News Column

Caledonia Mining Corporation: Major Shareholder Notification

May 5, 2014

TORONTO, ONTARIO--(Marketwired - May 6, 2014) - Caledonia Mining Corporation (the "Company") (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) announces that it received notification on May 5 2014, that mutual funds managed by Allan Gray, a South African investment trust/fund manager are now interested in 6,382,500 ordinary shares of the Company, representing 12.25 per cent of the current issued share capital of the Company.

Caledonia has also received notification that Pinetree Capital Ltd, which previously owned 5,026,300 ordinary shares of the Company, representing 10.04 per cent of the issued share capital of the Company, no longer has any interest in the Company's shares.

FOR FURTHER INFORMATION PLEASE CONTACT: Caledonia Mining CorporationMark Learmonth +27 11 447 2499


John Prior / Jamie Loughborough / James Black +44 20 7260 1000 Blytheweigh Tim Blythe / Halimah Hussain +44 20 7138 3204 WH Ireland Adrian Hadden / Nick Field +44 20 7220 1751 Source: Caledonia Mining Corporation

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Source: Marketwire (Canada)

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