Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc., (Nasdaq: RODM) and Jesup & Lamont Securities Corp. acted as the placement agents for the transactions with international institutional investors. In addition several local and overseas investors participated.

The funds raised will be used as working capital aimed at growing gold production.

About Citigold Corporation Limited

Citigold Corporation Limited (ASX: CTO, NASDAQ Dubai: CTO, FSE: CHP) is an Australian gold mining company producing gold from Australia's richest goldfield at Charters Towers in north eastern Australia. The Company is an ASX/S&P 300 index company. For more information visit Citigold Corporation Limited on the Internet at www.citigold.com.

About Rodman & Renshaw

Rodman & Renshaw Capital Group, Inc. is a holding company with a number of direct and indirect subsidiaries, including Rodman & Renshaw, LLC.

Rodman & Renshaw (NASDAQ: RODM) is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. The company also provides research and sales and trading services to institutional investors. Rodman is the leader in the PIPE (private investment in public equity) and RD (registered direct offering) transaction markets. Rodman has been ranked the #1 Placement Agent in terms of the aggregate number of PIPE and RD financing transactions completed every year since 2005 and 2009 year-to-date as ranked by Sagient Research Systems. For more information visit Rodman & Renshaw on the Internet at www.rodm.com.

MEMBER FINRA, SIPC

SOURCE: Rodman & Renshaw Capital Group, Inc.

Rodman & Renshaw Investor Relations 
Grayling 
Mr. Christopher Chu, 1-646-284-9400 (ext. 426) 
Rodman@us.grayling.com

Expected next investor conference call information:
Conference Call Date: 10/22/2009
Conference Call Time (ET): 10:00 AM
Conference Call URL: http://www.vcall.com/CoLocated.asp?ID=151115&source=wshorizon&urlID=150889&playerID=1

The conference will be replayed in its entirety beginning at approximately 1:00 PM Eastern Time on October 22, 2009, through to 11:59 PM Eastern Time on October 29, 2009. If you wish to listen to the replay of this conference call, please dial 1-877-660-6853 (United States) or 1-201-612-7415 (International) and use Account #286, Conference #335225.

The conference call will also be simultaneously broadcast live over the Internet, as well as for replay, and can be accessed through the webcasts and presentations tab of the investor relations section of the Rodman & Renshaw Capital Group, Inc. website located at www.rodm.com. Please allow for some time following the completion of the conference call to access the archive of the Web cast.

Allow for time prior to the conference call Webcast to visit the web site and download the streaming media software required to listen to the Internet broadcast.

About Rodman & Renshaw Capital Group, Inc.

Rodman & Renshaw (NASDAQ: RODM) is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. The company also provides research and sales and trading services to institutional investors. Rodman is the leader in the PIPE (private investment in public equity) and RD (registered direct offering) transaction markets. Rodman has been ranked the #1 Placement Agent in terms of the aggregate number of PIPE and RD financing transactions completed every year since 2005 and 2009 year-to-date. For more information visit Rodman & Renshaw on the Internet at www.rodm.com.

MEMBER FINRA, SIPC

SOURCE: Rodman & Renshaw Capital Group, Inc.

Rodman & Renshaw Investor Relations 
Grayling 
Mr. Christopher Chu, 1-646-284-9400 (ext. 426) 
Rodman@us.grayling.com

Expected next investor conference call information:
Conference Call Date: 10/22/2009
Conference Call Time (ET): 10:00 AM
Conference Call URL: http://www.vcall.com/CoLocated.asp?ID=151115&source=wshorizon&urlID=150889&playerID=1