Callinex Mines will continue drilling on their Pine Bay property near Flin Flon.  They have completed drilling and sent out samples for assays from one hole.  This hole tested the adjacent Pine Bay VMS horizon which is located to the northwest of the Cabin Zone VMS horizon that hosts their new discovery.  The Company expects assays back from this hole within two weeks and may complete additional drilling along the Pine Bay VMS horizon to further assess its potential.  Additionally Callinex has been drilling two holes to test the down dip extension of the new discovery.  These two drill rigs had been temporarily placed on hold over the holiday season with drilling expected to resume Thursday.

Callinex reports a cash position of approximately 10 million dollars and President Max Porterfield says as drilling resumes in the new year they will continue to be prudent with their treasury in order to achieve their goal to discover and develop economic VMS deposits.