Central GoldTrust enters into U.S. $161.3 million underwriting agreement

TORONTO, ONTARIO–(Marketwire – Oct. 28, 2011) – Central GoldTrust (TSX:GTU.UN)(TSX:GTU.U)(NYSE Amex:GTU) of Ancaster, Ontario announced today that it has entered into an underwriting agreement with CIBC World Markets Inc., as lead underwriter, and Credit Suisse Securities (Canada), Inc. (the “Underwriters”), under which the Underwriters have agreed to buy and sell to the public in Canada (except Québec) and in the United States under the multijurisdictional disclosure system, 2,375,000 Units of Central GoldTrust. The Underwriters have been granted the right to increase the size of the offering (the “Right”) by up to an additional 300,000 Units, exercisable in whole or in part, at any point prior to 4:00 p.m. (EST) on October 28, 2011. The offering will be made under an initial prospectus supplement to Central GoldTrust’s US $1,000,000,000 base shelf prospectus dated October 11, 2011.