VCG.V · 2017-05-30 12:00:00

Callinex Commences Drilling Campaign in the Bathurst Mining District of New Brunswick

Exploration Programs

Highlights:

2017

Bathurst

drilling campaign planned to complete up to 10,000m at the

Nash Creek

and Superjack projects;

The primary objective of the

Nash Creek

phase will be to identify potential to expand the near-surface mineral resource to the north; and

A second drill rig is anticipated to arrive within 30 days.

VANCOUVER

May 30, 2017

/CNW/ -

Callinex Mines Inc.

(the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has

commenced its 2017 Bathurst drilling campaign (the "Campaign") to complete up to 10,000m at the

Nash Creek

and Superjack Volcanogenic Massive Sulphide

("VMS") projects located in the Bathurst Mining District of northern

New Brunswick

(See Figure 1). The Campaign is underway at the Nash Creek Project with one

drill rig and a second rig is planned to arrive within 30 days. The drill rigs will be re-mobilized to the Superjack Project in late-June after drilling is concluded at

Nash Creek

. The Company anticipates 20 to 30 drill holes will be completed at the Nash Creek Project totaling 3,500 to 6,000m and four to eight drill holes at the

Superjack Project totaling 2,500 to 4,000m.

Max Porterfield

, President and CEO, stated, "We are pleased to be commencing the Company's maiden exploration campaign at the

Nash Creek

and Superjack

Projects in the Bathurst Mining District. These projects each host considerable near-surface, zinc-rich deposits that are open for expansion and are located within

an established mining district that has produced over 130 million tonnes of ore." Mr. Porterfield continued, "In the midst of a zinc market with major supply

shortfalls forecasted, these assets have the potential to provide significant leverage given their resource size, location and prospects for further exploration and

development."

The Nash Creek Project is ideally situated approximately 1 km south of Provincial Highway 11, about 100 km by road to Trevali's Caribou Mine and 25 km by road

to Glencore's

Belledune

lead/silver smelter, which has direct railway access to Glencore's Canadian zinc smelting and refining operations. The current mineral

resource contains

an Indicated mineral resource totaling 9.0 Mt grading 3.6% Zn Eq. and an Inferred mineral resource totaling 1.1 Mt grading 3.6% Zn

Eq. that are open for expansion

(See Table 1). In conjunction with dense media separation, it is expected that a head grade of 5-7% Zn Eq. could be achieved

with excellent recoveries of 91% for zinc and 82% for lead based on previous metallurgical testing (See News Release dated

September 12, 2016

The primary objective of the

Nash Creek

phase of the Campaign will be to identify potential to expand the near-surface mineral resource to the north by testing a

series of Induced Polarization ("IP") resistivity (See Figure 2) and soil anomaly targets. The Company has completed 3D geophysical inversions and concluded

that the known Nash Creek VMS mineralization correlates very well with 3D-IP resistivity lows and, to a lesser extent, some of the 3D magnetic lows. All of the IP

targets proposed for 2017 drill testing occur within the same stratigraphic package known to host the current mineral resources.

Many of the 3D-IP resistivity targets proposed for drill-testing also have strong local Ag ± Pb ± Zn in soil anomalies that occur within the northern 1.1km of a 2.5

km long zinc-lead-silver soil anomaly. The current

Nash Creek

mineral resources (See Table 1) are contained within the southern 1.4 km portion of the 2.5km soil

anomaly and are often associated with IP resistivity lows, similar to the targets being tested in the sparsely drill-tested northern portion of the soil anomaly.

James Pickell

, PGeo, a qualified person under National Instrument 43-101 and a consultant to Callinex, has reviewed and approved the technical information in

this news release.

Table 1: 2016 Mineral Resource Estimate for the Nash Creek Project

Project

Tonnes

Zn Eq.

(%)

(g/t)

(%)

Contained

Zn Eq.

('000

pounds)

Indicated

9,033,000

3.58

2.79

0.57

18.16

n/a

711,991