California Gold Mining Inc. announce that it has entered into an agreement with Red Cloud Mining Capital Inc. Red Cloud will provide strategic advisory services, prioritize growth opportunities, gather market intelligence, and market the Company. The agreement with Red Cloud is for an initial term of six months. In addition, as part of this agreement, Mr. Chad Williams, P.Eng, will assume the role of Interim President and CEO of California Gold.

Mr. Pat Cronin will remain Chairman of the Company.