2011-12-21 Callinan Announces Continuation of NCIB

2011-12-14 Callinan Releases Q1 Financial Statements

2011-12-09 Callinan Reports on 2011 Annual General Meeting

2011-11-17 Callinan Announces Quarterly Dividend Payment Date

2011-11-16 Callinan Receives Quarterly Royalty Payments

2011-10-20 Callinan Releases Q4 and Year End Financial Statements

2011-09-09 Callinan Royalties to Conduct an Independent Audit of Hudbay

2011-09-08 Callinan Clarifies Dividend Dates

2011-08-15 Callinan Receives Quarterly Royalty Payment

2011-08-10 Callinan Royalties Announces First Dividend

2011-08-02 Callinan Receives Balance of 2010 Net Profits Interest Payments

2011-07-13 Callinan Mines Closes Arrangement

2011-07-06 Callinan Announces Effective Date of Arrangement & Proposed Listing Date of Callinex

2011-07-04 Manitoba Court Rules in Callinan’s Favour

2011-06-09 Callinan Receives Shareholder Approval & Final Court Order

2011-05-16 Calinan Receives Net Profits Interest Payment from Hudbay

2011-04-20 Callinan Announces Normal Course Issuer Bid

2011-03-14 Callinan Mines Receives Adjustment Payment from HudBay

2011-03-04 Callinan Closes Financing

2011-03-03 Callinan Mines Publishes 2nd Quarter Financial Results

2011-01-25 Callinan Amends Terms of Private Placement

2011-01-11 Mike Muzylowski To Be Inducted into the Canadian Mining Hall of Fame

2011-01-04 Callinan Hires JJ O’Donnell as VP of Exploration

VANCOUVER — Callinan Mines (TSX.V-CAA) is pleased to provide an update on its ongoing exploration activities.

Troitsa Property
The company has recently received assays of surface samples and grab samples obtained during the exploration program conducted this summer on the recently optioned Troitsa property in Northern British Columbia near Houston. Assays from the samples taken successfully confirmed the presence of copper, gold, silver and molybdenum mineralization associated with a granodiorite porphyry intrusion. Grab samples with gold values as high as 7 g/mt were taken from the intrusive rock, the average grade being 0.3 g/mt of gold. Silver values as high as 230 g/mt were also recovered, with the average grade being 20 g/mt. Molybdenum values in grab samples ranged from 0.08% to 0.2% with the average grade being 0.03%.
Zinc, silver and lead mineralization was also present in the volcanic rocks that surround the intrusion. Samples taken from up to 1.3 km surrounding the granodiorite porphyry returned assays averaging 0.3% lead, 0.4% zinc, and 37 g/mt silver. High silver and zinc values were 230 g/mt and 1%, respectively.
The Troitsa Option, located to the west of and adjacent to Callinan’s wholly owned Coles Creek Property, was acquired by option in June of 2010. The property consists of 17 mineral claims totaling 4,746 hectares, and is known to host several zones of mineralization. Drilling conducted by previous operators, prior to NI 43-101 standards, shows values of 1.02% Cu over a true width of 21.3m including 1.49% Cu over 12.2m.
Callinan’s technical team is interpreting these results as confirmation of the great potential that was identified at Troitsa prior to optioning the property. A drilling program is being outlined and will likely be implemented in the summer 2011 exploration season.

Coles Creek
Samples from the drilling program conducted on the adjacent Coles Creek property, are still being assayed and evaluated. The program consisted of 20 diamond drill holes in a sulphide-bearing volcano-sedimentary structure. One such hole, COLE 28, intersected a 21.25 meter section grading 3.368 g/mt gold, 15.33 g/mt silver, 2.04% zinc and 0.15% lead. Assays from 6 drill holes are still being analyzed.

Gossan Hill
The first hole completed on Callinan’s Gossan Hill Project, located near the community of Cranberry Portage, MB., intersected 3.71g/mt gold and 33.33g/mt silver over a core length of 5.43 metres, at a depth of 49.82 meters, continuing to a depth of 55.25 meters. A second intersection averaged 2.69g/mt gold and 39.64 g/mt silver over 2.09 metres at a depth of 61.93 meters, continuing to a depth of 64.02 meters. To date, 14 holes have been completed for a total of 2,004 metres. Assays from the remaining 13 diamond drill holes have yet to be received. Drilling has concentrated on the central Gossan Hill Showing, which is one of four historical showings on the property. A 5 kilometer linear trending silicified shear zone has been identified from reports filed from previous operators. Drilling will resume in early January, once wet areas have frozen, improving access.
Callinan Mines maintained a QA/QC program at all stages of exploration. Drill core recovery was calculated, measured and recorded at the Gossan Hill Property before being cut and sampled. Samples were split in half, one half being kept for storage and the other half placed in pre-labeled plastic bags, tagged with the sample number and recorded in the log. Callinan QA/QC samples (blanks and standards) were inserted into the group of samples, then shipped to Acme Analytical Laboratories in Vancouver, BC, where they were crushed, split, pulverized and sieved into approximately 15 g samples at 200 mesh. Samples were then assayed by Aqua Regia digestion ICP-MS analysis (53 elements). The lab employs internal quality control by assaying pulp duplicates and inserting quality control standards of predetermined values and a blank sample.

