Callinex Changes Name to Visionary Copper and Gold Mines Inc.

Rhea-AI Summary

Callinex Mines (OTCQX: CLLXF) has announced its rebranding to Visionary Copper and Gold Mines Inc., with trading under the new name and symbol "VCG" to commence on August 28, 2025 on the TSX Venture Exchange. The name change reflects the company's focus on Canadian copper and gold projects.

The company's portfolio includes the Point Leamington Deposit in Newfoundland with significant mineral resources, including 402 koz AuEq Indicated and 986.5 koz AuEq Inferred pit-constrained resources. The Rainbow deposit at the Pine Bay Project contains 272.4 Mlb CuEq Indicated and 83.4 Mlb CuEq Inferred resources. The Nash Creek Project in New Brunswick demonstrates strong economics with a pre-tax IRR of 34.1% and NPV8% of $230 million at $1.25 Zinc.

Positive

• Portfolio includes substantial mineral resources across multiple deposits
• Strong economic indicators for Nash Creek Project with 34.1% pre-tax IRR
• Strategic positioning in established Canadian mining jurisdictions
• 100% ownership of Point Leamington Deposit in rich VMS and Gold District

Negative

• Name change and symbol transition may cause temporary trading confusion
• Project development subject to future expenditures and uncertainties

VANCOUVER, British Columbia, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has changed its name to “Visionary Copper and Gold Mines Inc.” (the “Name Change”). The Company's common shares will commence trading under the new name and stock ticker symbol "VCG" at the start of trading on August 28, 2025, on the TSX Venture Exchange.

The Name Change better reflects the Company’s plan to pursue its copper and gold projects based in Canada.

In connection with the Name Change, the following new ISIN CA9279521012 number has been assigned to the common shares of the Company. No action is required to be taken by shareholders with respect to the name change. Outstanding common share and warrant certificates bearing the old name of the Company are still valid and are not affected by the name and ticker symbol change.

About Callinex Mines Inc.

Callinex Mines Inc. (TSXV: CNX) (OTCQX: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the 100% owned Point Leamington Deposit in Newfoundland, located in one of the richest VMS and Gold Districts in Canada. Callinex prepared a pit constrained Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq for 402 koz AuEq (145.7 koz gold, 60.0 Mlb copper, 153.5 Mlb zinc, 2.0 Moz silver, 1.5 Mlb lead), a pit constrained Inferred Mineral Resource of 13.7 Mt grading 2.24 g/t AuEq for 986.5 koz AuEq (354.8 koz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver, 7.0 Mlb lead) and an out-of-pit Inferred Mineral Resource of 1.7 Mt grading 3.06 g/t AuEq for 168.5 koz AuEq (65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag, 2.6 Mlb lead) (see news release dated October 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% CuEq for 272.4 Mlb CuEq (238.3 Mlb Cu, 56.9 Mlb Zn, 37.6 koz Au, 692.8 koz Ag, 2.3 Mlb Pb), an inferred mineral resource on the Rainbow deposit of 1.28 Mt grading 2.95% CuEq containing 83.4 Mlb CuEq (72.1 Mlb Cu, 19.5 Mlb Zn, 11.1 koz Au, 222.2 Koz Ag, 0.8 Mlb Pb) and an inferred mineral resource at the Pine Bay deposit of 1.0 Mt grading 2.62% Cu containing 58.1 Mlb Cu (see news release dated July 10, 2023). Additionally, the portfolio includes the Nash Creek Project located in the VMS rich Bathurst Mining District of New Brunswick. A 2018 PEA generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax) at $1.25 Zinc (see news release dated May 14, 2018).

For additional information, please contact:
Callinex Mines Inc.
Max Porterfield, President and Chief Executive Officer
Phone: (604) 605-0885
E-mail: info@callinex.ca

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.

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to 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 the proposed drill program and the timing and amount of expenditures. Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement.

FAQ

What is Callinex Mines' new name and when will it be effective?

Callinex Mines will change its name to Visionary Copper and Gold Mines Inc., with trading under the new name and symbol 'VCG' beginning on August 28, 2025 on the TSX Venture Exchange.

What are the mineral resources at CLLXF's Point Leamington Deposit?

The Point Leamington Deposit has an Indicated Resource of 5.0 Mt grading 2.5 g/t AuEq for 402 koz AuEq and an Inferred Resource of 13.7 Mt grading 2.24 g/t AuEq for 986.5 koz AuEq in pit-constrained resources.

What are the economic metrics for CLLXF's Nash Creek Project?

The Nash Creek Project's 2018 PEA shows a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax) at $1.25 Zinc.

Do shareholders need to take any action regarding the name change?

No, shareholders do not need to take any action. Outstanding common share and warrant certificates bearing the old name remain valid and are unaffected by the name and ticker symbol change.

What are the Rainbow deposit's mineral resources at the Pine Bay Project?

The Rainbow deposit contains an Indicated resource of 3.44 Mt grading 3.59% CuEq for 272.4 Mlb CuEq and an Inferred resource of 1.28 Mt grading 2.95% CuEq for 83.4 Mlb CuEq.