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Callinex Mines Inc.

11:46 AM EST - Callinex Mines Inc. : Announced that the first hole completed in the ongoing Phase Two drilling campaign has discovered a new exhalative volcanogenic massive sulphide horizon that hosts copper, zinc, gold and silver at the Company's Pine Bay Project. Hole SDB001 intersected the New Horizon with assays over 7.4 meters of 1.58% copper equivalent mineralization including 2.4 meters of 2.22% copper equivalent mineralization preceded by a 176-metre extensively altered sericite-chlorite zone. Callinex Mines Inc. shares V.CNX are trading up $0.045 at $0.36.