Inter-Citic Minerals Inc ICMTF

All 46 New Holes Report Gold Mineralization

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Inter-Citic Intersects Gold In Five New Exploration

Areas. All 46 New Holes Report Gold Mineralization

Acadia Zone Yields Drill Hole With 32.3 Metres Averaging 1.93 GPT Gold

TORONTO, ONTARIO--(Marketwire - Nov. 23, 2010) -Inter-Citic Minerals Inc. (TSX:ICI - News; "Inter-Citic" or "theCompany") President and CEO James Moore, is pleased to report on drillhole results in five of its new areas of exploration as part of itsongoing 2010 drill program at its Dachang Gold Project in China. The2010 exploration program is focused entirely in new areas at Dachangtargeting near-surface resource expansion.

All exploration drill holes reported by the company in this releaseintersected gold mineralization, many intersecting multiple intervals.

Significant results include numerous drill holes in the Acadia Zone.Drill hole CJV-1064 on the Acadia Zone intersected 32.3 metres ofmineralization averaging 1.93 GPT contained gold, including 6.0 metresof 3.83 GPT gold. It also had an additional 11.5 metres ofmineralization averaging 0.77 GPT contained gold, and 3.0 metres grading3.58 GPT gold. According to the Company's interpretation, the estimatedtrue width of the zone of gold mineralization intersected by drill holeCJV-1064 is approximately 20 metres, including several zones from 6 to 8metres true thickness that do not change too much in thickness fromsurface to depth and are separated by short barren intervals.

Drill hole CJV-1058A, also in the Acadia Zone, intersected 12.3 metresof mineralization averaging 3.01 GPT contained gold. Drill hole CJV-1056in the Acadia Zone intersected 8.0 metres of mineralization averaging2.64 GPT contained gold.

"The Acadia Zone is yielding particularly satisfying early results,"said Garth Pierce, VP Exploration of Inter-Citic Minerals. "We have nowencountered multiple longer intercepts of gold mineralizationincreasingly defining a structure very similar to the Dachang Main Zoneresource area. All these intercepts are outside areas of existingresource inventory, and we are now looking to the Acadia Zone as apotentially significant new discovery at Dachang."

The Acadia Zone appears to have fine-grained disseminated and fracturecontrolled sulphides as in the Dachang Main Zone resource area, but alsoa new style of mineralization in highly altered package of sedimentswith more abundant arsenopyrite stringers/veinlets and fine to coarsegrained clotted pyrite. A sectional view of drill hole CJV-1064 isavailable on the company's website.

Detailed new drilling results by exploration area are set out in the charts below.

Acadia Zone:

The "Acadia Zone" is located approximately 9 kilometres northwest of theDachang Main Zone along the dominant Carbonate Thrust Fault thattransects the property. Drilling and trenching have now defined theAcadia Zone along a 1.6 kilometre strike length.

New results from the Acadia Zone are as follows:




DDH Assay
Hole No. Dip Bearing From (m) To (m) Length (m) Au g/t

CJV-1015 -50 202 99.40 100.40 1.00 0.66

CJV-1020 -50 202 79.40 80.70 1.30 1.18
94.80 97.70 2.90 0.79
105.00 107.00 2.00 1.06
110.00 117.00 7.00 1.40

CJV-1025 -50 22 34.50 35.50 1.00 0.91
70.70 71.70 1.00 2.28

CJV-1031A -50 202 12.00 13.00 1.00 1.12
18.00 19.00 1.00 0.65
23.00 24.00 1.00 0.90

CJV-1056 -45 22 17.00 18.00 1.00 0.64
29.00 37.00 8.00 2.64

CJV-1058 -45 22 9.90 10.90 1.00 0.87

CJV-1058A -45 22 24.20 36.50 12.30 3.01
40.50 41.50 1.00 1.19
45.50 51.30 5.80 1.91

CJV-1064 -65 22 25.60 28.60 3.00 3.58
32.60 64.90 32.30 1.93
67.90 79.40 11.50 0.77

DMZ Extension:

The DMZ Extension ("DMZ-X") is new exploration that continues off theeastern end of the current DMZ resource area. It consists of twoseparate south dipping fault structures - the "Upper Zone" and the "DMZProjection" to the south. Both complex fault systems are mineralized andopen to the east.

