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Company Information for Caledon Resources Plc

AIM-CDN; ASX-CCD

www.caledonresources.com

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AIM; CDN

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ASX; CCD

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Company Statement

Caledon Resources plc is a dual listed company listed on the Alternative Investment Market of The London Stock Exchange and The Australian Securities Exchange (trading symbol: "AIM:CDN & ASX: CCD").

Caledon is a coking coal producer and explorer in the Bowen Basin of Queensland, Australia. It acquired the mothballed Cook Mine in late 2006 and has since recommissioned the operation and introduced an innovative new underground mining methodology. The Company also purchased the nearby Minyango exploration concessions in 2006 and has conducted a number of drilling programs in preparation for a feasibility study.

Current Operations

Caledon has two primary assets - the Cook Coal Mine and the adjacent Minyango Coal deposit.

Cook Coal Mine (Queensland, Australia)
Caledon acquired the Cook mine from Xstrata Coal Ltd in 2006 for AUS$45.6m.
The Cook mine comprises an underground coal mine (coking and thermal), with total JORC resource of 406 million tonnes of coal of which 176 million tonnes is in the measured and indicated category.

Production commenced Q1 2007 and for the year ended 2009, coal sales are expected to be in the range of 450-500,000 tonnes.

Caledon has introduced the highly efficient continuous mining technique. This is the first time continuous mining has been employed in Australia.

Minyango Coal deposit (Queensland, Australia)
Caledon acquired the adjacent undeveloped Minyango deposit for AUS$42 million in Q4 2007 from Watami Trading Ltd. Located 15km north from the Cook Mine, the Minyango deposit contains a JORC resource of 342 million tonnes.

Caledon is carrying out an infill drilling program at Minyango. The focus of this program is to improve the knowledge of coal quality, Resource definition, and gas content and drainage characteristics.

Five holes were drilled during the quarter for a total of 1,312 metres. Composite samples from these holes are being prepared for coke testing and the results are expected to be available late in the third quarter. The Bankable Feasibility Study is expected to take approximately one year, it has not commenced yet due to the status of the current strategic review process.

Bow Energy Ltd (ASX: 'BOW') is the holder of the ATP 1025P licence, which enables it to explore for coal seam gas over an area that includes Minyango. Caledon and Bow have entered into a data sharing arrangement whereby the results from Caledon's five holes and one of Bow's are shared. Under the arrangement Bow will also contribute to the cost of one of the Caledon holes.

Geographical Spread

Australia/Queensland-Cook Coal Mine, Minyango Coal deposit

Board of Directors and Key Management

Executive Directors
Mark Trevan	Managing Director
Peter Seear	Chief Operating Officer

Non-executive Directors
Graham Mascall	Non-executive Director
Nicholas Clarke	Non-Executive Director
George Salamis	Non-executive Officer
Stephen R. Dattels	Non-Executive Director
David de Jongh Weill	Non-Executive Director

Company Address

64 Knightsbridge
London, United Kingdom SW1X 7JF


Telephone:	+44 20 7590 3137
Email:	info[at]caledonresources.com
Website:	http://www.caledonresources.com

Additional Address/Key Contact

Australia Office
Level 2
87 Wickham Terrace
Brisbane
Queensland
Australia 4000

Tel: +61 7 3309 3100
Fax:+61 7 3831 0366

Mark Trevan – Managing Director
Email: mtrevan@caledon.com.au

Bruce Mallett – Commercial Manager
Email: bmallett@caledon.com.au

Shareholder Capital

Total number of shares in issue: 209,983,849

Annual General Meeting

July

Year End

31 December

Nominated Brokers

RBC Capital Markets
71 Queen Victoria Street
London
EC4V 4DE

Nominated Advisors