Central GoldTrust Announces Proposed Offering

Central GoldTrust (TSX:GTU.U - News)(TSX:GTU.UN - News)(AMEX:GTU - News) of Ancaster, Ontario announced today that it plans to offer Units of Central GoldTrust to the public in Canada (except Quebec) and in the United States under its existing U.S.$800,000,000 base shelf prospectus dated June 8, 2009 and filed with the securities commissions in each of the provinces and territories of Canada, except Quebec, and under the multijurisdictional disclosure system in the United States pursuant to a proposed underwritten offering by CIBC. Central GoldTrust will only proceed with the offering if it is non-dilutive to the net asset value of the Units owned by the existing Unitholders of Central GoldTrust.