Mr. Eric Sprott, a shareholder, reports

ERIC SPROTT ANNOUNCES CHANGES TO HIS HOLDINGS IN WALLBRIDGE MINING COMPANY LIMITED

Eric Sprott, through 2176423 Ontario Ltd., a corporation he beneficially owns, donated 163,306,752 common shares of Wallbridge Mining Company Ltd. to The Sprott Foundation (which he controls). Combined with prior share issuances by Wallbridge Mining, this resulted in a decrease in holdings of approximately 8.0 per cent of the outstanding shares on a partially diluted basis since the date of the last early warning report. Prior to the donation of these shares, Mr. Sprott beneficially owned and controlled 165,306,752 shares, representing approximately 13.5 per cent of the issued and outstanding shares.

As a result of the donation, Mr. Sprott still beneficially owns and controls two million shares, representing approximately 0.2 per cent of the outstanding shares. However, Mr. Sprott still controls the 163,306,752 shares donated to The Sprott Foundation. Therefore, Mr. Sprott still controls 165,306,752 shares, representing approximately 13.5 per cent of the issued and outstanding shares.

The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment, and may acquire additional securities, including on the open market or through private acquisitions, or sell the securities, including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of the early warning report with respect to the foregoing will appear on Wallbridge Mining's profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario, 1106, 7 King St. East, Toronto, Ont., M5C 3C5).