Callinex Appoints New Executive Officers

VANCOUVER, Feb. 24, 2012 /PRNewswire/ - Callinex Mines (TSX.V:CNX) (OTCQX:CLLXF) is pleased to announce the appointment of its new executive officers. New CEO Anna Stylianides and President / COO J.J. O'Donnell have been with the company since its formation, and have in depth knowledge of its business and activities. Former President and CEO Mike Muzylowski will remain with the company as Non-Executive Chairman.

J.J. O'Donnell has extensive experience in the Flin Flon and Snow Lake mining camps, where Callinex operates the majority of its properties. Mr. O'Donnell has over 25 years of experience in base and precious metal exploration and mining operations. His 8 years as Senior Mine Geologist at HudBay Minerals gave him a particularly detailed understanding of the nature of the deposits in the Flin Flon - Snow Lake greenstone belt. Mr. O'Donnell is a graduate of Brandon University (B.Sc. Geology, 1987) and is a member of the Association of Professional Engineers and Geoscientists of Manitoba and Saskatchewan. Mr. O'Donnell will continue to design and direct the company's exploration activity.

Anna Stylianides has been a director of Callinex since its formation in 2011. She holds a law degree from the University of the Witwatersrand. Ms. Stylianides' owns a considerable track record of success as a CEO, most notably as CEO of Surgical Spaces, Inc. Group of Companies, which was acquired by Centric Health in 2010. Ms. Stylianides also chairs the audit committee at Callinan Royalties, and serves as Chairman of the Board of Eco Oro Minerals (formerly Greystar Resources). Her familiarity and extensive knowledge of the securities regulatory regime in Canada and the United States has been a valuable asset to the company.

Former CEO Mike Muzylowski, a recent inductee to the Canadian Mining Hall of Fame will continue to work closely with the company as Non-Executive Chairman of the Board. The Board wishes to thank him for his service as CEO, and is looking forward to his continued support and insight in matters of both mineral exploration and corporate finance.

On Behalf of the Board of Directors,

J.J. O'Donnell

J.J. O'Donnell

President and COO

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. Callinan does not assume the obligation to update any forward-looking statement.

SOURCE Callinex Mines Inc.



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