A Leading Zinc Junior in Established Canadian Mining Districts Leading Zinc Junior in Established Canadian Mining Districts TSX-V: CNX I OTCQX: ... Such forward-looking information

A L e a d i n g Z i n c J u n i o r i n E s t a b l i s h e d C a n a d i a n M i n i n g D i s t r i c t s

TSX-V: CNX I OTCQX: CLLXF

This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on

the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward-

looking information and statements reflect current views with respect to future events and are subject to risks, uncertainties and assumptions. The

Company cannot give assurance to the correctness of such information and statements. These forward-looking information and statements can

generally be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology

such as “targets”, “believes”, “expects”, “aims”, “assumes”, “intends”, “plans”, “seeks”, “will”, “may”, “anticipates”, “would”, “could”, “continues”,

“estimate”, “milestone” or other words of similar meaning and similar expressions or the negatives thereof. By their nature, forward-looking

information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results,

performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or

implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or

should any underlying assumptions prove to be incorrect, the Company’s actual financial condition or results of operations could differ materially

from that or those described herein as anticipated, believed, estimated or expected. Any forward-looking information or statements in this

presentation speak only as at the date of this presentation. Except under the applicable securities laws, the Company does not intend, and

expressly disclaims any obligation or undertaking, to publicly update, correct or revise any of the information included in this presentation, including

forward looking information and statements, whether to reflect changes in the Company’s expectations with regard thereto or as a result of new

information, future events, changes in conditions or circumstances or otherwise on which any statement in this presentation is based. Given the

aforementioned uncertainties, prospective investors are cautioned not to place undue reliance on any of these forward-looking statements.

The technical content of this presentation has been reviewed and approved by James Pickell, P.Geo, a consultant to the Company, and a Qualified

Person as defined by National Instrument 43-101.

F O R W A R D L O O K I N G I N F O R M A T I O N

Callinan Mines, founded by Jack Callinan in 1927, has had a major presence in the Flin Flon mining district in Manitoba, Canada

777 VMS Mine, discovered on Callinan claims, commences production and royalty payments begin

Callinan Mines splits into two entities: Callinan Royalties and Callinex, which holds the exploration portfolio today

Callinex renews exploration focus on massive sulphide deposits

Callinex announces new zinc and gold discovery and acquires zinc deposits in Eastern Canada

1927

2011

O U R H I S T O R Y

2014

2016

2004 To discover and develop

base and precious metal

rich deposits within

established Canadian

mining districts

O U R M I S S I O N

33 T S X - V : C N X | O T C Q X : C L L X F C A L L I N E X c o r p o r a t e P R E S E N T A T I O N

SHARE PERFORMANCE

C O R P O R A T E O V E R V I E W

Closing Price

(04/06/2017)

$0.36

52-Week Range

$0.28 - $0.69

Average Daily

Volume (3 - mo)

231,257

RECENT TRADING

Shares

Outstanding

77.5M

Options

Outstanding

6.2M($0.35 VWAP)

Warrants

Outstanding

4.0M($0.75 VWAP)

CAPITAL STRUCTURE

Market Cap

$27.5M

Debt

$0

Cash

$10.0MAs of 12/28/2016

ENTERPRISE VALUE

TSX-V: CNX I OTCQX: CLLXF

4T S X - V : C N X | O T C Q X : C L L X F C A L L I N E X c o r p o r a t e P R E S E N T A T I O N

INSTITUTIONS 31%

INSIDERS & CLOSE ASSOCIATES

29%

RETAIL INVESTORS

40%

OWNERSHIP BREAKDOWN

- Resource Capital Funds- Sprott Group- Europacific Gold Fund- Plethora Precious Metals Fund - Fieldhouse Capital Management

C A L L I N E X c o r p o r a t e P R E S E N T A T I O N 4T S X - V : C N X | O T C Q X : C L L X F

Mike Muzylowski Chairman

Max PorterfieldCEO, President and Director

Jordan Butler VP Corporate development

Matthew Anderson Chief financial officer

A renowned geologist and member of the Canadian Mining Hall of Fame with over 50 years of experience which has included the discovery and development of 16 mineral deposits through to production

Over ten years of experience in natural resources and financial markets, previously with Brazil Resources Inc., Uranium Energy Corp. and US Global Investors

