CryptoLogic-Developed Software Helps Players Win Their Way Into The 2005 Caribbean Poker Classic'TM'.

TORONTO -- CryptoLogic Inc. (TSX:CRY)(NASDAQ:CRYP)(LSE:CRP)

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Poker champions to Internet hopefuls worldwide to compete for an estimated $2 million prize pool

Big poker excitement, big names and big cash prizes will be found at this year's annual Caribbean Poker Classic(TM), which will take place on the Caribbean island of St. Kitts, from November 25th to December 4th, 2005. Players who play on poker software developed by CryptoLogic, and licensed through its WagerLogic subsidiary, are winning their way into this estimated $2 million land-based tournament, including a seat in the $6,300 main event.

"The Caribbean Poker Classic(TM) is THE place to be in late November for world-class poker action," said Andy Goetsch, CryptoLogic's Vice President of Poker Software Development and a world-class player in his own right. "Thanks to CryptoLogic software focused on meeting the needs of the Internet poker player, the CPC is attracting the champions and stars of land-based poker, including Jennifer Tilly - the 2004 WSOP Ladies Champion, and Robert Varkonyi - the 2002 WSOP Champion, as well as drawing Internet players vying for their spot in paradise and potentially at the final table and televised poker fame."

WagerLogic licensees are hosting the 2nd annual Caribbean Poker Classic(TM) in association with Thomas Kremser and the International Poker Federation. This year's tournament promises to attract even more skilled Internet hopefuls and poker elites from around the world. The lineup already includes World Series of Poker champions Robert Varkonyi, Kathy Liebert, Jennifer Tilly, Willie Tann, as well as World Poker Tour winners Juha Helppi, Antonio Esfandiari, Phil Laak, and top European pros such as Julian Thew, Simon Trumper, Xuyen Pham and Steve Vladar.

The Caribbean Poker Classic(TM) will take place at the exclusive St. Kitts Marriott Resort & The Royal Beach Casino. Players can qualify through online tournaments at: williamhillpoker.com, interpoker.com, betfairpoker.com, ukbettingpoker.co.uk, littlewoodspoker.com, theritzclublondon.com, sunpoker.com, classicpoker.com, totalbetpoker.co.uk and pokerplex.com. The $10,000 prize package includes the $6,300 championship event buy-in, nine nights at the luxurious resort and $2,400 in cash.

Players fly to St. Kitts on the Caribbean Poker Classic(TM) Private Poker Jet - a unique poker experience that will offer on-board poker action, in-flight movies featuring poker classics such as "Rounders", and poker professionals providing tips and strategies to improve players' games en route to the Caribbean. The televised trip on the Poker Jet will see players and their guests have chances to win thousands of dollars in poker prizes.

"The success of Caribbean Poker Classic(TM) shows the incredible popularity of Internet poker, and that our software has great player appeal," added A.J. Slivinski, WagerLogic's Managing Director. "This major annual event is also an excellent vehicle for our customers to drive increasing traffic to their poker sites."

In addition to the estimated $2 million pot, the Caribbean Poker Classic(TM) will offer a number of action-packed side tournaments, satellites and cash games, including entry into seven different Freeroll games with total cash prizes exceeding $20,000 - and a designer watch for the winner of each of the seven events.

CryptoLogic-developed poker software powers one of the top revenue generating rooms on the Internet, and now attracts more than 7,000 live simultaneous players online. As a pioneer and global leader in the estimated $12 billion online gaming industry, CryptoLogic continues to strengthen its position by developing a growing range of software products for the world's major Internet casino and poker markets. The company is also expanding its system capacity to accommodate rapid growth and player demand, and continues to work with many of the world's most trusted gaming brands.

About CryptoLogic(R) (www.cryptologic.com)

Focused on integrity and innovation, CryptoLogic Inc. is a world leading, public developer and supplier of Internet gaming software. CryptoLogic's leadership in regulatory compliance makes it one of the very few companies with software that is certified to strict standards similar to those of land-based gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to a blue-chip customer base worldwide. For information on WagerLogic(R), visit www.wagerlogic.com.

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).

CRYPTOLOGIC FORWARD LOOKING STATEMENT DISCLAIMER:

Statements in this press release which are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with Internet gaming and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on licensees and key licensees, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.

CryptoLogic Inc. (TSX:CRY) (NASDAQ:CRYP) (LSE:CRP)