Inter-Citic Minerals Inc.

Description

On April 20, 2010, Inter-Citic announced the closing of $18.56 MM private placement and strategic investment by Zijin Mining Group Co., Ltd. in return for 16,000,000 common shares of the Company. Zijin is China’s largest gold producer, China’s third largest copper producer, and one of China’s six major zinc producers. It operates the Zijinshan Gold Mine, the largest open pit gold mine in China.

There are many other people who work with Inter-Citic who you will not see here. They include the many talented and hard-working people of Qinghai who work with us. As with all of us, they are as dedicated to the success of the Dachang Gold Project and seeing Inter-Citic become a major gold exploration and development company in China.

Inter-Citic is a growing gold exploration and development company unlike any other junior mining company. For more than a decade Inter-Citic has been developing relationships and opportunities in China and is regarded as a valued partner. With a wealth of board, management and advisor talent and experience, Inter-Citic is well-positioned to become a major player in China.

On March 22, 2011, Inter-Citic announced the appointment of China Nerin Engineering Co., Ltd . to complete a Chinese-Standard Feasibility Study, (“CFS”) a Mineral Resources Development and Utilisation Program and the associated Project Application Report, for our Dachang Gold Project. Nerin is one of China’s largest engineering companies, and an internationally accredited Level 1 Design Institute, based in Nanchang.

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