Caledonia Mining Appoints New Director
TORONTO, ONTARIO -- (Marketwire) -- 05/15/12 -- Caledonia Mining Corporation ("Caledonia") (TSX: CAL)(OTCQX: CALVF)(AIM: CMCL) is pleased to announce the appointment of Mr. Richard Patricio as a Non-Executive Director of Caledonia with immediate effect.
Mr. Patricio is Vice President Legal and Corporate Affairs at Pinetree Capital ("Pinetree"), a Toronto-based resource-specialist investor and long-standing shareholder in Caledonia. As at May 14, 2012, Pinetree held interests amounting to approximately 10.1% of the issued share capital of the Company.
Mr. Patricio currently holds directorships with several Canada-based resource companies and previously practiced law at Oslers LLP in Toronto and worked as in-house General Counsel for Teknion Corporation. Mr. Patricio is a lawyer qualified to practice in the Province of Ontario.
Commenting on Mr Patricio's appointment, Stefan Hayden, Caledonia's President and Chief Executive Officer, said: "I am delighted to welcome Richard to Caledonia. I am confident that his perspective and experience will be a valuable addition to the board."
Further information on Richard J. Patricio (38 years old):
Mr. Patricio is currently a director of the following companies:
-- X-Terra Resources Corporation
-- Dejour Energy Inc.
-- U308 Corp.
-- Mega Precious Metals Inc.
-- Terreno Resources Corp.
-- Mooncor Oil & Gas Corp.
-- Energy Fuels Inc.
Within the last 5 years, Mr. Patricio has been a director of the following
companies:
-- Quetzal Energy Ltd.
-- Titan Uranium Inc.
Save as set out in this announcement, there are no further matters to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Further information regarding Caledonia's exploration activities and operations along with its latest financials and Management Discussion and Analysis may be found at www.caledoniamining.com.
Contacts:
Caledonia Mining Corporation
Mark Learmonth
+ 27 11 447 2499
marklearmonth@caledoniamining.com
www.caledoniamining.com
Canaccord Genuity Limited
John Prior / Sebastian Jones
+ 44 20 7523 8350
Newgate Threadneedle
Josh Royston / Beth Harris / Terry Garrett
+44 20 7653 9850
CHF Investor Relations
Stephanie Fitzgerald
+1 416 868 1079 x 222
stephanie@chfir.com