PRESS RELEASE

SOURCE: CryptoLogic Inc.

TORONTO -- CryptoLogic Inc. (NASDAQ:CRYP; TSX:CRY) announced today that The Ritz Club London Online (www.theritzclublondon.com) is now live and open for business using CryptoLogic's leading e-gaming technology.

Grown out of one of the finest gaming brands in the world, The Ritz Club London Online will focus on meeting the needs of its exclusive high-value membership while at the same time enabling a full spectrum of players to experience the superior standard of customer care for which The Ritz Club London is known.

"We are very proud to have been entrusted by The Ritz Club London to bring its heritage of security and sophistication to the Internet," said Lewis Rose, CryptoLogic's Interim President and CEO. "Focusing on both existing high value members and new players, this association fits perfectly with our strategy of expansion in the rapidly-growing European and international markets."

Located in London's historic Ritz Hotel, The Ritz Club London is a venue that evokes the great Edwardian gilded casinos of Europe. The Ritz Club London Online casino carries the same cachet, and a highly customized slate of 26 casino games includes multi-player Blackjack, American Roulette, European Roulette, Baccarat, Casino Stud Poker and Let-It-Ride Poker.

"After a meticulous evaluation of potential suppliers, CryptoLogic was our first and only choice to bring to the Internet the high standards and operating procedures that set The Ritz Club London apart," said Kelly Moulton, CEO of The Ritz Club London Online. "The Ritz Club London is synonymous with quality and trust, and CryptoLogic has carried this tradition of excellence and the highest level of customer service to our Internet Casino."