Callinan Mines Receives Largest Quarterly NPI Payment To Date

    VANCOUVER, Aug. 14 /CNW/ - Callinan Mines Limited (TSX.V-CAA) has
received a quarterly interim instalment payment from HudBay Minerals Inc. The
payment of CAD$3,313,723 represents 75% of the total due for the quarter ended
June 30, 2008 under the company's 6 2/3% net profits interest in HudBay's 777
Mine in Flin Flon, Manitoba.

    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. Some
statements in this news release contain forward-looking information. These
statements include, but are not limited to, statements with respect to the
completion of private placements and future expenditures. These statements
address future events and conditions and, as such, involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the statements.
Such factors include, among others, the ability to complete contemplated
private placements and the timing and amount of expenditures. Callinan does
not assume the obligation to update any forward-looking statement.

For further information:

For further information: Braden Maccke, 1-877-228-5210

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