California Gold Appoints IAMGOLD Co-Founder Larry Phillips as Advisor to the Board and Executive Management

Toronto, Ontario (FSCwire) - California Gold Mining Inc. (“CGM” or the “Company”) is pleased to announce the appointment of veteran gold mining executive, Larry E. Phillips, as an Advisor to the Board of Directors and Executive Management. In this role, Mr. Phillips will advise the Company’s Board and Management in matters related to mergers and acquisitions, strategic business development, and corporate governance.

Mr. Phillips was a co-founder, Executive Vice President – Corporate Affairs, and General Counsel of IAMGOLD Corporation (“IMG”), a leading mid-tier gold producing company. For over 20 years until his retirement in 2011, Mr. Phillips was responsible for directing and managing all international investments, joint ventures and government relationships, helping build IMG into one of the largest gold mining companies in the world. While at IMG, Mr. Phillips served as a Director of the World Gold Council from 2006 to 2011. Prior to joining IMG, Mr. Phillips was the managing partner of a Toronto-based law firm specializing in corporate commercial law. Most recently, Mr. Phillips served as the Chairman of the Board of Klondex Mines Ltd. in 2013. At present, Mr. Phillips is a Director of Gowest Gold Ltd.

CGM’s President & CEO, Mr. Vishal Gupta, stated, “Larry’s addition to the CGM team comes at a very important inflection point as the Company transitions to the project development stage. His wealth and breadth of experience in the mining industry will provide CGM with invaluable insight in choosing among the numerous options now available to the Company as we develop the Fremont Project. I am delighted to welcome Larry to California Gold, and look forward to working with him as we work to increase shareholder value by building a successful gold mining company.”

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 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.

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 Chief Executive Officer

647-977-9267 x333

Website:                www.caligold.ca

To follow California Gold Mining Inc. on your favorite social media platform or financial websites, please click on the icons below.

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2016 Filing Services Canada Inc.