Callinan Mines Limited
TSX VENTURE : CAA
OTC Bulletin Board : CCNMF

Callinan Mines Limited

July 28, 2005 20:29 ET

Revision of Callinan Mines' July 27, 2005 News Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 28, 2005) - (TSX VENTURE:CAA)(OTCBB:CCNMF) - Information contained in The Company's news release of July 27th, 2005 relating to hole CAP2 on the Phillips Lake project near Thompson, Manitoba, has been determined to be incorrect.

The Company hereby retracts the information relating to CAP2.

The correct drill intercept data should read as follows.



CAP2
------------------------------------------------------------------------
From (m) To (m) Width (m) Width (ft.) Cu % Ni % Co %
------------------------------------------------------------------------
133.10 301.00 167.90 550.85 0.006 0.236 0.009
------------------------------------------------------------------------
including
------------------------------------------------------------------------
232.00 248.34 16.34 53.61 0.011 0.427 0.012
------------------------------------------------------------------------
232.44 232.90 0.46 1.51 0.033 1.889 0.031
------------------------------------------------------------------------
247.49 248.34 0.85 2.79 0.020 0.998 0.021
------------------------------------------------------------------------
276.80 278.33 1.53 5.02 0.033 0.729 0.022
------------------------------------------------------------------------


Mike Muzylowski, President & CEO

Standard & Poor's Listed


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