PRESS RELEASE

SOURCE: CryptoLogic Inc.

TORONTO -- CryptoLogic Inc. (NASDAQ:CRYP; TSX:CRY) today announced that littlewoodscasino.com, powered by CryptoLogic software, is now live in the strictly regulated Internet gaming jurisdiction of the Isle of Man. Operated by Littlewoods Leisure, one of the U.K.'s most established and best-known gaming brands, littlewoodscasino.com was granted one of the first interactive gaming licences issued by the Isle of Man authorities. The certification of CryptoLogic's software by the Isle of Man government is a prime example of the Company's commitment to leadership in regulated Internet gaming worldwide.

"The future of Internet gaming lies in trusted brand names like Littlewoods operating in highly regulated jurisdictions," said Lewis Rose, CryptoLogic's Interim President and CEO. "Having both our gaming and e-cash software certified to the strict Isle of Man regulations was a major milestone, and we expect to see continued growth in the U.K. and European markets as more and more customers recognize the benefits of operating in a Tier-one regulated environment."

CryptoLogic has always advocated that fair and responsible gaming is the best solution for players, customers and governments. Choosing CryptoLogic software allows Littlewoods to offer a fully customized, customer-oriented Internet casino in compliance with the Isle of Man's licensing regulations.

Littlewoodscasino.com offers 16 single and multi-player casino games, and incorporates extensive consumer safeguards including player identification; physical address verification; deposit, withdrawal and bet limits for fraud control, anti-money laundering and responsible gaming; an account lock feature; online player game and e-cash logs; and geographic restrictions. Littlewoodscasino.com will not accept bets from U.S. players.