Inter-Citic Minerals Inc.
TSX : ICI

Inter-Citic Minerals Inc.

February 17, 2009 09:00 ET

Inter-Citic Reports New Step Out Drill Hole at Dachang Gold Project With 21.7 Metres Averaging 3.38 GPT Gold

New Drill Holes CJV-666 and CJV-669 Increase the Strike of Resource to the West by 250 Metres

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2009) - Inter-Citic Minerals Inc. (TSX:ICI) ("Inter-Citic" or "the Company") President and CEO James Moore, is pleased to report results received from the tenth and final set of drill holes from the Company's 2008 diamond drill program at its Dachang Gold Project in China. Of these results, 34 of 36 drill holes report gold mineralization.

The Company has now reported all completed drill holes from the 2008 exploration program at Dachang. Of the 317 drill holes reported from 2008, a total of 299 holes reported gold mineralization (94.3%), most of which reported multiple mineralized zones between surface and 150 m of vertical depth. The Company is now reviewing the completed data and preparing an update to its current NI 43-101 estimated mineral resource inventory.

Drill Highlights:

- Drill hole CJV-666 is a step-out hole off the western end of the Dachang Main Zone (DMZ), and intersected multiple mineralized zones, including 21.7 metres of mineralization averaging 3.38 GPT contained gold, and another reporting 15.0 metres of mineralization averaging 2.84 GPT contained gold.

- Drill hole CJV-669 is a step-out hole 250 metres off the western end of the DMZ, and intersected multiple mineralized zones, including 12.0 metres of mineralization averaging 4.31 GPT contained gold.

- Both CJV-666 and CJV-669 increase the strike of the mineralized fault zone described in the Company's inferred mineral resource estimate by 250 meters.

Other holes include:

- Drill hole CJV-631 is a step-out hole on the Placer Valley Zone (PVZ), and intersected multiple mineralized zones, including 16.0 metres of mineralization averaging 2.59 GPT contained gold.

- Drill hole CJV-632 is a step-out hole off the south edge of the DMZ, and intersected multiple mineralized zones, including 4.5 metres of mineralization averaging 4.85 GPT contained gold.

- Drill hole CJV-638 is a step-out hole on the PVZ, and intersected multiple mineralized zones, including 1.5 metres of mineralization averaging 6.85 GPT contained gold, and another with 5.2 metres of mineralization averaging 5.27 GPT contained gold.

- Drill hole CJV-640 is an infill hole on the DMZ, and intersected multiple mineralized zones, including 4.7 metres of mineralization averaging 3.33 GPT contained gold.

- Drill hole CJV-642 is an infill hole on the DMZ, and intersected multiple mineralized zones, including 5.4 metres of mineralization averaging 3.63 GPT contained gold.

- Drill hole CJV-650 is an infill hole on the DMZ, and intersected multiple mineralized zones, including 2.1 metres of mineralization averaging 9.47 GPT contained gold.

- Drill hole CJV-670 is an infill hole on the DMZ, and intersected multiple mineralized zones, including 4.0 metres of mineralization averaging 3.55 GPT contained gold, and 3.6 metres of mineralization averaging 3.33 GPT contained gold.



Detailed drilling results are set out in the chart below:

