Caledonia Mining Corporation (CMCL)

[NYBob]

Caledonia Declares Fourth Quarterly Dividend -
TORONTO, ONTARIO--(Marketwired - Oct. 7, 2014) -

Further to the November 25, 2013 announcement in respect of

Caledonia Mining Corporation's
("Caledonia" or the "Company") (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL)

quarterly dividend policy, Caledonia is pleased to announce that
the Board of Directors has declared Dividend Number 6, this being a
dividend of one and one half Canadian cents ($0.015) on each of the
Company's common shares issued and outstanding as of 5:00 p.m. Toronto
local time on the Record Date, being October 17, 2014.

The ex-dividend date will be October 16, 2014.

Dividend cheques will be mailed on October 31, 2014.

Shareholders who are registered in the United States of America and
the United Kingdom will be paid in US Dollar and Sterling, respectively.

The US Dollar and Sterling dividend payments will be calculated using the
relevant Bank of Canada exchange rates at noon on the Record Date and
will be after deduction of Canadian withholding tax and any other taxes
that may apply.

This dividend is an eligible dividend for the purposes of
the Income Tax Act (Canada).

Caledonia's Dividend Policy

Caledonia's long term strategy to maximize shareholder value includes a
quarterly dividend policy.

In 2014, the Company paid an annual aggregate dividend of six Canadian
cents ($0.060) per common share.

The first quarterly dividend was paid on January 31, 2014 and subsequent
quarterly dividends were paid at the end of April and July 2014.

It is currently envisaged that the existing dividend policy of
6 cents per annum, paid in equal quarterly instalments will be
maintained in 2015.

Caledonia will continue to maintain its strong financial position so that
it can implement its stated growth strategy and retain the flexibility to
take advantage of any suitable opportunities that may arise without
the need to raise third party finance.

About Caledonia Mining

Caledonia is a mining, exploration and development company focused
on Southern Africa.

Following the implementation of indigenisation in Zimbabwe,
Caledonia's primary asset is a 49% interest in an operating gold mine
in Zimbabwe ("Blanket").

Caledonia's shares are listed in Canada on the Toronto Stock Exchange
as "CAL", on London's AIM as "CMCL" and are also traded on
the American OTCQX as "CALVF".

Caledonia is debt-free and at June 30, 2014 had
cash of $25.8m held with its bankers in the UK, Canada and South Africa.

Blanket mine is a low-cost producer: in the six months ended June 30, 2014,
Blanket's on-mine costs were US$638 per ounce of gold produced and
its all-in sustaining cost was US$903 per ounce of gold produced.

Cautionary Note Concerning Forward-Looking Information

Information and statements contained in this news release that are --- as a
result of new information, future events or other such factors which
affect this information, except as required by law. There is no guarantee
that Caledonia will maintain the Dividend Policy.

Caledonia Mining Corporation
Mark Learmonth
[phone]
[e-mail]

http://www.caledoniamining.com

Numis
John Prior/Jamie Loughborough/James Black
[phone]

BlytheWeigh
Tim Blythe/Halimah Hussain/Camilla Horsfall
[phone]

WH Ireland
Adrian Hadden/Nick Field
[phone]

http://web.tmxmoney.com/article.php?newsid=70728330&qm_symbol=CAL

Gold made a triple bottom - its very bullish -





http://www.Harveyorgan.blogspot.com

Caledonia Mining - Commodity-TV: Company Presentation -

https://www.youtube.com/watch?v=JyzXhPD2Itc

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105715045


God Bless