Citadel Resource Group Limited (ASX:CGG) To Offer Shareholder Sale Facility

Citadel Resource Group Limited (ASX:CGG) has initiated a share sale facility designed to allow shareholders with less than 1250 shares to sell their shares cost effectively and simply to assist the Company in reducing in reducing administration costs. The Company will bear all brokerage and handling fees related to the sale of shares under this facility.

The Company appreciates the support offered by all shareholders and as such each shareholder has the opportunity to nominate whether they would like to retain their shareholding.

This is one of many cost reduction initiatives currently underway. This year along with the Notice of Annual General Meeting, shareholders will be sent documentation to nominate to receive communications from the Company electronically.

Unmarketable Parcels Sale Facility

Consistent with the Company's constitution, and recognising that the cost to shareholders of selling very small holdings can be prohibitive, shareholders with an unmarketable parcel of shares (equivalent in value to or below A$500) will shortly receive a letter in the form attached. This letter explains that, unless they advise the Company otherwise, their shares will be sold on market and the proceeds remitted to them at zero cost to them. Shareholders who wish to retain their unmarketable parcels of shares must return the form enclosed with the letter otherwise their shares will be sold.

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Citadel Resource Group Limited