ST HELIER, CHANNEL ISLANDS--(Marketwired - Jan 4, 2017) - Caledonia Mining Corporation Plc (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) ("Caledonia" or the "Company") has received notification today that the company's largest shareholder Allan Gray has increased its shareholding to 8,431,000 common shares representing 15.97% of the common shares in issue. Caledonia welcomes Allan Gray's continued investment in the company.

Caledonia Mining Corporation Plc
Mark Learmonth
+44 1534 702 998
marklearmonth@caledoniamining.com
Caledonia Mining Corporation Plc
Maurice Mason
+44 759 078 1139
mauricemason@caledoniamining.com
WH Ireland
Adrian Hadden/Nick Prowting
+44 20 7220 1751
Blytheweigh
Tim Blythe/Camilla Horsfall/Megan Ray
+44 20 7138 3204