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California Gold Mining Inc.

10:02 AM EST - California Gold Mining Inc. : Has completed the second tranche of the previously announced non-brokered private placement of units. The private placement was oversubscribed by 12% reflecting new investments from European institutions and continued support from the Company’s existing shareholder base of high net worth families and prominent Canadian retain brokerages. California Gold Mining Inc. shares V.CGM are trading unchanged at $0.26.