C O R P O R A T E P R E S E N T A T I O N T S X - V: C N X | O - - PowerPoint PPT Presentation

C O R P O R A T E P R E S E N T A T I O N

T S X - V: C N X | O T C Q X : C L L X F

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C A L L I N E X C O R P O R AT E P R E S E N TAT I O N T S X - V: C N X | O T C Q X : C L L X F

This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward- looking information and statements refmect current views with respect to future events and are subject to risks, uncertainties and assumptions. The Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can generally be identifjed by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as “targets”, “believes”, “expects”, “aims”, “assumes”, “intends”, “plans”, “seeks”, “will”, “may”, “anticipates”, “would”, “could”, “continues”, “estimate”, “milestone” or other words of similar meaning and similar expressions or the negatives thereof. By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks

• r uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company’s actual fjnancial condition or results
• f operations could differ materially from that or those described herein as anticipated, believed, estimated or expected. Any forward-looking

information or statements in this presentation speak only as at the date of this presentation. The Company does not intend, and expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including forward looking information and statements, whether to refmect changes in the Company’s expectations with regard thereto or as a result of new information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based. Given the aforementioned uncertainties, prospective investors are cautioned not to place undue reliance on any of these forward-looking statements. Note on Technical Disclosure

• Mr. Jason K. Dunning, M.Sc., FSEG, P

.Geo. is a qualifjed person as defjned by National Instrument 43-101, who has supervised the preparation

• f the scientifjc and technical information that forms the basis for the disclosure with respect to the results of exploration on the Company’s

projects, as contained on this website. Mr. Dunning is an independent, professional consultant for Headframe Geoscience based in Toronto, Ontario, Canada.

F O R W A R D L O O K I N G I N F O R M A T I O N

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O U R H I S T O R Y , O u r m i s s i o n

OUR MISSION

To drive shareholder value by discovering economic VMS deposits in Manitoba

Callinan Mines, founded by Jack Callinan in 1927, has had a major presence in the Flin Flon mining district in Manitoba, Canada 777 VMS Mine, discovered on Callinan claims, commences production and royalty payments begin Callinan Mines splits into two entities: Callinan Royalties and Callinex, which holds the exploration portfolio today Callinex renews exploration focus on VMS deposits in Manitoba

1927 2011 2014

OUR HISTORY

2004

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TSX-V: CNX I OTCQX: CLLXF

C O R P O R A T E O V E R V I E W

Market Cap

$15.2 Million

Closing Price

$0.32

(8/5/2015)

Shares Outstanding

47.7 Million

RECENT TRADING CAPITAL STRUCTURE ENTERPRISE VALUE

52-Week Range

$0.16 - $0.40

Options Outstanding

3.0 Million

($0.34 VWAP)

Debt

$0

Warrants Outstanding

3.9 Million

($0.44 VWAP)

Cash

$4.0 Million

As of 8/01/2015

Average Daily Volume (3 - mo)

41,650

All information as of 8/5/2015 unless otherwise stated

C O R P O R A T E O V E R V I E W

TSX-V: CNX I OTCQX: CLLXF

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M A N A G E M E N T T E A M

Mike Muzylowski

Chairman

Max Porterfjeld

CEO, President and Director

Nico Civelli

VP Finance and director

Rebecca Moriarty

Chief financial officer

A renowned geologist and member of the Canadian Mining Hall of Fame with over 50 years

• f experience which has included

the discovery and development

• f 16 mineral deposits through to

production Over ten years of experience in natural resources and fjnancial markets, previously with Brazil Resources Inc. and US Global Investors An independent fjnancial advisor specializing in natural resources, and the VP of Finance for Pacifjc LNG which recently sold to Oil Search Ltd. for $900 million USD A Chartered Accountant with over 14 years of experience related to the mining industry, previously with PwC providing corporate fjnance, strategic planning and regulatory compliance services

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d i r e c t o r s A n d a d v i s o r y b o a r d

DIRECTORS ADVISORY BOARD

Keith Minty

An experienced mining engineer currently serving as the Senior VP

• f Business Development at Stope Capital Advisors and a Director of

Auryn Resources Inc., previously the Chief Operating Offjcer of Thani Emirates Resource Holdings Ltd.

Carlo Civelli, Chairman

Since founding Clarion Finanz AG in 1980, Mr. Civelli has been instrumental in funding early stage investments, nearly a dozen of which have developed into billion dollar market cap companies

Peter Schriber

A Co-Founder of PI Financial, Mr. Schriber is an independent fjnancial consultant with an extensive history in merchant and commercial banking, specializing in corporate fjnance

Jason Dunning

Over 20 years experience in base and precious metal exploration, currently serving as the Manager of Nystar’s Mining Group, one of the world’s largest zinc producers, and previously a Project Geologist with Hudbay focused on the Flin Flon area

Michael Louie

A Principal in D+H Group LLP with 25 years of accounting experience, specifjcally working on behalf of First Nations organizations and specializing within the Canadian mining sector

