Caledonia stakes more claims near copper discovery.

TORONTO--(BUSINESS WIRE)--Nov. 17, 1995--Caledonia Mining Corp. of Toronto (TSE:CAL,NASDAQ:CALVF) is pleased to announce that the Corporation has staked 67 claims covering 173,000 acres immediately adjacent to the Corporations Hunter West claims in the Kikerk Lake area of the Northwest Territories.

The claims are considered prospective for base metal exploration and are adjacent to the Corporation's Hunter West claims in which till samples revealed anomalous cobalt, nickel, copper, lead and zinc values.

The claims have been named the "Jello" claims and are in the vicinity of the Corporation's "Skyona" copper discovery and the Rhonda/Noranda Epworth copper project. Caledonia is planning an exploration program for the "Jello" claims and the "Skyona" copper discovery during 1996.

CONTACT: Caledonia Mining Corp.

R.J. Fiorini, President & CEO

Canada

TEL: [phone]

FAX: [phone]

or

W.G. MacLeod, Vice-President

Canada

TEL: [phone]

FAX. [phone]

or

D.S. MacLeod, Chairman

Scotland

TEL: [phone]

FAX: [phone]