Caldera Shareholders approve Share Consolidation

    
    Symbol:
    TSX-V: CDR
    

MONTREAL , Dec. 23 /CNW Telbec/ - Caldera Resources Inc. would like to announce that the Annual General and Special Meeting of the Shareholders of the Corporation was held this morning at the office of the Corporation.

The shareholders approved the following resolutions for:

    
    - The consolidation of the Corporation's shares on a 1 for 10 Basis;
    - The appointment of Bratt Fremeth Star as its auditors;
    - The nomination of Mark Billings, Bill Mavridis, Ross Orr, Steve Roebuck
      and Lorne Woods, to the Board of Directors of the Corporation;
    

Mr. John Mavridis , the former Director of the Corporation, did not stand for election due to other business commitments. The Board would like to thank John Mavridis for serving as its Director and Chairman of the Corporation during the last year.

With the approval of the Share Consolidation resolution, the Corporation will take the appropriate action to complete its requisite filings for the consolidation of the Corporation's shares to take effect. A further announcement will be made with respect to the date of the listing of the consolidated shares of the Corporation on the TSX-V.

The Corporation currently has 141,925,767 shares issued and outstanding. After the consolidation takes effect, the Corporation shares will be rolled back to 14,192,576 shares.

    
    About Caldera
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The Corporation's main business is the acquisition, exploration and development of natural resource properties with a focus on sulphide projects that are amenable to bioleaching. The Corporation is seeking to acquire and develop the Lichkvaz-Tey gold property, located in the Republic of Armenia . The project is currently owned by the Armenian government.

The Corporation has also entered into a letter agreement with Global Gold Corporation of Greenwich, Connecticut, to form a Joint Venture whereby Caldera shall, subject to terms and conditions, earn a 55% interest in the Marjan Gold Project after completing a bankable feasibility study or spending US$3.0M on the property.

For more information on the Lichkvaz-Tey Gold project please see our News Release of November 17, 2009 . http://www.cnw.ca/en/releases/archive/November2009/17/c2181.html

For more information on the Marjan Gold project, please see our News Release of December 21, 2009 . http://www.cnw.ca/en/releases/archive/December2009/21/c4944.html

    
    Disclaimer
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THIS NEWS RELEASE INCLUDES CERTAIN "FORWARD-LOOKING STATEMENTS". ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT, INCLUDED IN THIS RELEASE INCLUDING FUTURE PLANS AND OBJECTIVES OF CALDERA, ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

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

%SEDAR: 00004575E

For further information: Bill Mavridis, President & CEO, Caldera Resources Inc., [phone], [email protected]