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No
one can successfully do business in China without strong
partnerships. For the past decade, Inter-Citic has
been building relationships and partnerships in China.
Inter-Citic
Minerals Inc. has partnered with the Qinghai
Geological Survey Institute ("QGSI"), the largest
geological organization in the province of Qinghai.
In
a binding Co-operative Joint Venture Contract signed December,
2003, Inter-Citic partnered with QGSI for the exploration
of the Dachang gold project.
As part of the agreement with QGSI, Inter-Citic has
also obtained a
right of first refusal on all mineral exploration projects
for which QGSI seeks foreign investment. This is significant
for Inter-Citic, since Qinghai is part of a Chinese "Go
West" incentive plan and derives 40% of its GDP from
the mining industry.
Partnerships
with such exclusive rights are a key differentiator to Inter-Citic
as a gold exploration and development company in China.
The business development pipeline provided by such close
relationships and signed contracts ensure Inter-Citic has
first call on some very exciting gold properties in China.
Inter-Citic has worked hard
to be worthy of the trust and confidence of its Chinese
partners who have come to respect both its integrity and
technical ability. The result is a choice of excellent opportunities,
starting with the Dachang Gold Project.

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