Caldera drills 7.1 m of 2..65 g/t Gold and 65.5 g/t SIver at Marjan in Armenia

Jan. 12, 2011 - PRLog -- Caldera drills 7.1 m of 65.5 g/t Ag at Marjan

Caldera Resources Inc.  (C:CDR)
Shares Issued 49,033,333
Last Close 1/7/2011 $0.16
Wednesday January 12 2011 - News Release

Mr. Bill Mavridis reports

CALDERA RESOURCES INC. ANNOUNCES POSITIVE DRILL RESULTS ON THE MARJAN PROJECT CONFIRM SOVIET ERA DATA; DRILL HOLE #8 RETURNS 2.65 G/T GOLD AND 65.5 G/T SILVER OVER 7.1 METERS

Caldera Resources Inc. has released preliminary drill results from the Marjan Gold-Silver project in Armenia. Drill hole MC-08-10 returned 2.65 g/t gold and 65.5 g/t silver over 7.1m, from 139.5 meters to 145.6 meter interval.

Bill Mavridis, President and CEO of Caldera commented: "This is a great result. Not only does the drillhole confirm the continuity of the structure of Vein 1a, it also contributes to the validation of the Soviet-Era historical resources model. So far, our results have matched or exceeded the Soviet-Era data."

Mr. Mavridis added: "But our big surprise is that the mineralized width of 7.1 meters, as indicated in Hole #8, is significantly wider than the average mineralized widths of 1.5 meters which are indicated in the historical data. It appears that the Soviet-Era exploration program did not analyze the envelope of alteration zones surrounding the veins, but focused strictly on the veins themselves. If mineralization continues to be confirmed in the alteration zones, then it is likely that the Soviet-era historical resources may be underestimated."

A key goal in the drill program was to evaluate any mineralization and alteration encountered in the drill holes so as to correlate gold and silver grades in vein structures as well as hanging wall and footwall alteration sequences, as seen in Trench 2 resampling, which returned 17.2 g/t gold and 344 g/t silver over 3.2m (see News Release 17 August 2010).

The exploration program is designed to confirm Historical Soviet-Era data. These historical 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.

Qualified Person

Mr. Jim Steel, MBA, P.Geo, Vice-President, Mining and Development for the Company, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of NI 43-101.

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

About Caldera Resources Inc.
Caldera is engaged in advancing its gold project in the Republic of Armenia. Caldera holds a 55% interest in the Marjan Gold-Silver project with a purchase obligation to acquire 100% of the project from Global Gold Corporation. You can learn more about the Company’s projects by watching recent interviews on our website www.calderaresources.com.

For additional background information and details relating to the Joint Venture, please see our press releases of October 12, 2010, October 22, 2010 and November 21, 210 on our website.

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 Corporation 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.

Contact:
Caldera Resources Inc.
Bill Mavridis
President and CEO
514-813-9200
bmavridis@calderaresources.com

Peter Jaimes
Investor Relations
Tel: 514-380-5310 x 222
pjaimes@calderaresources.com


Visit our website for a complete copy of the release at:

http://www.calderaresources.com/press-releases-gold-armenia

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Caldera is engaged in advancing its gold project in the Republic of Armenia. Caldera holds a 55% interest in the Marjan Gold-Silver project with a purchase obligation to acquire 100% of the project from Global Gold Corporation. You can learn more about the Company’s projects by watching recent interviews on our website www.calderaresources.com.