CryptoLogic Extends 'Marvelous' Relationship With the Hulk, Daredevil, Ghost Rider and Others Leading software developer

and Marvel Entertainment, Inc. extend exclusive licensing agreement to 2010 TORONTO, ONTARIO, Mar 26, 2007 (CCNMatthews via COMTEX News Network) -- CryptoLogic Inc.(TSX:CRY)(NASDAQ:CRYP)(LSE:CRP), a leading software developer to the global Internet casino gaming market, announced the extension of its exclusive licensing agreement with Marvel Entertainment, Inc., one of the world's premier character-based entertainment companies. CryptoLogic will remain the sole, worldwide developer of Marvel-branded Internet casino games through 2010. "CryptoLogic's success is built on our strong relationships with the world's most trusted entertainment brands - and Marvel is one of the best brands to showcase our unique casino product," said Lewis Rose, CryptoLogic's President and CEO. "CryptoLogic's action-packed Super Hero(TM) themed casino games deliver exciting play, stunning visuals and a competitive edge for our customers. We're building player loyalty by providing a superior entertainment experience." Since 2005, CryptoLogic has launched more than 10 slot games featuring Marvel's amazing characters including the Hulk, Daredevil, X-Men, Blade and the Punisher - at some of the world's top Internet casinos. The Thor slot incorporates heavy-hitting animation that summon the thunder god's mighty hammer, while Silver Surfer's stunning visuals enable players to fly through galaxies of bonuses - for as little as 5 cents. Through CryptoLogic-developed software, players can also help Iron Man shatter skyscraper windows to unlock hidden bonus gems, back Ghost Rider as he drives through a spooky scrap yard to help trapped innocents, or bet on Elektra as she faces off against enemy ninjas. Starting in June, fans of Marvel will also be able to join forces with Wolverine and Captain America, and enjoy the smashing animation of the Hulk slot game sequel. "CryptoLogic continues to deliver unique gaming concepts that are totally in tune with today's players," said AJ Slivinski, WagerLogic's Managing Director. "From outstanding bonus features to breathtaking graphics, sound and animation, CryptoLogic is strengthening its competitive edge - and offering some of the most innovative entertainment available on the Internet today." About CryptoLogic(R) (www.cryptologic.com) Focused on integrity and innovation, CryptoLogic Inc. is a world-leading, blue-chip public developer and supplier of Internet gaming software. CryptoLogic's leadership in regulatory compliance makes it one of the very few companies with gaming software that has been certified to strict standards similar to landbased gaming. WagerLogic Limited, a wholly-owned subsidiary of CryptoLogic, is responsible for the licensing of its gaming software and services to blue-chip customers who offer their games around he world to non-U.S based players. For information on WagerLogic(R), visit www.wagerlogic.com. CryptoLogic's common shares trade on the Toronto Stock Exchange (symbol: CRY), the NASDAQ Global Select Market (symbol: CRYP) and the Main Market of the London Stock Exchange (symbol: CRP).

MARVEL, and all related character names and the distinctive likenesses thereof are trademarks of Marvel Characters, Inc., and are used with permission. Copyright (C) 2007 Marvel Characters, Inc. All rights reserved. www.marvel.com. Super Heroes is a co-owned registered trademark. 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. SOURCE: CryptoLogic Inc. CryptoLogic Ken Wightman (416) 545-1455 www.cryptologic.com Argyle Communications Karen Passmore (North American media) (416) 968-7311 ext. 228 kpassmore@argylecommunications.com Argyle Communications Dan Tisch (North American media) (416) 968-7311 ext. 223 dtisch@argylecommunications.com Corfin Communications Ben Hunt (UK media only) +44 207 929 8985 Corfin Communications Neil Thapar (UK media only) +44 207 929 8999 Corfin Communications Harry Chathli