Anna Stylianides joins Callinan's Board of Directors


    Trading Symbol: CAA: TSXV

    VANCOUVER, Oct. 8 /CNW/ - Callinan Mines Limited is pleased to announce
that Ms. Anna Stylianides has joined its Board of Directors.
    Ms. Stylianides holds a law degree from the University of the
Witwatersrand in Johannesburg, South Africa. She began her career as a
corporate lawyer by joining the firm of Webber Wentzel, Attorneys, in 1990. In
1992, she joined Investec Merchant Bank Limited where she specialized in risk
management and gained extensive experience in the areas of corporate finance
and structured finance, mergers and acquisitions, structuring, specialized
finance and other banking and financial products for financial institutions
and corporations. Since her relocation to Vancouver in 1997, she has been a
director of, and has been engaged in the financial restructuring of certain
Nasdaq traded companies and she has extensive knowledge of the securities
regulatory regime in Canada and the United States. Recently, Ms. Stylianides
was the CEO of FinTec Holdings Corp., a company specializing in structuring
and implementing corporate and structured finance transactions in the mining
and bioscience sectors. In September 2005, Ms. Stylianides joined the Surgical
Spaces, Inc. Group of Companies as CEO and has been instrumental in overseeing
its national expansion strategy as Canada's private healthcare consolidator.

    On Behalf of the Board of Directors,

    "Mike Muzylowski"
    President and CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.

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