Citation Exploration and Financial Update

Citation Resources Inc. (the "Company") (TSX VENTURE:CTT) is pleased to announce
the raising of $420,000 through the exercise of warrants prior to the expiration
of all warrants on March 25, 2013. Citation has already satisfied its Biricu
Project exploration expenditure requirements for calendar 2013 ($500,000) under
its Option Agreement with Esperanza Resources Corp.


Citation has initiated the process for obtaining the environmental permits and
required permissions for a drill program in the four target areas at the Bircu
Project identified in the Company's news release dated January 29, 2013. Each of
the four target areas contain the geophysical, geochemical and geological
characteristics consistent with other discoveries in the area, including the
neighboring Torex properties, Morelos and Media Luna, and Goldcorp's Los Filos.


The Company's board of directors has approved the granting of 600,000 incentive
stock options to directors and officers of the Company in accordance with its
stock option plan. The options are exercisable at $0.10 per share and have an
expiry date of May 2, 2018.


Qualified Persons

The exploration program is being carried out under the direction of David M.
Jones, technical consultant to the Company. David M. Jones has over 30 years'
experience in mineral exploration and project management. As Chief Geologist of
Teck's Nukay Project from 1994- 1999, Mr. Jones is credited with the discovery
of the Goldcorp's Los Filos gold-skarn deposit, which is located 10 km from the
Biricu Project and became Mexico's largest gold producer in 2010. Application of
his model to other properties in the region dramatically expanded the conceptual
extent of the Guerrero Gold Belt and led to the discoveries of El Limon and Los
Guajes, also major gold-skarn deposits. Mr. Jones has published numerous
technical articles and is considered to be the foremost expert on Guerrero Gold
Belt type deposits. Mr. Jones has worked extensively throughout the Guerrero
Gold Belt for clients including Teck, Wheaton River, Goldcorp, Penoles, Grupo
Mexico, Torex, and a number of other Canadian juniors.


The technical content of this news release has been reviewed by and has been
verified 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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Citation Resources Inc.
Nigel Kirkwood
CFO
604-682-6784
info@citationresources.com
www.citationresources.com
Citation Resources (TSXV:CTT)
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