VANCOUVER, July 26, 2011 /PRNewswire/ - Callinan Mines has received a payment of $5,090,939 from Hudbay Minerals Inc. This payment represents the remaining balance of payments due to Callinan for fiscal 2010 under the 777 / Callinan Mine Net Profits Interest and Royalty agreement.

Interim quarterly payments were made throughout 2010, estimated by Hudbay Minerals Inc. to represent 75% of 6 2/3% of the net profits from the 777 Mine in Flin Flon, Manitoba, plus $0.25 per ton of ore mined. This payment represents the balance of the 25% withheld over the four financial quarters ended December 31, 2010, adjusted to reflect final calculation by Hudbay Minerals Inc. of the net profits interest.

On Behalf of the Board of Directors,

Roland Butler

Roland Butler, CEO

Cautionary Statement on Forward-Looking Information

Neither the 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.

Certain of the information presented in this News Release may constitute "forward-looking statements" or "forward-looking information" within the meaning of Canadian securities legislation (together referred to as "forward-looking statements"). . The forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including any delays in the receipt of consents or approvals. Although Callinan Royalties has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this News Release and in any document referred to in this News Release. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and Callinan Royalties undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.



SOURCE Callinan Mines Ltd.

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