Directorate Change

2 Jan 2008 14:00

Caledonia Mining Corporation02 January 2008 Toronto, Ontario - January 2, 2008: Caledonia Mining Corporation ("Caledonia")(TSX: CAL, NASDAQ-OTCBB: CALVF and AIM:CMCL) wishes to announce the resignationof Roland Fasel, of Geneva, Switzerland, as a Director of the Company - forpersonal reasons - effective December 31, 2007. Caledonia's Board andManagement acknowledge and thank Mr. Fasel for his contributions to Caledoniaduring his time as a Director. For more information, please contact: Stefan Hayden Alex Buck Andrew Smith/ Johanna VirtanenPresident & CEOCaledonia Mining BuckBias RBC Capital MarketsTel: +27 11 447 2499 Tel: +44 7932 740 452 Tel: +44 (0)20 7029 7882 Further information regarding Caledonia's exploration activities and operationsalong with its latest financials may be found at www.caledoniamining.com. This information is provided by RNS The company news service from the London Stock Exchange