ECT Ellipsiz Communications Ltd

Inter-Citic Minerals Inc. (TSX:ICI) ("Inter-Citic" or "the Company") President
and CEO James Moore, is pleased to provide an update of the metallurgical
testwork carried out as part of its ongoing flowsheet development work, aimed at
permitting and constructing a gold mine and associated concentrator and
bacterial oxidation plant, at its Dachang Gold Project in Qinghai Province in
China.


This extensive optimization testwork resulted in an estimated overall
predictable recovery of gold from typical Dachang mineralization of 87.8% to
dore, up from 85% previously reported by the Company and used in its Preliminary
Economic Assessment announced July 6, 2009. 


Over the past 6 months the Company has carried out multiple metallurgical
testwork programs in both China and overseas in Australia and in South Africa.
The aim of these programs has been to confirm the earlier testwork reported on
by the Company on March 2nd and May 7th 2009, and to provide increased certainty
as to metallurgical performance of the proposed treatment route for the
production of gold in dore from the Dachang Project. This work was supervised by
the Company's independent technical expert for metallurgy, Gary A. Patrick,
B.Sc., MAusIMM, who is the principal of Metallurg Pty. Ltd. and a Qualified
Person under NI 43-101. The testwork was completed at independent laboratories
and testwork facilities both in China and overseas.


In November of 2010, a number of fresh samples of Dachang mineralization were
collected to test for variability of flotation response within the Dachang ore
body. Samples were collected throughout the Dachang Main Zone and Placer Valley
Zone areas of the property and split into two sub-samples, to be sent for
comparative testing at both the Beijing General Research Institute Of Mining &
Metallurgy ("BGRIMM") in Beijing and at AMMTEC in Australia. 


Results from the AMMTEC bulk flotation tests were 94.93% recovery, at a
concentrate grade of 31.59 gpt gold. The variability flotation tests also showed
no significant variation in metallurgical performance and all lithology types
floated well. Optimum grind size for the AMMTEC testwork was determined to be
80% passing 106 microns. AMMTEC also completed settling tests on the concentrate
and tailings products, and filtration tests on the concentrate product to aid in
the detailed engineering design process.


BGRIMM's results for the same sample were marginally lower than AMMTEC, but the
Company considers these differences to be within the acceptable limits and
attributes the variability to different operator experience.


At the same time, approximately 30 kg of low-grade concentrate from the Extended
Continuous Flotation Test ("ECT") averaging 26.9 gpt gold, 8.6% S2-, and 4.48%
As, was shipped to SGS Laboratories, Johannesburg for bacterial oxidation and
BIOX(R) testwork. The batch and bulk Batch Amenability Testwork ("BAT") tests
were supervised by Gold Fields Group Services (PTY) Ltd ("Goldfields"). This
program was completed in January 2011 and Goldfields confirmed that Dachang
concentrate was ideally suited to the BIOX(R) process and that a BIOX(R) plant
could be constructed to treat Dachang concentrate with a leach recovery of gold
in solution of between 93.3 and 93.5% in the subsequent CIL plant. 


In July of 2010 the Company also commissioned BGRIMM to carry out an ECT on a
large sample of Dachang mineralization chosen to represent typical feed material
for the Dachang mine operation. This sample totaled some 13 tonnes and graded
approximately 3.05 gpt Gold, 5.32 gpt Silver and 0.48% Arsenic, and can be
considered to be representative of mineralization at Dachang. BGRIMM established
a pilot plant capable of treating 1 tonne of sample per day, using a
conventional grinding and flotation circuit. 


The ECT demonstrated that at a relatively coarse grind of 80% passing 106
microns, it was possible to produce two concentrate products from the Dachang
bulk ore sample. These were a lower grade concentrate suitable for bacterial
oxidation, grading 31.85 gpt gold with a recovery of 93.08%, and a higher grade
concentrate suitable for sale to a smelter grading 60.27 gpt gold with a
recovery of 92.3%. Concentrate from the lower grade bacterial oxidation run was
subsequently shipped to SGS Laboratories in South Africa to conduct the
commissioning of larger scale Batch Testwork to demonstrate the potential
performance of a BIOX(R) plant for the oxidation and subsequent recovery of gold
to dore. Goldfields supervised and evaluated the BAT and BIOX(R) testwork
findings.


The Company now considers that the overall predictable recovery of gold from
typical Dachang mineralization can be estimated to be 87.8% to dore, made up of
flotation recoveries of 94.9%; BIOX(R)/CIL recoveries of 93.4% and estimated
gold room recoveries of 99.0%. This exceeds the previously estimated overall
gold recovery figures of 85.0% used in the Company's 2009 PEA. In addition, the
comprehensive testwork program confirms that the effective grind size for the
Dachang project can be coarsened from a P80 of 75 microns to a P80 of 106
microns, representing a significant saving in grinding costs, and potential
increase in throughput for the project, for the same installed grinding power.


Gary A. Patrick, B.Sc., MAusIMM, has reviewed and approved the contents of this
release. He acted as the Independent Expert retained by the Company to supervise
the testwork program overall and is a Qualified Person under the definitions of
National Instrument 43-101.


On Behalf of the Board:

James J. Moore, President & CEO

ABOUT INTER-CITIC:

Toronto-based Inter-Citic Minerals Inc. is an exploration and development
company advancing its Dachang Gold Project in the People's Republic of China.
Inter-Citic is listed on the TSX under the symbol ICI. Inter-Citic's website is
www.inter-citic.com.


Investors are encouraged to review "Risk Factors" associated with the Dachang
project as outlined in the Company's 2010 Financial Statements and Annual
Information Form, along with updates, available on the SEDAR website at
www.sedar.com. The statements herein that are not historical facts are
forward-looking statements. These statements address future events and
conditions and so involve inherent risks and uncertainties, as disclosed under
the heading "Risk Factors" in the company's periodic filings with Canadian
securities regulators. Actual results could differ from those currently
projected. The Company does not assume the obligation to update any
forward-looking statement.

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