Over six years of experience in the resource sector specializing in identifying and evaluating mineral properties. Previously, Financial Analyst with Americas Bullion Royalty Corp. and Till Capital

A Certified Professional Accountant with significant experience in financial and accounting related functions for natural resource issuers

M A N A G E M E N T T E A M

5 T S X - V : C N X | O T C Q X : C L L X F C A L L I N E X c o r p o r a t e P R E S E N T A T I O N 5 T S X - V : C N X | O T C Q X : C L L X F C A L L I N E X c o r p o r a t e P R E S E N T A T I O N

d i r e c t o r s A n d a d v i s o r y b o a r d

D I R E C T O R S A D V I S O R Y B O A R D

Keith Minty

An experienced mining engineer currently serving as the Senior VP of Business Development at Stope Capital Advisors and a Director of Auryn Resources Inc., previously the Chief Operating Officer of Thani Emirates Resource Holdings Ltd.

Carlo Civelli, Chairman

Since founding Clarion Finanz AG in 1980, Mr. Civelli has been instrumental in funding early stage investments, nearly a dozen of which have developed into billion dollar market cap companies

Michael Louie

A Principal in D+H Group LLP with 25 years of accounting experience, specifically working on behalf of First Nations organizations and specializing within the Canadian mining sector

Jason Dunning

Over 20 years experience in base and precious metal exploration, currently serving as the Manager of Nystar’s Mining Group, one of the world’s largest zinc producers, and previously a Project Geologist with Hudbay focused on the Flin Flon area

Nico Civelli

An independent financial advisor specializing in natural resources, and the VP of Finance for Pacific LNG which recently sold to Oil Search Ltd. for USD $900 million

Steve Swatton

Over 28 years of experience in both technical and senior managerial experience, previously the Global Head of Business Development for BHP Billiton’s Exploration Division

Jayant Bhandari

A Senior Analyst of Anarcho Capital, distinguished speaker and published author, Mr. Bhandari advises institutional investors about opportunities in the natural resources sector on a global scale


T e c h n i c a l T e a m

Canadian Mining Hall of Fame Inductee and PDAC Developer of the Year award PDAC Bill Dennis Prospector of the Year award

Mike MuzylowskiChairman of the Board

Involved in the discovery of 12 VMS mines in the Flin Flon district of Manitoba, Canada. His discoveries include the Trout Lake mine, which operated from 1982-2012. Mr. Muzylowski received the 1988 PDAC Developer of the Year award and is a 2011 inductee into the Canadian Mining Hall of Fame.

Jim Pickellchief Geologist

Over 40 years of VMS exploration experience globally. Notable discoveries include the Callinan North, Konuto Lake and 777 ore bodies within the Flin Flon district of Manitoba, Canada. Mr. Pickell is a recipient of the PDAC Bill Dennis Prospector of the Year Award for his role in the discovery of the 777 Mine.

Alan Vowles chief Geophysicist

Over 35 years of VMS exploration experience within the North America and an integral member of the HudBay team that discovered the Lalor deposit within the Flin Flon district of Manitoba, Canada. Mr. Vowles is a recipient of the PDAC Bill Dennis Prospector of the Year Award for his role in the discovery of the Lalor Mine.

JJ O’DonnellConsulting Geologist

Over 25 years of VMS exploration experience within Canada while holding senior positions with Callinex, HudBay, Selwyn Chihong Mining and Granges. Mr. O’Donnell has been instrumental in the exploration and development of the world-class Howard’s Pass Zinc Project located in the Yukon, Canada.

TROUT MINE +22 MT

LALOR MINE +25 MT

777 MINE +21 MT


magma

mass of sulphide deposits

sedimentation

seawater seepage

sea �oor

heat

Ag

Au

Cu

Zn

HIGH GRADE

Polymetallic deposits often containing zinc, copper, lead, gold and silver

FORMATION

Deposits occur where mineral rich, superheated water is brought to the surface by volcanic activity

DISTRICT SCALE

Most deposits occur in clusters that define major mining districts, such as Flin Flon and Bathurst

PREVALENCE

350 deposits and major VMS occurrences in Canada; Flin Flon and Bathurst Camps are the top two jurisdictions in the nation1

