RNS Number:4939P
Caledon Resources PLC
08 September 2003


               Caledon Resources Plc ("Caledon" or the "Company")


                                Issue of equity





Caledon is pleased to announce that it has placed 4,000,000 new ordinary shares
of 0.1p each at 5 pence per share with an institutional investor, raising
approximately #200,000. This issue of shares represents 2.0 per cent of the
enlarged issued share capital and brings the total of recent funds raised to
approximately #800,000.


Application will be made for the 4,000,000 ordinary shares the subject of the
placing, which will rank pari passu with the existing ordinary shares, to be
admitted to trading on the Alternative Investment Market. Admission will become
effective and dealings are expected to commence at 8.00 am on 11 September 2003.



Enquiries

Caledon Resources Plc:                               Tel: 020 7318 5780

Stephen R Dattels, Executive Chairman
Donal Douglas, Investor Relations








                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
IOEILFVIATITIIV