Drilling Permits Granted for Citation's Guerrero Gold Belt VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 1, 2014) - Citation Resources Inc. (the "Company" or "Citation") (TSX VENTURE:CTT) is pleased to announce that it has received formal written approval from The Ministry of Environment and Natural Resources (SERMARNAT) that its permit applications for its planned drill program at its Biricu Project have been approved and permits have now been issued. The permits, along with the previously announced permissions from the local community, allow Citation to immediately commence drilling at its previously announced high-priority exploration targets. The initial drill program will test the priority high-drill targets in Punto Rojo and Northern Target areas with an initial exploratory drill program of a minimum of 5,500 metres and 11 proposed holes. Each of the target areas contain the geophysical, geochemical and geological characteristics consistent with other discoveries in the area, including the neighboring Torex properties, Morelos and Media Luna, and Goldcorp's Los Filos.
"With the drill permits now in place, we are moving expeditiously to conclude discussions with potential financing and strategic partners as we look to advance exploration activity at Biricu into this next exciting phase," said Matthew Watson, current CEO and Chairman. In parallel, the Company is moving towards finalizing the selection process for a CEO.