Toronto, Ontario (FSCwire) - California Gold Mining Inc. (“California Gold” or the “Company”; TSXV-CGM; OTCQX-CFGMF) is pleased to announce new assay results from a recently completed property-wide surface sampling program at its 100%-owned flagship Fremont property (the “Property”) in Mariposa County, California.

In total, 91 rock chip samples were collected during the course of the surface sampling program. Assay highlights are presented as follows:

A complete list of samples and their corresponding assays is provided in Appendix A of this press release. The location of these high-grade samples depicted on the Fremont Property map can be viewed by clicking on the following link:

http://www.caligold.ca/s/fremont.asp?ReportID=674669

“We are extremely pleased with the results of our recently concluded surface sampling program. These results will help us fine-tune targets for our next phase of exploration drilling. We plan to press on with aggressive exploration programs at Fremont with the aim of creating incremental value for our shareholders,” stated Vishal Gupta, President and CEO.

Discussion of Surface Sampling Results

This property-wide surface sampling program was designed to complement this summer’s comprehensive geological mapping program, the results of which were released on September 17, 2014. The assay results released today not only confirm the discovery of multiple new lode targets in the Golden Chain and Ogle Canyon target areas, but they also confirm the presence of high-grade mineralization in three areas of historic development at the Golden Slope, Chicken Gulch and Vermont Slab target areas.

A detailed discussion of the surface sampling results can be viewed by clicking the following link:

http://www.caligold.ca/s/fremont.asp?ReportID=686314

Sampling Program Description

A total of 91 rock chip samples were collected during the course of the surface sampling program. Eight assay blanks and five pulp standards were inserted into the sample stream at planned intervals, for a total of 104 samples. All samples were submitted to American Assay Laboratory in Sparks, Nevada for gold analysis by 1,000 gram screened metallic fire assay with gravimetric finish and 12-element analysis by four acid digestion and ICP method. Additionally, the laboratory inserted three blanks, six gold-bearing pulp standards and six trace element pulp standards into the sample stream.

About California Gold Mining Inc.

California Gold Mining Inc. is focused on developing its flagship Fremont gold project in Mariposa County, California. The project consists of a land package totalling 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.

The laboratory being used for assay analyses is American Assay Laboratories Inc. based in Sparks, Nevada (ISO/IEC 17025:2005 Certified).

The Company’s on-site Quality Assurance & Quality Control (“QA/QC”) protocols, and AAL’s assay QA/QC protocols have received third-party verification by Paul Daigle, P.Geo., a Qualified Person (“QP”) as defined under NI 43-101, representing Tetra Tech WEI Inc. Mr. Vishal Gupta, P.Geo., the Company’s Chief Operating Officer, has also reviewed and verified the Company’s on-site QA/QC protocols.

Mr. Vishal Gupta, the Company's President & Chief Executive Officer has reviewed and approved this press release. Mr. Gupta is a P.Geo., registered with the Association of Professional Geoscientists of Ontario (APGO), and a Qualified Person (QP) as defined under National Instrument 43-101 regulations.

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 planned exploration work on the Company’s Fremont Property as well as mineralization potential of exploration targets described above. 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:

Vishal Gupta,

President and CEO

647-977-9267 x333

Website: www.caligold.ca

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