Caldera closes private placement

SYMBOL: TSX-V: CDR

MONTREAL, Nov. 13 /CNW Telbec/ - Caldera Resources Inc. (the "Company")announced today that it closed its non-brokered private placement. The Company issued 92 Subscription Receipts for gross proceeds of $92,000.

All securities issued of the offering, and the underlying securities, are subject to a four-month hold period that expires April 4, 2010, with the two-year warrants expiring December 4, 2011.

Pending approval of the resolution to consolidate the Company's common shares on a 1 for 10 bases, at the upcoming AGM, the Receipts will be converted at $0.1125 per Share. Each Share issued will include 1 full Warrant. The exercise price of the Warrants would be set at $0.15 expiring in 24 months. Each Receipt held will be converted to 8,888 Shares and 8,888 Warrants (fractions will be dropped).

If the Resolution is not approved then the Receipts will be converted at $0.015 per Share, for a total issuance of 66,666 Shares per Receipt and 66,666 Warrants. The Warrants will expire in 36 months and be exercisable at $0.05 for the first 12 months and $0.10 thereafter (all fractions will be dropped).

For more information on the consolidation and the financing please review our news release of October 1, 2009. http://cnw.ca/en/releases/archive/October2009/01/c2759.html

There is no finder's fee or commissions associated with these placements. One insider participated in the private placement for 22 units.

Completion of the private placement is subject to final approval by the TSX Venture Exchange.

About Caldera

The Company's main business is the acquisition, exploration and development of natural resource properties with a focus on sulphide projects that are amenable to bioleaching. The Company is also seeking to acquire and develop the Lichkvaz-Tey gold property, which is a refractory gold exploration property in the Republic of Armenia, currently owned by the Armenian government.

Additional information related to the Company is filed electronically on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

THIS NEWS RELEASE INCLUDES CERTAIN "FORWARD-LOOKING STATEMENTS". ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT, INCLUDED IN THIS RELEASE INCLUDING FUTURE PLANS AND OBJECTIVES OF CALDERA, ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

%SEDAR: 00004575E

SOURCE CALDERA RESOURCES INC.

For further information: For further information: Bill Mavridis, Caldera Resources Inc., (514) 813-9200; www.calderaresources.com

Organization Profile

CALDERA RESOURCES INC.

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