CitiGold updates on Charters Towers February 10, 2010

Citigold Corporation Limited (ASX:CTO,FSE:CHP) provides further details with regard to the planned expansion of mining operations, including plans to developed three reefs simultaneously at the company’s City mines area at Charters Towers.

As outlined in the recent Quarterly Report, to take advantage of the strong gold prices and with Warrior on a growth path the Company considers it appropriate to commence planning to re-activate the Charters Towers “City” mining area. The development of the City “super mine” operations are expected to deliver commercial gold production as early as the end of 2012, with full production targeted for the following year.

Click here to view the full announcement.

For further information, please contact:

Mark Lynch
Managing Director

Matthew Martin
Company Secretary

Tel: +61 (0)7 38340000

Media;
Luke Dean
Fortbridge
Tel: +61 2 9331 0655
Mob: +61 0414 535 433
Email: luke.dean@fortbridge.com