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Caledonia Mining Announces the Commissioning
of the No. 4 Shaft Project

Toronto, Ontario - October 21, 2010: Caledonia Mining Corporation ("Caledonia") (TSX: CAL, NASDAQ-OTCBB: CALVF and AIM: CMCL)) is pleased to announce the commissioning of the underground installations relating to the No. 4 Shaft Project at the Blanket Gold Mine in Zimbabwe ("Blanket").

The underground crushing station and automated shaft-bottom loading system have been successfully commissioned. The commissioning of the shaft-bottom loading system removes the need to multiple-handle ore prior to it being hauled to surface, with a resultant improvement in efficiency and reduction in costs.

Blanket has now commenced the ramp-up in production to a target rate of 1,000 tonnes per day which is expected to yield approximately 40,000 ounces of gold per annum. This ramp-up is planned to be completed by the end of December 2010, but gold production will remain subject to the availability of sufficient electrical power which is essential if the metallurgical plant is to process this volume of ore.

Blanket has already installed and commissioned the additional rod-milling capacity to handle production at 1,000 tonnes per day.

In order to overcome the problem of power interruptions Blanket intends to install three more 2,500 kVA diesel-powered standby generators before the end of the year which will allow all underground and surface operations to continue during interruptions of the electricity supply.

Commenting on the culmination of this phase of the Project, Stefan Hayden, President and CEO, said "This is a very important milestone in the development of the Blanket Mine which was designed and completed in-house and within budget, thanks to the excellent work by the management teams and staff at both Caledonia and Blanket. I now look forward to Blanket achieving its target rate of production of 40,000 ounces of gold per annum before the end of the year."


For more information, please contact:

Mark Learmonth
Caledonia Mining
Tel: +27 11 447 2499		 Alex Buck
BuckBias
Tel: +44 7932 740 452		 Martin Eales
RBC Capital Markets
Tel: +44 (0)20 7029 7881


Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found at www.caledoniamining.com.



