Investor Presentaiton

PINE BAY PROJECT LEGEND Historic Mine Deposit Mine Shaft Callinex Mineral Lease Callinex Claims Hudbay Claims Road Power Rail N OWNERSHIP Large 6,000 ha property, 100% owned subject to 1% NSR INFRASTRUCTURE Located within 16km to the Flin Flon concentrator Pine Bay Project PROSPECTIVITY Recently consolidated land package that hosts four historic mines TSX-V: CNX OTCQX: CLLXF HISTORIC RESOURCES 1.6 million tons of 2.81% copper equivalent * Historic resource estimates on the property total 1.62 Mt at a grade of 2.81% copper equivalent for the Pine Bay, Cabin, Baker Patton and Sourdough deposits are based on data and reports prepared by the previous operators: Wright Engineers in 1970, Pine Bay Mines in 1976, McMillan in 1968 and Keys in 1963. The company has not completed the work necessary to have the historical estimate verified by a QP. The company is not treating the estimate as a current 43-101 defined resource and the historical estimate should not be relied upon. The property will require future exploration. CALLINEX CORPORATE PRESENTATION 15

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