Caldera Resources Inc. TSX: CDR

SOUTH PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 3, 2008) - Caldera Resources Inc. (TSX:CDR) announced today that further to its press releases dated September 25, 2008 and October 14, 2008 it has closed its acquisition (the "Acquisition") of CanBiomine Resources Inc. ("CanBiomine"), a private Canadian mining company developing bioleach projects in Southeastern Europe, and has closed the settlement of debts (the "Debt Settlement") of four creditors of Caldera, who are also insiders of Caldera.

The Acquisition was valued at $625,000 and was completed through the issuance of twenty-seven million (27,000,000) shares of Caldera common stock at $0.02315 per share. After giving effect to the Acquisition and the Debt Settlement Caldera has 140,155,767 shares outstanding, with shareholders of CanBiomine holding 19.26% of the outstanding shares of Caldera.

Pursuant to the Debt Settlement, four insiders, Lanza Holdings Pty Ltd. (controlled by the C.F.O. of Caldera, Mike Langoulant), Reindler & Co., (controlled by the President, C.E.O. and Director of Caldera, Chris Reindler), Ron Winston (who holds over 14.0% of Caldera's current outstanding common shares) and Peggie Reindler (who is the wife of Chris Reindler), settled $409,774.40 worth of debt in exchange for 8,195,488 common shares of Caldera, priced at $0.05 per share. Caldera received TSX approval for a waiver of the shareholder approval requirement for the Debt Settlement, based upon section 604 (e) of the TSX Company Manual (see press release dated October 14, 2008 and Material Change Report dated October 15, 2008).

About Caldera

Caldera is engaged in diamond exploration in Australia. Three projects are located in the Pilbara region of northern Western Australia, one of which is joint ventured with Mr. Ronald Winston. The Company also has two projects located adjacent to the Ellendale Lamproite Field in the Kimberley region of Western Australia. Caldera also has three base metal/gold projects in South Australia. One of these projects is the Mt.Carulina Project, which is an Olympic Dam - style base metal/gold target.

About CanBiomine

CanBiomine is focused on projects amenable to bioleaching for the recovery of base metals and precious metals from mine waste dumps and tailings dams. CanBiomine has signed a strategic alliance with BacTech Mining Corporation (TSX VENTURE:BM) whereby BacTech will provide technical support and know-how on projects sourced by CanBiomine in certain countries in southeastern Europe. The company is currently undertaking a scope study on the former Gjegjan Copper Mine located in North East Albania. CanBiomine is also evaluating projects in Serbia and Armenia.

THIS NEWS RELEASE INCLUDES CERTAIN "FORWARD-LOOKING STATEMENTS". ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT, INCLUDED IN THIS RELEASE, INCLUDING, WITHOUT LIMITATION, STATEMENTS REGARDING POTENTIAL MINERALIZATION AND RESERVES, EXPLORATION RESULTS, AND 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. IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM CALDERA'S EXPECTATIONS ARE EXPLORATION RISKS DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS MADE BY CALDERA WITH SECURITIES REGULATIONS.

NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.