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File: 10811 PRESS Early Warning Axium Comments Oct 31.docx

2014-10-31 - News Release

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

Mr. Roland Butler of Laurenceton, NL, reports that Callinan Royalties Corporation ("Callinan") has redeemed 60,000 res
--->tricted share units previously granted to Mr. Butler pursuant to the terms of the Callinan Restricted Share Unit Plan,
---> which has resulted in the issuance to Mr. Butler of an aggregate of 60,000 common shares from the treasury of Callina
--->n, representing approximately 0.001% of Callinan's issued and outstanding common shares.  Together with Mr. Butler's e
--->xisting shareholdings in Callinan, Mr. Butler now holds an aggregate of 3,125,000 common shares of Callinan representi
--->ng an aggregate of 6.35% of Callinan's 49,164,588 issued and outstanding common shares.
Mr. Butler is deemed to have control and direction over an aggregate 5,125,000 common shares of Callinan, represented 
--->by the aforementioned 3,125,000 common shares, which he beneficially owns and an aggregate of 2,000,000 share purchase
---> warrants held by Mr. Butler, which if exercised in full will result in the issuance of an aggregate of 2,000,000 comm
--->on shares.  In the event that Mr. Butler exercises the warrants in full, Mr. Butler would have control and direction o
--->ver 10.005% of Callinan's issued and outstanding common shares on an undiluted basis.
The common shares were acquired for investment purposes only. Mr. Butler intends to evaluate these holdings and to inc
--->rease or decrease his investment in Callinan as circumstances warrant.
A copy of the early warning report respecting this acquisition will be filed with the British Columbia and Alberta Sec
--->urities Commissions and will be available for viewing on the System for Electronic Document Analysis and Retrieval (SE
--->DAR) website (www.sedar.com) under Callinan's profile.  


  
"Roland Butler"
 
ROLAND BUTLER

c/o  117 Main Street Laurenceton, NL