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Gold
DDH Hole From To Length Assay
Number Zone Section Dip Azimuth (m) (m) (m) (g/t Au)
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CJV-625 PVZ 4300 -45 20 0.0 6.7 6.7 1.38
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15.9 17.0 1.1 5.58
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35.6 37.7 2.1 3.95
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79.7 81.0 1.3 1.83
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96.0 97.0 1.0 0.79
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100.0 101.4 1.4 1.84
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CJV-626 DMZ 4700 -64 20 86.9 89.9 3.0 1.68
---------------------------------------------------------------------------
92.0 96.0 4.0 1.00
---------------------------------------------------------------------------
99.0 101.0 2.0 2.44
---------------------------------------------------------------------------
105.2 106.2 1.0 0.53
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---------------------------------------------------------------------------
CJV-627 DMZ 4900 -45 200 31.9 35.9 4.0 1.08
---------------------------------------------------------------------------
38.9 39.9 1.0 1.03
---------------------------------------------------------------------------
43.9 44.9 1.0 0.52
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70.5 71.5 1.0 0.78
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80.0 84.0 4.0 0.84
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CJV-628 DMZ 14100 -45 20 71.0 72.0 1.0 0.50
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75.0 76.6 1.6 7.05
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106.0 107.2 1.2 6.28
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115.1 121.0 5.9 2.21
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124.4 129.0 4.6 0.78
---------------------------------------------------------------------------
153.0 154.0 1.0 0.52
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CJV-629 PVZ 3500 -74 20 34.0 38.0 4.0 1.29
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45.2 47.2 2.0 2.42
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CJV-630 PVZ 4150 -83 20 84.5 85.5 1.0 0.71
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CJV-631 PVZ 4500 -45 20 25.4 26.4 1.0 0.63
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47.2 50.5 3.3 1.39
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59.3 64.1 4.8 0.82
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111.7 127.7 16.0 2.59
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CJV-632 DMZ 10700 -65 20 31.0 32.0 1.0 0.91
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162.0 166.5 4.5 4.85
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225.0 228.7 3.7 1.18
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CJV-633 DMZ 9000 -73 20 184.7 185.7 1.0 0.57
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187.9 190.2 2.3 2.94
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CJV-634 DMZ 4700 -81 20 46.9 47.9 1.0 1.75
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68.7 69.7 1.0 0.56
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75.2 76.5 1.3 1.34
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119.8 124.8 5.0 1.54
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CJV-635 DMZ 4900 -53 20 33.4 39.9 6.5 1.20
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87.4 88.9 1.5 0.62
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163.3 165.3 2.0 2.98
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171.7 173.2 1.6 3.28
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CJV-636 DMZ 9000 -73 20 no significant assays
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CJV-637 PVZ 4700 -45 20 2.0 4.0 2.0 2.94
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24.5 25.5 1.0 0.72
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87.0 89.0 2.0 1.77
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CJV-638 PVZ 3100 -45 20 34.5 36.0 1.5 6.85
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38.8 44.0 5.2 5.27
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57.5 59.0 1.5 1.15
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72.0 73.0 1.0 0.66
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CJV-639 DMZ 4900 -75 20 73.7 74.7 1.0 1.31
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79.7 80.7 1.0 0.63
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100.1 101.1 1.0 2.68
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108.1 109.1 1.0 1.04
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120.9 121.9 1.0 0.82
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172.4 180.4 8.0 1.00
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185.9 190.1 4.2 1.65
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CJV-640 DMZ 14100 -65 20 78.5 79.5 1.0 0.99
---------------------------------------------------------------------------
115.0 116.0 1.0 1.53
---------------------------------------------------------------------------
120.0 124.7 4.7 3.33
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149.0 150.0 1.0 0.73
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---------------------------------------------------------------------------
CJV-641 DMZ 14300 -69 20 126.8 133.0 6.2 2.84
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CJV-642 DMZ 14100 -83 20 89.5 90.5 1.0 0.56
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136.5 141.9 5.4 3.63
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163.9 166.9 3.0 0.53
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CJV-643 PVZ 4500 -45 20 34.0 36.0 2.0 2.59
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CJV-644 DMZ 4700 -79 20 no significant assays
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---------------------------------------------------------------------------
CJV-645 DMZ 5900 -45 20 32.9 33.9 1.0 1.49
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---------------------------------------------------------------------------
CJV-646 DMZ 2925 -67 20 68.8 73.8 5.0 3.15
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---------------------------------------------------------------------------
CJV-647 DMZ 2925 -84 20 20.2 21.2 1.0 1.39
---------------------------------------------------------------------------
68.4 69.9 1.5 0.62
---------------------------------------------------------------------------
87.3 90.0 2.7 2.50
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CJV-648 DMZ 5900 -80 20 16.7 19.7 3.0 1.02
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CJV-650 DMZ -X 100 -90 0 35.9 36.9 1.0 1.10
---------------------------------------------------------------------------
102.5 104.5 2.0 2.36
---------------------------------------------------------------------------
174.4 176.5 2.1 9.47
---------------------------------------------------------------------------
189.8 190.3 0.5 1.03
---------------------------------------------------------------------------
198.0 202.2 4.2 1.19
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CJV-666 DMZ 12900 -45 20 44.5 66.2 21.7 3.38
---------------------------------------------------------------------------
70.5 71.2 0.7 1.65
---------------------------------------------------------------------------
78.8 80.8 2.0 1.18
---------------------------------------------------------------------------
93.0 108.0 15.0 2.84
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CJV-667 DMZ 15700 -45 20 33.8 37.1 3.3 1.93
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CJV-669 DMZ 15700 -82 20 51.7 63.7 12.0 4.31
---------------------------------------------------------------------------
66.0 73.3 7.3 2.26
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84.6 85.6 1.0 1.77
---------------------------------------------------------------------------
94.6 95.6 1.0 1.82
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CJV-670 DMZ 12900 -68 20 50.0 51.0 1.0 5.33
---------------------------------------------------------------------------
61.0 65.0 4.0 3.55
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76.2 78.2 2.0 2.18
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82.7 84.1 1.4 0.71
---------------------------------------------------------------------------
103.3 105.3 2.0 3.80
---------------------------------------------------------------------------
107.8 111.4 3.6 3.33
---------------------------------------------------------------------------
113.8 121.0 7.2 0.96
---------------------------------------------------------------------------
133.8 134.5 0.7 0.78
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CJV-672 DMZ 12900 -86 20 50.0 51.0 1.0 0.69
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63.0 64.0 1.0 0.81
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90.3 92.5 2.2 1.31
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95.6 96.4 0.8 2.92
---------------------------------------------------------------------------
117.0 122.5 5.5 1.57
---------------------------------------------------------------------------
128.0 130.0 2.0 0.96
---------------------------------------------------------------------------
147.0 148.0 1.0 1.95
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---------------------------------------------------------------------------
CJV-674 DMZ 16500 -88 20 84.4 86.0 1.6 1.48
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122.0 123.0 1.0 0.70
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---------------------------------------------------------------------------
CJV-678 DMZ 13500 -45 20 15.0 16.0 1.0 0.70
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24.0 29.0 5.0 2.87
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CJV-678B DMZ 13500 -50 20 16.7 18.4 1.7 1.60
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27.5 29.0 1.5 1.06
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CJV-681 DMZ 20800 -45 20 104.8 106.0 1.2 0.68
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CJV-688 DMZ 17300 -45 20 76.5 78.0 1.5 1.02
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111.5 112.3 0.8 1.23
---------------------------------------------------------------------------
118.3 119.3 1.0 0.71
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129.7 130.7 1.0 0.69
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CJV-691 DMZ 14900 -50 20 20.0 26.3 6.3 2.35
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DMZ: Dachang Main Zone - The original 2km long zone of mineralization
defined by the 2006 DDH program
DMZ-X: Dachang Main Zone Extension - A 1.5 km long zone of mineralization
extending off the eastern end of the DMZ as defined by the 2007
DDH program
PVZ: Placer Valley Zone - A south dipping mineralized fault 1 km south
of the DMZ