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Caledonia Mining Corporation
PRODUCER
CODE : CAL.TO
CUSIP : 12932K
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In the News and Medias of Caledonia Mining Corporation
4/21/2009Gold producers restart mining in Zimbabwe
Annual reports of Caledonia Mining Corporation
Caledonia's Q4 and Annual Results 2008 Conference Call
Fourth Quarter and 2008 Annual Results
announces its Fourth Quarter and 2007 Annual Results
2006 Annual Report
Financings of Caledonia Mining Corporation
7/31/2007EXTENDS 17,000,000 WARRANTS
Nominations of Caledonia Mining Corporation
1/25/2013Shareholders Approve the Reduction in Stated Capital and Sha...
5/29/2012[pressrelease] Caledonia Mining Appoints New Directors
5/29/2012Appoints New Directors
5/16/2012[pressrelease] Caledonia Mining Appoints New Director
4/19/2012Exercise of Options and Directors' Dealings
3/28/2008Announces the appointment of a new Director
2/15/2008Appoints Dr Trevor Pearton as Vice-President, Exploration
12/4/2007Appoints New Nominated Adviser
Financials of Caledonia Mining Corporation
8/14/2012Reports Second Quarter 2012 Operating and Financial Results ...
5/10/2012[pressrelease] Caledonia Mining First Quarter 2012 Operating...
4/5/2012Notice of Posting of Annual Financial Statements
6/29/2011Notice of Posting of Annual Financial Statements
5/19/2011[pressrelease] Caledonia Mining First Quarter 2011 Results
5/18/2011First Quarter 2011 Results
11/12/2010Caledonia Mining Announces Third Quarter 2010 Results
5/14/2010First Quarter 2010 Results
5/18/2009First Quarter 2009 Results
11/14/2008Announces Third Quarter 2008 Results
8/15/20082008 Second Quarter and Half Year Results
11/15/2007 Third Quarter 2007 Results
5/15/2007Announces its First Quarter 2007 Results
Project news of Caledonia Mining Corporation
11/14/2012Reports Record High Q3 2012 Production and Gross Profits
1/24/2011(Blanket)January 2011 Shareholder Update
10/21/2010(Blanket)Announces the Commissioning of the No. 4 Shaft Project
11/9/2009(Blanket)Blanket Mine Awarded Exporter of the Year
7/2/2009(Rooipoort)Mitsubishi Corporation Withdraws From Proposed Participation...
5/6/2009(Blanket)Blanket Mine Commences Production and Export of Gold
4/3/2009(Blanket)Imminent Resumption of Gold Mining at the Blanket Gold
10/2/2008(Nama) Awarded Mining Licences for Nama Cobalt Project
5/6/2008(Nama)Announces NI 43-101 Resource for Anomaly “D” and
4/7/2008(Barbrook)Signs Formal Agreements for Sale of Barbrook and Eersteling ...
3/4/2008(Eersteling)Accepts Offer of C$3.81 million for Eersteling Gold Mine
2/25/2008(Barbrook)Accepts Offer of R70 million for Barbrook Gold Mine
1/29/2008(Nama)Announces Cobalt Off-take Agreement with Large Chinese Refin...
8/14/2007(Blanket) Blanket Mine resumes underground operations after shaft exp...
5/8/2007(Nama)Announces the Phase 3 Drilling Program at the Nama Cobalt Pr...
Corporate news of Caledonia Mining Corporation
5/30/2013Director's Share Dealing
5/13/2013Q1 2013 Results and Confirmation of Annual General Meeting D...
5/13/2013Q1 2013 Results and Confirmation of Annual General Meeting D...
4/10/2013(Blanket)Blanket Mine First Quarter 2013 Production Update
4/4/2013Announcement of 2012 Dividend
3/28/2013Fourth Quarter and 2012 Annual Results; 2012 Gold Production...
3/14/2013Implementation of Share Consolidation
1/14/2013(Blanket)Blanket Mine Fourth Quarter 2012 Production Update
1/14/2013(Blanket)Blanket Mine Fourth Quarter 2012 Production Update
1/9/2013(Blanket)-Strategy Update: Blanket Mine Expects To Increase Gold Prod...
1/3/2013Confirms Distribution of Meeting Materials to Shareholders
11/19/2012Proposes Initial Dividend, Stated Capital Reduction, and a S...
10/9/2012(Blanket)Blanket Mine Third Quarter Production Update
9/24/2012(Nama)Status of the Nama Large Scale Mining Licences in Zambia
9/13/2012Grant of Options
8/12/20112011 Second Quarter and Half Year Results and Management Con...
5/30/2011(Blanket)Blanket Mine's 10 MVA Standby Generating Installation Commis...
3/31/20112010 Fourth Quarter and Annual Results and Management Confer...
12/10/2010Resignation of Chairman
4/20/2010Listen to the April 12th Conference Call
2/12/2010Website Update
2/12/2010Government of Zimbabwe sets out Regulations for Indigenisati...
9/4/2009Reduces Exercise Price of Outstanding Options
5/28/2009Report on 2009 Annual General Meeting and Shareholder Update
10/31/2008 Announces Board Changes
10/23/2008Update on Operations
6/30/2008 and Mitsubishi Corporation Sign Agreement on the Rooipoort ...
6/2/2008concludes the sale of the Barbrook
4/23/2008Grants an extension for the fulfilment of a suspensive condi...
4/14/2008Announces the Adoption of a Shareholder Rights Plan
3/25/2008 announces the signing of a fourth Cobalt Sales Agreement
3/11/2008Announces the signing of two further Cobalt Sales Agreements
1/31/2008 Signs Marketing Agreement with MRI Trading AG
1/2/2008Resignation of Roland Fasel as Caledonia Director
11/15/20063rd Quarter Results 2006
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