News

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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Callinex Extends Pine Bay Project with Acquisition of Mining Claim Adjacent to High-Grade Massive Sulphide Mineralization

Highlights:
– Acquisition of the Bay 1 mining claim, located 400m along trend of Hudbay’s past producing Centennial Mine;
– The claim is located 100m from Hudbay’s claims hosting the Centennial Mine where 9 of 12 holes from historic drilling intersected visual chalcopyrite and sphalerite*; and
– No known modern exploration work completed within property boundary.

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Callinex Announces Strategy to Target High-Grade Copper and Zinc Rich VMS Deposits in Manitoba

Vancouver, British Columbia – November 20, 2014 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) announced an aggressive new strategy to discover and develop high-grade copper and zinc rich volcanogenic massive sulphide (“VMS”) deposits. The Company has identified its Flin Flon and Pine Bay projects as the focus of future exploration based on potential to host the region’s next VMS deposit. Both projects are located within 20 km by road to Hudbay Minerals Inc.’s processing facility in Flin Flon, MB, which is projected to require additional ore in the coming years.

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Callinex Announces Establishment of Advisory Board

Vancouver, British Columbia – October 15, 2014 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce the establishment of an accomplished Advisory Board to provide the Company’s management team with strategic guidance. The members of the Advisory Board are Mr. Carlo Civelli, Chairman, together with Messrs. Jayant Bhandari, Jason Dunning, and Stephen Swatton

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Callinex Announces Key Appointments to the Board of Directors and Management

Vancouver, British Columbia – September 15, 2014 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce an addition to its Board of Directors together with increased responsibilities for an existing Board member. The Board has appointed Keith C. Minty, P.Eng., to the Board of Directors. Mr. Minty’s mineral

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Callinex Grants Stock Options

Vancouver, British Columbia — September 8, 2014 — Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has granted a total of 1,375,000 stock options to officers, directors, consultants and employees of Callinex. The options were granted for a period of 5 years, expiring on September 5,

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