2012 INSTRUCTIONS FOR SHAREHOLDERS

A Special Meeting of Shareholders of Inter-Citic Minerals Inc. held on October 29, 2012 which overwhelmingly approved (99.85%) the previously announced acquisition proposal by Western Mining Group. Following the satifaction of all conditions, the acquisition closed on Monday, November 19, 2012 and shares of Inter-Citic Minerals Inc. were delisted from the TSX at the close of November 22nd, 2012.

Under the terms of the approved Arrangement, Western Mining will buy alloutstanding shares of Inter-Citic at the approved price of $2.05 per share. In most cases, a shareholder's broker or agent will handle the tendering process and the funds will be forwarded to the shareholder's account and the shares cancelled.

A Letter of Transmittal accompanied the Management Proxy Circular that was sent to all shareholders in preparation for the October 29, 2012 Special Meeting of Shareholders. This should be completed as part of the process for tendering a shareholder's shares. A PDF copy of the Letter of Transmittal is below.

Letter of Transmittal (100K PDF)

It is important to note that neither Inter-Citic nor Western Mining handles the tendering of shares directly. This is done between the shareholder's broker or representative and Computershare, the Transfer Agent for Inter-Citic, which holds the funds for payment to shareholders in escrow. In case of questions, your broker can contact Computershare directly at the address below:

Transfer Agent
Computershare
Attn: Client Services
3rd Floor, 510 Burrard Street
Vancouver, B.C.
V6C 3B9
Telephone: 1 (604) 661-9436
Facsimile: 1 (604) 661-9401