Source: 1 Mineral Deposits of Canada, Volcanogenic Massive Sulphide Deposits

VOLCANOGENIC MASSIVE SULPHIDE DEPOSITS


A pipeline of projects spanning various phases of development

Exploration portfolio

MINE DEVELOPMENT

SUPERJACK

PT LEAMINGTON

NASH CREEK

PINE BAY

10+ PROPERTIES

DISCOVERY EXPLORATION

RESOURCE EXPANSION

BIG ISLAND


portfolio of zinc assets

• Portfolio of advanced stage zinc rich VMS deposits located in established Canadian mining jurisdictions

• All mineral resources start at or near surface

• Deposits located near processing facilities and essential mining infrastructure

• Provides exposure to rising metal prices with deposits containing sizeable zinc, gold and silver resources

Buchans District

Bathurst District

Flin Flon District


SUCCESS RATE

Over 50% of deposits have been advanced to production, totaling 32 mines which have led to 86 consecutive years of mining

INFRASTRUCTURE

Over $1.6 billion invested towards mine development with road, rail, power and water infrastructure to facilitate quick development of new discoveries

TIMELINES AND CAPEX

Typically less than six years from discovery to development with reduced capital expenditures

FLIN FLON MINING DISTRICT

Flin Flon (100 Mt) Snow Lake (60 Mt)

Clusters of VMS deposits make up the Flin Flon/Snow Lake mining districts in the Flin Flon Greenstone Belt

CLUSTER EFFECT

Recent discoveries have typically been larger in size and deeper than previously discovered

DEPTH OF MINES Initial Production

Average Depth Deposit Size

-1500

-1200

-900

-600

-300

0

20+

16

12

8

4

01916 1930 1948 1955 1955 1982 1990 2004 2013 2014

Ave

rag

e D

ep

th (

m)

De

po

sit S

ize

(M

illio

n To

nn

es)

19751969

777Trout Lake Lalor

ReedNorth Star

Flin Flon

Cuprus

MandyDon Jon

Centennial

Callinan

Pine Bay


• Operates a 6,000 TPD Mill in Flin Flon, MB, primarily sourcing ore from the 777 Mine, which has less than four years of mine life

• 777 discovery hole was discovered at 1,278 meters down-hole depth with current mining operations down to a vertical depth of ~1,500m with $51/t OPEX

• Reserves average 6.3 Mt grading 11% Zn Eq. (1.6% Cu, 4.8% Zn, 1.88 g/t and 27.22 g/t Ag) over 8 meters

• The +20 Mt 777 deposit has yielded nearly $2 billion in net profit

HudBay’s Flin Flon Operations


N

Flin Flon Project

Big Island Project

Flin Flon

Pine Bay Project

777 Mine Processing Facility

LEGEND Deposit

Historic Mine

Pine Bay Shaft

Emerging Callinex Discovery

Callinex Claims

Callinex Mining Lease

HudBay Claims

Paved Road

Power

Rail

Strategic Properties Near Hudbay’s Flin Flon Operations

Exploration Milestones

Pine Bay East Discovery

2014 2016

Historic data compilation on land package

Extensive ground geophysical program and

confirmation drilling

Technical team is strengthened

Sourdough Bay Discovery

New Zinc and Gold Rich Discovery at

Pine Bay

2015


• Strategic property totaling 6,300 sq. ha located 16 km to Flin Flon, MB

• Advanced permitting status that includes the right to conduct mining activities

• Power, water and road access at site to service historic shaft and underground workings

• Property covers 10 km long trend consisting of at least four stacked VMS horizons

p i n e b ay p r o j e c tN

Pine Bay Project

N

KILOMETERS

Deposit Mine

Mine Shaft


Callinex Claims Callinex Mining Lease HudBay Claims Road Power Rail

LEGEND


• Explored by Placer Dome during the 1990s, where they had a mandate to discover a 30 Mt VMS deposit

• Covers one of the largest felsic rock packages within the belt, the primary host rock for VMS deposits

• Large alteration zone spanning 1,100m long and up to 700m wide has been overturned and is facing to the west, adjacent to three VMS horizons

• Three stacked horizons host five mineralized zones including the Pine Bay Copper deposit

PINE BAY area

POTENTIAL FOR A LARGE VMS DEPOSIT + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

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+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

