Caldera Private Placement Oversubscribed

MONTREAL, Oct. 13 /CNW Telbec/ - Caldera Resources Inc. ("Caldera" or the "Company", tsx-v: CDR.v) announces that it has closed its private placement and has received gross proceeds of $2,181,000. A total of 21,810,000 common shares were issued in relation to this financing; warrants were not offered to subscribers. Post financing, the Company will have issued and outstanding 49,143,369 common shares. Insiders subscribed for $510,000 of the private placement. All common shares issued are subject to a 4 month hold.

Pinetree Resource Partnership LP and Sprott Asset Management LP, on behalf of certain funds and managed accounts, participated in this private placement. This is Pinetree's third investment round in Caldera. The purchase of common shares by both institutional investors is for investment purposes only.

The proceeds from the private placement will be used primarily to pay for the Company's anticipated drilling program on the Marjan Project Gold and Silver project, located in the Republic of Armenia.

Caldera will also pay to arm's length parties, finders fees totaling $118,200 and 1,344,000 broker warrants. Each broker warrant can be exchanged for 1 common share of Caldera at a price of $0.10 per common share; the broker warrants expire 12 months from issuance.

Caldera has received conditional acceptance for the financing from the TSX Venture exchange.

About Caldera Resources Inc.

Caldera is engaged in advancing its gold project in the Republic of Armenia. Caldera holds a 55% interest in the Marjan Gold-Silver project with a clear path to acquire 100% of the project.

You can learn more about the Company's projects by watching recent interviews on our website www.calderaresources.com.

Recent Exploration Results

On August 17, 2010 Caldera announced results of its initial trenching program. Of note, Trench 2 returned a grade of 17.20 g/t Gold and 344.0 g/t Silver over 3.2 meters. Including a 0.8 meter interval grading 51.3 g/t gold and 627 g/t of silver. These values contribute to the validity of the Soviet-era geological model of the Marjan project.

Additional samples have been received from Armenia and results will be published as they become available.

Qualified Person

Mr. Jim Steel, MBA, P.Geo., Vice-President, Mining and Development for the Company, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of NI 43-101.

Historical Soviet-era Resources at the Marjan Gold and Silver Project

The Central Zone of the Marjan Project was extensively explored between 1964 and 1989, and has Soviet-era GKZ standard resources as outlined below:

    
    Historical Resources
    Marjan Central
    Zone only              tonnes     Gold      Silver    Gold oz   Silver oz
    -------------------  ---------  --------  ----------  -------  ----------
    C1 and C2 resources  4,772,757  2.64 g/t   92.67 g/t  405,147  14,211,588
    P1 resources         3,211,843  2.35 g/t   93.42 g/t  242,696   9,647,922
    

The Northern Zone was explored between 1991 and 1992 by the Sissian Geological Exploration Group, and published by the State Committee for Reserves of Armenia, Yerevan, has historical Soviet-era GKZ standard resource, as follows:

    
    Historical Resources
    Marjan Central
    Zone only              tonnes     Gold      Silver    Gold oz   Silver oz
    -------------------  ---------  --------  ----------  -------  ----------
    P1 resources             5.77M  2.18 g/t  148.46 g/t  404,456  27,543,865
    

The total C1 and C2 historical resources of the Marjan project outlined above are equal to 405,147 oz of Gold and 14.2M oz of Silver. The total P1 historical resources of the Marjan project are equal to 647,152 oz of Gold and 37.1M oz of Silver.

Mr. Ricardo Valls, P.Geo., independent geologist for Caldera reviewed the Marjan Gold-Silver Project. The NI 43-101 Technical Report on the project was filed on SEDAR on June 17, 2010 and can also be viewed on our website at www.calderaresources.com .

Cautionary Statement

The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Former Soviet country estimates are presented for historical reporting and to provide a basis for assessing Caldera's choices for its business activities. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources and the historical estimate should not be relied upon or understood to indicate the existence of reserves or resources.

Additional information related to the Corporation is filed electronically on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.

%SEDAR: 00004575E

For further information: Bill Mavridis, President and CEO, Caldera Resources Inc., Direct Line: 514-813-9200, e-mail: [email protected]