Callinex Mines Inc. provides additional drill results from its ongoing drilling campaign at the Pine Bay Project located near Flin Flon, Manitoba. The company has received assay results from drill hole 284-3-93W02 and 95-02-DPN. Hole 284-3-93W02 was drilled to test a Borehole Pulse ElectroMagnetic (‘BPEM’) anomaly believed to be associated with the Pine Bay VMS Horizon and provide an approximate 60m step-out intersection above the recent discovery in hole 284-3-93-DPN (See news release dated November 1, 2016). Drill hole 284-3-93W02 successfully intersected the Pine Bay Horizon between 1264.2m-1272.4m and cut three copper-rich, chalcopyrite stringer-bearing intervals within a strongly altered felsic volcanic package, including one interval with 0.2m of 3.42% Cu. A partial BPEM survey that was completed to a down-hole depth of 1,112m identified a sizeable untested off-hole geophysical target along strike to the southwest. Since the closest drill hole to intersect the horizon is well over 500m away, this leaves a large new prospective area open for further exploration. The company plans to extend drill hole 95-02-DPN, located approximately 400m along strike to the southwest from the 284-3-93W02 hole to test this area and the interpreted new BPEM anomaly associated with the Pine Bay Horizon. The 284-3-93W02 wedged drill hole also tested an area approximately 60m above the 10.3m intersection grading 13.1% Zn Eq. cut by 284-3-93-DPN. It appears that a post-ore mafic dyke replaced the massive sulphide zone in this immediate area of the Cabin VMS Horizon. The hole did intersect footwall mineralization immediately preceding the mafic dyke over a 5.7m interval grading 1.04% Zn, which is comparable to the weak footwall mineralization intersected prior to the 10.3m massive sulphide intersection in hole 284-3-93-DPN. The company has also recently completed drill hole PBM-017 and anticipates shutting down the rig drilling PBM-019 later today. Both holes were drilled to test the down plunge extent of the 284-3-93-DPN zone approximately 300m beneath the intersection. These holes did not intersect significant massive sulphide mineralization but did intersect very strong alteration within a favorable rock package. A BPEM survey completed on PBM-017 did not appear to identify any nearby conductors and a survey will be completed PBM-019 imminently. Results from the BPEM survey on PBM-019 and 95-02-DPN will guide the Company in determining additional drill targets in the direct vicinity of 284-3-93-DPN. It is anticipated that exploration will increasingly focus on prospective areas along strike of this new zone where no previous drilling has occurred in either direction beneath a depth of 200m. Drill hole 95-02-DPN intersected a 1.7m wide stringer zone grading 1.99% Cu that included a 0.6m interval grading 4.72% Cu. Lithogeochemical data has indicated that this drill hole intersected approximately 540m of highly altered felsic rocks in the immediate footwall of the Cabin Horizon and its underlying Baker Patton VMS Horizon that the 1.7m thick copper zone occurs within. A borehole survey of 95-02-DPN was attempted but was unable to be completed due to a blockage at 527m down-hole. A drill rig will be moved back to the drill collar location in order to clean out the hole and complete a new BPEM survey.