Mr. Marz Kord reports

WALLBRIDGE INTERSECTS 12.70 G/T GOLD OVER 2.71 METRES WITHIN NEWLY DISCOVERED BROAD GOLD MINERALIZATION 300 METRES SOUTHWEST OF THE FENELON DEPOSIT

Wallbridge Mining Company Ltd.'s continued positive drill results have extended a known gold zone and have identified an entirely new gold zone with many similarities to the main deposit at its 100-per-cent-owned Fenelon gold property.

Highlights

• Since the last press release (see Wallbridge press release dated Jan. 15, 2019), highlights of received assay results from the surface exploration drill program are as follows:
  • FA-18-051: 1.02 grams per tonne gold over 24.59 metres, including 3.13 g/t gold over 4.78 metres, which includes an interval containing visible gold that assayed 9.90 g/t gold over 0.54 metre, and 12.70 g/t gold over 2.71 metres included within a wider interval of 3.93 g/t gold over 9.96 metres both hosted within an approximately 200 m wide so far unknown package of favourable mafic-ultramafic host rocks with broad low-grade gold mineralization throughout;
  • FA-18-040: 19.18 g/t gold over 0.58 metre in the Cayenne zone, extending this zone approximately 100 metres to the northwest, and 3.08 g/t gold over 3.27 metres in a new zone at depth in the Tabasco South area.
• The 2019 drill program has now commenced with one underground drill rig and one surface drill rig to follow at the end of the month. The first two drill holes of the underground resource drill program (19-5150-003 and 19-5150-001) have intersected visible gold.
• Assay results from seven underground drill holes and 10 surface drill holes are pending.

"These results are significant as they continue to show the considerable potential that exists to increase gold mineralization beyond the known zones at Fenelon along the four-kilometre strike length of the gold-bearing corridor," said Marz Kord, president and chief executive officer. "The new zone intersected in hole FA-18-051 is located several hundred metres away from the main deposit and has very similar characteristics to the existing deposit."

"The discovery of this broad gold mineralized system in a so far unknown gabbroic intrusion at depth in hole FA-18-051 is very exciting. This new mineralized system is made up of a stockwork of gold-bearing veins surrounding more focused higher-grade shear zones which are similar to the ones found in the main deposit," stated Attila Pentek, vice-president, exploration, of Wallbridge. "This discovery lines up well with a strong break in the airborne magnetic signatures, indicating a significant northwest-southeast-trending structure. This structure also appears to control other, so far isolated, historic gold intersections and represents an entirely new exploration target for our 2019 drill program."

The 2018 underground and surface drill programs were completed before the holidays and drill rigs were demobilized. Assay results of several drill holes are still pending and will be reported as they are received in the next few weeks.

The 2019 drill program (50,000 to 75,000 m planned) has commenced last week with one underground drill rig and with one surface drill rig to follow at the end of the month. The 2019 underground resource drilling will initially be carried out from the recently established 5130 level (about 125 m depth) and will target the main high-grade shoots down-plunge to 200 m depth.

The development of an exploration drift is currently under way and will be completed by the end of February. This drift will facilitate resource drilling to greater depth and along strike, including the Tabasco and Cayenne mineralized corridors, as well as the new deep mineralized system discovered in FA-18-051.

The 2019 surface exploration drill program will follow known mineralized zones to 300 to 400 m depth and test targets farther away from the mine workings.

An Orevision surface IP survey to test 600 m strike length of the gold-hosting mineralized environment northwest of the main deposit was completed by Abitibi Geophysics Inc. in February. Results of this study will be incorporated with existing geophysical data into a coherent 3-D mode, which will be used to guide geologic modelling and drill targeting.

A summary of the new drill hole results from the continuing 2018/2019 underground and surface drill programs is reported in the table.

                WALLBRIDGE FENELON GOLD PROPERTY 2018/2019 DRILL ASSAY HIGHLIGHTS (1)   
                                       
Drill hole            From          To    Core length    True width         Au       Au capped (2)
                        (m)         (m)            (m)           (m)      (g/t)           (g/t)

FA-18-040           276.00      276.58           0.58            NA (3)  19.18           19.18
FA-18-040           531.00      534.27           3.27            NA       3.08            3.08
FA-18-041            93.60       95.00           1.40            NA       1.83            1.83
FA-18-042           194.05      195.00           0.95            NA       1.37            1.37
FA-18-051           501.46      526.05          24.59            NA       1.02            1.02
Including           501.46      506.24           4.78            NA       3.13            3.13
Which includes      501.46      502.00           0.54            NA       9.90            9.90
FA-18-051           543.00      552.96           9.96            NA       3.93            3.93
Including           550.25      552.96           2.71            NA      12.70           12.70
FA-18-051           610.75      611.83           1.08            NA       1.73            1.73
FA-18-051           624.64      625.75           1.11            NA       1.27            1.27
18-5175-008          89.35       94.95           5.60          3.06       1.26            1.26
18-5175-010          64.03       65.55           1.52          0.97       1.93            1.93
18-5175-010          81.59       83.92           2.33          1.49       3.28            3.28

(1) Table includes only highlight assay results since the latest press release. Earlier 
highlight intersections of the 2018 program can be found on the company's website.
(2) Au capped at 140 g/t following InnovExplo's 2016 mineral resource estimate.
(3) Currently not enough information available to estimate true width.

Fenelon is located in northwestern Quebec proximal to the Sunday Lake deformation zone (SLDZ) which hosts the Detour gold mine in Ontario, and Balmoral Resources' gold deposits at Martiniere. Fenelon hosts the Discovery zone gold deposit and surrounding four-kilometre strike length of a gold-hosting secondary splay of the SLDZ.

Since acquiring the property in late 2016, Wallbridge has completed an updated resource estimate and a positive prefeasibility study on the existing resource. Wallbridge has completed successful surface exploration drilling campaigns in 2017 and in 2018 has commenced an underground 35,000-tonne bulk sample at Fenelon, which will be completed in Q1 2019. Drilling to date has significantly extended existing zones and discovered several new parallel zones. A substantial 2019 exploration and resource expansion drill program is currently under way.

Drill core samples from the continuing drill program at Fenelon were cut and bagged on site and transported to SGS Canada Inc. Samples, along with standards, blanks and duplicates included for quality assurance and quality control, were prepared and analyzed at SGS Canada Inc. laboratories. Samples are crushed to 90 per cent less than two millimetres. A one-kilogram riffle split is pulverized to greater than 95 per cent passing 106 microns. Fifty-gram samples are analyzed by fire assay and AAS. Samples greater than 10 g/t Au are automatically analyzed by fire assay with gravimetric finish or screen metallic analysis. To test for coarse free gold and for additional quality assurance and quality control, Wallbridge requests screen metallic analysis for samples containing visible gold. These and future assay results may vary from time to time due to reanalysis for quality assurance and quality control.

The qualified persons responsible for the technical content of this press release are Marz Kord, PEng, MSc, MBA, president and CEO, and Dr. Attila Pentek, PGeo, PhD, vice-president, exploration, for Wallbridge Mining Company.

About Wallbridge Mining Company Ltd.

Wallbridge is establishing a pipeline of projects that will support sustainable production and revenue as well as organic growth through exploration and scalability.

Wallbridge is currently developing its 100-per-cent-owned high-grade Fenelon gold property in Quebec with continuing exploration and a 35,000-tonne bulk sample.

We seek Safe Harbor.