CTO 20.0% 0.4¢ citigold corporation limited

Ann: Quarterly Activities Report and Appendix 5B, page-4

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    Please tell me im wrong but is that an exploration expenditure of $320,000 to do a " Desktop review included re-analysing results of exploration to date and in particular over the last two years to optimise the exploration program post quarter end for the south of Charters Towers to be an area of focus." + tenement fees. Ive had a brief look and totalled slightly less than 400 geochem samples (I am probably wrong as the jorc table is not fit for purpose as it only mentions drilling for exploration which they havent done and the exploration sections are extremely confusing) taken in the past 2 1/2 years. Must be some analysis at nearly $1,000 a sample!

 
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