Company Information for Caledonia Mining Corp

www.caledoniamining.com

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Company Statement

Canadian registered Caledonia is a mine, development and exploration company with assets in Africa. The Company’s current focus is its producing Blanket gold mine in Zimbabwe, development of the Nama cobalt project in Zambia and the Rooipoort platinum-nickel exploration project in South Africa.

As one of the world’s largest known primary cobalt oxide deposits, the Nama Project is Caledonia’s most exciting development project. The signing of the first cobalt offtake agreement with a large Chinese refiner will enable Nama to move into mine development, with first production targeted in early 2009. The deposit will be mined by open-pit and conventional cobalt extraction to produce a cobalt hydroxide.

The producing Blanket gold mine is currently completing an expansion to increase annual production to 40,000 ounces/year from 20,000 ounces/year.

The Rooipoort platinum-nickel exploration project is located on the Northern side of the Bushveld complex, about 300kms north of Johannesburg.

Caledonia has a strong, experienced management team and Board of Directors with diverse expertise in gold production, exploration, mine development, finance and marketing.

Current Operations

Nama Cobalt Project
Caledonia Nama Limited, a wholly owned subsidiary of Caledonia, holds five contiguous exploration licences in northern Zambia which host near–surface cobalt/copper mineralization. This area lies immediately north west of the operating Konkola Copper mine and adjoins the extensive holdings of Teal Mining and Exploration Limited. In November 2006 the Zambian authorities agreed to grant a Retention Licence to Caledonia Nama Limited in order to enable the Company to conclude the detailed evaluation of mineral resources outlined by earlier work. This Retention Licence covers an area of 80,625 hectares and is valid for two years.

Blanket Mine
Located in the southwestern end of Zimbabwe, Blanket Mine is a wholly Caledonia owned and operated property having been acquired from Kinross Gold Corporation in June 2006. The mine is 560 kms from Harare, the capital city and 150 kms from Bulawayo, the country’s second largest city. Gwanda town, the provincial capital of Matabeleland South, the province in which Blanket Mine is located, is 16 kms from the mine.

To date in excess of 1 million ounces of gold have been produced from the property. Blanket Mine currently mills 600TPD (tonnes per day) of underground ore.

Rooipoort Platinum Project
To date, the Company has drilled a total of 18,450 meters in 54 holes on the Rooipoort PGE/Ni/Cu Exploration Project. This drilling covers the full 6 km strike length that makes up the project area.

Falconbridge has drilled a total of 7,393 meters in 22 holes on the portions of Grasvally and the farms Jaagbaan and Moordrift that comprise most of the property purchased from Falconbridge.

Other Exploration
- Mulonga Plain
- Kadola Group of Licences
- Bubi Greenstone Belt
- Goedgevonden
- Kashiji Plain
- Kikerk Lake
- Barbrook Mines Limited
- Eersteling Gold Mining Company Limited
- Roodepoort

Geographical Spread

Zambia, Zimbabwe, South Africa

Board of Directors and Key Management

Directors
G. Rupert Pardoe	Chairman
Stefan E. Hayden	President and Chief Executive Officer
Steve Curtis	Vice President Finance, Chief Financial Officer
Carl R. Jonsson	Director and Company Secretary
James Johnstone	Director
Christopher Harvey	Director
Robert Liverant	Director
Robert Babensee	Non-executive Director

Management
Stefan E. Hayden	President and Chief Executive Officer
Steve Curtis	Vice President Finance, Chief Financial Officer
Dr. Trevor Pearton	Vice President, Exploration
Mark Learmonth	Vice President, Corporate Development and Investor Relations

Company Address

Suite 1201
67 Yonge Street
Toronto, Ontario, Canada M5E 1J8


Telephone:	+1 (416) 369 9835
Facsimile:	+1 (416) 369 0449
Email:	info[at]caledoniamining.com
Website:	http://www.caledoniamining.com

Additional Address/Key Contact

Corporate Offices
South Africa
Greenstone Management Services (Pty) Ltd.
P.O. Box 587
Johannesburg 2000
South Africa
Tel: +27 11 447 2499
Fax: +27 11 447 2554

Zambia
Caledonia Mining (Zambia) Limited
P.O. Box 36604
Lusaka Zambia
Tel: +260 1 29 1574
Fax: +260 1 29 2154

Zimbabwe
Caledonia Holdings Zimbabwe (Limited)
P.O. Box CY1277
Causeway
Harare
Zimbabwe
Tel: +2634 701 151/4
Fax: +2634 702 248

Capital

Common Shares: 500,169,280
Warrants: 12,300,000
Options: 35,080,000

Annual General Meeting

Toronto, Canada

Year End

31 December

Nominated Brokers

RBC Capital Markets

Nominated Advisors