Caledonia Mining Corporation (TSE:CAL)

[NYBob]

Caledonia Mining moves to the OTCQX -

http://www.caledoniamining.com/pdfs/10172011.pdf

Toronto, Ontario – October 17, 2011:

Caledonia Mining Corporation (“Caledonia”)
(TSX: CAL, OTCQX: CALVF, AIM: CMCL) is pleased to announce
the commencement of trading in its shares this morning on
the OTCQX International, the premier tier of the
US Over-the-Counter (OTC) market.

Collins Stewart LLC will serve as Caledonia’s Principal American
Liaison ("PAL") on OTCQX, responsible for providing guidance on
OTCQX requirements and US
securities laws.

Commenting on this news, Stefan Hayden, Caledonia’s Chief
Executive said:
“"We are very pleased to be a part of OTCQX and believe trading
on the highest tier of the OTC will provide Caledonia with
enhanced market access to a larger spread of institutional
investors and with improved liquidity.
We are confident that the move to the more transparent,
premier tier OTCQX market will provide the United States
investment community with improved access to Caledonia."

About OTCQX: The OTCQX marketplace is the premier tier of the US
Over-theCounter market.
Investor-focused companies use the quality-controlled OTCQX
platform to offer investors transparent trading, superior
information, and easy access
through their regulated U.S. broker-dealers.
The innovative OTCQX platform offers companies and their
shareholders a level of marketplace services formerly available
only on a U.S. exchange.

For more information about OTCQX, visit
http://www.otcqx.com

Investors can find current financial disclosure and Real-Time Level 2 quotes for
Caledonia on
http://www.otcqx.com
and
http://www.otcmarkets.com
Implications for Investors who previously traded on the OTCBB:
Those Caledonia shares previously traded on the OTCBB
will continue to be freely tradable
on the OTCQX.

About Collins Stewart LLC:
Collins Stewart LLC is a subsidiary of Collins Stewart
Hawkpoint plc, a leading independent financial advisory group and
parent company of Collins Stewart Europe Limited,
Caledonia’s nominated adviser and broker in London.
Collins Stewart LLC is a market maker in over 500 stocks and is
one of the leading
market makers on the OTCQX.

For more information, please contact:
Caledonia Mining Corporation

http://www.caledoniamining.com

Collins Stewart Europe Limited
Mark Learmonth John Prior / Sebastian Jones
Tel: + 27 11 447 2499 Tel: + 44 20 7523 8350
[e-mail]
Renmark Financial Communications Inc Collins Stewart LLC
John Boidman or Dustin Buenaventura
Tel: [phone] or [phone]
[e-mail]
Dan Mintz
Tel: [phone]
[e-mail]
[e-mail]
----

Caledonia Mining Corporation is a well diversified company -



The Blanket Gold Mine located in Zim have many advantages

CALVF GOLD's low cost of Gold $585.0 per ounce for the production leader -

CALVF's BLANKET GOLD MINE Production Au 40,000 oz/year -

http://www.caledoniamining.com/pdfs/CALPres05262011.pdf
http://www.caledoniamining.com/pdfs/CALPres05192011.pdf
http://www.caledoniamining.com/blanket2test2.php
http://www.caledoniamining.com/blanket3test2.php

CALVF's A target production rate of 100,000 oz per annum -

http://www.caledoniamining.com/blanket4test2.php

CALEDONIA MINING CORP. A Profitable Gold Miner!
(CAL:TSE) (CALVF:US) (AIM,LONDON:CMCL)

http://www.caledoniamining.com/blanket.php

CAL Production Cost Au US$585.0 per ounce -

CAL has 800+ mine workers and located 268 old Gold Mines
workings on the 100% owned large Blanket Gold Mines Property -

Gold Mines Producers to Fly HIGH -



CALVF from pennies to above $6.-/sh -
twice before - top trend line > $6.-/sh est.
CALVF 3rd time run UP GO>GO

CALVF drilling on NAMA, drilling results out soon -
world class cobalt-copper-belt type mineralization -

http://www.caledoniamining.com/nam1.php

CALVF has some advantages with comparison to USA and Canada -
e.g., low taxes;
Corporate Income tax at 25% -
lower labour cost but a happy work force -
Indigenisation program Mugabe talked about for 20 years -
but the leading Peoples opposition don't want -
year 2015 is a deadline -
self declared king pin Mugabe 88yrs old is sadly in serious
cancer sickness -
Blanket Gold Mines Project -
the capacity of the secondary and tertiary crushers was increased
to over 2,000 tpd and the capacity of the rod mills was
increased to 1,800 tpd.
The product from the regrind mill is pumped into a carbon
in leach ("CIL") plant consisting of eight, 600 cubic meter
leach tanks equipped with 45 kW agitators where leaching
at 50% solids and simultaneous adsorption of dissolved gold
onto activated carbon takes place.
The CIL plant has a design capacity of 3,800 tonnes of milled ore
per day.
Elution of the gold from the loaded carbon and electro winning
is done on site.
Gold is deposited onto wire wool cathodes, the loaded cathodes
are acid-digested and the resultant gold solids are smelted
to produce gold bullion of approximately 90% purity, prior
to Blanket exporting it directly to Rand Refinery in South Africa
for final refining and sale.
The full proceeds of sale (i.e. before payment of any royalty)
are paid to Blanket's foreign currency account with a commercial
bank within approximately 7 days of receipt of the gold by Rand
Refineries.
http://www.caledoniamining.com/blanket3test2.php



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God Bless