FOR:  CALEDONIA MINING CORP

TSX SYMBOL:  CAL
OTC Bulletin Board SYMBOL:  CALVF
AIM SYMBOL:  CMCL

August 12, 2008

Caledonia's Q2 2008 Results Conference Call

TORONTO, ONTARIO--(Marketwire - Aug. 12, 2008) - Caledonia Mining Corporation ("Caledonia")
(TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) will host a conference call on Monday August 18, 2008 at 10:00 hours
(EST) to discuss the second quarter 2008 results.

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Please dial-in 10 minutes beforehand and quote the conference ID number:
422896#

Canadian Toll-free Number(i):            +1 866 270 8076

USA Toll-free Number(i):                 +1 866 793 4279

UK Toll-free Number(i):             +44 (0) 800 358 2705

International Access Number:        +44 (0) 20 8609 0205

Canadian Toll Number:                    +1 514 315 1023

USA Toll Number:                         +1 703 621 9126

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(i)If you are calling from a mobile phone your provider may charge you when connected to the toll-free
numbers.

A recording of the conference call will be available on the website, www.caledoniamining.com from
Tuesday 19 August 2008.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Caledonia Mining
Stefan Hayden
President & CEO
+27 11 447 2499
Website: www.caledoniamining.com

OR

BuckBias
Alex Buck
+44 7932 740 452

OR

RBC Capital Markets
Martin Eales
+44 20 7029 7881

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Caledonia Mining Corp