Callinex Reports Final Drill Results to be Included in Upcoming PEA

VANCOUVER, April 4, 2018

• Final drill results received where 13 of 15 reported drill holes intersected significant zinc mineralization;
• Drill hole NC17-261 intersected 23.0m of 4.2% Zn Eq. from a starting depth of 11.0m including 8.3m of 6.0% Zn Eq.; and
• Callinex expects to release an updated NI 43-101 Mineral Resource Estimate within 15 days and PEA in late-May.

VANCOUVER, April 4, 2018 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF)  is pleased to announce final drill results where 13 of 15 reported drill holes intersected significant zinc mineralization ("Zn Eq.") at the Company's 100% owned Nash Creek Project located within the Bathurst Mining District of New Brunswick (See Figures 1 and 2). The drill holes were completed to test for extensions of mineralization along the margins of the Nash Creek Deposit while also confirming historic drill holes completed at the Hickey Zone during the 1970s.

Significant results include:

• Drill hole NC17-261 intersected 23.0m of 4.2% Zn Eq. from a starting depth of 11.0m including 8.3m of 6.0% Zn Eq.;
• Drill hole NC17-273 intersected 10.0m of 2.6% Zn Eq. from a starting depth of 29.0m including 5.0m of 3.8% Zn Eq.; and
• Drill hole NC17-279 intersected 23.0m of 2.6% Zn Eq. from a starting depth of 62.0m including 8.0m 3.7% Zn Eq. and a separate intersection of 8.0m of 3.7% Zn Eq. from a starting depth 106.0m.

*For complete drill results along with zinc equivalent calculations refer to Table 1.

With final results now received, Callinex anticipates announcing an updated NI 43-101 mineral resource estimate within 15 days, subject the completion of the resource model by Tetra Tech Inc. The updated mineral resource estimate will include an additional 59 drill holes completed in 2017 that materially expanded the size of the Nash Creek Deposit to the north, where mineralization remains open for expansion.

The 2016 mineral resource estimate for the Nash Creek Deposit estimates a near surface indicated resource totaling 712 million pounds Zn Eq. and inferred resource totaling 88 million pounds of Zn Eq. (See Table 2).  The Company's Superjack Project hosts an additional near-surface inferred resource totaling 328 million pounds of Zn Eq. in the Bathurst Mining District (See Table 2).

Callinex also anticipates announcing results for its maiden Preliminary Economic Assessment ("PEA") on the Nash Creek and Superjack Project in late-May. In September, 2017 the Company engaged P&E Mining Consultants Inc. and has since completed significant work towards completion of the PEA.