Callinan Mines Receives Largest Quarterly NPI Payment To Date

VANCOUVER - Callinan Mines Limited (TSX.V-CAA) has received a quarterly interim instalment payment from HudBay Minerals Inc. The payment of CAD$3,313,723 represents 75% of the total due for the quarter ended June 30, 2008 under the company's 6 2/3% net profits interest in HudBay's 777 Mine in Flin Flon, Manitoba.

On Behalf of the Board of Directors,

Mike Muzylowski
Mike Muzylowski
President and CEO

For further information, please contact Braden Maccke; 1 (877) 228-5210.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release .Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of private placements and future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated private placements and the timing and amount of expenditures. Callinan does not assume the obligation to update any forward-looking statement.