Resource Capital Fund VI L.P. Announces Acquisition of Common Shares in Callinex Mines Inc.

DENVER, CO, Dec. 29, 2016 /CNW/ - Resource Capital Fund VI L.P. ("RCF VI") reports that on December 28, 2016 it acquired 1,666,667 common shares (the "Shares") of Callinex Mines Inc. (the "Company") upon the exercise of 1,666,667 common share purchase warrants ("Warrants") at an exercise price of C$0.45 per Share for total proceeds of C$750,000. The Shares represent approximately 2.2% of the issued and outstanding common shares in the capital of the Company (the "Common Shares").

Prior to the acquisition of the Shares, RCF VI owned and controlled 7,691,681 Common Shares and 1,666,667 Warrants, representing approximately 12.08% of the issued and outstanding Common Shares, assuming exercise in full of the Warrants. Following the acquisition of the Shares, RCF VI owns and controls, directly or indirectly, 9,358,348 Common Shares, representing approximately 12.08% of the current issued and outstanding Common Shares.

RCF VI acquired the Shares for investment purposes. RCF VI may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the Company.

The Company's head office is located at 1555 – 555 West Hastings Street, Vancouver, BC, V6B 4N6.

To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see the Company's profile on the SEDAR website www.sedar.com.

About Resource Capital Fund VI L.P.

RCF VI is a private investment fund existing under the laws of the Cayman Islands.

SOURCE Resource Capital Fund VI L.P.

and to obtain a copy of the early warning report, please contact: Resource Capital Fund VI L.P., 1400 Sixteenth Street, Suite 200, Denver, CO, 80202, Telephone: [phone], Attn: Molly Campbell