Keywords : Canada | Debt |

Re: News - Thursday, August 16, 2012
Title: Callinan Announces Quarterly Royalty Payments

VANCOUVER, Canada -- Callinan Royalties Corporation has received interim quarterly royalty payments totaling $3,515,817.50 from HudBay Minerals Inc.

The royalty payments include a payment of $ 3,423,854.00 from the 6 2/3% Net Profits Interest Royalty and $91,963.50 from the $0.25 per ton of ore produced for the quarter ended June 30, 2012.

The Net Profits Interest payment represents 75% of an estimate by HudBay Minerals Inc. The remaining 25% is paid annually, in mid-July, 130 business days after the financial year end of HudBay Minerals Inc.as per the agreement.

The quarterly payments are due to Callinan's royalty interests on lands that include the 777 Mine at Flin Flon, Manitoba, Canada, which is the principal mining operation of HudBay Minerals Inc.

On Behalf of the Board of Directors,

Roland Butler

Roland Butler, CEO

About Callinan

Callinan Royalties Corporation is a mineral royalty company based in Canada. Its principal business activities centre on creating mineral royalties through financing and royalty acquisition while diligently managing its royalty interests and investments.

The Corporation currently has two producing royalties. Callinan holds a 6 2/3% net profits interest royalty and another $0.25 per ton royalty on lands that include the 777 Mine owned by HudBay Minerals Inc. located at Flin Flon, Manitoba, Canada as well as the adjacent 777 North Mine scheduled for production in 2012. Callinan also holds the 777 Deeps (War Baby) property and an associated royalty option located on that property, which is located adjacent to the 777 Mine.

Callinan is a dividend paying Tier 1 company listed on the TSXV under the symbol CAA. The Corporation has a strong financial position with no debt, approximately $32 million in cash and approximately 48.2 million shares outstanding.

For more information, please visit www.callinan.com or contact:

Roland Butler, CEO
Callinan Royalties Corporation
+1 709 535 3433
shareholder@callinan.com

Tamara Edwards, CFO
Callinan Royalties Corporation
+1 604 605 0885
shareholder@callinan.com

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.

Callinan Royalties Limited

	PRODUCER
	CODE : CAA.V
	ISIN : CA13124H1064

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Callinan Royalties is a silver and gold royalty company based in Canada.

Callinan Royalties produces silver, gold, copper, lead and zinc in Canada, develops copper, lead and zinc in Canada, and holds various exploration projects in Canada.

Its main assets in production are 777 MINE, COLES CREEK and CALLINAN MINE in Canada, its main assets in development are GUNNISON and WAR BABY in Canada and its main exploration properties are THOMPSON BELT in Cambodia and FLIN FLON, FOX RIVER MAFIC BELT, SNEATH LAKE, DION, BERRY CREEK, RAYFIELD, ECHO LAKE, CANDLE LAKE and CAL in Canada.

Callinan Royalties is listed in Canada and in United States of America. Its market capitalisation is CA$ 88.8 millions as of today (US$ 70.9 millions, € 62.4 millions).

Its stock quote reached its lowest recent point on December 31, 2001 at CA$ 0.07, and its highest recent level on December 31, 2010 at CA$ 3.37.

Callinan Royalties has 49 360 000 shares outstanding.

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