New results from the DMZ-X are as follows:




DDH Assay
Hole No. Section Dip Bearing From (m) To (m) Length (m) Au g/t

CJV-1004 -45 22 15.17 18.17 3.00 3.66
20.67 22.17 1.50 0.81
24.67 25.67 1.00 5.39

CJV-1008 -55 22 28.27 29.47 1.20 1.19

CJV-1011 6000E -80 22 148.10 153.10 5.00 0.65
158.10 160.20 2.10 0.59

CJV-1012 -85 22 62.20 64.20 2.00 1.33

CJV-1018 600E -45 22 57.87 59.37 1.50 0.90
81.17 82.17 1.00 0.52

CJV-1027 4800E -55 22 111.80 112.80 1.00 0.66

CJV-1032 4800E -75 22 53.35 54.35 1.00 0.66
105.00 107.65 2.65 1.57

CJV-1036 4250E -75 22 99.50 101.50 2.00 1.91
142.00 143.00 1.00 0.72
156.00 163.00 7.00 2.44

CJV-1037 4800E -50 22 43.60 44.70 1.10 0.51

CJV-1039A 4250E -85 22 108.00 122.00 14.00 1.60
133.00 134.20 1.20 0.80
144.50 145.50 1.00 0.50

CJV-1046 4000E -75 21 41.50 44.50 3.00 0.90
53.80 54.80 1.00 1.38
85.90 89.90 4.00 0.74
95.90 96.90 1.00 0.55
151.90 153.40 1.50 0.61

CJV-1051 4000E -89 22 50.60 51.60 1.00 6.64
109.90 111.20 1.30 1.34
156.60 158.60 2.00 1.30
168.80 169.80 1.00 0.51

CJV-1054 4250E -65 22 71.80 77.00 5.20 2.89
82.00 85.10 3.10 2.89

CJV-1055 4000E -50 22 51.10 52.10 1.00 0.52
57.10 59.10 2.00 0.63
76.10 77.10 1.00 3.00
156.50 158.50 2.00 4.28

NR-1:

Drilling in 2010 in the North River ("NR") district of the property hasdiscovered a series of parallel steeply dipping mineralized faults thatcross the 1.5 kilometre long NR-1 anomaly. The rock in the NR-1 areadiffers from that of Dachang as it is intensely silicified with moderatesericite and minor carbonate alteration.

New results from NR-1 are as follows:




DDH Assay
Hole No. Dip Bearing From (m) To (m) Length (m) Au g/t

CJV-1017 -50 22 97.20 98.30 1.10 4.81

CJV-1030 -50 22 17.50 21.50 4.00 0.72
49.20 56.00 6.80 1.13
71.70 74.00 2.30 2.85

CJV-1035 -55 20 9.80 12.00 2.20 3.19
46.00 51.00 5.00 1.56
108.00 109.00 1.00 1.02

CJV-1040 -64 20 11.00 14.00 3.00 0.64
49.50 50.70 1.20 1.10
54.00 55.00 1.00 2.89
116.00 117.50 1.50 0.57
146.00 147.00 1.00 1.54
153.50 154.50 1.00 0.74
155.50 156.50 1.00 0.60

CJV-1042 -45 20 26.70 27.90 1.20 0.80
70.70 72.40 1.70 3.37

CJV-1044 -60 20 72.80 73.80 1.00 1.20

CJV-1045 -45 202 13.50 15.00 1.50 1.44

CJV-1047 -45 20 26.20 28.00 1.80 4.21

CJV-1049 -45 200 25.00 27.00 2.00 1.13
41.00 42.00 1.00 3.09

CJV-1053 -45 22 25.70 27.10 1.40 5.39

PVZ-E Zone:

The Placer Valley East ("PVZ-E") Zone continues off the eastern extentof the previously defined Placer Valley Zone to the south of the DachangMain Zone.

New results from PVZ-E are as follows:




DDH Assay
Hole No. Section Dip Bearing From (m) To (m) Length (m) Au g/t

CJV-1021 4800E -45 22 23.65 25.00 1.35 0.81
99.65 100.85 1.20 0.91
116.80 117.80 1.00 0.78
119.00 119.70 0.70 0.71

CJV-1023 2275 -45 22 50.67 51.67 1.00 1.95

XP Zone:

The XP Zone is in the centre of the Dachang property, and continues offthe eastern extent of the 861 Zone. It has demonstrated strong zones ofsurface gold mineralization, and is believed by the Company to be thecontinuation of the mineralized fault structure that trends towards thesoutheast across the property from the 861 Zone.

