Mining industry veteran rounds out strong Board of Directors

June 17, 2004 TORONTO - (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 Rick Van Nieuwenhuyse, President and CEO of NovaGold Resources Inc., has joined the Company's Board of Directors. This appointment increases the number of independent Directors for Inter-Citic.

"Rick's appointment rounds out an extremely strong Board," said James J. Moore, President and CEO of Inter-Citic. "Rick's skill set is perfectly suited to Inter-Citic's needs as we drive our Chinese projects forward. He brings technical leadership, experience working with major mining companies and expertise in developing large gold projects, all of which will add tremendous value. With this appointment and with the formation of our Advisory Committee, we are confident we will have the management, financing and technical talent to grow our presence in China and deliver significant value to all our stakeholders."

Mr. Van Nieuwenhuyse established NovaGold in 1998, and has over 25 years of worldwide experience in the natural resources sector. NovaGold is a TSX and AMEX-traded precious metals exploration and development company that is advancing five separate million-plus-ounce gold deposits toward production, including three of the largest undeveloped deposits in North America. Prior to establishing NovaGold, Mr. Van Nieuwenhuyse was Vice President of Exploration for Placer Dome Inc., where he managed projects from grassroots discovery through to production. Mr. Van Nieuwenhuyse holds a Candidature degree in Science from the Universite de Louvain, Belgium, and a Master of Science degree in geology from the University of Arizona.

Mr. Van Nieuwenhuyse commented: "I've followed Inter-Citic's progress closely, and am very impressed with the projects and partnerships that management has assembled in China. I look forward to working closely with management and the Board as Inter-Citic pursues an aggressive exploration program this summer."

With this appointment, Inter-Citic's Board is now comprised of nine Directors, listed as follows: James J. Moore, Peter Tang, Scott Dorey, Adrian Pedro Ho, Carlos Ho, Sherman Hsiao Ming Hong, Abe Schwartz and Rick Van Nieuwenhuyse joining Chairman Mark Frederick. Further information on each Director can be found on Inter-Citic's website (www.inter-citic.com).

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.

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

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