Caldera Receives TSX-V Approval of Closing and Updates JV Status

MONTREAL, Oct. 19 /CNW Telbec/ - Caldera Resources Inc. (tsx-v:CDR.v) (the"Company" or "Caldera") announced that it received final approval from the TSX Venture Exchange for its private placement, announced on October 13, 2010.

Bill Mavridis, President and CEO of Caldera announced: "We are very pleased with the support we have received from the marketplace. The proceeds of $2,181,000 from this financing, will be used to start our drilling program, which we hope to commence by November this year. We expect to have updates on the project later this week."

On other news, it was brought to our attention that our JV partner on the Marjan Project, Global Gold Corporation issued a press release yesterday making certain erroneous comments in relation to the Joint Venture. There is no provision in the Joint Venture Agreement for what Global is purporting to do. Caldera is working diligently, along with its representatives in Armenia, to continue to ensure that the record is clear and factual and that all of its rights as Operator of the Joint Venture are preserved.

Caldera confirms it received a letter from the Chief of Staff of the Ministry of Energy and Natural Resources ("MENR"), dated October 11, 2010, that the license is in order. Caldera has also been advised on October 18, 2010, by its representatives in Armenia, that they received a letter dated October 13, 2010 from the Ministry of Energy and Natural Resources advising of certain deficiencies, which occurred under the tenure of Global Gold; this letter is not a termination notice. We are currently taking all the necessary steps to address the deficiencies and, from the feedback we have received, we are confident that they will be settled. Caldera's management and board stand behind their press release dated October 12, 2010 (http://www.newswire.ca/en/releases/archive/October2010/12/c9659.html).

Caldera confirms that it is the Operator of the Marjan Project and actively working towards the succes of the project.

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.

Cautionary Statement

Any 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.

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