Respected prospector, mining engineer bring tremendous depth of expertise to Chinese projects

May 11, 2004, TORONTO, ONTARIO - (ICI - TSXV) Inter-Citic Minerals Inc., a gold exploration and development company focused on the People's Republic of China, is pleased to welcome Don McKinnon and Harry Burgess as members of its Advisory Committee.

"We are delighted that Don and Harry have agreed to add their considerable skills to Inter-Citic's Advisory Committee," said James Moore, President and CEO. "Both of these men have decades of experience and success, and their expertise in evaluating mineral projects will be of great value as we move forward with our Dachang and Zalantun projects and seek new opportunities in China."

With more than 40 years of experience in the international mineral exploration industry, Mr. McKinnon is renowned for the discovery of Hemlo, one of Canada's largest and richest gold mining camps. Mr. McKinnon currently receives royalties from 5 different mines and is known around the mining world for his research and extensive library. A fierce advocate for multiple land use, he was named prospector of the year in 1983, received the Order of Canada in 1996 and the Queen's Golden Jubilee Medal in 2002.

Mr. Burgess, a Vice-President with Micon International Limited, has over 30 years of experience with mining operations in China, Africa, North America and Australia. Qualified as both a mining engineer and a mechanical engineer, Mr. Burgess' consulting experience includes worldwide mineral property and mine evaluations, production financing studies and project monitoring. In China, he has managed and contributed to project teams carrying out due diligence reviews of underground polymetallic operations in Guangxi Province and gold prospects in Gansu province. He was also an advisor on the design of underground mining methods for the Jiangxi Copper Company, in Jiangxi Province.

Mr. Burgess also has direct management experience on the Zambian copper belt and in the South African gold mining industry, where he was responsible for the introduction of mechanized mining systems to the gold mines of Anglo-American Corporation.

Mr. McKinnon and Mr. Burgess join Advisory Committee members Dr. Henry Jarecki, former owner of Mocatta Metals and Mr. Chris Hodgson, former Ontario Minister of Mining and Natural Resources.

The company also wishes to announce the granting of options to its Vice President, Finance and CFO, Mr. Lou Pasubio. Mr. Pasubio has been granted a total of 300,000 options at an exercise price of $1.00. Of the options issued, 150,000 will be exercisable after September 4, 2004. A further 75,000 will be exercisable after November 30, 2004 and a final 75,000 will be exercisable after November 30, 2005.

About Inter-Citic Toronto-based Inter-Citic Minerals Inc. is a gold exploration and development company with properties in the People's Republic of China. The Company has strategic partnerships with several large financially strong and established groups in China to facilitate investment in China for both Western and Chinese partners. Inter-Citic is listed on the TSX Venture Exchange under the symbol ICI.

FOR FURTHER INFORMATION PLEASE CONTACT:

Inter-Citic Minerals Inc., James J. Moore, President & CEO, (416) 363-5055 or Flora Wood OR Sean Stokes Business Development Linear Capital Corp. (416) 364-2266

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of, this news release.

FORWARD LOOKING STATEMENTS Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Inter-Citic Minerals Inc. (the "Company") to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "may," "will," "expect," "anticipate," "project," "believe," "plan" and other similar terminology. The risks and uncertainties are detailed from time to time in reports filed by the Company with securities regulatory authorities to which recipients of this press release are referred for additional information concerning the Company, its prospects and the risks and uncertainties relating to the Company and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Company to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking information contained in this press release is current only as of the date of this press release. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

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