Tuesday, April 30, 2013

Caldera Issues Corporate Update - April 30, 2013

symbol: CDR.H
shares: 59,333,333

Montreal - Tuesday, April 30, 2013 – Caldera Resources Inc. (the “Company”) reports that it is unable to file its audited financial statements and associated reports for the year ending December 31, 2012. The Company continues to face severe financial hardship but continues its restructuring effort and is working towards ending its ongoing litigation with Global Gold Corp (“GBGD”)

Caldera and its Auditor, Brat Fremeth Star, have mutually agreed to terminate their relationship due to the Company’s inability to maintain their services. The Company will be securing a new auditor when it’s restructuring is complete. The Company also received and accepted the resignation of two of its directors and its CFO. It is anticipated that the Company will be subject to a cease-trade order due to these circumstances and possible de-listing. 

While the parent company continues to restructure it has decided to create a wholly owned subsidiary to conduct its business. The new company provisionally to be named Armenian Mineral Opportunities (“AMO”) will be incorporated in an off-shore jurisdiction. 

Following the formation of the subsidiary, the company will transfer its exploration data related to the Marjan gold and silver project in Armenia along with other data related to mineral projects in Armenia, in exchange for 100% of the shares. AMO will have the ability to finance its own operations and to pursue projects in the Republic of Armenia. The foregoing transactions may be subject to corporate and securities regulatory approvals. 

The Company believes this move will provide current Caldera shareholders the opportunity to acquire direct ownership of projects in Armenia.

Please visit our website (www.calderaresources.com) and subscribe to our news feed to continue to receive updates from the Company.

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. The NEX 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
email: Bill.Mavridis@calderaresources.com
http://www.calderaresources.com

Wednesday, April 17, 2013

US District Court Ruling Rejects Caldera’s Motion to Overturn Arbitration Award


symbol: CDR.H
shares: 59,333,333

Montreal - Wednesday, April 17, 2013 Earlier today legal counsel for Caldera received a ruling from the US District Court rejecting Calderas Motion to Vacate the Partial Final Award of March 29, 2012, issued in favour to Global Gold Corporation (GBGD).

Justice Kenneth Karas ruling stated:

“…the Court grants the Petition (Dkt. No. 1) in large part and confirms the substance of the arbitration order as well as Paragraph 1 under the heading "Award." To the extent the Petition seeks confirmation of Paragraphs 2 and 3 of the "Award" section of the March 29 Order, that request is denied without prejudice to renewal when the award on damages is sufficiently final and definite.”

A full copy of the US District Court Ruling can be accessed on our web site at http://www.calderaresources.com/p/arbitration.html 

The Arbitration hearing and the US District Court both confirm the JVA between Caldera and GBGD were not effective and the project reverts to GBGD, as per paragraph 1 of the Partial Final Award.

Paragraph 2 and 3 must still be settled and Caldera is claiming an NSR on the project and the return of US $272,427.02, representing funds it paid to GBGD. Global Gold Corp confirms that it owes Caldera $150,000 as per its annual financial statements, 10K filing for the period ending December 31, 2012, and has included the amount of $150,000 in their accounts payable.

Considering the US District Court and the Arbitration Hearing both regard the December 18, 2009 agreement as separate to the JVA and therefore by virtue of the rulings we believe that it is still effective and GBGD must enter in to a JVA for the Marjan Project. Caldera will continue to maintain its right to the Marjan Project as per the December 18, 2009 letter agreement, which a copy can be accessed at

On another note the President of Caldera Resources, Mr. Bill Mavridis has filed complaints under the Foreign Corrupt Practices Act with the U.S. Department of Justice, Criminal Division, Fraud Section, FCPA Coordinator, against GBGD and Mr. Van Krikorian for corruption in Armenia. In 2010 GBGD used its influence and access to a corrupt government employee, Mr. Koryoun Hagobyan, the Head of the Concessions Department of the Ministry of Energy and Natural Resources (MENR) to secure a termination notice on the project through corrupt means. A blog entry by Bill Mavridis on this matter can be viewed at http://extortion-in-armenia.blogspot.ca/2012/07/part-1-is-gbgd-corrupting-force-in.html (Who is Mr. KORYOUN HAGOBYAN). Mr. Hagobyan appears to be an undisclosed shareholder of RAKE LLC, a mineral services firm. RAKE was established in the winter of 2005 and became GBGDs first and largest client in 2006, receiving millions of dollars of fees from GBGD.

Other apparent corrupt activity committed by GBGD were discovered during the Arbitration hearing, where Caldera discovered that the Marjan Mining License was issued illegally. More information can be found posted on the Presidents Log at http://www.calderaresources.com/p/the-presidents-log.html for April 3, 2013 (Did GBGD Get the Original Mining License through Corruption?), and December 3, 2012 (Armenian Politician Claims Marjan License is Illegal)

Further information on this matter can be viewed on our website www.calderaresources.com on the tab labeled News.

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. The NEX 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

email: Bill.Mavridis@calderaresources.com
http://www.calderaresources.com