Mr. Max Porterfield reports

CALLINEX TO CHANGE NAME TO VISIONARY COPPER AND GOLD MINES INC.

Callinex Mines Inc. plans to change its name to Visionary Copper and Gold Mines Inc. The name change better reflects the company's forward-looking commitment to creating value through the discovery and development of sustainable copper and gold mines across Canada.

The name Callinex has been a cornerstone of its identity, deeply rooted in its proud history in Manitoba. It has provided a strong foundation, guiding it through years of growth and many of its greatest achievements. As the company moves forward, the new name, Visionary Copper and Gold Mines Inc., embodies its long-term vision to lead in sustainable mining, delivering lasting value to its stakeholders and communities through the discovery and development of critical and precious metal deposits within established mining jurisdictions.

The company anticipates its new stock symbol will be VCG, and it will occur in early September, 2025.

Shareholders of the company will not be required to exchange their existing share certificates for new certificates bearing the company's new name. The name change does not affect the company's share structure or the rights of the company's shareholders, and no further action is required by existing shareholders of the company. The name change remains subject to the acceptance by the TSX Venture Exchange.

About Callinex Mines Inc.

Callinex is advancing its portfolio of base- and precious-metal-rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the 100-per-cent-owned Point Leamington deposit in Newfoundland, located in one of the richest volcanogenic massive sulphide and gold districts in Canada. Callinex prepared a pit-constrained indicated mineral resource of 5.0 million tonnes grading 2.5 grams per tonne gold equivalent for 402,000 ounces AuEq (145,700 oz gold, 60.0 million pounds copper, 153.5 Mlb zinc, 2.0 million ounces silver and 1.5 Mlb lead), a pit-constrained inferred mineral resource of 13.7 Mt grading 2.24 g/t AuEq for 986,500 oz AuEq (354,800 oz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver and 7.0 Mlb lead) and an out-of-pit inferred mineral resource of 1.7 Mt grading 3.06 g/t AuEq for 168,500 oz AuEq (65,400 oz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag and 2.6 Mlb lead) (see news release dated Oct. 25, 2021). Additionally, the company is permitting the Rainbow deposit at its rich VMS Pine Bay project located near existing infrastructure in the Flin Flon mining district. Callinex prepared an indicated mineral resource on the Rainbow deposit of 3.44 Mt grading 3.59 per cent copper equivalent for 272.4 Mlb CuEq (238.3 Mlb Cu, 56.9 Mlb Zn, 37,600 oz Au, 692,800 oz Ag and 2.3 Mlb Pb), an inferred mineral resource on the Rainbow deposit of 1.28 Mt grading 2.95 per cent CuEq containing 83.4 Mlb CuEq (72.1 Mlb Cu, 19.5 Mlb Zn, 11,100 oz Au, 222,200 oz Ag and 800,000 lb Pb), and an inferred mineral resource at the Pine Bay deposit of 1.0 Mt grading 2.62 per cent Cu containing 58.1 Mlb Cu (see news release dated July 10, 2023). Additionally, the portfolio includes the Nash Creek project located in the volcanogenic-massive-sulphide-rich Bathurst mining district of New Brunswick. A 2018 preliminary economic assessment generates a strong economic return with a pretax internal rate of return of 34.1 per cent (25.2 per cent posttax) and a net present value discounted at 8 per cent of $230-million ($128-million posttax) at $1.25 zinc (see news release dated May 14, 2018).

We seek Safe Harbor.