October 6, 2015: Caledonia Mining Corporation (“Caledonia”) today announces that the Board of Directors has declared Dividend Number 10, this being a dividend of one and one half Canadian cents ($0.015) on each of the Company's common shares held at 5pm, Toronto time on the record date.
The relevant dates relating to the dividend are as follows:
• Ex-dividend date for shares held on the Toronto register: October 14, 2015
• Ex-dividend date for shares held on Crest in the UK: October 15, 2015:
• Record date: October 16, 2015
• Dividend cheque mailing date: October 30, 2015
Shareholders who are registered in the United States of America and the United Kingdom will be paid in US Dollar and Sterling, respectively. The US Dollar and Sterling dividend payments will be calculated using the relevant Bank of Canada exchange rates at noon on the Record Date and will be after deduction of Canadian withholding tax and any other taxes that may apply. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Caledonia’s Dividend Policy
Caledonia’s strategy to maximize shareholder value includes a quarterly dividend policy. In 2014 the Company paid an annual aggregate dividend of six Canadian cents ($0.060) per common share. The first quarterly dividend was paid on January 31, 2014 and subsequent quarterly dividends were paid at the end of April, July and October 2014 and at the end of January, April and July 2015.
It is currently envisaged that the existing dividend policy of 6 cents per annum, paid in equal quarterly instalments will be maintained. Caledonia will continue to maintain its strong financial position so that it can implement its stated growth strategy without the need to raise third party finance.