Company Information for Caledon Resources Plc

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Company Statement

Caledon Resources plc is a public Company listed on the Alternative Investment Market of The London Stock Exchange (trading symbol: "CDN").

The Company is incorporated in England & Wales and was originally incorporated in 2000, and in 2003 commenced the exploration of precious metals in China.

However 2006 marked an exciting year when the Company transformed from gold explorer to coal producer following the acquisition of the Cook Colliery and related mining operations in Australia, from Xstrata Coal Pty Ltd.

Since then the Company has acquired the adjacent Minyango project, an area situated in a region of strategic importance within the Bowen Basin, surrounded by some of Queensland’s premier coking and thermal coal mining operations.

The Company is now primarily focused on mining coking coal in Queensland.

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 Q$ 2006 for AUS$45.6m. The Cook mine comprises an underground coal mine (coking and thermal), with a JORC measured and indicated resource of 126 million tonnes of coal and more than 17 million tonnes of mineable reserve.

Production commenced Q1 2007 at the rate of 50,000 tonnes per month which will rise to a target level of 100,000 tonnes over the course of the year as Caledon begins to introduce the highly efficient continuous mining technique. This will be the first time continuous mining has been employed in Australia and production is expected to increase at Cook to an annualised rate of 1.5 million tonnes per annum in 2008.

An independent competent persons report indicates strong economics: Pre-tax Net Present Value of $US256 million using a 10% discount rate and expected cash flows of $US30 - 67 million.

Xstrata Coal Pty are the exclusive agent to market and sell Cook coal produced by Caledon until December 2008.

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 240 million tonnes.

Caledon is undertaking an exploration programme at Minyango with the goal of converting resources to reserves and an ultimate aim of increasing Caledon's production in the near-term.

Geographical Spread

Australia/Queensland-Cook Coal Mine, Minyango Coal deposit

Board of Directors and Key Management

Robert Alford	Executive Chairman
Mark Trevan	Managing Director
Peter Seear	Chief Operating Officer
Paul Ingram	Executive Director
Graham Mascall	Non-executive Director
Nick Clarke	Non-executive Director
George Salamis	Non-executive Director
Jeremy Gorman	Company Secretary

Company Address 18 Upper Brook Street London, United Kingdom W1K 7PU Telephone: +44 207 318 5780 Facsimile: +44 207 318 5781 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 North American Office 410-1111 Melville Street Vancouver, British Columbia V6E 3V6 Canada Tel:  +1 604 647 2288        Fax: +1 604 484 3559  George Salamis - CEO Email: gsalamis@caledonresources.com

Annual General Meeting July

Year End 31 December

Nominated Brokers Canaccord Adams (Europe) Limited Cardinal Place 80 Victoria Place London SW1E 5JL

Nominated Advisors Canaccord Adams (Europe) Limited Cardinal Place 80 Victoria Place London SW1E 5JL

Broker/Analyst Reports

21/03/07 - Canaccord Adams

Major Shareholders

Company	Number of Ordinary Shares held	Ordinary Shares as % of issued share capital
Watami Trading	12,546,175	8.13
Gartmore Investment Management	9,448,594	6.12
UBS Global Asset Management	9,364,488	6.07
JP Morgan Fleming Asset Management	8,800,000	5.70
US Global Investors	7,149,500	4.63
AXA Framlington	6,875,000	4.45
Hermes Pensions Management	6,250,000	4.05
Capital Research & Management Co	5,300,000	3.43

Related News

13/03/08 - Polo And Caledon Dance Around The Ring
30/01/08 - Caledon Starts Continuous Mining, and Begins to Escape from Purgatory
05/09/07 - Caledon Ships Its First Load Of Coking Coal From The Cook Mine
19/02/07 - Caledon’s Coking Coal at Cook Comes Via A Complicated Deal

Most Recent Statement

02/07/08 - Minyango Resource Update
23/05/08 - Caledon Closes ASX Public Offer Early
15/02/08 - Caledon seeks Secondary Australian listing
30/01/08 - Operational Update - Cook Coal Mine
03/12/07 - Caledon Resources plc announces the first cutting of coal with the new ABM25 Continuous Miner at its 100% owned Cook Coal Mine, Australia
04/10/07 - Cook Mine - Resource Update