Steve Swatton

Over 28 years of experience in both technical and senior managerial experience, previously the Global Head of Business Development for BHP Billiton’s Exploration Division

Jayant Bhandari

A Senior Analyst of Anarcho Capital, distinguished speaker and published author, Mr. Bhandari advises institutional investors about opportunities in the natural resources sector on a global scale

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• u r c h a i r m a n

TRACK RECORD

Played a lead role in the discovery and/or development of 16 mines including Trout Lake, Hycroft and New Afton

ACCOLADES

Inducted to Canadian Mining Hall of Fame and recipient of the Developer

• f the Year award by PDAC

PREVIOUS SUCCESS

Built numerous mining companies, notably Callinan Mines, Granges and Hycroft

TRAILBLAZER

Among the fjrst to access capital in foreign fjnancial centers and implement geophysics in mineral exploration

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HIGH GRADE

Polymetallic deposits containing Copper, Zinc, Lead, Gold and Silver

FORMATION

Deposits

• ccur

where mineral rich, superheated water is brought to the surface by volcanic activity

DISTRICT SCALE

Most VMS deposits occur in clusters that defjne major mining districts, such as Flin Flon

PREVALENCE

350 deposits and major VMS occurrences in Canada; Manitoba hosts the second largest number of deposits in the nation1

Source: 1 Mineral Deposits of Canada, Volcanogenic Massive Sulphide Deposits

VOLCANOGENIC MASSIVE SULPHIDE DEPOSITS

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W H Y M A N I T O B A

MANAGEMENT EXPERIENCE

Over 50 years of experience and 13 mines discovered in Manitoba

MINERAL ENDOWMENT

Rich history of development with 67 mines since 1913

INFRASTRUCTURE

Projects located nearby current mining

• perations with road and power access

WORLD CLASS JURISDICTION

Ranked 4th globally for Investment Attractiveness1 including cash subsidies

• f up to $200,000 per year for approved

exploration expenditures

1Source: Fraser Institute: Survey of Mining Companies (2014)

W H Y M A N I T O B A

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F L I N F L O N M I N I N G D I S T R I C T

Flin Flon (100 Mt) Snow Lake (60 Mt)

Clusters of VMS deposits make up the Flin Flon/Snow Lake mining districts in the Flin Flon Greenstone Belt

CLUSTER EFFECT

Initial Production

Average Depth Deposit Size

• 1500
• 1200
• 900
• 600
• 300

20+ 16 12 8 4

1916 1930 1948 1955 1955 1982 1990 2004 2013

Average Depth (m) Deposit Size (Million Tonnes)

1975

DEPTH OF MINES

777 Trout Lake Lalor North Star Flin Flon Cuprus Mandy Don Jon

Recent discoveries have been larger in size and deeper than previously found

Centennial Callinan

SUCCESS RATE

Continuous mining since the 1920’s with the discovery of over 50 VMS deposits, leading to the development

• f 32 mines

INFRASTRUCTURE

Over $1.6 billion invested towards mine development with road, rail, power and water infrastructure to facilitate quick development of new discoveries

TIMELINES AND CAPEX

Typically less than six years from discovery to development with reduced capital expenditures

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MINE DEPLETION The Flin Flon concentrator has excess capacity and requires additional ore within 4 - 5 years:

• 777 Mine to be exhausted by 2020
• Reed Lake Mine to be exhausted 2019

EXPLORATION FOCUS $20 million 2015 exploration budget primarily focused on expanding existing deposits, leaving little room for new discoveries REED LAKE MINE Hudbay acquired the small high grade VMS deposit in exchange for a 30% carried interest to the vendor. Reed Lake

• re is hauled more than 100 km to the Flin Flon concentrator

H U D B A Y ' S M A N I T O B A O P E R A T I O N S

“The key elements of our plan are to acquire VMS and porphyry exploration and development properties that are located in mining-friendly jurisdictions in the Americas and have exploration upside potential” David Garofalo President and CEO

Letter to Shareholders, May 8, 2014

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s t r a t e g i c p r o j e c t P o r t f o l i o

KILOMETERS 2

N

LEGEND

Historic Mine Deposit Pine Bay Shaft Callinex Mineral Lease Callinex Claims Hudbay Claims Road Power Rail 777 Mine Flin Flon, MB Flin Flon Project Pine Bay Project

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Callinex's exploration approach

Callinex has acquired new data to assist exploration and recently completed the following:

• Compiled and digitized historic data including
• ver 1,000 drill holes for the fjrst time
• Conducted modern airborne and ground

geophysics

• Evaluated previous operators’ exploration

models with current data to determine validity and future opportunities

• Modeled historic deposits in 3-D and

identifjed potential areas for expansion

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1 2

PHASE TWO DRILL PROGRAM

AUGUST 2015

PHASE TWO DRILL RESULTS

SEPTEMBER - OCTOBER

2015 drilling campaign

• Phase One results highlighted by hole PBM004 with 18.1 meters of 5.5% Cu
• Eq. over a larger interval of 44.2 meters of 4.0% Cu Eq.
• Phase Two campaign will consist of approximately 5 holes to test prospective

land-based targets at the Flin Flon and Pine Bay VMS Projects

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OWNERSHIP

Large 6,000 ha property, 100% owned subject to 1% NSR

INFRASTRUCTURE

Located within 16km to the Flin Flon concentrator

PROSPECTIVITY

Recently consolidated land package that hosts four historic mines

HISTORIC RESOURCES

1.6 million tons of 2.81% copper equivalent

* Historic resource estimates on the property total 1.62 Mt at a grade of 2.81% copper equivalent for the Pine Bay, Cabin, Baker Patton and Sourdough deposits are based

