California Gold Mining Announces Commencement of Drill Program at Fremont Property

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Toronto, Ontario CANADA, May 22, 2013 /FSC/ - California Gold Mining Inc. (CGM - TSX Venture), ("California Gold" or the "Company") announces that it has commenced drilling operations on the Fremont Property.  The objective of the drilling program is to drill 14 holes, which will twin existing historical (reverse circulation (RC)) drill holes on the Fremont Property with diamond drill HQ (2.5" diameter) core.  Drilling will be performed by National Exploration, Wells, Pumps based in Woodland, California.  It is expected that approximately 5,500 feet of drilling will be performed as part of the program.  The Company anticipates the drilling to take approximately one month.  Following the completion of the drilling, samples will be sent for analysis.  Upon completion of the drill program the Company plans to commission a technical report on the Fremont Property that will bring historic resource estimates into compliance with the definitions used in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").  "We are very pleased to have begun our initial drill program," said Martin Shefsky, CEO of California Gold. "It is anticipated that following the twinning of these holes the Company will continue with its drill program in order to test the strike length and down dip potential of the Fremont Property".

The Fremont Property consists of 3,351 acres of historically producing (from approximately 1840 through 1940) gold mines.  The Property was purchased by the Company in March 2013 (see press release dated March 1, 2013).  California Gold (formerly Upper Canada Gold Corp. TSX-V:UCC) is focused on advanced stage historic gold projects in California.

Eric Moeller, RPG (SC374), is the Qualified Person under NI 43-101 who has reviewed the contents of this release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of California Gold contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause California Gold's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this document include statements regarding the Company's plans, objectives and expectations and timing of the drill program at the Fremont Property. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward looking statements. Any factor could cause actual results to differ materially from California Gold's expectations. California Gold undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, unless otherwise required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

Michael Churchill
President
647-977-9267 x101

Martin Shefsky
Chief Executive Officer
647-977-9267 x222

Website: www.caligold.ca


To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/CaliforniaGoldMay222013.pdf    



Source: California Gold Mining Inc. (TSX-V: CGM) http://www.caligold.ca
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