Shareholder Early Warning News Release

TORONTO, Aug. 12, 2015 /CNW/ - R.W. Tomlinson Ltd. (the "Shareholder") of 5597 Power Road, Ottawa, Ontario K1G 3N4, announced its acquisition of 60,000,000 common shares of California Gold Mining ("California Gold").

The common shares were acquired pursuant to California Gold's private placement of units at a price of $0.05 per unit.  Each unit comprises of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire a common share of California Gold at a price of $0.10 for three years following the date of issuance.  The common shares are listed on the TSX Venture Exchange.  Prior to the completion of the acquisition, the Shareholder held 26,057,140 common shares of California Gold.

There are approximately 173,246,432 common shares of California Gold issued and outstanding. As a result of this acquisition, the shareholder has beneficial ownership of, and control and direction over, 86,057,140 common shares of the issued and outstanding common shares of California Gold, and has beneficial ownership of, and control and direction over, 69,650,000 common share purchase warrants, that if exercised, together represents approximately 45.8% of the total issued and outstanding common shares of California Gold.

The Shareholder acquired beneficial ownership of, and control or direction over, the common shares pursuant to the offering for investment purposes.  The shareholder acquired the common shares for investment purposes and has no present intention to acquire additional securities of California Gold but may acquire additional common shares in the future.

The common shares acquired pursuant to the offering were issued under the exemption from prospectus requirements set forth in section 2.3 of National Instrument 45-106 on the basis that the Shareholder is an accredited investor.

This news release is issued pursuant to National Instrument 62-103 – The Early Warning System.  A copy of the Early Warning Report will appear with California Gold's documents on the SEDAR website at www.sedar.com.  A copy of the Early Warning Report may also be obtained by contacting Michael Churchill California Gold's President at 647-977-9267 x101.

SOURCE R.W. Tomlinson Ltd.

For further information: A copy of the Early Warning Report may also be obtained by contacting Michael Churchill California Gold's President at 647-977-9267 x101.

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R.W. Tomlinson Ltd.

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