KILOMETERS

0 2

N

Deposit

Historic Mine

Mine Shaft


Callinex Claims


HudBay Claims

Alteration Zone

KILOMETERS

0 2

N

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

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+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

+ + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +

Baker Patton Felsic Complex

Road

Power

LEGEND

N


• Callinex discovered 10.3m of 13.1% Zn Eq. (6.0% Zn, 1.8 g/t Au, 60.4 g/t Ag, 0.7% Cu and 0.4% Pb) by extending a previous Placer Dome drill hole by 38m

• Hole intersected most significant gold and silver results from 625 holes drilled from over 80 years of exploration at the project

• Nature of mineralization indicates the VMS system is long-lived and the intersection occurs at the edge of the system

Proof of Concept with New Discovery

Hole From (m) To (m) Interval (m) Zn Eq (%) Zn (%) Au (g/t) Ag (g/t) Cu (%) Pb (%)284-3-93-DPN 998.80 1010.26 11.46 12.23 5.61 1.65 56.38 0.68 0.35Including 999.26 1009.59 10.33 13.06 6.00 1.78 60.39 0.71 0.35

Including 999.80 1004.00 4.20 20.77 11.82 2.43 73.77 0.70 0.73Including 999.80 1002.50 2.70 26.35 16.37 2.57 79.21 0.86 0.98

Cabin VMS Horizon Baker Patton VMS HorizonPine Bay VMS Horizon

New Discovery – 10.3m of 13.1 Zn Eq.


PBM-008 “3.3m of 3.2% Cu”

PBM-014 (Cabin FW Zone)“2.3m of 9.3% Zn Eq. (6.65% Zn, 0.83 g/t Au, 28.0 g/t Ag and 0.1% Cu)”

Cabin VMS DepositNW

Hashimoto Alteration Index

Exploration CorridorPBM-017

PBM-024

284-393-DPN

PBM-014

95-02-DPN

95-100 Extreme

90-95 Strong

85-90 High

60-85 Moderate

0-60 Low

LEGEND

Longitudinal Section of the Cabin VMS Horizon

400m

284-393-DPN“10.3m of 13.1% Zn Eq. (0.7% Cu, 6.0% Zn, 1.8 g/t Au, and 0.4% Pb)”

PBM-024“2.6m of 3.0% Cu Eq. (1.64% Cu, 0.53% Zn, 0.92 g/t Au, 34.6 g/t Ag)”

Cabin VMS Horizon

Zinc Mineralization

Copper Mineralization


N

• Strategic property located 10km east from Flin Flon, MB

• The area may contain a similar rock package that host the Flin Flon, Callinan and 777 Mines that have collectively produced over 100 million tonnes of ore.

• Project contains the Tara Lake Deposit which is highlighted by previous drill results including 7.4m of 35% Zn Eq, 12.4m of 34% Zn Eq. and 19.6m of 24% Zn Eq.

• The deposit was discovered in 1987 but it has not been drilled since 1991.

Big Island Project N

Big Island Project

LEGEND Deposit

Historic Mine

Callinex Claims


HudBay Claims

Paved Road

Power

Rail

TARA LAKE DEPOSIT

N


bathurst MINING District

Modified from Goodfellow, 2003Clusters of deposits make up the Bathurst Mining District

CLUSTER EFFECT VMS DEPOSITS

PRODUCTION HISTORY

One of the largest massive sulphide belts in the world with more than 130Mt of ore produced, commonly Zn-Pb-Cu-Ag-Au

GEOLOGICAL ENDOWMENT

Over 45 volcanic-hosted massive sulphide deposits including the 230Mt Brunswick No. 12, 70 Mt Caribou Mine and 69 Mt Heath Steel Mines

MINING INFRASTRUCTURE

Great access to power, water, roads and processing facilities in a major mining district

30

20

10

5

3

10.1 1 10 100 1000

Pb +

Zn

(wt.

%)

Million Tonnes

Caribou

BMS #12

SuperjackNash Creek


Quebec

N

• Near-surface Indicated resource of 9.0Mt grading 3.6% Zn Eq. containing 712 million pounds of Zn Eq. and an Inferred resource of 1.1Mt grading 3.6% Zn Eq. containing 88 million pounds of Zn Eq.

