Callinex Mines - Advancing New High-Grade Copper-Gold Discoveries in the Prolific Flin Flon Mining District

• Callinex Mines is expanding high-grade copper-gold-rich VMS discoveries near Flin Flon, Manitoba, an area with a century of production history and mining infrastructure.
• Geophysics, particularly magnetotellurics (MT) which measures resistivity, has been crucial for vectoring towards VMS deposits at the Pine Bay project. MT surveys can detect large alteration halos surrounding the deposits.
• A recent MT survey detected a significant new resistivity low anomaly between the interpreted Pine Bay and Rainbow horizons. This hidden alteration system under the lake presents a compelling untested exploration target.
• Near-term plans include stepping out to expand and target higher grades at the Flin Flon discovery, and drill testing the edges of the new MT anomalies, which could lead to new near-surface discoveries.
• Callinex has about 6 months of funding remaining. The company is well-positioned to capitalize on rising base metal prices and renewed interest in the mining sector with upcoming exploration news flow.

About Callinex Mines

Callinex Mines (TSX-V:CNX) is a mineral exploration company focused on expanding its portfolio of high-grade copper-gold-rich volcanogenic massive sulfide (VMS) discoveries in the Flin Flon Greenstone Belt of Manitoba, Canada. With a 100-year production history and well-established mining infrastructure, the Flin Flon district has yielded 32 mines over the past century and presents a compelling opportunity for new discoveries.

Interview with President & CEO, Max Porterfield

Unlocking the Potential of Pine Bay with Cutting-Edge Geophysics

Max Porterfield, President & CEO of Callinex Mines, recently discussed the company's exploration strategy and the crucial role geophysics plays in vectoring towards VMS deposits at the Pine Bay project.

"Geophysics has been a critical tool set through really most of the modern discoveries in the Flin Flon Greenstone Belt," stated Porterfield.

While traditional electromagnetic (EM) surveys have been the primary exploration tool, Callinex has introduced novel geophysical techniques, such as induced polarization (IP) and magnetotellurics (MT), to map the extensive alteration halos surrounding the deposits more effectively. These alteration halos, characterized by resistivity lows due to disseminated pyrite mineralization, serve as a larger target footprint for VMS deposits, which are typically compact, steeply-dipping lenses.

Game-Changing MT Survey Results Reveal Hidden Alteration System

The recently completed MT survey at the Pine Bay project has yielded exciting results, detecting a significant new resistivity low anomaly between the interpreted Pine Bay and Rainbow horizons, underneath the lake. This hidden alteration system, spanning 700 by 1,100 meters, presents a compelling untested exploration target.

"The resistivity low is again mapping the alteration package leading into the deposit," explained Porterfield. "You'd want to test resistivity iso-shells on the edges of them, where this is an area that hasn't had any drill testing."

Notably, the only drill hole that crossed this plane, deepened hole 24, intersected alteration between the two horizons – a promising indication that the geological model is valid. The MT survey results, combined with existing geological, geochemical, and borehole EM data, have provided Callinex with a robust foundation for future drill targeting.

Near-Term Catalysts & Value Creation Opportunities

Callinex Mines has several near-term catalysts that could drive value creation for investors. The company plans to expand drilling at the high-grade Flin Flon discovery, stepping out and targeting higher grades at depth. Positive drill results could significantly expand the size and scale of the discovery, enhancing its economic potential. Additionally, Callinex aims to drill test the edges of the recently identified resistivity low anomalies between the Pine Bay and Rainbow horizons. These compelling untested exploration targets could lead to new near-surface discoveries and further demonstrate the effectiveness of the company's geophysical targeting approach.

In the coming weeks, Callinex is awaiting the results and processing of MT data from two additional survey lines to the south. These results could identify new high-priority drill targets and expand the company's pipeline of exploration opportunities. As Callinex continues to deliver exploration success and de-risk its projects, the company may attract interest from larger mining companies seeking to secure high-quality copper-gold assets. Strategic partnerships or acquisitions could provide significant value creation opportunities for Callinex shareholders.

Furthermore, the ongoing global transition towards clean energy and electrification is expected to maintain strong demand for copper and other base metals. As market sentiment improves and base metal prices continue to rise, Callinex's high-grade VMS projects could command higher valuations and generate increased investor interest. By advancing its exploration efforts and capitalizing on these near-term catalysts, Callinex Mines is well-positioned to create value for investors and establish itself as a leading explorer in the Flin Flon mining district.

The Investment Thesis for Callinex Mines

• Callinex is strategically positioned in the world-class Flin Flon mining district, with access to extensive infrastructure and a skilled workforce.
• The company's innovative application of geophysical techniques, particularly MT surveys, has unlocked the potential for new discoveries in previously overlooked areas.
• Upcoming exploration plans, including expanding the high-grade Flin Flon discovery and drill testing the newly identified MT anomalies, provide near-term catalysts for value creation.
• With approximately six months of funding available, Callinex is well-positioned to capitalize on the rising base metal prices and renewed investor interest in the mining sector.
• As exploration progresses and new discoveries are made, Callinex could attract strategic partnerships or become an attractive acquisition target for larger mining companies seeking to secure high-quality copper-gold assets.

Callinex Mines represents a compelling investment opportunity in the junior mining sector, with its strategic land position in the prolific Flin Flon mining district and the application of cutting-edge geophysical techniques to identify new high-grade VMS deposits. As the company advances its exploration efforts and unlocks the value of its Pine Bay project, investors can anticipate a steady stream of news flow and the potential for significant value creation.

With the growing global demand for copper and gold, driven by the transition to clean energy and electrification, Callinex Mines is well-positioned to benefit from the long-term fundamentals of these essential metals. As the company continues to deliver on its exploration objectives and de-risk its projects, it presents an attractive opportunity for investors seeking exposure to the next generation of high-grade base and precious metal discoveries.