Citigold Corporation Limited announced that it has recently completed a further round of rock chip sampling, following up on previous stream sediment anomalies and aerial magnetic anomalies, and the results are presented below. A total of 43 samples were taken on the Company's exploration tenements eight to ten kilometres to the southeast of Charters Towers. Of the 43 samples taken, 22 (51%) were regarded as anomalous.

Values above 0.1 g/t gold, 1 ppm (g/t) silver and 100ppm copper, lead and zinc are regarded as anomalous. Three samples exceeded 3 g/t Au with a high of 7.99 g/t Au in surface rock samples. The anomalous values highlight areas well away from current Company Mining Leases and some are associated with aeromagnetic lows in granitic rocks that may represent areas of mineral alteration that may be caused by metal-bearing fluids.

These areas will be followed up with ground traverses, mapping and, if warranted, geophysical surveys prior to drilling. The ongoing exploration program is following up on targets generated over the last two years, examining stream sediment geochemistry, geophysical surveys, satellite imagery and three-dimensional structural analysis aimed at determining the geological stress patterns that generate the faults and fracture systems within the Charters Towers goldfield that may host mineralisation.