CryptoLogic Commences TSE Trading

4 October 1998

TORONTO -- CryptoLogic Inc. (CANADIAN DEALING NETWORK: CRYP.) switched to trading on the Toronto Stock Exchange at the opening of business on September 30.

The new trading symbol is CRY. The company's shares previously traded on the Canadian Dealing Network Inc. under the symbol CRYP. CryptoLogic is in the business of software development and management involving processing of Internet based transactions. CryptoLogic's current focus is on electronic commerce and Internet gaming software. There are currently 8,468,745 common shares outstanding. On a fully diluted basis there will be 15,428,745 common shares outstanding.