Caledonia Grants an Extension for the Fulfilmen...

FOR:  CALEDONIA MINING CORPORATION

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

April 23, 2008

Caledonia Grants an Extension for the Fulfilment of a Suspensive Condition of the Barbrook Sale Agreement

TORONTO, ONTARIO--(Marketwire - April 23, 2008) - 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.

As announced in the press release on February 25, 2008 all the suspensive conditions of the sale agreement were
to be met within 60 days of acceptance of the offer to purchase. All suspensive conditions, apart from one, had
been met by April 21, 2008.

Caledonia, as requested, has granted an extension to Eastern for the fulfillment of the final suspensive
condition and Eastern paid Caledonia a SAR 5 million (C$ 659,850) installment towards the purchase price on
April 21, 2008. This installment will be non-refundable in the event the final suspensive condition is not
fulfilled.

FOR FURTHER INFORMATION PLEASE CONTACT:

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

OR

BuckBias
Alex Buck
[phone]

OR

RBC Capital Markets
Martin Eales
[phone]

Caledonia Mining Corporation