Citigold Corporation Limited

Growth Built on Gold

Dear Shareholder,

Citigold today provided further details with regard to the planned expansion of mining operations,  including plans to developed three reefs simultaneously at the companys City mining area at Charters Towers.

Highlights included:

• City Mines Expansion
• Funding the Developoment of the City
• Major Infrastructure Already Established
• Warrior Ramp up to Continue
• The Future

Whilst it has been a busy and productive period for the company, it is unfortunate that we are yet to see this reflected in our share price.

However, over time, I believe it is the fundamentals of a Company are what long term investors often seek.

As noted in the attached, the fundamentals for Citigold are impressive - in profitable gold production, increasing production, the mining to date has confirmed the assumptions made in the 10 million ounce Inferred Mineral Resource, a strong gold price, low cost focus and new growth focused management team.

To view the full release please click here.

I hope you find the update to be of interest.

Kind regards