CitiGold extends Share Purchase Plan March 12, 2010

Citigold Corporation Limited (ASX: CTO) has extended the Share Purchase Plan (SPP) offer to shareholders until Wednesday 24 March 2010.

Recently on 4 March 2010 Citigold announced it had signed a non binding memorandum of understanding with Henan Jinqu Gold Company Limited (Jinqu), China, to form a joint venture company to develop the City mines of Citigold’s Charters Towers gold project. It is appropriate and in the interest of all shareholders to provide further time to consider the announcement and participation in the SPP.

The announcements can be viewed at the www.citigold.com website or copies can be mailed to shareholders by telephoning the Citigold office. The funds raised from this plan are to be used towards expanding Citigold’s gold mining operations and working capital.

Click here to view the full announcement.

For further information, please contact:

Mark Lynch
Managing Director
Tel:+61 (0)7 3834 0000

Media enquiries:
Fortbridge: +61 2 9331 0655
Luke Dean 0414 535 433
luke.dean@fortbridge.com