Australia’s Next Major Gold Producer at Charters Towers ?

Citigold Corporation Limited

Annual General Meeting 28th November 2012, Queensland, Australia

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Legal Statement DISCLAIMER - This presentation is intended to provide general information and is not intended to constitute legal, financial, accounting, tax, investment consulting or other professional advices or services. The information that is not about Citigold Corporation is collected from various sources, most of which do not guarantee or warrant correctness. Whilst the information has been collected with reasonable care, Citigold does not guarantee or give any warranty as to its correctness. Although the information has been obtained from sources considered and believed to be both reliable and accurate, no responsibility is accepted for any opinion expressed or for any error or omission in that information. None of Citigold or any of its affiliates, advisors or representatives shall be liable for any special, direct, incidental, consequential or punitive damages or any other damages or loss whatsoever whether in an action of contract, statute, tort (including without limitation, negligence) or otherwise relating to the use of this presentation or information. This document is intended for financial institutions and professional investors only and is not intended for distribution to, or use by, private customers. This document is also not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is directed only at relevant persons and any investment or activity to which the document relates is available only to relevant persons. Other persons should not act upon this document or any of its contents. This document is for information and convenient reference and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities of Citigold nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. Any reference to particular information of Citigold is intended as a summary and not a complete description. This document and the information contained herein are not an offer of securities for sale, whether in the United States or otherwise. This document is not for publication or distribution to persons in the United States (within the meaning of Regulation S under the United States Securities Act of 1933, as amended (the Securities Act)). The information in this document is given in confidence and reproduction of this document, in whole or in part, or disclosure of any of its contents, without prior consent of Citigold, is prohibited. This document should be distributed and read in its entirety. This document remains the property of Citigold and on request must be returned and any copies destroyed. The recipients of this documents should not use the information on this document in any way which would constitute “market manipulation” or “insider dealing” including for the purposes of the Australia Securities Exchange (or its equivalent in other jurisdictions). Certain statements in this document may constitute “forward-looking statements”. These statements reflect Citigold’s expectations and are subject to risks and uncertainties that may cause actual results to differ materially and may adversely affect the outcome and financial effects of the plans described herein. You are cautioned not to rely on such forward-looking statements. Citigold disclaims any obligation to update their view of such risks and uncertainties or to publicly announce the results of any revisions to the forward-looking statements made herein, except where they would be required to do so under applicable law.

JORC STATEMENT - The following statements apply in respect of the information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves: The information is based on, and accurately reflects, information compiled by Mr Christopher Alan John Towsey, who is a Corporate Member and Fellow of the Australasian Institute of Mining and Metallurgy and a member of the Australian Institute of Geoscientists. Mr Towsey is a consultant geologist. He has the relevant experience in relation to the mineralisation being reported on to qualify as a Competent Person as defined in the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves. Mr Towsey has consented in writing to the inclusion in this report of the matters based on the information in the form and context in which it appears.

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Realising Citigold’s Potential

1) Gold Asset – large, high-grade, accessible

2) Gold Business – solid foundation/strong future

3) Development Plan – building a long life mine

4) Funding – last piece of puzzle

5) Innovation – ensuring low cost production

6) Growth Execution – realising the value upside

7) Benefits – Shareholders, Community, Workforce

Executed correctly the huge gold business opportunity for Citigold is very real. F

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Gold Asset - Where is Charters Towers ? F

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Gold Asset - Reserves and Resources 2012

* For full details on the Charters Towers Gold Project see the 173 page Technical Report (JORC) visiting www.citigold.com click Mining >Technical Reports >Mineral Resources and Reserves 2012

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Gold Asset – Permanent Deep Source Giant

Professor Whitehouse, eminent geologist, of University of New England : “a permanent deep source super giant gold deposit that will produce for generations”.

Old Reefs Mined

6,600,000 oz

Today’s

Reef’s are

the same

high quality

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Gold Asset – World Peer Deposit

Charters Towers and the Pataz-Parcoy gold province have the same mineral formation process, host rocks, high-grades and geometry. The Pataz-Parcoy gold miners produce an estimated 500,000 oz/yr. Charters Towers aims to 336,000 oz/yr.

Large base metal rich sub-class of Orogenic gold deposits

Pataz-Parcoy

1430t Au (prodn

+ resources)

Charters Towers,

513t Au (prodn +

resources)

Potential 1500t Au

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Gold Business - Cultivating the Asset

2004: 100% of gold tenements acquired

2005: 10 million ounce Resource defined

2007: Development commenced

2009: Focus on converting Resources to Reserves and refining mechanised mining method to derisk the project.

