VANCOUVER — Callinex Mines Inc. (TSX.V:CNX) (OTCQX:CLLXF) is pleased to announce that it has received final title from the Manitoba Department of Mines for the 17,500 hectares of Mineral Exploration Licenses in Northern Manitoba previously reported as having been applied for. This final government approval brings the land package in the district to a total of 44,300 hectares in area. Callinex is the sole holder of the Mineral Exploration Licenses, and several additional mineral claims. The Company has acquired this land package strategically, for the purpose of discovery-oriented graphite exploration.
As previously reported, the property, called the “Neuron” property, was the subject of a 1,850 line-kilometer VTEM survey conducted by the company this past fall. The survey uncovered several areas of conductivity coincident with magnetic lows, which the company’s exploration team has identified as potential targets for graphite mineralization. The Company has received a drill permit and access to the property is being arranged via winter roads. The Company plans to begin an exploration program at the earliest possible date.
In other news, JJ O’Donnell has made a transition away from his role as President and CEO, and as a member of the board of directors to a position as a technical advisor. Mr. O’Donnell has accepted a position at a private mining company, and will no longer be able to make the time commitment required of a chief executive. The company thanks him for his service in his former role, and is pleased to be able to continue to draw on his knowledge and experience as a technical advisor.
Chairman Mike Muzylowski will step in as interim CEO and President in Mr. O’Donnell’s absence.
On Behalf of the Board of Directors,
Chairman and CEO
JJ O’Donnell, a qualified person as defined by National instrument 43-101, has reviewed and approved the technical contents of this release. 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.