CGM California Gold Mining

Pierre Caland of Ruttimattstrasse 16, Gstaad, Switzerland, 3780, today announced
that he has acquired and assumed direction and control through an inheritance of
the following securities of California Gold Mining Inc. (TSX VENTURE:CGM) (the
"Reporting Issuer"):




--  10,700,000 common shares ("Shares"); and 
    
--  8,025,000 Share purchase warrants ("Warrants") exercisable for 8,025,000
    Shares at a price of $0.15 per Share until February 8, 2017.



The above-noted interests are held by Wallington Investment Holdings Ltd.
("Wallington"). Mr. Caland is the ultimate sole beneficial shareholder of, and
exercises complete voting control over, Wallington. 


In addition, Wallington purchased of 250,000 Shares of the Reporting Issuer
through the facilities of the TSX Venture Exchange (the "Exchange") at a price
of $0.09 per Share, and 250,000 Shares of the Reporting Issuer through the
facilities of the Exchange at a price of $0.10 per Share (the "Purchases"). 


Immediately following completion of the Purchases, Wallington owns 11,000,000
Shares, or approximately 8.55% of the Reporting Issuer's issued and outstanding
Shares on a non-diluted basis.


Assuming the exercise of the Warrants, Mr. Caland would beneficially own and
exercise control and direction over an aggregate of 19,025,000 Shares,
representing approximately 13.92% of the Reporting Issuer's issued and
outstanding Shares on a partially-diluted basis.


The Shares and Warrants are being held for investment purposes. In the future
Mr. Caland may, depending on market and other conditions, increase or decrease
his beneficial ownership of securities of the Reporting Issuer.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Peterson Law Professional Corporation
Dennis H. Peterson
(416) 777-6772
390 Bay Street, Suite 806
Toronto, Ontario M5H 2Y2

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