Vancouver, British Columbia – October 15, 2014 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce the establishment of an accomplished Advisory Board to provide the Company’s management team with strategic guidance. The members of the Advisory Board are Mr. Carlo Civelli, Chairman, together with Messrs. Jayant Bhandari, Jason Dunning, and Stephen Swatton as board members.
Max Porterfield, President and CEO, stated: “We are excited to have assembled this board of high calibre individuals with expertise relating to capital markets and project development within the natural resource sector. Their collective input will greatly assist the Company as we continue to build and develop our project portfolio.”
“I am pleased to continue my longstanding participation in companies affiliated with Mike Muzylowski,” said Mr. Civelli, noting that the Chairman’s previous companies had been involved in the discovery and/or development of some of North America’s most significant mines, including Allied Nevada’s Hycroft Mine, New Gold’s New Afton Mine and Hudbay’s Trout Lake Mine. Mr. Civelli added, “Callinex has a strong portfolio of exploration projects prospective for new discoveries located in some of the most prolific mining districts in Manitoba. I look forward to working with Max, Mike and the Advisory Board as we contribute to Callinex’s future growth.”
Carlo Civelli, Founder, Clarion Finance Pte. Ltd.
As Chairman of the Advisory Board, Mr. Civelli brings more than 30 years of experience in the venture capital and natural resource sectors. Throughout his career, Mr. Civelli has been instrumental in funding early stage companies. Nearly a dozen of these investments have developed into billion dollar market cap companies including Wheaton River Minerals which later merged with Goldcorp (NYSE: GG), Bema Gold Corporation later B2Gold Corp (NYSE: BTG), Urasia Energy Ltd. later Uranium One and Pacific Rubiales Energy (TSX: PRE). Mr. Civelli also founded Pacific LNG Operations Ltd. in 2005, a private oil and gas company, which in February 2014 sold its 22.8% interest in a gas field in Papua New Guinea to Oil Search Ltd. for USD $900M plus further contingent payments.
Jayant Bhandari, Senior Analyst, Anarcho Capital
A distinguished speaker and published author, Mr. Bhandari advises institutional investors on opportunities in the natural resource sector on a global scale. He previously worked as an Analyst with US Global Investors from 2006-2011 and for Casey Research one year prior. Mr. Bhandari obtained his Bachelor of Engineering from SGSITS in India and received his MBA from Manchester Business School.
Stephen Swatton, Chief Executive Officer at Brazil Resources Inc.
With over 28 years of experience, Mr. Swatton, a field geologist by training, brings both technical and senior managerial experience to the Advisory Board. Currently the Chief Executive Officer and President of Brazil Resources Inc., Mr. Swatton from 2004-2008 served as BHP Billiton’s Global Head of Business Developments, Exploration Division. He commenced his career as a field geologist for Rio Tinto from 1984-1991. Mr. Swatton received his Bachelor of Science in Geology from Portsmouth University and his Masters in Exploration Geology from the University of Alberta.
Jason Dunning, President & Principal Geologist at Headframe Geoscience Ltd.
A professional geologist in both base and precious metals, Mr. Dunning brings to the Callinex Advisory Board over 20 years of experience in project evaluation and development. He previously served as a Project Geologist for Hudbay Exploration and Development Co. Ltd. in Manitoba where he focused on mining operations in close proximity to Callinex’s current portfolio of projects in the Flin Flon VMS mining district. Mr. Dunning has also served as Vice President, Exploration for Alamos Gold Inc., Selwyn Resources Ltd., Yukon Zinc Corp. and StrataGold Corp. Mr. Dunning received an Honours Bachelor of Science in Geology from Carleton University and a Masters in Geology from Laurentian University.
About Callinex Mines Inc.
Callinex Mines Inc. owns a portfolio of Canadian exploration assets in various stages of development. The portfolio consists of gold, silver, copper, molybdenum, lead, zinc, nickel, and graphite projects located in the provinces of Manitoba and British Columbia.
For additional information, please contact:
Callinex Mines Inc.
Max Porterfield, President and Chief Executive Officer
Phone: (604) 605-0885
Neither the 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 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. Callinex does not assume the obligation to update any forward-looking statement.