Callinan Royalties Corporation CCNMF

Annual General Meeting

[Mineshack]

December 3, 2012

Callinan Reports On 2012 Annual General Meeting

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VANCOUVER, Canada -- All resolutions presented at the annual general meeting of Callinan Royalties Corporation held on November 30, 2012, with the exception of the resolution to approve By-Law number 4, "Advance Notice Policy" which was withdrawn, were approved by shareholders, including the election of directors Brian Irwin, Anna Stylianides, Frank Dembinsky, David Korbin and Roland Butler. The final voting results on each item of business and respective resolutions will be filed on SEDAR.

On Behalf of the Board of Directors,

Roland Butler

Roland Butler, CEO

About Callinan Royalties

Callinan Royalties is a Canadian company that creates and acquires mineral royalties. The company uses its royalty income to provide alternative financing options to mineral exploration and development companies with attractive projects. Callinan's strategy is to create shareholder value over the long term by generating a portfolio of profitable mineral royalties.

The Corporation currently has two producing royalties. Callinan holds a 6 2/3% net profits interest royalty and a $0.25 per ton production royalty on lands that include the 777 Mine owned by HudBay Minerals Inc. located in Flin Flon, Manitoba, Canada as well as the adjacent 777 North Mine scheduled for production in 2012. Callinan also holds the 777 Deeps (War Baby) property and an associated royalty option on the property, which is located adjacent to the 777 Mine.

Callinan is a dividend paying Tier 1 company listed on the TSX Venture Exchange under the symbol CAA. The Corporation has a strong financial position with no debt, approximately $28 million in cash and approximately 48.2 million shares outstanding.

For more information, please visit www.callinan.com or contact:

Roland Butler, CEO
Callinan Royalties Corporation
[phone]
[e-mail]

Tamara Edwards, CFO
Callinan Royalties Corporation
[phone]
[e-mail]