Highlights:

VANCOUVER, BC, Jan. 23, 2023 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that it has received final results from of the 2022 exploration campaign to expand and delineate the high-grade copper, gold, silver and zinc Rainbow deposit (the "Rainbow"). The Rainbow is located at the 100% owned Pine Bay Project (the "Project") within a mineral lease, less than 250m from a high-voltage hydroelectric power-line, 550m from a historic shaft with direct road access to processing facilities in Flin Flon, Manitoba. At Pine Bay, Rainbow sits 850m and 1.4km from the historic Pine Bay and newly discovered Alchemist deposits which are all located within the mineral lease (Pine Bay Project Plan View).