Caledonia Announces Board and Management Appoin...

FOR:  CALEDONIA MINING CORPORATION

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

July 29, 2008

Caledonia Announces Board and Management Appointments

TORONTO, ONTARIO--(Marketwire - July 29, 2008) - Caledonia Mining Corporation ("Caledonia")
(TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) is pleased to announce with immediate effect the appointment of Steve Curtis,
Vice President Finance and Chief Financial Officer to the Board of Caledonia, and the appointment of Mark
Learmonth as Vice President, Corporate Development and Investor Relations.

Steve Curtis (51) joined Caledonia in April 2006 as Vice President Finance and Chief Financial Officer and has
been intimately involved in all aspects of Caledonia's operations. Further information concerning Mr. Curtis as
required to be disclosed pursuant to Schedule Two, paragraph (g) (i) to (viii) of the AIM Rules is to be found
at the end of this announcement.

Prior to joining Caledonia, Mr Learmonth was a Division Director of Investment Banking at Macquarie First South
in South Africa, and has over 17 years experience in corporate finance and investment banking, predominantly in
the resources sector.

Commenting on the appointments, Stefan Hayden, President and CEO of Caledonia, said "Caledonia is entering a
new phase of its corporate history as we prioritise the development of our exciting Nama cobalt project. The
appointment of Steve further strengthens our Board, and the appointment of Mark as Vice President of Corporate
Development and Investor Relations will be a valuable addition to the management team. With over 17 years of
investment banking experience, I believe Mark will make an important contribution in broadening Caledonia's
market presence and more specifically in the short term, working to ensure that the funding for Nama is on the
most appropriate terms."

Further information concerning Mr. Curtis

Current Directorships

St Audely Baker Street Association, a not for profit community security company.

Previous directorships in the last 5 years

None other than as above.

There are no further details for Mr Curtis required to be disclosed pursuant to Schedule Two, paragraph (g) (i)
to (viii) of the AIM Rules.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Caledonia Mining Corporation
Stefan Hayden
President & CEO
[phone]
Website: www.caledoniamining.com

OR

BuckBias
Alex Buck
[phone]

OR

RBC Capital Markets
Martin Eales
[phone]

Caledonia Mining Corp