. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are given only as at the date of this release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

Contacts: CryptoLogic Limited Ian Price VP Operations +44 (0) 207 616 1947 For Amaya Gaming Group Inc. Equicom Jeff Codispodi +1 (416) 815-0700 ext. 261 Luther Pendragon Neil Thapar, Alexis Gore +44 (0) 207 618 9100

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