TORONTO, ONTARIO — (Marketwire) — 07/09/12 — At the request of Market Surveillance, on behalf of the Toronto Stock Exchange, Inter-Citic Minerals Inc. (TSX: ICI)(OTCQX: ICMTF) is commenting on recent trading activity in Inter-Citic-s shares.
Inter-Citic is engaged in negotiations with a third party interested in acquiring all of Inter-Citic-s shares. The terms of a potential transaction continue to be negotiated and, other than a confidentiality agreement, no written agreement has been entered into with this party. Accordingly, Inter-Citic cautions that there can be no assurance that any transaction will result from these negotiations or what the terms of such a transaction, if any, may be.
ABOUT INTER-CITIC:
Toronto-based Inter-Citic Minerals Inc. is an exploration and development company with property in the People-s Republic of China, including its Dachang Gold Project in Qinghai Province. Inter-Citic is listed on the TSX under the symbol ICI. Inter-Citic-s website is .
Investors are encouraged to review „Risk Factors“ associated with the Dachang project as outlined in the Company-s 2011 Financial Statements and Annual Information Form, along with updates, available on the SEDAR website at . 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.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Contacts: Inter-Citic Minerals Inc. Stephen Lautens Vice President, Corporate Communications (905) 479-5072 x 227
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