Callinan Mines Ltd., pursuant to its stock option plan and subject to regulatory approval, has granted incentive options to directors, officers, employees and consultants for the purchase of a total of 661,000 common shares in its capital. The options are exercisable on or before May 30, 2013 at the price of $2.94 per share.

On Behalf of the Board,

Mike Muzylowski

President and CEO

SOURCE: Callinan Mines Ltd.

Braden Maccke, 736 Granville Street, Suite 1100, 736 Granville Street, Suite 1100, Vancouver, BC, V6Z 1G3, Telephone: (604) 605-0885, Fax: (604) 605-0886, Email: [email protected], Website: www.callinan.com