how true is this statement

I hold CTO and even though I see Red I am still going to Hold

Regards to all CTO r's

Disclaimer on CTO's announcements -

Cautionary Note: This release may contain forward-looking statements that are based upon managements
expectations and beliefs in regards to future events. These statements are subjected to risk and uncertainties
that might be out of the control of Citigold Corporation Limited and may cause actual results to differ from the
release. Citigold Corporation Limited takes no responsibility to make changes to these statements to reflect
change of events or circumstances after the release.
The following statements apply in respect of the information in this report that relates to Exploration
Results, Mineral Resources and Ore Reserves: The information is based on, and accurately reflects,
information compiled by Mr Christopher Alan John Towsey, who is a Corporate Member and Fellow of the
Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Towsey is a
geologist and employed by CTO as Chief Operating Officer and Site Senior Executive. He has the relevant
experience in relation to the mineralisation being reported on to qualify as a Competent Person as defined in
the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Identified Mineral Resources
and Ore Reserves. Mr Towsey has consented in writing to the inclusion in this report of the matters based on
the information in the form and context in which it appears.