Callinan Royalties Corporation reported earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported royalty income of $5.22 million against $6.73 million a year ago. Net income was $2.89 million against $4.34 million a year ago. Diluted net income per share was $0.06 against $0.09 a year ago. Cash flow from operation was $1.78 million against $0.76 million a year ago. For the year, the company reported royalty income of $9.65 million against $13.15 million a year ago. Net income was $5.35 million against $13.97 million a year ago. Diluted net income per share was $0.11 against $0.27 a year ago. Cash flow from operation was $8.88 million against $9.73 million a year ago. The company has declared a quarterly cash dividend for the quarter ending March 31, 2013 on its common shares of 2 cents per common share to all shareholders of record at the close of business on March 28, 2013. The ex-dividend date will be March 26, 2013 and it is expected that the dividend will be paid on or about April 15, 2013.

Evrim Resources Corp. announced that geological work has commenced under an agreement with Callinan Royalties Corporation for a four year, CAD 1.5 million regional exploration alliance in Mexico. The alliance will initially focus on generating gold and silver targets within a 40,000 square kilometre area of interest (AOI). Callinan has already provided the initial funding of CAD 500,000 for the first year of exploration. Callinan will provide annual funding to the alliance and Evrim will conduct generative exploration within the AOI to stake and acquire new projects and develop the pojects for joint venture purposes. Projects acquired within the AOI during the term of the Alliance will be 100% owned by Evrim and subject to a 1.5% Net Smelter Royalty (NSR) in the case of precious metals and a 1.0% NSR in the case of base metals and other minerals to Callinan. Evrim will grant to Callinan a Right of First Offer on the sale of any royalties owned by Evrim on Alliance properties. The initial phase of the program will consist of compilation of geological and land tenure data within the AOI to identify high-priority targets. The second phase will be to conduct field examination of available targets including surface geochemical sampling and geological mapping and prospecting.

Callinan Royalties Corporation reported earnings results for the three months ended September 30, 2012. For the period, the company reported revenue of CAD 4,586,398 against CAD 6,476,937 a year ago. Net earnings after taxes were CAD 2,456,123 against CAD 9,634,348 a year ago. Diluted earnings per share were CAD 0.05 against CAD 0.19 a year ago. Net cash flow from operating activities was CAD 7,108,527 against CAD 8,961,979 a year ago. The board of directors of the company has declared a quarterly cash dividend for the quarter ending December 31, 2012, on its common shares of two cents per common share to all shareholders of record at the close of business on December 31, 2012. The ex-dividend date will be December 27, 2012 and it is expected that the dividend will be paid on or about January 15, 2013. It is anticipated that future quarterly dividends will be payable approximately 15 days following each fiscal quarter.