NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES.

Callinan Mines Ltd., pursuant to its stock option plan and subject to regulatory
approval, has granted incentive options to directors, officers, employees and
consultants for the purchase of a total of 900,000 common shares in its capital.
The options are exercisable on or before January 14, 2013, at the price of $1.45
cents per share.


Mike Muzylowski, President and CEO

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.