Inter-Citic Minerals Inc.

Inter-Citic Minerals Inc.

October 11, 2006 11:07 ET

Donald Brown Joins Inter-Citic's Board

TORONTO, ONTARIO--(CCNMatthews - Oct. 11, 2006) - Inter-Citic Minerals Inc. (TSX:ICI) ("Inter-Citic" or "the Company") President and CEO James Moore, is pleased to announce that Mr. Donald Brown has joined the Company's board of directors effective immediately. He will also serve as an independent member of the Company's Audit Committee.

Mr. Brown brings a wide range of corporate finance experience to Inter-Citic. From 1977 to 1998 Mr. Brown was a Partner at KPMG, including serving as their managing partner of four locations and lead partner in Entrepreneurial Services practices from 1986 to 1991. Prior to leaving public accounting in 1998, he was Practice Leader for the Industrial Products and Automotive Industries sector of the KPMG Greater Toronto Area Manufacturing, Retail & Distribution Group.

He is currently the Managing Director of Catalyst Strategies Inc., a private investment and consulting company, and serves as Chief Financial Officer for a privately-owned group of investment and real estate companies.

Mr. Brown has wide-ranging experience in manufacturing, distribution, financial services, real estate and construction, technology, and various service businesses. These have been primarily privately-owned Canadian operations, ranging in size from start-up to volumes of hundreds of millions of dollars.

Mr. Brown holds a Bachelor of Commerce degree from the University of Toronto (1969) and qualified as a Chartered Accountant in 1972 and a Certified Financial Planner in 1998. He is also Past Chair of the United Way of York Region and a Past Director of the Mississauga Board of Trade, Community Living Mississauga, The Mississauga Living Arts Foundation, and United Way of Peel Region.

Subject to regulatory approval, the board has approved the grant to Mr. Brown 100,000 stock options at an exercise price of $0.88 with an expiry date of October 11, 2008, pursuant to the terms of Inter-Citic's Stock Option Plan.

On Behalf of the Board:

"James J. Moore", President & CEO


Toronto-based Inter-Citic Minerals Inc. is an exploration and development company with properties in the People's Republic of China. The Company has strategic partnerships with several large financially strong and established groups in China to facilitate investment in China for both Western and Chinese partners. Inter-Citic is listed on the TSX under the symbol ICI. Inter-Citic's website is

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