Caldera Resources Inc. announced that it has signed a letter of intent to conclude an option agreement for 50% interest of the Red Spring Copper-Silver Project. The Project is 100% owned and privately held by Decoors Mining Inc. and Mr. Farshad Shirvani. The Red Spring Copper-Silver Project is located approximately 117 km. north of Hazelton, B.C. The Project is also known as the "SPING" in BCGS database, Minfile No. 094D 104. Under the terms of the LOI, Caldera will execute an option agreement to acquire 50% of the project from the Optionors upon completing $555,000 in exploration expenditures on the property in 2012. The proposed exploration program for 2012 is designed to confirm the historical resource and identify new drill targets for the Project in 2013. The proposed exploration program for 2012 is designed to confirm the historical resource and identify new drill targets for the Project in 2013. Upon completion of the 2012 exploration expenditures the parties will then enter into a Joint Venture Agreement to finance and support the exploration and development of the Project. The Joint Venture agreement will require Caldera to commit to invest $450,000 on the project in 2013, and thereafter, the parties will share the costs on the project 50-50 basis. The Optionor will remain the operator of the project but all proposed exploration and development work on the project would require consensus of the Parties.