Callinex Mines Inc. announced assay results from four drill holes as part of the recently completed 35 drill hole campaign at the company's 100% owned Nash Creek Deposit located within the Bathurst Mining District of New Brunswick. Drill hole NC17-257 returned exceptional near-surface results with a 15.0m intersection grading 7.2% zinc equivalent (‘Zn Eq.’) mineralization including 9.0m of 11.1% Zn Eq. from a starting depth of 113.0m. These four holes have expanded the Nash Creek Deposit an additional 180m to the north of the initial 2017 summer drilling campaign, and 600m north of the mineral resource. The deposit remains open for expansion to the north and south. Highlights from these four drill holes include: Hole NC17-248 intersected 13.0m of 2.5% Zn Eq. including 4.6m of 4.5% Zn Eq. at a starting depth of 82.0m; Hole NC17-255 intersected 21.0m of 2.8% Zn Eq. including 9.0m of 5.5% Zn Eq. at a starting depth of 118.0m; Hole NC17-257 intersected 15.0m of 7.2% Zn Eq. including 9.0m of 11.1% Zn Eq. at a starting depth of 113.0m; and Hole NC17-269 intersected 7.0m of 3.2% Zn Eq. including 3.0m of 6.6% Zn Eq. at a starting depth of 108.5m. Callinex plans to delineate the extent of the Nash Creek Deposit along strike in both directions along a 3 km long zinc-lead soil anomaly, of which only the southern 2 km has been drilled and is coincident with the Nash Creek Deposit. The Company also plans to test satellite zones that are open for expansion and commence a district-scale exploration program along the 20 km long land package. The Nash Creek Deposit hosts a near surface indicated resource totaling 712 million pounds Zn. Eq. and inferred resource totaling 88 million pounds of Zn Eq. The Company's Superjack hosts an additional near-surface inferred resource totaling 328 million pounds of Zn Eq. in the Bathurst Mining District. The Project benefits from tremendous infrastructure within close proximity. The Nash Creek Deposit is located approximately 1 km from Provincial Highway 11, high-voltage transmission lines and only 25 km by road to Glencore's Brunswick Smelter, deep water port, railway and power plant near the town of Belledune. Callinex is currently working towards publishing an updated resource estimate and maiden Preliminary Economic Assessment (‘PEA’). The PEA is expected to have a base-case scenario of a standalone open pit operation with potential to process between 15 to 20 million tonnes of material using dense media separation (‘DMS’) as a pre-concentration process before the material would be delivered to a conventional flotation mill. Metallurgical test work indicates the Nash Creek Deposit is amenable to conventional flotation techniques with recoveries of 91% for zinc and 82% for lead based on a coarse grind size. Additional tests also indicate that the current resource grade could be upgraded with the use of dense media separation to a head grade of 5-7% Zn Eq. Mineralization at the Nash Creek Deposit is hosted in both felsic and mafic units, with porosity and structure (specifically faults/fracture zones) being the key features that control the extent and distribution of the mineralization. Zinc mineralization is hosted in a low iron sphalerite that is difficult to visually estimate and lead mineralization is hosted in galena. The mineralized envelopes (lenses) are sub-horizontal and appear to cross-cut the shallow east dipping stratigraphy. Drilling in the northeastern area has indicated that the stratigraphy appears to dip more steeply towards the northeast portion of the deposit than other areas. Also, this area appears to have a significantly higher ratio of zinc relative to lead and silver as compared to other portions of the deposit.