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
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 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 or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company’s actual fjnancial condition or results of 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 of 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. 2 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
O U R H I S T O R Y , O u r m i s s i o n OUR HISTORY Callinan Mines, founded by Jack Callinan 1927 in 1927, has had a major presence in the Flin Flon mining district in Manitoba, Canada OUR MISSION 777 VMS Mine, discovered on Callinan 2004 claims, commences production and To drive shareholder value by discovering royalty payments begin economic VMS deposits in Manitoba Callinan Mines splits into two entities: 2011 Callinan Royalties and Callinex, which holds the exploration portfolio today Callinex renews exploration focus on 2014 VMS deposits in Manitoba T S X - V: C N X | O T C Q X : C L L X F 3 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
C O R P O R A T E O V E R V I E W C O R P O R A T E O V E R V I E W TSX-V: CNX I OTCQX: CLLXF TSX-V: CNX I OTCQX: CLLXF RECENT TRADING CAPITAL STRUCTURE ENTERPRISE VALUE Closing Price Shares Outstanding Market Cap $0.32 47.7 Million $15.2 Million (8/5/2015) 52-Week Range Options Outstanding Debt $0.16 - $0.40 3.0 Million $0 ($0.34 VWAP) Average Daily Volume (3 - mo) Warrants Outstanding Cash 41,650 3.9 Million $4.0 Million ($0.44 VWAP) As of 8/01/2015 All information as of 8/5/2015 unless otherwise stated 4 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
M A N A G E M E N T T E A M Mike Muzylowski Nico Civelli Rebecca Moriarty Max Porterfjeld VP Finance and director Chief financial officer Chairman CEO, President and Director A renowned geologist and Over ten years of experience in An independent fjnancial advisor A Chartered Accountant with over member of the Canadian Mining natural resources and fjnancial specializing in natural resources, 14 years of experience related to Hall of Fame with over 50 years markets, previously with Brazil and the VP of Finance for Pacifjc the mining industry, previously with of experience which has included Resources Inc. and US Global LNG which recently sold to Oil PwC providing corporate fjnance, the discovery and development Investors Search Ltd. for $900 million USD strategic planning and regulatory of 16 mineral deposits through to compliance services production T S X - V: C N X | O T C Q X : C L L X F 5 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
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 Carlo Civelli, Chairman Since founding Clarion Finanz AG in 1980, Mr. Civelli has been An experienced mining engineer currently serving as the Senior VP instrumental in funding early stage investments, nearly a dozen of which of Business Development at Stope Capital Advisors and a Director of have developed into billion dollar market cap companies Auryn Resources Inc., previously the Chief Operating Offjcer of Thani Emirates Resource Holdings Ltd. Jason Dunning Peter Schriber Over 20 years experience in base and precious metal exploration, A Co-Founder of PI Financial, Mr. Schriber is an independent fjnancial currently serving as the Manager of Nystar’s Mining Group, one of the consultant with an extensive history in merchant and commercial world’s largest zinc producers, and previously a Project Geologist with banking, specializing in corporate fjnance Hudbay focused on the Flin Flon area Steve Swatton Michael Louie Over 28 years of experience in both technical and senior managerial A Principal in D+H Group LLP with 25 years of accounting experience, experience, previously the Global Head of Business Development for specifjcally working on behalf of First Nations organizations and BHP Billiton’s Exploration Division specializing within the Canadian mining sector 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 6 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
o 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 of 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 T S X - V: C N X | O T C Q X : C L L X F 7 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
VOLCANOGENIC MASSIVE SULPHIDE DEPOSITS HIGH GRADE Polymetallic deposits containing Copper, Zinc, Lead, Gold and Silver FORMATION Deposits occur 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 nation 1 Source: 1 Mineral Deposits of Canada, Volcanogenic Massive Sulphide Deposits 8 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
W H Y M A N I T O B A 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 operations with road and power access WORLD CLASS JURISDICTION Ranked 4 th globally for Investment Attractiveness 1 including cash subsidies of up to $200,000 per year for approved exploration expenditures 1 Source: Fraser Institute: Survey of Mining Companies (2014) T S X - V: C N X | O T C Q X : C L L X F 9 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
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