Letter To The Shareholders of Caldera Resources Inc.

Symbol: CDR.v
Shares: 59,333,333

Montreal, Friday, November 30, 2012

Dear Shareholders,

As you may be aware, I have returned to lead Caldera in its restructuring and to rebuild our Company after our setbacks on the Marjan Project in Armenia, which were caused by our estranged business partner in the USA, Global Gold Corporation (“GBGD”), represented by Mr. Van Z. Krikorian, the CEO, Director and Corporate Counsel.

That aside, the primary goal for the new Board and our Management Team is to clear up the issues surrounding the Marjan deal and the Arbitration, bring new projects to Caldera, further strengthen our board and revitalize our Company. We look forward to completing a substantial part of this before the PDAC rolls around next March.

As an update to our shareholders, I would also like to take this opportunity to provide you some information on the status of the ongoing Arbitration and our plans for the Company.


The Arbitration
Even though the Arbitrator in NY made a ruling on March 29, 2012, which resulted in Caldera losing the Marjan Project, the Arbitration Award is enforceable only when it  is confirmed by a US Court.

In order to confirm the Arbitral Award, GBGD filed a motion in the US District Court of the Southern District of New York on April 23, 2012, case number 12-CV-3193 KMK. On June 26, 2012, Caldera filed a motion to deny confirmation and to vacate (overturn) the Award, on the grounds that the Arbitrator acted in “manifest disregard of the law” and that the award was “arbitrary and capricious”. Caldera also made claims that the Arbitrator “exceeded his power and authority” and so “imperfectly executed them that a mutual and final definite award” was not issued. Caldera’s rights were also prejudiced because of the ex parte communications the judge made, which constitute “misbehavior” and grounds to overturn the award and recuse the Arbitrator. A copy of the Motion to Vacate and the Memorandum of Law can be accessed at   http://calderaresources.blogspot.com/p/arbitration.html.

As of October 15, 2012, all motions and replies have been filed by the parties and we are now waiting for a ruling from the Southern District Court of New York.

If the Arbitration ruling is confirmed by the US District Court, Caldera will officially lose the Marjan Project, but will be entitled to receive all funds it advanced to GBGD (approximately $270,000) and receive a net smelter royalty on the property of 0.50% for every $1,000,000  it invested on the Property, before the project reverts back to GBGD, the whole in accordance with the Arbitrator’s ruling. GBGD can purchase the NSR from Caldera for a price equal to the amount invested by Caldera.

Irrespective of the US District Court’s pending decision, and the Arbitrator's ruling that the March 24, 2010 JV Agreement is not effective and that the parties are now brought back to the date before the JVA was signed, the Arbitration award does not affect the original December 18, 2009 Letter Agreement, which is the precedent agreement. The December 18, 2009 Letter Agreement was signed between Caldera and GBGD and it requires the parties to enter into an agreement with Caldera on the Marjan Project as soon as possible. Caldera will be vigorously defending this right in Arbitration and in the Courts.

Caldera also plans to pursue certain claims for damages and take other actions against GBGD, its affiliates and its officers to further protect its rights.


New Projects
Caldera’s management believes that Armenia is an excellent destination for resource exploration and mining. Geologically, the country lies on the eastern section of the Tethyan Metallogenic Belt making the country an excellent destination for “elephant hunting” of potential gold, silver, copper, lead, zinc projects.  Also, the Armenian Government supports the development of its  resources and has enacted mine friendly policies and legislation. Local labour markets are also very inexpensive, compared to other mining jurisdictions, including Mexico. The local labour force is well educated and looking for well paying jobs in the mining industry, making Armenia a low cost operating jurisdiction in the international mining sector.

Caldera has already identified several exploration projects in Armenia. We expect to create new private subsidiaries of Caldera that will be used to invest in these projects and generate value for our investors. I hope to announce news on these projects shortly.

Caldera has also identified copper-gold porphyry projects in western Canada and is evaluating several opportunities and hopes to option one project soon.


Conclusion
To claim that the last year for Caldera has been a difficult one, would be an understatement, and I apologize to all for this unfortunate situation.

Looking forward, I believe the steps that the new board and our management team and consultants will be taking will help revitalize Caldera and allow our shareholders to start recovering their losses.

Sincerely,

Bill Mavridis
President
Caldera Resources Inc.


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.
Additional information related to the Company 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.

For additional information:

Contact:

Bill Mavridis
President
Caldera Resources Inc.
1155 Rene-Levesque Blvd. West
Suite 2500
Montreal, Qc., H3B 2k4
Tel: 514-813-9200

new email: Bill.Mavridis@calderaresources.com
temporary website:   http://calderaresources.blogspot.com

Caldera’s Listing Suspended - Company Announces Changes to its Board and Management

Symbol: CDR.v
Shares: 59,333,333

Montreal, November 26, 2012 - Caldera Resources Inc. (the “Company”) announced today, that due to its ongoing financial difficulties, it has not been able to retain the services of its transfer agent and as such has requested a halt of its securities on the TSX Venture Exchange. Given that this situation has not been resolved, the exchange has advised the Company that it will be proceeding with the suspension of its listing.

The Board of Directors of the Company also announced today that it has engaged Mr. Vasilios (Bill) Mavridis as President of the Company. Mr. Bill Mavridis served as President of the Company from December 2008 to March 2012.

As part of his mandate, Mr. Bill Mavridis will be working to settle all outstanding issues in order to proceed with the lifting of the suspension to permit the trading of the shares of the Company.

As part of the Company’s restructuring efforts, the members of the Board of Directors have also nominated Mr. Bill Mavridis to the board, along with Mr. Jacques Arsenault, the Company's CFO and Mr. Petros Vartanian, a Montreal Businessman.

Given this new direction in the Company, the current Directors, will be tendering their resignation from the board.

The Company will be making additional announcements shortly on its restructuring plans and the status of the ongoing arbitration, against Global Gold Corporation and (“GBGD”), and confirms that it will be filing its quarterly financial statements and management discussion and analysis report for the period ended September 30, 2012.

Caldera will also be updating its website, meanwhile it has created a temporary site at http://calderaresources.blogspot.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.
Additional information related to the Company 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.

For additional information:

Contact:

Bill Mavridis, President
Caldera Resources Inc.
Tel: 514-813-9200
email: Bill.Mavridis@CalderaResources.com
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IIROC Trade Halt - Caldera Resources Inc.

Vancouver, British Columbia- November 1, 2012 - The following issues have been halted by IIROC:


Company:  Caldera Resources Inc.
TSX-Venture Symbol:  CDR

Reason:
Failure to Maintain Transfer Agent


Halt Time (ET)

08:51
IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

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For further information: IIROC Inquiries 1-877-442-4322 (Option 3) - Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.