Callinex Mines Inc. (CLLXF: OTCQX International) | “Neuron” Exploration Property Now Fully Staked

OTC

“Neuron” Exploration Property Now Fully Staked

Jan 17, 2014

OTC Disclosure News Service

Vancouver, BC, Canada

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January
17, 2014

?Neuron? Exploration Property Now Fully Staked

VANCOUVER ? Callinex Mines Inc. (CNX:TSX.V)
(OTCQX:CCNMF) 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,

Mike Muzylowski

Mike Muzylowski

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.

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