Callinex Mines has completed 21 drill holes during the ongoing 2022 drilling campaign at its Pine Bay Project 16 kilometers from Flin Flon.  The 21 holes drilled to date have completed just under 13 thousand meters of the fully funded 20 thousand meter drilling campaign with a focus on delineating the high grade copper Rainbow deposit and test recently identified regional exploration targets.

One drill rig has completed 11 drill holes as the Company completes step out and infill drilling on the Red, Orange and Yellow Zones of the Rainbow deposit and they anticipate another nine holes will be completed ahead of the publication of a maiden resource estimate.

A second drill rig has begun testing the five high priority exploration targets that were recently identified three of which have seen some level of historic production.

Assays are pending on all holes from the current drill campaign.