Callinan Announces Normal Course Issuer Bid

VANCOUVER, April 20 /PRNewswire/ - Callinan Mines Limited ("Callinan") (TSX.V: CAA) announces that it has filed a Notice of Intention to Make a Normal Course Issuer Bid with the TSX Venture Exchange ("TSX.V") and received acceptance for filing thereof with respect to the purchase at market prices of up to 2,400,000 of its common shares by way of a normal course issuer bid (the "Bid") through the facilities of the TSX.V.  The Bid will commence on or after April 27, 2011 and will end on December 31, 2011 or on such earlier date as Callinan may complete its purchases pursuant to the Bid or as it may otherwise determine.

Callinan is engaging in the Bid because it believes that the market price of its common shares does not properly reflect the underlying value of Callinan. Purchases pursuant to the Bid will be conducted through Haywood Securities Inc.

Mike Muzylowski

Mike Muzylowski
President and CEO

Neither 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 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 timing and amount of expenditures. Callinan does not assume the obligation to update any forward-looking statement.

SOURCE Callinan Mines Ltd.

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