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

VANCOUVER, BC /  April 24, 2015 / Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has completed Phase One of the previously announced two-phase 4,000m drilling campaign. A total of five holes were completed for 1,425m in the vicinity of the Pine Bay deposit. The drilling campaign was successful in intersecting high-grade copper mineralization along with verifying the Company's recently compiled geological database. These results, combined with recently verified historic work, will be valuable in the expanded Phase Two drilling campaign to be conducted this summer.

The Phase One drilling campaign focused on confirming historic mineralization and testing targets in the immediate vicinity of the Pine Bay deposit. After the first four holes were completed the Company postponed drilling several high priority targets along the favorable Sourdough Trend. The decision to postpone further drilling was due to safety concerns over ice thickness in the Sourdough Bay area of Athapapuskow Lake. The successful confirmation holes and validated geological database will be instrumental in moving forward on plans to complete a NI 43-101 Technical Report and Resource Estimate at the Pine Bay Project.

Max Porterfield, President and CEO stated, "These results demonstrate that Pine Bay hosts high-grade mineralization over considerable widths in proximity to historic underground workings and nearby processing facilities. Our team now has confidence in our database to support a modern resource estimate, which is significant given that nearly all historic drilling was completed in the 1960s." Mr. Porterfield continued, "We will be expanding Phase Two of our drilling campaign this summer and are looking forward to testing several high priority land-based targets."