Company Information for Caledonia Mining Corp

www.caledoniamining.com

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Company Statement

Caledonia is an African focused mining company with an exciting cobalt development project in Zambia, a gold mine in Zimbabwe and a platinum-nickel exploration project in South Africa.

Caledonia is listed on the TSX (CAL), AIM (CMCL) and the NASDAQ-OTCBB (CALVF).

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

Rupert Pardoe	Chairman
Stefan Hayden	President and Chief Executive Officer
Steve Curtis	Vice President Finance and Chief Financial Officer
Mark Learmonth	Vice President, Corporate Development and Investor Relations
James Johnstone	B.Sc., ARCST, P.Eng. - Director
Chris Harvey	LRIC, HNC (Chem.) - Director
Carl R. Jonsson	LLB - Director and Company Secretary
Robert Liverant	Director

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

Capital

Common Shares: 457,981,021
Warrants: 85,115,885
Options: 17,288,000

Annual General Meeting

Toronto, Canada

Year End

31 December

Nominated Brokers

RBC Capital Markets

Nominated Advisors