• n data and reports prepared by the previous operators:

Wright Engineers in 1970, Pine Bay Mines in 1976, McMillan in 1968 and Keys in 1963. The company has not completed the work necessary to have the historical estimate verifjed by a QP . The company is not treating the estimate as a current 43-101 defjned resource and the historical estimate should not be relied upon. The property will require future exploration.

P I N E B A Y P R O J E C T

N

LEGEND

Historic Mine

Deposit Mine Shaft Callinex Mineral Lease Callinex Claims Hudbay Claims Road Power Rail

Pine Bay Project

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Pine Bay has been advanced as a high-grade 550 ton per day underground operation The project includes a 212m vertical shaft with 760m of underground development and advanced permitting status A modest increase in the size of deposits could have signifcant implications The 8km long Sourdough Trend has potential for several new discoveries

P i n e B a y - A d v a n c e d E x p l o r a t i o n

” T h e b e s t p l a c e t o f i n d a m i n e i s i n t h e s h a d o w o f a h e a d f r a m e ”

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KILOMETERS 2

N

1 K M R A D I U S

• 1

V M S D E P O S I T S

OWNERSHIP

Large 2,455 ha property, 100% control subject to 2% NSR

INFRASTRUCTURE

Located within 5km via highway to the Flin Flon concentrator

PROSPECTIVITY

Strategic land position with limited historic drilling surrounded by Hudbay claims

GEOPHYSICAL SURVEY

2015 groud geophysical surveys identifjed several prospective geophysical targets

F L I N F L O N P R O J E C T

777 Mine

N

LEGEND

Mine Site Callinex Deposit Powerline Highway Rail Callinex Claims Hudbay Minerals Claim Currently Staked Area

Flin Flon Project 777 Mine

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COVERING CALLINEX AND HUDBAY CLAIMS

2015 VTEM analysis identifjed several additional prospective targets

Potential for signifjcant massive sulphide deposit Untested 350m x 400m coincident EM/magnetic anomaly adjacent to fault and intrusives Signifjcant conceptual thickness based

• n

independent geophysical interpretation

ELECTROMAGNETIC STACKED PROFILES FOR Z COMPONENT TOTAL MAGNETIC INTENSITY

Hudbay Callinex

H o o k l a k e t a r g e t

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D E E P E R E X P L O R A T I O N P O R T F O L I O

PROJECT GEOGRAPHY INFRASTRUCTURE TOTAL ACREAGE MINERAL Island Lake Manitoba/Ontario Border Winter Road 5,306 Au Gossan Near Flin Flon, Manitoba Railway 7,444 Au Neuron SW of Thompson, Manitoba Helicopter 73,000 C Coles Creek Near Smithers, British Columbia Helicopter 12,552 Cu-Ag-Mo Sneath Lake Snow Lake area, Manitoba Paved Road 1,431 Cu-Zn-Pb Keputch Central Saskatchewan Helicopter 73 Cu-Zn-Pb Cedar Near Flin Flon, Manitoba Paved Road 352 Cu-Zn-Pb Kobar Snow Lake area, Manitoba Helicopter 453 Cu-Zn-Pb Cook Lake Snow Lake area, Manitoba Helicopter 16 Cu-Zn-Pb Herblet Lake Snow Lake area, Manitoba Paved Road 2,441 Cu-Zn-Pb Norris Lake Snow Lake area, Manitoba Logging Road 1,950 Ni-Cu Tramping Lake Snow Lake area, Manitoba Logging Road 1,228 Cu-Zn-Pb Moak Near Thompson, Manitoba Gravel road 429 Ni-Cu Pine Near Thompson, Manitoba Paved Road 1,612 Cu-Zn-Pb Fox River Near Gillam, Manitoba Helicopter 3,792 Ni-Cu

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I N V E S T M E N T S U M M A R Y

PROJECT PORTFOLIO

Exploration projects located within Manitoba’s prolifjc mining camps

STRONG TEAM

Experienced in economic VMS discovery and access to capital markets

TIGHT CAPITAL STRUCTURE

Supportive North American and European shareholder base with a long-term outlook

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604.605.0885 info@callinex.ca www.callinex.ca Corporate Head Offjce 1110 - 555 West Hastings Street Vancouver, BC Canada V6B 4N4 President and CEO: Max Porterfjeld Corporate Counsel: Northwest Law Group Auditors: Davidson & Company LLP

C O N T A C T I N F O R M A T I O N