Wallbridge Intersects High Grade Copper and Platinum Group Metals on Wisner Properties

 Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) ("Wallbridge") today provided results from its 2014 exploration programs underway on its polymetallic platinum ("Pt), palladium ("Pd), copper ("Cu"), nickel ("Ni"), gold ("Au") and silver ("Ag") properties in Sudbury, Ontario. New Cu and platinum group metal ("PGM") mineralization was intersected at shallow depths (above 120 metres) at four of eight target areas on the Wisner properties, located adjacent to Wallbridge's Broken Hammer open pit mine.

Highlights:

• New Cu-PGM discovery at Twisted Wrench on Wisner properties with 8.12 g/t total precious metals ("TPM": 2.63 g/t Pt, 5.13 g/t Pd, 0.36 Au) and 0.96 % Cu over a 2.43 metre channel sample
• New mineralized intersections at Southwest Zone on Wisner properties with 4.52 % Cu, 26.77 g/t TPM (12.10 g/t Pt, 12.65 g/t Pd, 2.02 g/t Au), and 69.50 g/t Ag over 0.41 metres within a broader 1.99 metre interval averaging 1.55% Cu, 7.24 g/t TPM (3.21 g/t Pt, 3.51 g/t Pd, 0.53 g/t Au), and 22.64 g/t Ag intersected in drill hole WIS-168
• $5.4 million expenditure and 20,086 metres drilling completed on Lonmin funded JVs from October 2013 to September 2014

Wallbridge's Sudbury exploration efforts are currently focused toward operating the North Range Joint Venture ("NRJV") and Sudbury Camp Joint Venture ("SCJV") funded by Lonmin Plc ("Lonmin"). These follow Lonmin's fiscal year from October 1 to September 30. The 2014 programs are just wrapping up and included a total of CAD $5.4 million in exploration expenditures and cash option payments funded by Lonmin. This included 20,086 metres exploratory drilling and extensive geophysics, mechanical stripping, and geological field work. Wallbridge is currently working with Lonmin to finalize the 2015 programs on these joint ventures, which would start October 1, 2014.

The 2014 program on Wallbridge's Wisner properties started in January and included 12,540 metres of mostly shallow initial drilling on a number of target areas as well as extensive airborne, ground, and borehole geophysics funded by Lonmin. Drilling intersected new Cu-PGM mineralization in 13 drill holes at four of the eight target areas tested (Table 1 and Table 2).

Drilling discovered a new Cu-PGM showing at the Twisted Wrench target area where mineralization exposed at surface by mechanical stripping was intersected in two drill holes spaced 80 metres apart. Channel sampling returned 0.96 % Cu and 8.12 g/t TPM (2.63 g/t Pt, 5.13 g/t Pd, 0.36 Au) over 2.43 metres with similar narrower mineralization intersected by drilling. This trend is open to depth and along strike and appears to widen to the northwest towards a subtle geophysics response. Drilling also intersected a broader zone of weakly anomalous copper and silver mineralization in the area, which appears to form a broader halo around the copper-PGM mineralization.

Cu-PGM-Ag mineralization was intersected at the Southwest Zone target area, where drilling followed up high grade mineralization sampled previously (see Wallbridge press release dated October 30, 2012). New results include drill hole WIS-168 which intersected 4.52 % Cu, 26.77 g/t TPM (12.10 g/t Pt, 12.65 g/t Pd, 2.02 g/t Au), and 69.50 g/t Ag over 0.41 metres within a broader 1.99 metre interval averaging 1.55% Cu, 7.24 g/t TPM (3.21 g/t Pt, 3.51 g/t Pd, 0.53 g/t Au), and 22.64 g/t Ag.  One channel sample returned 0.27 % Cu and 6.62 g/t TPM (3.01 g/t Pt, 3.35 g/t Pd, 0.25 g/t Pd). The Southwest Zone now comprises a 600 metre long mineralized trend that is open to the west, to the north, and to depth. Drilling also intersected another broad zone of weakly anomalous copper and silver mineralization.

Cu-PGM mineralized structures were also intersected extending eastward from Wallbridge's Broken Hammer open pit mining project including drill hole WIS-136 which intersected 5.46 % Cu and 10.79 g/t TPM (1.57 g/t Pt, 8.81 g/t Pd, 0.41 g/t Au) over 0.48 metres within a broader 1.18 metre interval averaging 2.22 % Cu and 4.39 g/t TPM (0.64 g/t Pt, 3.58 g/t Pd, 0.17 g/t Au). These structures remain open to the east and northeast and to depth (reported previously, see Wallbridge press releases dated June 24, 2014, and April 29, 2014). Additional open mineralized trends have been identified extending from the Broken Hammer open pit mining project to the west.

Weakly anomalous mineralization was intersected at the Rusty Blade target area as previously reported (see Wallbridge press release dated June 24, 2014).

To date, the Cu-PGM mineralized trends on the Wisner properties have only been intersected to a maximum depth of 120 metres and are open beneath this. Proposed work going forward will include a second pass of drilling and borehole geophysics to extend these mineralized trends along strike and to depth and to test for better grades and thicknesses. In addition, shallow first pass drilling is proposed for a number of untested target areas on the Wisner properties.

The Wisner properties are part of the NRJV with Lonmin and extend for five kilometres along strike on either side of Wallbridge's Broken Hammer open pit Cu-PGM mine and are adjacent to several Ni-Cu-PGM deposits owned by Vale and Glencore.