Callinex Mines Inc. announced a non-brokered private placement of up to 400,000 hard dollar units at a price of CAD 1.25 per unit for the gross proceeds of CAD 500,000 and up to 471,698 Manitoba flow-through units at a price of CAD 2.12 per unit for the gross proceeds of CAD 1,000,000 for the total gross proceeds of CAD 1,500,000 on July 10, 2024. Each HD Unit shall consist of one common share and one-half of one transferable common share purchase warrant. Each FT Unit shall consist of one flow-through common share and one-half of one transferrable Warrant to be issued on a non-flow-through basis.

Each Warrant shall be exercisable into one additional common share for two (2) years from closing at an exercise price of CAD 2.00 per Warrant Share. Closing of the Offering is subject to the acceptance of the TSX Venture Exchange.