Mr. Alar Soever reports

LONMIN PLC MAKES PRIVATE PLACEMENT IN WALLBRIDGE MINING

Wallbridge Mining Co. Ltd. has entered into an agreement (which is subject to approval of the Toronto Stock Exchange) with the world's third-largest platinum producer, Lonmin PLC, whereby Lonmin will purchase 13,157,895 units of Wallbridge at a price of 19 cents per unit, which was calculated based on the 90-day volume-weighted average price to Dec. 13, 2011, being the date the parties agreed upon the pricing for the transaction.

"This recent investment shows Lonmin's continued confidence and support for our exploration work in Sudbury. The Sudbury basin is the most attractive target area in the world for the discovery of high-grade copper, nickel and platinum deposits," stated Alar Soever, chief executive officer of Wallbridge.

"The long-term relationship with Lonmin since January, 2002, demonstrates that Lonmin continues to be not only a great joint-venture partner, but also a supportive shareholder of Wallbridge in our exploration work in Sudbury," said Marz Kord, president of Wallbridge.

Albert Jamieson, chief communications officer of Lonmin, said: "We've been exploring for platinum-group metals with our joint-venture partners in Sudbury basin for nearly 10 years and are now beginning to see the fruits of that hard work. We look forward to progressing the projects in the coming year."

Each unit comprises one common share in the capital of the corporation and one-half common share purchase warrant. Each warrant entitles the holder to purchase one common share in the capital of the corporation at an exercise price of 40 cents per whole common share for a period ending Dec. 31, 2012. Lonmin had previously acquired 10.8 million common shares of Wallbridge in 2007.

Wallbridge will use 60 per cent of the proceeds to advance exploration in the Sudbury area.

We seek Safe Harbor.