Callinex Grants Stock Options

Callinex Grants Stock Options

VANCOUVER, BC

,

Sept. 14, 2020

/CNW/ -

Callinex Mines Inc.

(the "Company" or "Callinex")

(TSXV: CNX) (OTC: CLLXF) announces that it has granted 375,000 stock options to its directors,

officers, employees and consultants. The options are exercisable at

$3.50

per share, subject to

certain vesting requirements and expire five years from the date of grant.

About Callinex Mines Inc.

Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) is advancing its portfolio of base and precious

metals rich deposits located in established Canadian mining jurisdictions. The portfolio is

highlighted by its

Nash Creek

and Superjack deposits in the Bathurst Mining District of

New

Brunswick

. A 2018 PEA outlined a mine plan that generates a strong economic return with a pre-

tax IRR of 34.1% (25.2% post-tax) and NPV8% of

$230 million

(

$128 million

post-tax). The

projects have significant exploration upside over a district-scale land package that encompasses

several high-grade mineral occurrences along a 20km trend.

Click here

to view a video overview

of the Nash Creek Project.

Callinex has a project portfolio that also includes projects within the Flin Flon Mining District of

Manitoba

that are located 25km to an operating processing facility that requires additional ore.

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 the

proposed drill program and the timing and amount of expenditures. Except as required under

applicable securities laws, Callinex does not assume the obligation to update any forward-looking

statement

.

View original content:

http://www.prnewswire.com/news-releases/callinex-grants-stock-options-301130724.html

SOURCE

Callinex Mines Inc.

View original content:

http://www.newswire.ca/en/releases/archive/September2020/15/c5741.html

%SEDAR: 00031889E

For further information:

Callinex Mines Inc., Max Porterfield, President and Chief Executive

Officer, Phone: (604) 605-0885, E-mail: [email protected]

CO: Callinex Mines Inc.

CNW 00:01e 15-SEP-20