Citation Commences Targeted Geophysical Airborne VTEM Survey at Biricu and Receives Permission to Access High-Priority Area

Citation Resources Inc. (the "Company") (TSX VENTURE:CTT) is pleased to announce
that further to its May 23, 2012 news release updating exploration activity in
Mexico's Guerrero State, Geotech Ltd. ("Geotech") has now commenced flying an
airborne versatile time-domain electromagnetic ("VTEM") survey over the Biricu
Gold Project. In addition, the Company has reached agreement with the Mezcala
ejido granting the Company access to high-priority areas to conduct early-stage
exploration activities.


Geotech has been contracted to conduct a 1,400 line-kilometre VTEM survey that
will employ 150 metre spacing over three specific high-priority areas of the
Biricu concession within a broader survey coverage at 200 metre spacing. The
survey is expected to be completed in early September 2012 following which the
Company will analyse and integrate the survey data with the mapping and sampling
data models based on its recent and ongoing ground exploration activities.


Preliminary field work, consisting of reconnaissance mapping and geochemical
sampling is completed in most of the highest priority areas of the property. The
prospective areas in which work was conducted are located in the northern region
of the Biricu Project approximately 10 kms east and northeast of Goldcorp's Los
Filos Mine Project and show strong similarities in geologic setting, alteration,
and geochemical patterns to those of the numerous gold skarn deposits of the
Guerrero Gold Belt (GGB).


Five prospective areas for drill targeting are identified to date based on
geologic mapping and assays from geochemical sampling. These areas center on
exposures of diorite and granodiorite porphyry with associated hornfels, skarn,
and jasperoid alterations which are characteristic of known GGB deposits. Four
of the five areas show moderate to highly anomalous values in gold with
associated GGB-style pathfinder elements such as copper, arsenic and bismuth
(Press release May 23, 2012). Detailed results from these field studies will be
integrated with geophysical results and presented in a future news release.


The Company is also engaged in discussions with a second ejido regarding access
to another high-priority exploration area in the western portion of the
concession immediately adjacent to Goldcorp's property holdings. The Company is
hopeful of an agreement being reached with the ejido in the near future, pending
which completion of field work would require a further 30 days.


Drill targeting, drilling bids, and requests for environmental permits will be
submitted after receipt and analysis of pending geophysical, geological, and
assay data for the purpose of initiating a drill program during the first
quarter of 2013.


Qualified Persons

The exploration program is being carried out under the direction of David M.
Jones, technical consultant to the Company. David M. Jones is credited with
discovering the Los Filos property currently being mined by Goldcorp which is 10
km from the Biricu Project.


The technical content of this news release has been reviewed by and is the
responsibility of Richard Graham, P. Geol., who is a Qualified Person as defined
in NI 43-101.


About Citation Resources

Citation Resources Inc. is a growth-oriented, Canadian mining company dedicated
to the exploration and development of precious and base metal resources.
Citation is based in Vancouver, British Columbia and aims to create shareholder
value through the acquisition, exploration, and development of profitable
mineral properties, in a manner that is consistent with best practice in
environmental stewardship, safety and stakeholder engagement. The Company has an
option agreement with Esperanza Resources Corp. to acquire a 100% interest in
the Biricu Project mineral exploration concession located in Guerrero State,
Mexico. The Biricu Project comprises more than 41,000 hectares of highly
prospectable ground and management believes that the Biricu Project is the
direct on-strike extension of five skarn deposits in the Guerrero Gold Belt (El
Limon-Los Guajes - Torex Gold Resources Inc.; Bermejal, Los Filos, and Nukay -
Goldcorp Inc.; Ana Paula - Newstrike Capital Inc.).


Forward-Looking Statement

Some statements in this report contain forward-looking information. These
statements include, but are not limited to, statements with respect to future
exploration, expenditures, transactions and financings. These statements address
future events and conditions and, as such, involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of to be materially different from any future results,
performance or achievements expressed or implied by the statements. Such factors
include, among others, risks related to actual results of exploration
activities, the timing and amount of expenditures and the completion of
transactions and financings.


ON BEHALF OF THE BOARD OF DIRECTORS

CITATION RESOURCES INC.

Nigel Kirkwood, CFO
Citation Resources (TSXV:CTT)
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