On Behalf of the Board of Directors,

Mike Muzylowski

Mike Muzylowski

All of Callinan’s exploration programs are conducted under the direction of Pat Deveaux, P.Geo, a qualified person as defined by national instrument 43-101, who has reviewed and approved the contents of this release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated private placements and the timing and amount of expenditures. Callinan does not assume the obligation to update any forward-looking statement.

VANCOUVER — Callinan Mines (TSX.V-CAA, OTC-CCNMF) is pleased to report financial performance for the quarter ending September 30th, 2010. Financial results in the period were higher than in the corresponding 1st quarter of the previous fiscal year.

The increases in both revenue and net earnings are a reflection of increased royalty payments derived from the company’s royalty assets. Expenditures during the quarter advanced the development of the company’s exploration assets at the Coles Creek property in British Columbia and the Herblet project in Manitoba.

Callinan Mines is currently refining a plan to organize its exploration assets into a separate company, to be distributed to Callinan shareholders, and to focus its efforts on the development of its royalty portfolio.

The company’s Annual General Meeting of Shareholders will be held Friday December 10th, 2010 at 10 am at Vancouver’s Hyatt Regency Hotel, 655 Burrard Street, in the Grouse Room. All current shareholders and prospective shareholders are invited to attend.

On behalf of the Board of Directors,

Tamara Edwards

Tamara Edwards, CFO

For further information, please contact Tamara Edwards at 1 (877) 228-5210.

All of Callinan’s exploration programs are conducted under the direction of Pat Deveaux, P.Geo, a qualified person as defined by national instrument 43-101, who has reviewed and approved the contents of this release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated private placements and the timing and amount of expenditures. Callinan does not assume the obligation to update any forward-looking statement.

VANCOUVER — Callinan Mines has received an interim payment of $3,237,644 from HudBay Minerals Inc. This payment represents 75% of an estimate of 6 2/3 % of the net profits from the 777 Mine in Flin Flon, Manitoba for the quarter ended September 30th, 2010.

Callinan Mines has a current cash position of approximately $19 million, with no debt. The company is involved in an ongoing legal action against Hudbay Minerals designed to gain transparency in the calculation of both the quarterly net profits payments and past entitlements.

Mike Muzylowski

Mike Muzylowski

President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of private placements and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated private placements and the timing and amount of expenditures. Callinan does not assume the obligation to update any forward-looking statement.

VANCOUVER – Callinan Mines has commenced exploration activity on the recently optioned Gossan claims, located near the community of Cranberry Portage, Mb. The work program will consist of approximately ten diamond drill holes, totaling approximately 3,000 meters. Targets will include known gold bearing structures identified in government assessment reports. The program has been designed with holes at 25 meter intervals. “This program is an effort to determine tonnage and grade per vertical meter,” explains Callinan President Mike Muzylowski. “If this testing shows promise, further drilling will occur.”
The 3,679 hectare property was once the site of the formerly producing Gurney Gold Mine. The project last operated in the 1930s and extracted gold from a mineralized contact shear zone that runs the length of the property. Reports of previous operators, accessed through records at the Manitoba Department of Energy and Mines, show previous gold bearing diamond drill intersections along a structure nearly four kilometers in length. Intersections tested by previous operators returned assays of 4.05 grams of gold per tonne and 42.86 grams of silver per tonne over 12.48 meters, including 8.40 grams of gold per tonne and 96.34 grams of silver per tonne over 4.5 meters, and 17.76 grams of gold per tonne and 91.54 grams of silver per tonne over 1.5 meters. Callinan cautions that work done by previous operators was conducted before the implementation of National Instrument 43-101 and it has not verified any of the reported results from work on the property. Quality control methods employed by the previous operator are unknown, and the accuracy of the information cannot and should not be relied upon.
The gold mineralization at the Gossan Property is hosted in a sheared diorite/gabbro, and a sheared felspar porphyry structure containing quartz carbonate stringers. The property is accessible by an all weather road, and by rail.

On Behalf of the Board of Directors,

“Mike Muzylowski”

Mike Muzylowski

All of the Company’s exploration programs are conducted under the direction of Pat Deveaux, P.Geo, a qualified person as defined by National Instrument 43-101, who has reviewed and approved the contents of this release.

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. Callinan does not assume the obligation to update any forward-looking statement.

VANCOUVER – Callinan Mines Limited (“Callinan”) today announces its intention to become a royalty company by reorganizing its exploration assets into a separate corporation (“the Spin-Out Proposal”), with a view to enhancing shareholder value.