• Located within 90km of two processing facilities, a seaport and a smelter

• Only two of six mineralized zones contained within the resource estimate

• Preliminary testing has indicated amenability to Dense Media Separation, which is designed to increase the average grade of rock processed

n a s h c r e e k p r o j e c t

SUPERJACK

NASH CREEK

Caribou Mine

Brunswick Mine #12

Brunswick Mine #6

Heath Steele Mine

Bathurst90 KM

N

LEGEND Processing Facility Lead Smelter Mine

Road Power Rail Port

City


Near-surface Zinc-Lead-Silver Deposit

GRADE

Potential for an average head grade to 5-7% Zn Eq. with dense media separation

RECOVERY

Metallurgical tests indicate recoveries of 91% Zn, 82% Pb and 31% Ag with ability to produce a zinc concentrate grading up to 64% Zn and 126 g/t Ag

SIMPLE MINING

Open pit potential with a forecasted strip ratio of <5 to 1

Open

Open

Callinex is advancing the Nash Creek Project towards completion of a Preliminary Economic Assessment in 2017


• A 2.5km long soil anomaly with several mineralized zones over 1.6km, remaining 1km has not been systematically tested

• Limited drilling outside existing resource area with the deposit wide open to the north

• Several untested IP targets within soil anomalies occur adjacent to and on strike from current mineral resources

• Drilling to commence in Q2 2017 to expand the mineral resources in advance of a potential PEA

Six Mineralized Zones

Significant Intersections Not-significant Intersections

Mineralized ZonesMineral Resources

N


Potential to expand resource

• Zn-Pb-Ag mineralization occurs parallel to a major north-south fault and related to two interpreted volcanic centers

• These volcanic centers occur at opposite ends of a ~2.5km long Zn-Pb soil anomaly, of which <50% has been systematically explored to date

• Existing mineral resources have been discovered by drilling near the southern volcanic center

• The northern volcanic center has not been significantly explored despite the intensity of soil anomaly

Mineral Resources Zinc Soil Anomaly

N


• Near-surface Inferred resource of 3.2Mt grading 4.6% Zn Eq. containing 328 million pounds of Zn Eq.

• Located 15km from the ‘supergiant’ Brunswick #12 Mine, recently one of the largest underground zinc mines in the world

• The two deepest holes drilled at the A Zone intersected 6.4m of 10.4% Zn Eq. and 11.2m of 7.5% Zn Eq. including 2.6m of 17.5% Zn Eq. at a depth of ~440m

s u p e r j a c k p r o j e c t

Quebec

N

SUPERJACK

NASH CREEK

Caribou Mine

Brunswick Mine #12

Brunswick Mine #6

Heath Steele Mine

Bathurst

50 KM

LEGEND Processing Facility Lead Smelter Mine

Road Power Rail Port

City


“A” Zone: Open at depth with increasing grade

Open For Expansion

Longitudinal Section of the “A” Zone

NP 11-54 with 6.4m of 10.4% Zn Eq. including 1.7m of 16.5% Zn Eq.

SJ15-86 with 2.4 of 5.2% Zn Eq. including 0.7m of 11% Zn

Eq. (no Au assays)

• Existing “A” zone is open along strike and at depth

• The zone has been defined down to a depth of 440m with all three holes drilled along a 225m strike length interesting high-grade mineralization

• NP11-39 with 11.2m of 7.5% Zn Eq. including 2.6m of 17.5% Zn Eq.

• NP 11-54 with 6.4m of 10.4% Zn Eq. including 1.7m of 16.5% Zn Eq.

• SJ15-86 with 2.4 of 5.2% Zn Eq. including 0.7m of 11% Zn Eq. (no Au assays)

• 2016 borehole surveys on NP11-54 and SJ15-86 indicates mineralization continues at depth along plunge line

Project covers the Caribou and Brunswick horizons which hosts on average 15-20 Mt geologic deposits

NP11-39 with 11.2m of 7.5% Zn Eq. including 2.6m of 17.5% Zn Eq.

