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Caledonia Mining Corporation: Fasel Resigns as Director.

TORONTO, ONTARIO, Jan 2, 2008 (Marketwire via COMTEX) -- Caledonia Mining Corporation ("Caledonia") (TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) wishes to announce the resignation of Roland Fasel, of Geneva, Switzerland, as a Director of the Company - for personal reasons - effective December 31, 2007. Caledonia's Board and Management acknowledge and thank Mr. Fasel for his contributions to Caledonia during his time as a Director.

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