Mr. Brian Penny reports

WALLBRIDGE COMPLETES PRIVATE PLACEMENT FOR PROCEEDS OF APPROXIMATELY C$56 MILLION

Wallbridge Mining Company Ltd. has closed its previously announced private placement of common shares with Agnico Eagle Mines Ltd. and Waratah Capital Advisors Ltd., on behalf of certain investment funds managed by it. Under the terms of the private placement, Agnico Eagle purchased 243,927,966 common shares of the company for gross proceeds of approximately $22.4-million and Waratah, on behalf of certain investment funds managed by it, purchased 364,339,130 common shares of the company for gross proceeds of approximately $33.5-million. As of closing, each of Agnico Eagle and Waratah has a partially diluted ownership position of, or control or direction over, approximately 19.9 per cent of the common shares of the company. The net proceeds of the private placement, along with the company's existing financial resources, are expected to fully finance completion of a prefeasibility study on the Fenelon project.

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.

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 (preliminary economic assessment) Fenelon gold project, its earlier-exploration-stage Martiniere gold project as well as numerous greenfield gold projects.

We seek Safe Harbor.