CALCOL SALES REPORT NOVEMBER 25, 2002

Beijing, China. For Immediate Release. November 25, 2002. 12:38 EST. CALCOL INC. has received the following preliminary sales report from our Corporate Vice President,Mr.. Ji Jun, the President and General Manager of our Beijing soft drink bottling company Sanhe Meile Soft Drinks Co. Ltd. "SALES REPORT NOVEMBER 25, 2002 This is the preliminary sales report for the month of November. Because I know that you are sending some copies of this information to our investors as well as some bankers and releasing some of the information to the general public I have kept some of the details confidential and stated certain things in general terms. The numbers will appear in our annual audited reports. The specific details shall appear in our internal reports within our own files at the factory. Over the past two months our sales and distribution manager and I visited 4 different provinces (Guangdong, Heilongjong, Jilin, and Shandong) and 6 cities (Shenzhen, Beijing, Tianjin, Harbin, Changchun, and Weifang) and we met with the top executives of 7 different supermarket chains, and 11 different food and beverage distribution companies. So far this month, we have confirmed written orders from one supermarket chain of 130 medium sized supermarkets in the Tianjin/ Greater Beijing area. For the initial order, they have asked us to supply them immediately with 1500 cases (18000 x 1.25 Liter bottles), 1/3rd each of MALIBU-COLA, MALIBU SUNRISE ORANGE, and MALIBU SURF'S UP LEMON LIME for delivery next week. The supermarket chains settle accounts monthly, and pay within 30-45 days. This supermarket chain has an excellent credit rating, we have a good working relationship with their management, they have has indicated that if the products sell well at their introduction this month, a peak selling month leading up to Chinese New Year's, they will take much more product in December and January and then carry our products in all their stores throughout the year. This supermarket chain has committed to "end -of -the- aisles promotions" in all their stores. Next week we expect to finalize confirmed written orders for preliminary order indications that we already have from two other supermarket chains (one with about 80 hypermarkets, another with 60 medium sized supermarkets) in the Greater Beijing/Tianjin area for 1500 cases (18000 x 1.25 liter bottles) each for a total of 3000 cases, on a similar basis to the other supermarket chain; that if the products sell well at their introduction, they will take much more over the next several months of the Chinese New Year's peak selling season and carry our products throughout their stores on a regular basis. We are going to ask for "end of aisles promotions" from these stores as well, and will provide posters to the stores. We have confirmed written orders from 3 distributors: two in Manchuria and one in Shandong. The distributors pay cash on delivery, and all three have good credit ratings and are well known to us. The two distributors in Manchuria have each committed to purchase immediately 1500 cases (18000 x 1.25 liter bottles) of the three flavors or 3000 cases total; the distributor in Shandong has committed to purchase immediately 1000 cases (12000 bottles) of mixed flavors. We expect to complete these deliveries and sales also by the end of next week. Therefore, of our current inventory of 6300 cases (76,000 x 1.25 Liter bottles) of MALIBU-COLA and 3300 cases each of MALIBU SURF'S UP LEMON LIME and MALIBU SUNRISE ORANGE (80,000 x 1.25 Liter bottles) or a total of 12900 cases (156,000 x 1.25 Liter bottles): we have already confirmed written orders for 5500 cases for delivery next week. AND, from the other customers, we have preliminary order indications pending written confirmation next week, for an additional 3000 cases. Therefore of our current inventory of 12,900 cases (156,000 x 1.25 Liter bottles) we will by the end of next have already sold 8500 cases (102,000 x 1.25 Liter bottles) Therefore we are projecting from December 2002-February 28, 2003 the following amount of sales (assuming that reorders and new customers are as indicated above):7-10 turns of an equal amount which would be 700,000-1,000,000 x 1.25 Liter bottles2/3rds to the supermarket chains, 1/3rd to the distributors, which would account for 145,000-208,000 standard cases which is in line with the projections we made in our various press releases. If you have further questions, please do not hesitate to contact me. Sincerely, Ji Jun Vice President, CALCOL INC. President and General Manager, Sanhe Meile Soft Drinks Co. Ltd. CALCOL INC. (Del.) common stock (par value $.001) trades OTC in the United States under the symbol "CLCL" (cusip No. 12869910). CALCOL INC. has 100 million common shares authorized, approximately 87.8 million common shares currently issued and outstanding; 10 million preferred shares (par value $1.00) authorized, no preferred shares issued and outstanding. CALCOL INC. common stock involves a high degree of risk and is suitable only for accredited investors. This announcement is for information only, contains forward looking statements which should not be relied upon in any investment decision, and is not an offer to buy or sell securities. For further information, contact: Mr. Ji Jun, Vice President CALCOL INC. and President, Sanhe Meile Soft Drinks Co. Ltd. and Malibu Flavours (CALCOL INC. 80% subsidiaries), Beijing East Yanjiao Economical & Technical Development Zone, Beijing China 101601. Tel: 011-86-10-6159-2415. Fax: 011-86-10-6159-2166. http://www.malibu-cola.com.cn. CONTACT: CALCOL INC. Mr. Ji Jun, 011-86-10-6159-2415 Mr. Norman C. Kaplan, calcol@aol.com http://www.calcol.com