2012: Reserves increased to 620,000 ounces. Resources increase to 11 million ounces. Secure major capital expansion funding and begin production ramp up

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Gold Business - competitive advantages

① Large and high-grade = LONG business life and low production costs.

② 100,000 ozs produced = DERISKED PROJECT / low risk of realisation.

③ Mine already in production = all capital is into CAPACITY INCREASE.

④ Key infrastructure in place = ready for BUSINESS growth.

⑤ Mining titles and permits granted = READY TO START.

⑥ POWERFUL technologies ‘Google’ era mine = LOW operating costs.

⑦ Upside ‘SUPER GIANT’ deposit = like Peru’s Pataz/Parcoy of 50M oz goldfield

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Gold Business – proven mining method

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Development Plan – Foundation is Built

Recent mining the ore body to understand this unique deposit has significantly de-risked project.

Substantial growth can be undertaken with confidence. F

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Development Plan – Production Steps

As gold output grows economies of scale improve reducing forecast Cash Costs below $400 per ounce.

Automation technologies to ensure Citigold’s cash cost remain in the bottom 25% of producers.

24

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153

252

336

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WEST (CITY)

CENTRAL (CITY)

EAST (CITY)

SOUTH (IMP)

CENTRAL (IMP)

NORTH (IMP)

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Funding - Economic Evaluation

* The above is the Economic Evaluation used is the Mineral Resources and Reserves 2012 Technical Report. It demonstrates the potential of the project based on the assumptions used and that the business GROWTH can be substantial and profitable. See Report for full details.

Figures in A$’s millions

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Innovation - Harnessing Technology for more Productive and Safer Mining

• Environmental control, worker health and safety demands automation.

• Automated (driverless) machines can operate where humans can’t – remote, harsh & hazardous areas.

• Advances in intelligent software have lead to significant improvements in automation of processes.

Mining in the Digital Age

Citigold aims to be at the forefront of utilising advanced technology for value creation. F

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Innovation – Continuously Mine Ore Drives

Machine Mine Level Drives in Ore

Replace blasting with machines –

• Less waste dilution

• Faster rate of advance

• Reduce ground support

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Innovation – Geophysics

Ore Body visually different from host

rock.

The high-grade gold reefs are visible and relatively easy to follow during the mining process. Our world leading geophysics scientists aim to make these same rich reefs ‘visible’ from surface to greatly improve drilling efficiencies.

• Detect shape of high grade ‘sulphide’ areas.

• Expensive drilling focuses only on the high-grade areas.

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Growth Execution

1) START site works, start contractor assessment.

2) Major EXPANSION capital funding – needs $50M, raise $75-100M re contingencies.

3) ACCELERATE expansion works, contractor engagement.

4) Underground and surface works full speed.

5) Major drilling and geophysics program to INCREASE Reserves.

6) Powerful technologies IMPLEMENT.

7) Gold OUTPUT GROWTH yearly steps : 24k – 88k – 153 – 252k – 336k oz/yr.

8) Dual list SGX/HKEX – major RERATING.

9) Initiate ‘Charters Towers School of Mines’ – long term skills base.

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Value Upside : High-grade gold F

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Value Upside : Total cash cost per Ounce F

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Charters Towers community and Citigold F

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Capital Structure and Directory

CORPORATE AND REGISTERED OFFICE

Citigold Corporation Limited, ACN 060 397 177

Level 13, 500 Queen St, Brisbane, QLD, 4000

Telephone: +61 (0)7 3834 0000

Facsimile: .+61 (0)7 3834 0011

E-mail: info@citigold.com

MINE SITE

Gregory Highway

PO Box 10, Charters Towers QLD 4820

E-mail: mine@citigold.com

STOCK LISTING

ASX - Australian Securities Exchange Ltd,

Code: CTO

DIRECTORS

John Foley, Chairman

Mark Lynch, Managing Director/CEO

Brian White, Executive

Gunjan Goel

Kim Koh

CHIEF FINANCIAL OFFICER and

COMPANY SECRETARY

Matthew Martin

ASX Listed Shares : Code CTO

USA ‘pink slip’ ADR’s with BNY Mellon ADR 1 = 20 CTO

Shares Issued 1,238,622,051

Options/Warrants 12,097,917

Top 20 shareholders 50%

Number of shareholders 9,311

Market capitalisation @ 8c $100M

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