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California Gold Mining Provides Update on Application Made by Former C.E.O. and Director


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2014-02-05 19:20:20 -

Toronto, Ontario CANADA, February 05, 2014 /FSC/ - California Gold Mining Inc. (CGM - TSX Venture), ("California Gold" or the "Company") on January 28, 2014, the application brought by Martin Shefsky ("Shefsky") and his holding company was scheduled to be heard in Edmonton, AB before the Court of Queen's Bench of Alberta today. The Parties have requested, and the Court has ordered that the matter be adjourned. California Gold will seek to reschedule the hearing at the earliest possible opportunity. The Company will issue further updates as warranted.

About California Gold Mining Inc.

California Gold Mining Inc. (formerly Upper Canada Gold Corp. TSX-V:UCC) is focused on developing its flagship Fremont gold project in Mariposa County, California. The project consists of

a land package totaling 3,351 acres of historically producing gold mines. The Fremont Property lies within California's prolific Mother Lode Gold Belt that has produced over 50 million oz of gold historically. The Company purchased the property in March 2013.

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 claims advanced by Shefsky and his holding company, the timing and potential outcomes of hearings associated with the claims advanced by Shefsky. 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

Website: www.caligold.ca

To view this press release as a PDF, please click on the following link:
www.usetdas.com/pr/californiagold02052014.pdf


Source: California Gold Mining Inc. (TSX-V: CGM) www.caligold.ca
Maximum News Dissemination by FSCwire. www.fscwire.com


Author:
Fred Gautreau
e-mail
Web: www.fscwire.com
Phone: 14037173898

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