CRYP Cryptologic Limited (MM)

CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP) announced today that the company will release its financial results for the fourth quarter and the 2008 year end on Tuesday March 17th, 2009.

Brian Hadfield, President and CEO of CryptoLogic, cordially invites you to participate in the company's analyst/shareholder conference call to be held on March 17, 2009 at 1:30 p.m. (GMT) 8:30 a.m. (EST). Management will review the financial results for the fourth quarter and the year 2008 and discuss recent developments, followed by a question and answer period.

Conference Call
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     Date:                      Tuesday March 17, 2009
     Time:                      8:30 a.m. (EST)
     Local Dial-In Number:      416-695-6616
     Toll Free North America:   877-677-0837
     Toll Free International:   (Country Code) 800-6578-9898

To participate, please call five to ten minutes prior to the 8:30 a.m. 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) March 24, 2009. To listen to the replay, please dial 416-695-5800 or 1-800-408-3053, passcode 3279971#. 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.onlinebroadcasting.com/cryptologic/022609/index.php prior to 8:30 a.m. 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 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. For information on WagerLogic�, visit www.wagerlogic.com.

Contacts: Argyle Communications Jason Graham (416) 968-7311 jgraham@argylecommunications.com