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Caledonia Mining Corporation Plc: Revised Production and Earnings Guidance for 2017

ST HELIER, CHANNEL ISLANDS–(Marketwired – May 9, 2017) – Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) reduces production guidance for 2017 from approximately 60,000 ounces of gold to a range of between 52,000 ounces and 57,000 ounces of gold. As a result of the reduced production guidance, earnings guidance for 2017 is also reduced from approximately 34 cents to between 24 and 31 cents per share, assuming a gold price of $1,275 per ounce for the remainder of 2017.