Citation Updates Exploration Progress for the Biricu Project in the Guererro Gold Belt and Announces Plans for Targetted Geop...

Citation Resources Inc. (TSX VENTURE:CTT) (the "Company") is pleased to provide
an update on its initial reconnaissance exploration program including stream
sampling, rock chip sampling and geologic mapping of portions of its
approximately 41,000 hectare Biricu Project situated in the Guerrero Gold Belt,
Mexico.


Field work has identified two favorable geologic zones, located less than 20
kilometers to the southeast of Goldcorp's Los Filos Mine Project. The first area
consists of oxide and clay alterations in limestones and volcanic rocks adjacent
to exposed granodiorite intrusions. Preliminary surface sampling has yielded
gold values from nil to 1.27 grams per tonne. Based on the initial results, a
systematic grid sampling program was established over a 1.5 by 1.0 kilometer
area and results from this sampling are pending.


The second area, only recently discovered, consists of exposures of oxide skarn
and jasperoid alteration, similar to the style of mineralization identified at
the Los Filos gold deposit. Preliminary sampling in the second area returned
gold values from nil to 171 parts per billion, with associated anomalies in
pathfinder elements Copper (6 to 4,380 parts per million ("ppm")), Arsenic (57
to 2,260 ppm), Cobalt (below detection to 22 ppm), and Molybdenum (1 to 166
ppm). Further work is underway to define the full extent and nature of this
mineralized zone.


Based on these positive results, the Company is in the process of commissioning
Geotech Ltd. to conduct an airborne versatile time-domain electromagnetic (VTEM)
survey of targeted areas of the Biricu Project, which it is expecting to
commence by early June, 2012.


The Company anticipates that the findings of its early-stage ground exploration
activities and the VTEM survey will be used to define a drill program to be
commenced in Q4 of 2012.


The Company has also initiated discussions with two additional communities to
obtain surface access to further areas of prospective interest where it would
intend initially to conduct reconnaissance mapping and sampling.


Quality control/Quality assurance

All samples collected in 2012 were sent for 35-element ICP analysis to ALS
Canada Ltd. The Company has implemented a quality assurance and quality control
program to ensure that sampling and analysis of all samples is conducted in
accordance with the best possible practices.


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