Press Releases

Montreal, Canada – Tuesday, December 20, 2011 – Caldera Resources Inc. (the “Company”) provides the following update on the current arbitration claim that it filed against Global Gold Corporation (“GBGD”) for terminating the JV between the parties on October 7, 2010.

The Arbitrator in the case, Ret. Justice Herman Cahn, has ordered that all parties present final briefs no later than December 30, 2011 and that oral arguments are to be presented before him, after the completion of cross-examination of one witness by GBGD, on January 3, 2012.  It is expected to have a ruling on the ownership rights of the Marjan Project, shortly thereafter.

This is a binding arbitration hearing under the terms of the JVA signed between the parties on March 24, 2010. There is no appeal.

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. 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 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.

The security symbol, CAEFF, is part of the OTC Grey Market, where Caldera does not provide any reports and has no obligation to do so. There are no market makers under this symbol of this security. It is not listed, traded or quoted on any U.S. stock exchange or the OTC Markets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor’s bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult. Caldera is not a filer on EDGAR. (see http://www.otcmarkets.com/otc-101/otc-market-tiers)

For additional information:

Mr. Bill Mavridis
President and CEO, Caldera Resources Inc.
Direct line: 514-813-9200
Email:  bmavridis@calderaresources.com
www.calderaresources.com

President, Marjan-Caldera Mining LLC (Delaware)
2711 Centerville Road, Suite 400
Wilmington, Delaware, USA
Tel: 302-482-8121

Mr. David Goldman
Envoy Strategic Partners
Tel: 416-977-7778
dave@envoystrategicpartners.com