New results from the XP Zone are as follows:




DDH Assay
Hole No. Dip Bearing From (m) To (m) Length (m) Au g/t

CJV-991 -50 22 43.35 51.65 8.30 1.84
54.65 58.65 4.00 1.50

CJV-1013 -70 22 38.65 44.65 6.00 0.78

CJV-1013A -70 22 47.30 55.30 8.00 0.66

CJV-1019 -70 22 67.25 67.95 0.70 1.22

CJV-1033 -50 202 23.70 30.80 7.10 1.10
48.90 53.00 4.10 0.79

CJV-1038 -85 202 3.00 4.00 1.00 0.50
7.00 11.50 4.50 1.58
20.00 22.10 2.10 2.18
44.20 45.20 1.00 1.22
59.10 60.10 1.00 0.73
64.10 70.65 6.55 1.47

CJV-1043 -76 202 7.10 9.20 2.10 0.93

CJV-1057 -50 24 27.80 28.80 1.00 3.73
31.80 35.80 4.00 6.42
62.30 63.20 0.90 1.16

CJV-1060 -45 202 9.70 10.70 1.00 1.68

CJV1062 -50 22 38.40 41.30 2.90 1.73
46.60 47.60 1.00 0.81

CJV-1063 -80 202 20.30 21.10 0.80 3.38
93.95 98.70 4.75 1.14

CJV1065 -50 22 36.00 37.00 1.00 1.92
53.80 54.80 1.00 2.91

Assay cut-off for the above tables was at 0.5 gpt Au, however, intervalswere determined by geological interpretation of consistent mineralizedzones. Broader intervals may include waste intervals of up to 2m. Therewas no evidence of nugget effect in the above results and none weretopcut. True widths for the intervals above have yet to be determined.

A visual representation of the location of the drill holes in this release can be seen at: https://www.corebox.net/properties/dachang/ or as a map on the Company's website. A location map is available on the Company's website at: https://www.inter-citic.com/maps

Drilling continues at Dachang with up to six drills operating on thesenew targets. Additional assays will be reported as received by theCompany.

Sample Methodology:

Drill core samples were taken at geologically significant intervals,typically over one metre. Core recovery was approximately 90%. Thedesignated sample intervals were cut with a diamond saw by qualifiedtechnicians. One half of the cut core was selected for assay with theremaining half being placed back into the core box. Care was taken toensure that neither half of the core represents a bias with respect tothe nature and mineral content of the sample. The sample interval andmethodology are consistent with industry standards. Drill core sampleswere shipped to SGS Geochemical Laboratories ("SGS") located in Kunmingand Tianjin, China for sample preparation and 50g fire assay with AAfinish. SGS is the world's leading inspection, verification, testing andcertification company. Analytical work is performed in accordance withrecognized standards such as ASTM, ISO, JIS, and other accepted industrystandards. Accuracy of the results is tested through the systematicinclusion of reference samples and duplicate samples.

Security of Samples: All of the samples collected at Dachang are storedin a restricted secure storage area. Samples are shipped by truck toGolmud and delivered to Inter-Citic's courier agent in Golmud forshipment to the various laboratories for analysis. Inter-Citic's courieragents are present at all transshipment points between Golmud and thelaboratories. Exploration at Dachang was conducted with the assistanceof the numerous professionals from the Qinghai Geological SurveyInstitute, working in co-operation with Inter-Citic's technical team onsite and supervised by Mr. Garth Pierce, Vice-President of Exploration.

Mr. Gerald Bidwell, P.Geo., the Company's internal Qualified Personunder the requirements of National Instrument 43-101, has reviewed andapproved the results reported in this press release.

Mr. B. Terrence Hennessey, P.Geo., of Micon International Limited is aQualified Person under the requirements of National Instrument 43-101and 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 anddevelopment company with property in the People's Republic of China,including its Dachang Gold Project in Qinghai Province. Inter-Citic islisted on the TSX under the symbol ICI. Inter-Citic's website is www.inter-citic.com.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release
Contact:

Stephen Lautens
Inter-Citic Minerals Inc.
Vice President, Corporate Communications
[phone] x 227
[e-mail]
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