California Gold Identifies Promising Exploration Targets

TORONTO - California Gold Mining Inc. reported results from a recently completed property-wide surface geological mapping program at its 100%-owned flagship Fremont property (the Property) in Mariposa County, California.

Despite the presence of numerous historically producing gold mines on the Property, the Company believes that only about 15% of the total 3,351 acre Fremont land package had been geologically mapped prior to the completion of this program, which was designed to achieve two main objectives: Compilation of the first-ever geological map covering a majority of the Company’s 100%-owned 3,351 acre Fremont land package; and identification of high-potential surgical gold mineralization targets in addition to the already known substantial mineralized zones on the Property.

The Company reported that the first objective was achieved successfully and results for the second objective exceeded expectations.

We are especially pleased with the discovery of five new large exploration targets on the Property that have the potential to host sizeable amounts of near-surface high-grade gold mineralization. The areal footprint of each one of the newly discovered targets is quite substantial and the information gained in this low-cost exploration campaign has the potential to be a game-changer for the Company. We hope to test each one of these promising new targets in our next phase of exploration drilling, said Chad Williams, Interim President and CEO.

The mapping program included 55 line-kilometers of geological traverses. It was commenced on July 8, 2014 and took approximately six weeks to complete.

Limited rock chip samples were collected from the new exploration targets during the program.