CryptoLogic Voted World's Top Casino Software

TORONTO - (PRESS RELEASE) -- CryptoLogic Inc. has been recognized with the Top Casino Software Award in Gambling Online Magazine's 2005 Reader's Poll Awards, staking its claim as the leading software developer to the global Internet gaming market. The awards, determined by the votes of more than 27,000 players worldwide, are recognized widely as the industry's top honours. CryptoLogic was honoured for its "groundbreaking and ingeniously realistic" casino software, blue-chip clientele and the high level of online player security licensed by its wholly-owned subsidiary, WagerLogic Limited.

"CryptoLogic is focused on developing the world's most innovative games for the world's blue-chip gaming brands - and the award for Top Casino Software is industry validation of this strategy," said Lewis Rose, CryptoLogic's President and CEO. "CryptoLogic's success in delivering the games players want to play is contributing to strong performance in our casino business. Recognition for Top Casino Software is a proud tribute to the talent and commitment of our employees at CryptoLogic."

CryptoLogic is bringing the latest product innovation and exciting entertainment concepts to its Internet casino software. The company has developed and introduced more than 50 new casino games since 2004. Recent launches include Bejeweled, the wildly popular gem-matching game, and six new multi-stage, multi-bonus and multi-jackpot games. These games, which feature Marvel Super Heroes such as The Hulk, Daredevil, X-Men, Blade and The Punisher, are among the most popular games with Internet players.

"We're proud that players are enjoying our casino innovations, and have recognized CryptoLogic with the industry's Gold Standard for Casino Software," added Justin Thouin, CryptoLogic's Director of Casino and High-Margin Gaming.

"CryptoLogic's games deliver the excitement, the online entertainment and the jackpots to suit everyone," said A.J. Slivinski, WagerLogic's Managing Director. "In fact, one lucky British player very recently walked away with more than US$1.7 million by playing one of our own patented games, Millionaires Club - on a US$0.90 bet! This is the second-largest online win in the history of the industry."

About CryptoLogic®

Focused on integrity and innovation, CryptoLogic Inc. is a world leading, blue-chip public developer and supplier of Internet gaming software. Its leadership in regulatory compliance makes it one of the very few companies with gaming software that is certified to strict standards similar to land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to an internationally-recognized blue chip customer base worldwide.

CryptoLogic's common shares trade on the Toronto Stock Exchange (symbol: CRY), on the Nasdaq National Market (symbol: CRYP), and on the Main Market of the London Stock Exchange (symbol: CRP).