June 16, 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 announce that Abe Schwartz, President and CEO of Cedara Software Corp., has been appointed a Director of the Company.

A leading independent provider of medical technologies to customers around the globe, Cedara has over 20,000 medical imaging installations worldwide. Cedara recently announced the expansion of its presence in China with the opening of an office in Shanghai, China to better serve its existing customers and to pursue new business opportunities in the region.

"The addition of Abe Schwartz to our Board is a significant milestone in Inter-Citic's development," said James J. Moore, President and CEO of Inter-Citic. "An entrepreneur and visionary, Abe brings a proven track record in Canada's public markets and a demonstrated understanding of how to do business in China. His depth of experience will be a significant benefit as we continue to expand our presence and develop our gold projects in the PRC."

Mr. Schwartz has been actively building and managing companies for over 25 years, from start-up to maturity. Mr. Schwartz' first start-up was Polaris Technology Corporation, a computer software firm which he founded in 1977 and sold to Crowntek in 1983 for $10,000,000. In 1987, Mr. Schwartz founded Schwartz Technologies Corporation, which developed a leading methodology for successfully launching and growing start-ups. In 1993, Mr.Schwartz co-founded The Workflow Automation Corporation, which achieved breakthroughs in web-based software, and was sold to BEA Systems of San Jose in 2000 for $42,000,000. Mr. Schwartz was previously involved with Inter-Citic in 2001 as an advisor on a mining-related computer project in China. Mr. Schwartz became CEO of Cedara in September, 2002.

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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