Caledonia Mining Corporation ("Caledonia") (TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) is pleased to announce that the sale of Barbrook Mines Limited, in South Africa, to Eastern Goldfields SA (Pty) Ltd was concluded on May 30, 2008 and that Caledonia has received approximately C$9.3 million in full settlement of the sale price.

Caledonia Mining Corporation ("Caledonia") (TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) announces that Eastern Goldfields SA (Proprietary) Limited ("Eastern") has requested that the date for the fulfilment of the final suspensive conditions be extended to May 31, 2008.

Caledonia Mining Corporation ("Caledonia") (TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) wishes to announce the resignation of Roland Fasel, of Geneva, Switzerland, as a Director of the Company - for personal reasons - effective December 31, 2007. Caledonia's Board and Management acknowledge and thank Mr.

Caledonia Mining Corporation ("Caledonia") (TSX: CAL)(OTCBB: CALVF)(AIM: CMCL) announces that it has changed its Nominated Adviser and Broker, under the AIM Rules, from Seymour Pierce to RBC Capital Markets, with immediate effect.

By COLIN PERKEL TORONTO (CP) - Long-simmering ten