N


l a r g e u n t e s t e d g r av i t y ta r g e t at d e p t h

• Massive sulphide zones (red) appear to have a direct correlation with high gravity targets

• A 2016 gravity inversion has identified a large, untested target at depth that suggests the A&C zones and B zone are at opposite ends of a syncline

• Drill results could support this syncline model given that a graphitic argillite unit occurs in the hangingwall of the “A” Zone and footwall of “B” Zone

“C” Zone

High Gravity Isohell Medium Gravity Isohell Low Gravity Isohell

Conceptual HorizonMassive Sulphide Zones

“A” Zone

“B” Zone

NW


D r i l l- R e a d y Ta r g e t w i t h S i z e P o t e n t i a l• The gravity target is coincident with magnetic highs and indicates all zones may connect at depth

• This target is associated with anomalous soils at surface and lies along the prolific Caribou Horizon

• Strong correlation between magnetic and gravity highs provides further support for target given they represent massive sulphide zones

3D Gravity Inversion Model on Residual Gravity

Gravity High

“C” Zone

“A” Zone

“B” Zone

Total Field Magnetics


• Advanced stage VMS project located in Newfoundland, Canada

• 14.1Mt Inferred resource grading 6.2% Zn Eq. containing 1.9 billion pounds of Zn Eq. (including 484,000 oz Au at 1.1 g/t Au)

• Resource starts at surface and extends to a vertical depth of 350m

• Advanced permitting stage with resource contained within current Mining Lease

• High-grade mineralization open at depth with assays including 4.67m of 15.1% Zn, 4.4 g/t Au, 57.9 g/t Ag and 0.36% down-plunge from resource*

*See News Release dated May 16, 2016

P o i n t l e a m i n g t o n p r o j e c t

Duck Pond

Buchans

PT. LEAMINGTON PROJECT

Bishop’s Falls

Grand Falls WindsorBadger

South Brook

LEGEND Processing Facility Mine

Road Power Trail Port

City

N


Inferred Mineral Resources*

Indicated Mineral Resources*

Project Cut-off (Zn Eq) Tonnes Zn Eq. (%) Zn (%) Pb (%) Ag (g/t) Au (g/t) Cu (%) Zn Eq.

(M Lbs)Nash Creek 2.0 9,033,000 3.58 2.79 0.57 18.16 n/a n/a 712Total 9,033,000 3.58 2.79 0.57 18.16 n/a n/a 712

Project Cut-off (Zn. Eq) Tonnes Zn Eq. Zn (%) Pb (%) Ag (g/t) Au (g/t) Cu (%) Zn Eq.

(M Lbs)

Point Leamington 4.0 14,093,000 6.15 1.88 0.02 17.12 1.07 0.42 1,910Superjack 1.5 3,211,015 4.63 3.01 0.78 29.45 n/a 0.27 328

Nash Creek 2.0 1,113,000 3.58 2.83 0.57 15.51 n/a n/a 88

Total 18,417,015 5.73 2.13 0.19 19.17 0.82 0.37 2,326

Total mineral resources• Large inventory of zinc resources within established Canadian mining jurisdictions totaling 712 million pounds of Zn Eq.

in the Indicated category and 2.3 billion pounds of Zn Eq. in the Inferred category.


Upcoming Catalysts for 2017

Superjacknash creek

• Drill campaign to extend deposit along strike in advance of PEA

• Update resource estimate and complete Preliminary Economic Assessment

Pine Bay

• Geophysical testing to characterize non-conductive material with different techniques (IP, gravity etc)

• Summer drilling campaign to test strike extension of zinc-gold discovery

• Drill campaign to test top targets including large untested coincident magnetic-gravity anomaly below soil anomaly

• Provide samples for dense media separation testing as part of toll milling investigations


I N V E S T M E N T S U M M A R Y

PROJECT PORTFOLIOSTRONG TEAM TIGHT CAPITAL STRUCTURE

Strong portfolio of zinc-rich assets in Canadian mining jurisdictions

Technical team involved in three of the four largest VMS discoveries within the prolific Flin Flon Greenstone Belt

Funded for upcoming drilling campaigns with ~$10M in cash


T S X - V : C N X | O T C Q X : C L L X F

604.605.0885 [email protected] www.callinex.ca

Corporate Head Office 1555 - 555 West Hastings Street Vancouver, BC Canada V6B 4N4

President and CEO: Max Porterfield

Corporate Counsel: Northwest Law Group

Auditors: PwC

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A Leading Zinc Junior in Established Canadian Mining Districts Leading Zinc Junior in Established Canadian Mining Districts TSX-V: CNX I OTCQX: ... Such forward-looking information