VANCOUVER, May 20 /CNW/ - Callinan Mines has received an interim payment
of $892,104 from HudBay Minerals Inc. This payment represents 75% of an
estimate of 6 2/3 % of the net profits plus $0.25 per ton of ore mined from
the 777 Mine in Flin Flon, Manitoba for the quarter ended March 31st, 2009.
On Behalf of the Board of Directors,
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: 736 Granville Street, Suite 1100 Vancouver, BC,
V6Z 1G3, Telephone: (604) 605-0885, Fax: (604) 605-0886, Email:
firstname.lastname@example.org, Website: www.callinan.com