Mr. Marz Kord reports

WALLBRIDGE RESUMES ON-SITE EXPLORATION AND DRILLING ACTIVITIES FOLLOWING TEMPORARY SUSPENSION DUE TO QUEBEC FOREST FIRE RISK

Following the partial lifting of the ban on access to, and exploration activities on, certain areas in Northern Quebec by the Ministere des Ressources Naturelles et des Forets (Ministry of Natural Resources and Forests) in conjunction with the Societe de protection des forets contre le feu (SOPFEU), Wallbridge Mining Company Ltd. has resumed drilling and field exploration programs on its Detour-Fenelon gold trend property.

"Wallbridge's priority throughout this situation has been the safety of our employees, contractors and local communities," said Marz Kord, Wallbridge president and chief executive officer. "We are extremely thankful to the government of Quebec and firefighters for their hard work in controlling the wildfires in the region. There has been no damage to any of Wallbridge's assets and we don't expect any impact on the company's ability to complete its 2023 exploration program."

On June 5, Wallbridge advised investors of the temporary suspension of operations. Two drills are now fully operational. During the period of the temporary shutdown, Wallbridge has continued work on its projects by evaluating historic drill results, assessing geophysics results, working on the PEA (preliminary economic assessment) report, and strategizing the exploration activities at the targets identified on its Detour-Fenelon gold trend.

The company will continue to monitor wildfire development in the region and respond pro-actively and accordingly should the situation change.

About Wallbridge Mining Company Ltd.

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon gold trend while respecting the environment and communities where it operates.

Wallbridge's flagship project, Fenelon, is located on the highly prospective Detour-Fenelon gold trend property in Quebec's northern Abitibi region. An updated mineral resource estimate completed in January, 2023, yielded significantly improved grades and additional ounces at the 100-per-cent-owned Fenelon and Martiniere projects, incorporating a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources.

Fenelon and Martiniere are located within an 830-square-kilometre exploration land package controlled by Wallbridge. In addition, Wallbridge believes that the extensive land package is extremely prospective for the discovery of additional gold deposits.

Wallbridge has reported a positive preliminary economic assessment on its 100-per-cent-owned Fenelon gold project with an estimated average annual gold production of 212,000 ounces over 12.3 years.

Wallbridge also holds a 19.9-per-cent interest in the common shares of Archer Exploration Corp. as a result of the sale of the company's portfolio of nickel assets in Ontario and Quebec in November of 2022.

Wallbridge will continue to focus on its core Detour-Fenelon gold trend property while enabling shareholders to participate in the potential economic upside in Archer.

We seek Safe Harbor.