Mr. Brian Penny reports

WALLBRIDGE TO ADVANCE FENELON TO PRE-FEASIBILITY STUDY WITH STRATEGIC INVESTMENTS FROM AGNICO EAGLE AND WARATAH FOR APPROXIMATELY C$56 MILLION

Wallbridge Mining Company Ltd. has entered into definitive agreements with Agnico Eagle Mines Ltd. and Waratah Capital Advisors Ltd., on behalf of certain investment funds managed by it, pursuant to which each of Agnico Eagle and Waratah has agreed to acquire such number of common shares that will result in each holding a partially diluted ownership position of, or control or direction over, approximately 19.9 per cent in the company, which will result in a capital injection of approximately $56-million into the company at closing.

Brian Penny, chief executive officer of Wallbridge, commented: "We are delighted to announce these cornerstone investments from our long-time shareholder Agnico Eagle and by Waratah, who we welcome as a significant new shareholder in the company.

"In our view, these investments underscore the quality and scale of our flagship asset, Fenelon, while providing the capital required to advance it through infill drilling and a prefeasibility study, which we expect to deliver in late 2027 or early 2028.

"As part of this next chapter, we also intend to seek shareholder approval in due course to complete a 20:1 share consolidation and a renaming of the company to Sunday Lake Gold.

"With this capital injection from our cornerstone investors, we will be well positioned to advance Fenelon and unlock significant value for all shareholders as we enter this important new phase in the company's history."

Key highlights:

• Strategic investments will be made at a price of 9.2 cents per common share, representing a premium of 15 per cent to the company's 20-day volume-weighted average price on the Toronto Stock Exchange.
• The net proceeds of the offering, along with the company's existing financial resources, are expected to fully finance completion of a prefeasibility study on the Fenelon project.
• Agnico Eagle and Waratah will each have, or exercise control or direction over, a 19.9-per-cent partially diluted position in the company (including the common shares and warrants that Agnico Eagle already owns).
• The company intends to seek shareholder approval for a name change to Sunday Lake Gold and a 1:20 share consolidation. Further information regarding such matters will be available in due course.

Additional details

Agnico Eagle has agreed to purchase 243,927,966 common shares of the company for gross proceeds of approximately $22.4-million, which, together with Agnico Eagle's existing ownership position of common shares and common share purchase warrants, will result in a partially diluted ownership interest of 19.9 per cent in the company.

Waratah, on behalf of certain investment funds managed by it, agreed to purchase 364,339,130 common shares of the company for gross proceeds of approximately $33.5-million, which will result in such funds having an aggregate pro forma ownership interest of 19.9 per cent in the company.

In connection with the investments, at closing, the company will enter into an investor rights agreement with each of Agnico Eagle and Waratah, whereby each investor will be entitled to certain rights, provided that they each maintain certain ownership thresholds in the company, including, but not limited to: participation rights, top-up rights and the right to appoint at least one member to the company's board of directors. Agnico Eagle will also have the ability to participate in a technical committee to provide recommendations and advice to the company on technical matters.

Closing is subject to customary conditions for a transaction of this nature, including the approval of the TSX.

The company intends to call a special meeting of shareholders in Q3 2026 in order to authorize a 1:20 share consolidation and a name change to Sunday Lake Gold. A circular containing further information regarding such matters will be made available in due course.

The company intends to complete the fully financed 2026 exploration program at Martiniere, Casault and Grasset, which is already in progress, but will thereafter dedicate the vast majority of its efforts and capital on Fenelon.

Advisers and counsel

BMO Capital Markets acted as financial adviser and Stikeman Elliott LLP acted as legal adviser to the company. Davies Ward Phillips & Vineberg LLP acted as legal adviser to Agnico Eagle and McMillan LLP acted as legal adviser to Waratah.

About Wallbridge Mining Company Ltd.

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec's Abitibi region while respecting the environment and communities where it operates. The company holds a contiguous mineral property position totalling 598 square kilometres that extends approximately 82 kilometres along the Detour-Fenelon gold trend. The land position is host to the company's flagship PEA-stage Fenelon gold project and its earlier-exploration-stage Martiniere gold project as well as numerous greenfield gold projects.

We seek Safe Harbor.