Callinan, upon becoming the royalty company, will hold a 6 2/3 % Net Profits Interest royalty and a $0.25 per ton royalty (together the “Royalties”) in the 777 Mine at Flin Flon, Manitoba, Canada, which produces copper, gold, zinc and silver and is operated by HudBay Minerals Inc. Callinan will also hold the War Baby mineral property, which covers an area down-trend from the 777 Mine.

The President and CEO of the royalty company will be Roland Butler, a co-founder of Altius Minerals Corporation, where until March 2010 he served as a Director, Vice-President and Chief Operating Officer. He has joined Callinan as interim Vice-President and he has been appointed to its Board of Directors. Mr. Butler has been granted options to purchase 250,000 shares of Callinan at $2.38 per share for a period of five years. Mr. Butler will participate in a private placement in Callinan to become a key shareholder.

The new exploration company will hold Callinan’s exploration assets in Canada, including its interests in the Coles Creek polymetallic project in British Columbia, its base metal projects in Manitoba and its Fox River nickel project in Manitoba.

Mike Muzylowski, Chief Executive Officer of Callinan, will be the President and CEO of the exploration company. He stated, “We see this proposal as an excellent opportunity to enhance shareholder value and to give our shareholders the best of both worlds: a well funded royalty company led by an experienced and well regarded executive, and the potential upside of exploration success under the direction of our proven and successful team of explorers.”

Roland Butler, commenting on the proposal stated, “I welcome the opportunity to become a shareholder of Callinan as we launch a new royalty company engaging in early stage royalty creation through prospect generation and financing complemented by selective royalty acquisitions. I hope our company will build a reputation for high free cash flow, high return on invested capital and dividends to our shareholders.”

Private Placement

Mr. Butler will purchase two million Units of Callinan, pursuant to a private placement, at the price of $2.02 per Unit to raise $4,040,000 to be applied to general working capital. Each Unit will consist of one common share of Callinan and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Callinan for a period of 5 years at the price of $2.74 per common share. Participation by Mr. Butler is considered to be a related party transaction as defined under Multilateral Instrument 61-101. The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by Mr. Butler will exceed 25 per cent of Callinan’s market capitalization. This private placement is subject to acceptance for filing by the TSX Venture Exchange.

The Spin Out Proposal

The Spin Out Proposal is intended to provide Callinan shareholders the opportunity to continue to participate in both aspects of Callinan’s present holdings.

Pursuant to the Spin Out Proposal, the assets of Callinan will be separated into two corporations through a plan of arrangement, such that one corporation will hold the Royalties, the outstanding law suit against HudBay and the War Baby mineral claim (the “Royalty Assets”) and the other corporation will be seeded with some capital from Callinan’s present cash balances and hold Callinan’s exploration assets in Canada.

Under the terms of the Spin Out Proposal, existing Callinan shareholders will receive the same percentage interest in a corporation that has yet to be incorporated (“Newco”) as they presently hold in Callinan such that, following the implementation of the Spin Out Proposal, the shareholders will hold shares in two corporations, existing Callinan and newly incorporated Newco, with the Royalty Assets being held by one corporation and the Exploration Assets being held by the other corporation.

Callinan will hold a Special Meeting of shareholders to approve the Spin Out Proposal. Further particulars, including the record and meeting dates, will be announced in due course by press release. A complete description of the Spin Out Proposal will be set forth in a management proxy circular to be sent to Callinan’s shareholders in connection with the special meeting.

The implementation of the Spin Out Proposal is subject to, among other things: further Board approval of the final structure and terms and the arrangement agreement to be entered into with Newco and shareholder, court and regulatory approvals, including TSX Venture Exchange acceptance of the Spin Out Proposal and the continued listing of Callinan common shares on the TSX Venture Exchange and conditional listing approval of Newco shares. No application for listing has been made and there is no assurance that if made that approval will be granted. The TSX Venture Exchange has not approved or disapproved the Spin Out Proposal and there is no assurance that the TSX Venture Exchange will approve the Spin Out Proposal.

By Order of the Board of Directors

Mike Muzylowski

Mike Muzylowski, President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the expected benefits of the proposed Spin Out Proposal, the payment of dividends, the completion of the Spin Out Proposal, the receipt of any shareholder and regulatory approvals for the Spin Out Proposal and the development potential of Callinan’s properties. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors and assumptions include, among others, the effects of general economic conditions, the price of gold, silver, copper and other metals, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking information. In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with the ability obtain any necessary approvals, waivers, consents and other requirements necessary or desirable to permit or facilitate the Spin Out Proposal, the risk that any applicable conditions of the proposed transaction may not be satisfied, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters of the Company with certain other projects; currency fluctuations; competition; dilution; the volatility of the Company’s common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and Callinan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law.