SOURCE: Press Release

(Dublin, Ireland) — CryptoLogic Limited, a leading software developer to the global Internet gaming industry, announced today that its Board of Directors has authorized the company’s renewal of its Normal Course Issuer Bid. Purchases under the bid may commence on November 14, 2007 and will terminate on November 13, 2008.

CryptoLogic's share purchase program authorizes the company to purchase up to 1.28 million shares of the issued ordinary shares, representing approximately 10 percent of the public float.

There are currently 12,811,165 ordinary shares issued and outstanding. Purchases will be made on the open market through the facilities of the Toronto Stock Exchange and at the market price at the time of purchase.

No more than 4,965 shares may be repurchased in any trading day.

The ordinary shares purchased by CryptoLogic during the course of the Normal Course Issuer Bid will be cancelled. The directors of the Corporation initiated the bid renewal as they believe the ordinary shares are undervalued within the context of the market.

CryptoLogic did not make any purchases under its 2006/2007 bid.