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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: Peter Bourgeois who wrote (6725)12/21/2001 12:54:19 PM
From: PHILLIP FLOTOW   of 7235
 
Thursday December 20, 9:39 am Eastern Time
Press Release
SOURCE: Caldera Resources Inc.
via BCE Emergis e-News Services

Caldera Resources Inc. - Year End Project Update
South Perth, Western Australia
Cusip: 1287D 105

Caldera Resources Inc. wishes to provide an end of year project update.

SouthernEra Resources Ltd. Yilgarn Craton Joint Venture

The joint venture partners discovered a new kimberlite field during June 2001. Drill sample from eight intrusions has been processed by caustic fusion at Lakefield Research and concentrates examined by SouthernEra Resources Limited (TSE: SUF - news). Microprobe analysis has confirmed the presence of kimberlitic chrome spinel, ilmenite and G9 pyrope. Spinel was recovered from drill material at all targets and sample from two anomalies reported a heavy mineral suite of spinel, ilmenite and pyrope.

Caldera believes that significant progress has been achieved at the JV during two field seasons. This year's results confirm not only the validity of the exploration concept, but also that the Company's exploration techniques can locate kimberlites on the deeply weathered Yilgarn Craton.

SouthernEra has recently approved a budget expansion for 2002. Selected targets will be drilled deeper in the coming field season and the companies will initiate additional diamond exploration beyond the existing Yilgarn Craton Project area.

PHIL
Yep, I'm still here, Peter. I hope your doctor has forgiven you and that all is well with you this holiday season.
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