RNS Number:9730M
Caledon Resources PLC
30 June 2003


               Caledon Resources plc ("Caledon" or the "Company")
                              Directors' Interests

The Company has received notification that George Salamis, Managing Director of
Caledon, has been granted options over 3,000,000 ordinary shares of 1p each in
the Company. The options are exercisable over a three year period from 29 April
2003 at an exercise price of 3p per share. Following this grant of options Mr
Salamis now has options over 4,250,000 ordinary shares in the Company.

In addition to this, an employee of Caledon has also been granted options over
3,000,000 ordinary shares of 1p each. Of these options, 1,250,000 are
exercisable over a three year period from 29 April 2003 at an exercise price of
3p per share. The remaining 1,750,000 are exercisable over a three year period
from 13 June 2003 at an exercise price of 4p per share.

The Company also announces that the 1,250,000 warrants previously granted to
Bert Kennedy have been cancelled.

The Company currently has 14,750,000 shares under option and 2,500,000 warrants
in issue.

Enquiries:

Stephen Dattels/Donal Douglas     Caledon Resources plc    Tel: 020 7529 7512



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