Calico fulfills Initial Share Payment to Seabridge

VANCOUVER, June 16, 2011 /CNW/ - Calico Resources Corp. (TSX-V: CKB) (the "Company" or "Calico") is pleased to announce that the initial share payment of 2,000,000 shares has been delivered to Seabridge Gold Inc. ("Seabridge") in accordance with the option agreement to acquire 100% of the Grassy Mountain project.

Calico is eager to begin work on Grassy Mountain and anticipates that drilling on the project will commence this summer.

On behalf of the Board,

William S. Wagener

President and CEO

Cautionary Statement
This document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations.  All statements other than statements of historical fact herein, including, without limitation, statements regarding exploration plans and other future plans and objectives, are forward-looking statements that involve various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate and future events and actual results could differ materially from those anticipated in such statements.  Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company's documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

SOURCE CALICO RESOURCES CORPORATION

For further information:

Terri Anne Welyki - Vice-President of Corporate Development - 604-681-6855

Organization Profile

CALICO RESOURCES CORPORATION

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