Phillips Lake Drill Permits Received



    VANCOUVER, Jan. 26 /CNW/ - Callinan Mines has received a drilling permit
for its Phillips Lake property in the Thompson Nickel Belt region of northern
Manitoba. Ground based magnetometer and pulse EM surveys are currently being
carried out to further define nickel bearing zones isolated in the 2007-2008
drill program. The drill program, scheduled to begin upon completion of the
geophysical work, is designed to test the magnetic anomalies to depth and on
strike. Mineralization from previous testing was encountered in serpentinized
peridotite similar to that which hosts the nickel deposits along the Thompson
Nickel belt. Highlights of the 2008 drill program are detailed in the table
below. The company is certain that further definition of these targets by
ground geophysics will ultimately lead to a better understanding of these
important structures.

    
    -------------------------------------------------------------------------
    Hole (Angle)             From (m)       To (m)    Width (m)  Nickel Assay
    -------------------------------------------------------------------------
    CAP 6 (-65 degrees)       143.00        147.85        4.85         0.445%
    -------------------------------------------------------------------------
                              197.55        203.90        6.35         0.695%
    -------------------------------------------------------------------------
                              238.80        256.50       17.70         0.448%
    -------------------------------------------------------------------------
    CAP 7 (90 degrees)        131.90        146.10       14.20         0.364%
    -------------------------------------------------------------------------
                              173.90        176.20        2.30         1.352%
    -------------------------------------------------------------------------
    Including                 174.80        175.40        0.60          2.98%
    -------------------------------------------------------------------------
    CAP 13 (-70 degrees)      105.15        125.50       20.35         0.433%
    -------------------------------------------------------------------------
                              153.60        166.00       12.40         0.564%
    -------------------------------------------------------------------------
                              174.40        203.80       29.40         0.351%
    -------------------------------------------------------------------------
    

    Widths represent core lengths, true widths of the mineralized zones
remain unknown. Core samples were shipped from the Phillips Lake site to a
company facility in Snow Lake, Manitoba where they were cut in half and
logged. One half of each sample was then sent via freight to Acme Analytical
Laboratories in Vancouver, BC where they underwent a 37 element ICP-MS
analysis. The remaining halves were placed in core boxes and remain stored at
the company facility in Snow Lake.

    Coles Creek Highlights:

    Along with drilling, Callinan carried out an extensive prospecting
program during the 2008 season at their wholly owned Coles Creek property near
Houston, British Columbia. This prospecting program will help to define zones
and develop targets for future drill programs. A total of 183 samples were
taken at various locations, from both bedrock and float. Highlights from these
samples correspond with known zones of mineralization, and can be found in the
table below:

    
    -------------------------------------------------------------------------
    Sample    Au
    Number  (gm/mt)      Ag (g/mt)                 Cu %     Zn %        Pb %
    -------------------------------------------------------------------------
    78963    0.305               12.6                 -     5.32           -
    -------------------------------------------------------------------------
    78965    0.304                 28             0.102    30.00        0.32
    -------------------------------------------------------------------------
    78978    0.314  (greater than)300             0.281     9.35        7.61
    -------------------------------------------------------------------------
    78990    0.540  (greater than)300             0.338    15.40       24.40
    -------------------------------------------------------------------------
    78991    0.090  (greater than)300             0.230     7.54       16.60
    -------------------------------------------------------------------------
    78994    4.500                 24   (greater than)1     0.03           -
    -------------------------------------------------------------------------
    929499   9.778  (greater than)100             0.048     4.36        0.19
    -------------------------------------------------------------------------
    

    Sample numbers 78963, 78965 and 78990 were volcano-sedimentary rocks,
well mineralized with sphalerite. This is consistent with the sedimentary type
Ag, Pb and Zn mineralization associated with the volcano sedimentary basin
discovered in the 2007 program. Sample number 78994 was malachite stained,
with andesite, and was taken in the vicinity of the Cu, Au, Mo granodiorite
porphyry complex. All samples that returned silver assays greater than 300
g/mt (greater than 9 ounces per ton) will be re-assayed to determine exact
silver content.
    The encouraging results of this sampling program have prompted Callinan
to acquire new ground at Coles Creek, expanding the company's land holdings in
the area to over 15,000 hectares.
    An extensive prospecting program is planned for 2009 which, together with
the 2008 program, will help define future diamond drill hole locations.
    All surface samples were collected and bagged in the field. The GPS
location of each sample was logged at the time of collection by the collecting
prospector before being returned to the Coles Creek camp for inspection by the
site geologist. Samples were then sent to Assayers Canada of Smithers, BC,
where they were crushed, processed and underwent a 24 element multi-leach ICP
analysis. The process of analysis includes a company approved QA/QC protocol
including a pulp duplicate to monitor analytical precision and a reagent blank
to measure background levels.

    
    Corporate Update
    ----------------
    

    As ordered in the ruling of the Court of Queen's Bench of Manitoba of
March 26, 2008, Hudbay Minerals Inc. has delivered to Callinan certain of the
financial records relating to the operation of the Callinan and 777 Mines.
Callinan has retained an independent accountant to review the documents
preparatory to taking further proceedings in Callinan's suit against Hudbay.

    The Coles Creek and Phillips Lake programs are overseen by P.J. DeVeaux,
a qualified person as defined by National Instrument 43-101 who has reviewed
and approved the contents of this release.





For further information:

For further information: Braden Maccke, 736 Granville Street, Suite
1100, Vancouver, BC, V6Z 1G3, Telephone: (604) 605-0885, Toll-Free:
1-877-228-5210, Fax: (604) 605-0886, Email: info@callinan.com, Website:
www.callinan.com

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CALLINAN MINES LTD.

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