Company Information for Caledon Resources Plc

AIM-CDN

www.caledonresources.com

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AIM; CDN

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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

Capital

Total number of shares in issue: 154,362,466

Annual General Meeting

July

Year End

31 December

Nominated Brokers

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

Nominated Advisors