Drilling Report

Caledonia Mining Corporation
18 November 2005


                          CALEDONIA MINING CORPORATION

    2005 DRILLING PROGRAM COMPLETED ON CALEDONIA'S MULONGA PLAIN JOINT VENTURE

Toronto, Ontario - November 18, 2005: Caledonia Mining Corporation ('Caledonia')
(TSX: CAL, NASDAQ-OTCBB: CALVF, AIM: CMCL) and its joint venture partner Motapa
Diamonds Inc. ('Motapa') (TSX-V: MTP) announce completion of the 2005 drill
program on the Mulonga Plain joint venture in western Zambia.

Ten, out of an original 11, airborne gravity and magnetic targets were tested in
the program, one hole was abandoned due to poor drilling conditions. Basalt
basement was intersected in each of the holes at depths ranging from 87 meters
to 173 meters with no kimberlite intercepts reported from any of the holes.
Motapa has defined four prospective regions within the extensive Mulonga Plain
anomaly through prior heavy mineral sampling, airborne magnetics and
reconnaissance drilling. The 2005 drill program was designed to test the
easternmost of these prospective regions and followed on from completion and
interpretation of an airborne gravity survey in late 2004.

Core samples from this drill program are enroute to Cape Town for kimberlite
indicator mineral recovery and analysis. These results are anticipated in late
January 2006 and will be used to formulate plans for ongoing work on the
easternmost prospective region of the Mulonga Plain anomaly.

Commenting on the results, Motapa's CEO Dr. Larry Ott noted: 'The extensive
Mulonga Plain diamond and kimberlite indicator mineral anomaly remains highly
prospective for discovery. This program has provided an initial drill test of
one of four well defined indicator mineral dispersions. The remaining three
areas, in the central and western portions of the Mulonga Plain remain
essentially untested and results of this program should add considerably to our
understanding of kimberlite indicator mineral dispersion within the Mulonga
Plain and better constrain likely source kimberlite areas.'

In western Zambia, Caledonia has a 40% interest in three prospecting licenses
covering approximately 3.3 million hectares. These licenses collectively make up
the Mulonga Plain Joint Venture. Motapa is the joint venture partner and
operator on the property. Motapa has rights to earn an additional 15%
participating interest by continuing to fund Caledonia's share through to
completion of a feasibility study.

Maps showing the location of the property are available on the Caledonia website
at: www.caledoniamining.com.

For more information, please contact:

Stefan Hayden                                     Alex Buck / Nick Bias
President and CEO, Caledonia Mining               buck-bias
Tel: [phone]                              Tel: [phone]


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