News

Callinex Completes Oversubscribed $3.4 Million Private Placement

Vancouver, British Columbia – July 31, 2015 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has closed an oversubscribed non-brokered private placement (the “Placement”) previously announced on July 13, 2015, for aggregate gross proceeds of $3,406,374.90. The Placement was increased from an initial amount of

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Callinex Announces $3.0 Million Private Placement

Vancouver, British Columbia – July 13, 2015 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it intends to complete a non-brokered private placement (the “Offering”) to raise up to $3.0 million. It is anticipated that Resource Capital Funds (“RCF”) will acquire the majority of the shares being issued and will become the largest single shareholder of Callinex.

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Callinex Appoints Leading VMS Experts to Technical Team

Vancouver, British Columbia – June 23, 2015 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce it has appointed Alan Vowles and J.J. O’Donnell to the Company’s technical team. Mr. Vowles and Mr. O’Donnell have more than 50 years of combined experience with expertise in exploring for copper,

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Callinex Receives Work Permits for Phase Two Drilling

Vancouver, British Columbia – June 16, 2015 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased announce it has received work permits for the upcoming Phase Two drilling campaign at its Pine Bay and Flin Flon projects, located near Flin Flon, Manitoba. The Company plans to drill seven holes totaling

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Callinex Provides Interim Exploration Update

Vancouver, British Columbia – June 8, 2015 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to provide an interim exploration update on its Pine Bay and Flin Flon projects, located near Flin Flon, Manitoba. The Company is currently finalizing drill targets for the upcoming Phase Two campaign, which is

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Callinex to Issue Shares for Drilling Services

Vancouver, British Columbia – May 6, 2015 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) announces that in accordance with the terms of its drilling contract with CYR Drilling International Ltd. (the “Driller”) it will issue a total of 530,041 common shares of Callinex at a deemed price of $0.308 per

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Callinex Intersects 44.2 Meters of 4.0% Copper Equivalent Mineralization

Highlights:

– Hole PBM004 intersected 18.1 meters of 5.5% Cu Eq. over a larger interval of 44.2 meters of 4.0% Cu Eq. at Pine Bay;
– Two of the five holes completed intersected high-grade copper mineralization; and
– Plans to complete a NI 43-101 Technical Report and Resource Estimate.

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Callinex Commences Phase One Drilling Campaign at Pine Bay Project

Vancouver, British Columbia – March 2, 2015 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce it has commenced phase one of the Company’s two-phase 4,000m drilling campaign at its 100% owned Pine Bay Project located near Flin Flon, Manitoba and adjacent to HudBay’s 777 Mine. The first phase consists of approximately 8-10 holes totaling 2,000m with completion anticipated towards the end of March. The objectives of the two-phase drilling campaign at the Pine Bay and Flin Flon projects are to confirm, expand and discover high-grade copper and zinc rich massive sulfide mineralization.

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Callinex Provides Overview on Exploration Focus and Identifies Targets for Upcoming Drilling Campaign

Highlights:

– Historic deposits open for expansion and potential within projects for discovery of additional deposits;
– Recent compilation work has identified gold potential within the Pine Bay copper deposit;
> Historic hole 19 intersected 13.1m of 3.93 g/t gold within the southern portion of the deposit that remains open for copper and gold
– Sourdough area of Pine Bay Project is considered highly prospective; and
– 75-line km ground geophysical program underway to comprehensively evaluate high-priority areas in support of 2015 drilling campaign.

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Callinex Announces Fully Funded 4,000 Meter Drilling Campaign

Highlights:

– Fully funded 2015 exploration program including a two-phase 4,000 meter drilling campaign focused on the Pine Bay and Flin Flon VMS Projects;
– Objectives to confirm and expand high-grade mineralization at the Pine Bay Project and test high priority targets with potential for new discoveries; and
– Drilling to commence within 60 days.

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