Callinan Receives Net Profits Interest Payment from HudBay Minerals

    VANCOUVER, Aug. 14 /CNW/ - Callinan Mines has received an interim payment
of $2,024,731 from HudBay Minerals Inc. This payment represents 75% of an
estimate of 6 2/3 % of the net profits from the 777 Mine in Flin Flon,
Manitoba for the quarter ended June 30th, 2009. Callinan Mines receives
payments from their net profits interest in the 777 Mine in Flin Flon,
Manitoba quarterly. Operated by HudBay Minerals, the mine is expected to
produce until 2019.

    On Behalf of the Board of Directors,

    Mike Muzylowski
    Mike Muzylowski
    President and 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.

    Statements contained in this press release may constitute forward-looking
statements under Canadian securities legislation which are not historical
facts and are made pursuant to the safe harbour provisions under United States
securities laws. Such forward-looking statements are based upon the Company's
reasonable expectations and business plan at the date hereof and are subject
to change depending on economic, political and competitive circumstances and
contingencies. Readers are cautioned that such forward-looking statements
involve known and unknown risks, uncertainties and other factors that may
cause a change in such assumptions and the actual outcomes and estimates may
be materially different from those estimated or anticipated future results,
achievements or positions expressed or implied by those forward-looking
    The Company disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise.

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:, Website:

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