BETJACKS new casino and poker site to target players in Ireland, UK, South Africa and Canada

CryptoLogic Limited (TSX: CRY)(TSX: CXY)(NASDAQ: CRYP)(LSE: CRP), a leading software developer to the global Internet gaming market, announced today that it has acquired the exclusive rights to be the sole provider of Internet casino and poker software to Betjacks, a new online gaming site. Under the agreement, made through CryptoLogic subsidiary WagerLogic Ltd., the new brand is expected to target the Irish, UK, South African and Canadian markets following its launch this fall.

Conceived in 2006 by Communication veterans Brian Nesbit & Eamon Garland, Betjacks.com has achieved enormous strides forming key partnerships with blue-chip internet gaming and service providers such as CryptoLogic. BetJacks has developed Ireland's first dedicated online betting and gaming solutions platform, incorporating feature rich media and peer to peer gaming applications all fully integrated with key next generation networking features.

"Today's announcement reflects CryptoLogic's strategy to take our Internet casino and poker products to new people and new places," said Brian Hadfield, CryptoLogic's President and CEO. "CryptoLogic and Betjacks will work together to develop an exciting new site that provides a superior entertainment experience to players around the world."

Betjacks will feature CryptoLogic's award-winning downloadable and non-downloadable Internet casino and poker software. Betjacks will also integrate key white label brands into the company's Internet poker, casino and proprietary eCash in 2009.

"As we set out to launch our new Internet gaming site, we wanted a trusted, respected partner who shared our vision of integrity and innovation," said Brian Nesbit Managing Director (Betjacks). "CryptoLogic's commitment to the quality of the player experience - and its reputation for transparency and regulatory leadership - are critical benefits as we take our brand online."

Betjacks will join other top gaming sites using CryptoLogic-developed software. These include William Hill, InterCasino, Playboy Gaming, Littlewoods, Parbet, Betsafe and the World Poker Tour.

"The addition of Betjacks to our customer suite is another example of WagerLogic executing upon its stated strategy to increase the distribution of our best in class gaming products to the world's most innovative and leading operators," said Antony Demetriades, WagerLogic's Managing Director.

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.