floor, page-10

And also from their website:

http://www.citigold.com/story8.html

that commences:

"10 Million oz Gold Resource
Citigold Corporation released last week a Report on the Inferred Mineral Resources of its Charters Towers gold project, which stated that it had a 10 million ounce gold resource.

The public release report, prepared by Citigold’s Chief Operating Officer, Australia, Mr Chris Towsey, stated that the project’s total inferred mineral resources were 23 million tonnes, at 14 grams per tonne of gold.

The report was prepared after an extensive period of evaluation by the company’s experienced technical team, in accordance with the Australasian JORC Reporting Code."

And an extract from their ASX announcement dated 19/12/2006- http://www.citigold.com/downloadablefiles/06-12-19CitigoldTargets07GrowthWeb.pdf

"Start growing the current 10 million mineral resource towards the target of
50 million ounces considered to be within Citigold’s mineral lands. With the
second of three exploration drill rigs on site at Charters Towers, we are well
placed to accelerate the drilling program in 2007. The third drill rig is expected in
February. The plan is for one rig to focus on Warrior mine drilling, a second on
the Sunburst mine and the third will be used to look for the deep ‘bonanza lodes’,
similar to the ounce to the tonne Brilliant and Queen reefs, that could grow the
resource table."