Calico Grants 345,000 Stock Options

VANCOUVER, June 10, 2011 /CNW/ - Calico Resources Corp. (formerly Cobre Exploration Corp.) (TSXV: CKB) (the "Company") has agreed to grant 345,000 incentive stock options to Directors, Officers, Employees and Consultants at the exercise price of 60 cents for a period of five years.

Calico is committed to operating in a manner consistent with "sustainable development" principles.  The Company is executing a plan to deliver on a strategy designed to increase shareholder value and is confident that in so doing, it will benefit the employees, communities and other stakeholders in the areas in which it operates.

On behalf of the Board,

"W. S. Wagener"

William S. Wagener
President & CEO

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.

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CALICO RESOURCES CORPORATION

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