Ex-Noranda Geologist to lead advanced exploration at Dachang

May 11, 2004, TORONTO, ONTARIO - (ICI - TSXV) Inter-Citic Minerals Inc. ("Inter-Citic") today announced that Garth A. Pierce has joined the Company as Vice President, Exploration to direct the exploration programs, beginning with the upcoming drill program at Dachang in Qinghai province. Mr. Pierce will also lead the field work program for Zalantun in Inner Mongolia, beginning this quarter with the objective of defining drill-ready targets for Q4 of this year.

Mr. Pierce is a geologist with thirty years of exploration and project management experience, including 17 years with Noranda. He played a significant role in Noranda's 1982 Hemlo acquisition and development as well as Hemlo Gold's 1989 Eagle River gold discovery. Mr. Pierce left the Noranda Group in 1993. He has spent much of the last ten years active in evaluating gold and diamond prospects in the Canadian Shield. In addition to his work on Canadian precious and base metal deposits, Mr. Pierce has also managed advanced gold projects in the United States and Norway. Mr. Pierce commented, "I've seen a lot of North American exploration companies with recently acquired China projects, but Inter-Citic is unique in its deal structure as well as possessing a very compelling lead project. I am happy to be involved and look forward to the upcoming exploration season."

This appointment allows Inter-Citic to expand its technical team. David Wahl, P. Eng., P. Geo., Vice President Mineral Resource Development, will continue to lead the search for new mineral resource opportunities in China. During the past two years, Mr. Wahl has reviewed numerous projects in every significant gold producing province of China.

Many of these potential opportunities originate from Inter-Citic's extensive network of relationships in China including Inter-Citic's Joint Venture partners, the Qinghai Geological Survey Institute (QGSI) and the Beijing Institute of Geology for Mineral Resources (BIGM), China's only national geological institute. Both of these partnerships are exclusive to Inter-Citic and both carry rights of first refusal on any mineral exploration project for which the China partner seeks foreign investment.

James J. Moore, President & CEO of Inter-Citic, commented: "We are pleased to have attracted Garth to the Inter-Citic team. At this time, we are well positioned to advance our Dachang project substantially over the upcoming summer exploration season."

As part of his compensation, and subject to regulatory acceptance Mr. Pierce has been issued under the Company's stock option plan 75,000 options at a price of $1.15. Subject to the terms of the plan, the options are exercisable as of September 10, 2004.

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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