Central GoldTrust Announces Adoption of Advance Notice Rule

TORONTO, ONTARIO--(Marketwired - March 31, 2015) - Central GoldTrust ("CGT" or the "Trust") (TSX:GTU.UN)(TSX:GTU.U)(NYSE MKT:GTU) (Cdn.$)/(U.S.$)/(U.S.$) announced today that the trustees of CGT have adopted an advance notice rule (the "Advance Notice Rule" or the "Rule").

The purpose of the Advance Notice Rule is to provide Unitholders with a clear framework for nominating trustees. The trustees believe adoption of the Rule is in the best interests of the Trust and all Unitholders to facilitate orderly and efficient meetings of the Unitholders of the Trust. The Advance Notice Rule seeks to ensure that all Unitholders receive adequate notice of trustee nominations, and sufficient information regarding all nominees to allow for informed choice.

The Advance Notice Rule, among other things, includes a provision that requires advance notice to the Trust in certain circumstances where nominations of persons for election to the board of trustees are made by Unitholders of the Trust. The Rule fixes a deadline by which trustee nominations must be submitted to the Trust prior to any meeting of Unitholders and sets out the information that must be included in the notice to the Trust. No person will be eligible for election as a trustee of the Trust unless nominated in accordance with the Rule.

The Advance Notice Rule provides that:

• in the case of the Annual and Special Meeting of Unitholders scheduled to take place on May 1, 2015 (the "2015 Meeting"), notice to the Trust must be provided not later than April 10, 2015, being the tenth day following the date on which adoption of the Rule is publicly announced; and
• for all subsequent annual meetings of Unitholders, notice to the Trust must be made not less than 30 days and not more than 65 days prior to the date of the annual meeting; provided, however, that, in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of Unitholders called for the purpose of electing trustees (whether or not called for other purposes), notice to the Trust must be made not later than the close of business on the tenth day following the day on which the first public announcement of the date of the special meeting was made.