CryptoLogic to Hold Analyst/Shareholder Conference Call

  CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP) announced today that its financial results for the fourth quarter and year ended December 31, 2009 will be released on Tuesday, March 2, 2010 at 2:00 a.m. Eastern Standard Time and 7:00 a.m. Greenwich Mean Time.

Brian Hadfield, CryptoLogic's President and CEO, cordially invites analysts and shareholders to participate in the company's conference call to be held on March 2, 2010 at 8:30 am (EST) and 1:30 pm (GMT). A live webcast of the call will be available. Management will review the financial results for the fourth quarter and year 2009 and discuss recent developments, followed by a question and answer period.

Conference Call

  Date:                                Tuesday, March 2, 2010
  Time:                                8:30 a.m. (EST)/ 1:30pm (GMT)
  Local Toronto Dial-In Number:        416-340-8410
  Toll Free North America:             1-800-766-6630
  Toll Free UK                         00 800-4222-8835
  Toll Free International:             (Country Code)  800-4222-8835

To participate, please call five to ten minutes prior to the 8:30 a.m EST/1:30 p.m GMT start of the teleconference. This conference call will be recorded and available for replay approximately one hour after the completion of the call, up until midnight (EST time) March 9, 2010. To listen to the replay, please dial 416-695-5800 or for North America only 1-800-408-3053, passcode 6122324#. A transcript of the call will also be made available on CryptoLogic's website at www.cryptologic.com under Investor Information.

Webcast

To access the live audio webcast, please go to www.cryptologic.com and click on Investor Information/Events, or http://events.digitalmedia.telus.com/cryptologic/030110/index.php prior to 8:30 a.m. EST/1:30 p.m. GMT Windows Media Player is required to listen to the webcast. If you do not have the player, a free download is available at www.microsoft.com. A rebroadcast of the webcast will be available for 120 days.

About CryptoLogic® (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Limited is a leading public 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, including the "big four" international operators. 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. WagerLogic® Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of gaming software and services to blue-chip customers that offer their games to non-U.S. based players around the world. For information on WagerLogic, please visit www.wagerlogic.com.

Contacts: CryptoLogic Limited Maureen Lockett [phone] x 5734 [e-mail]