Cryptologic to Discuss its 2005 Third Quarter Results

Thursday, October 20th, 2005

London, UK - CryptoLogic Inc. announced today that on the morning of Thursday, November 3, 2005 (before the market opens in Canada), the company will release its financial results for the third quarter ended September 30, 2005.

Lewis Rose, President and CEO of CryptoLogic, cordially invites you to participate in the company's analyst/shareholder conference call to be held on November 3, 2005 at 1:30 p.m. (UK time). A live webcast of the call will also be available. Management will review the financial results for the 2005 third quarter and discuss recent developments, to be followed by a question and answer period.

Conference Call

Date: Thursday, November 3, 2005

Time: 1:30 p.m. UK Time

Toronto Dial-In Number: 416-695-6120
Toll Free International: 00 800-4222-8835 (from UK)

To participate in the call, please dial 416-695-6120 or 800-4222-8835 five to ten minutes prior to the 1:30 p.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 (Toronto Time) November 10, 2005. To listen to the replay, please dial 416-695-5275. 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,

or

http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID =1274900 prior to 1:30 p.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 on www.Q1234.com and www.newswire.ca/webcast/ under Archives for 30 days.

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 Ltd., a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to customers worldwide. For information on WagerLogic(R), visit www.wagerlogic.com.

For information, contact:

Nancy Chan-Palmateer
(416) 545-1455 x4701
nancycp@cryptologic.com

Maureen Lockett
(416) 545-1455 x4734
maureen.lockett@cryptologic.com