Assay cut-off for the above table was at 0.5 gpt Au, however, intervals
were determined by geological interpretation of consistent mineralized
zones. Broader intervals may include waste intervals of up to 2m. There
was no evidence of nugget effect and none were topcut. True widths for the
intervals above have yet to be determined.


Step-out drill holes are in new areas of the Dachang Gold Property adjacent to the Company's existing NI 43-101-compliant inferred resource area on the DMZ, or on the Company's Placer Valley anomaly (PVZ), a mineralized fault zone approximately 1 km to the south of the DMZ.

Infill holes are testing continuity of the Company's existing NI 43-101-compliant inferred resource area on the total 3+ km extent of the Dachang Main Zone as described in the Company's press release of April 10, 2008. The sulphide mineralization of the DMZ is open to depth along most of this defined fault structure and is still open to the east and west. A visual representation of the location of the drill holes in this release can be seen at: http://www.corebox.net/properties/dachang/ or as a map on the Company's website. A location map showing all drill hole locations from 2008 is available on the Company's website at: http://www.inter-citic.com/maps.htm.

Sample Methodology:

Drill core samples were taken at geologically significant intervals, typically over one metre. Core recovery was in excess of 90%. The designated sample intervals were cut with a diamond saw by qualified technicians. One half of the cut core was selected for assay with the remaining half being placed back into the core box. Care was taken to ensure that neither half of the core represents a bias with respect to the nature and mineral content of the sample. The sample interval and methodology are consistent with industry standards. Drill core samples were shipped to SGS Geochemical Laboratories ("SGS") located in Kunming and Tianjin, China for sample preparation and 50g fire assay with AA finish. SGS is the world's leading inspection, verification, testing and certification company. Analytical work is performed in accordance with recognized standards such as ASTM, ISO, JIS, and other accepted industry standards. Accuracy of the results is tested through the systematic inclusion of reference samples and duplicate samples.

Security of Samples: All of the samples collected at Dachang are stored in a restricted secure storage area. Samples are shipped by truck to Golmud and delivered to Inter-Citic's courier agent in Golmud for shipment to the various laboratories for analysis. Inter-Citic's courier agents are present at all transshipment points between Golmud and the laboratories. Exploration at Dachang was conducted with the assistance of the numerous professionals from the Qinghai Geological Survey Institute, working in co-operation with Inter-Citic's technical team on site and supervised by Mr. Garth Pierce, Vice-President of Exploration.

Mr. Michael W. Leahey, P.Geo., the Company's internal Qualified Person under the requirements of National Instrument 43-101, has reviewed a copy of this press release.

Mr. B. Terrence Hennessey, P.Geo., of Micon International Limited is a Qualified Person under the requirements of National Instrument 43-101 and has reviewed a copy of this press release.

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 with properties 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 www.inter-citic.com.

Investors are encouraged to review "Risk Factors" associated with the Dachang project as outlined in the Company's 2007 Financial Statements and Annual Information Form 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. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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