As of April 28, 2014, Arbitrator Herman Cahn, restarted the arbitration between Caldera and its estranged Joint Venture Partner Global Gold Corp, (otc markets: GBGD).

Caldera is claiming US$150,000 in advances made to GBGD and a 0.50% Net Smelter Royalty (NSR) from all future production from the Marjan Mine, as awarded by the Arbitrator.

Caldera is also claiming an undetermined sum for damages related to GBGD's and Mr. Van Krikorian's fraudulent actions, in misrepresenting that the Marjan License was in good standing, which had an effect of fraudulently inducing Caldera into signing a contract.

Caldera claims that GBGD and its President and Legal Counsel, Mr. Van Krikorian:

* Made intentional actions, intentional statements, and through willful and premeditated fashion omitted to provide correspondences they had in their possession that proved that Marjan mining license was issued illegally and in contradiction of the Armenian Mining Code;

* Made material misrepresentation and if Caldera was aware that the underlying license was in technical default and illegally issued it would have never entered into any deal with GBGD;

* Made declarations that Caldera reasonably relied on, and;

* Actions caused Caldera to suffer economic damages.

During the Arbitration hearing Caldera discovered documents which were hidden by GBGD and Mr. Van Krikorian in an effort to defraud Caldera into signing an agreement. These documents were official letters from the Armenian State Natural Resources Agency ("aka GKZ") addressed to GBGD's subsidiary. From the documents it is clear that in December 2007, GBGD's subsidiary had applied for approval of reserves on the Marjan project with the Armenian GKZ but the application for reserves was terminated on December 2008 due to incomplete application. This, 8 months after the Mining License HA-L-14/526 was issued on April 22, 2008 to GBGD subsidiary. Under the Armenian Mining Code it is illegal to issue a Mining License without approved mineral reserves and a mining license can not be issued without proper documentation in place. It is evident that the Ministry did not follow its own laws and bureaucrats at the Ministry approved the mining license and permits illegally, and in complete contravention of the Armenian Mining Code. This a clear indication that the bureaucrats at the ministry were corrupted by GBGD. Caldera has filed a complaint related to these matters with the US Department of Justice FCPA division and the SEC.

To this date, there are currently no official reserves for Marjan License which means that the license is illegal and can be terminated by the Armenian state at anytime. This opinion was also made public by the former Minister of the Environment and current Member of Parliament of the National Assembly of the Republic of Armenia, Mr.Vardan Ayvazyan.

See youtube videos of Mr. Vardan Ayvazyan exposing illegal licenses for Marjan.

http://youtu.be/mfrBrkz18t4

http://youtu.be/h1TGq9iXkMk

You can learn more about this by reading the following blog:[URL=http://www.your-url.com]ALERT: Fraud and Corruption at the Marjan Mine in Armenia[/URL]

For more information please contact

Bill Mavridis

President

Caldera Resources Inc.

Tel: 514-813-9200

email: Bill.Mavridis@calderaresources.com

http://www.calderaresources.com

blog: http://marjan-mine-fraud-armenia.blogspot.com/