Wallbridge announces a custom milling contract with Monarques Gold for 35,000- tonne bulk sample from Fenelon Gold property

Wallbridge announces a custom milling contract with Monarques Gold for 35,000-

tonne bulk sample from Fenelon Gold property

TORONTO, Nov. 14, 2017 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7 )

(" Wallbridge ") is pleased to announce that progress toward mining of a bulk sample at its Fenelon Gold

property has taken a significant step forward with the signing of a custom milling contract with Monar ques

Gold Corporation ("Monarques") (TSX.V:MQR) (FRANKFU RT:MR7).

Monarques will process the 35,000-tonne bulk sample ore from the Fenelon Gold property, located 75 km

west-northwest of Matagami, Quebec, at its Camflo m ill.

"The signing of this toll milling contract is a major milestone in our plans for an underground bulk s ample

to assess the nature of high-grade gold mineralizat ion and to drill for expansion of the resource at the

Fenelon Gold property," said Marz Kord, Wallbridge President and CEO, "Importantly, the Camflo mill is

familiar with the characteristics of processing Fenelon Gold ore. This is the same mill which processed

previous bulk samples from Fenelon Gold in 2001 and 2004 with recoveries in excess of 97% at head

grades of over 10 grams per tonne."

The Qualified Person responsible for this press release is Marz Kord, P.Eng., M.Sc., MBA, President &

CEO for Wallbridge Mining Company Limited.

About Wallbridge Mining

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 preparing to develop its 100%-owned high-grade Fenelon Gold Property in

Quebec with ongoing exploration and a bulk sample targeted to start in 2017. Wallbridge is also in

discussions regarding several other advanced stage projects which could become the Company's next

mines. These discussions benefit from the operating capabilities Wallbridge demonstrated by safely and

efficiently mining the Broken Hammer deposit in Sud bury, which was completed in October

2015. Wallbridge is also continuing partner-funded exploration on its large portfolio of nickel, copper, and

PGM projects in Sudbury, Ontario, with a focus on its high-grade Parkin project.

Wallbridge also has exposure to active exploration for copper and gold in Jamaica and British Columbia

through its 12.7% ownership of Carube Copper Corp. (CUC:TSX-V, formerly Miocene Resources

Limited).

This press release may contain forward-looking stat ements (including "forward-looking

information" within the meaning of applicable Canad ian securities legislation and "forward-

looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995)

relating to, among other things, the operations of Wallbridge and the environment in which it

operates. Generally, forward-looking statements can be identified by the use of words such as

"plans", "expects" or "does not expect", "is expect ed", "budget", "scheduled", "estimates",

"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such

words and phrases or statements that certain action s, events or results "may", "could", "would",

"might" or "will be taken", "occur" or "be achieved ". Wallbridge has relied on a number of

assumptions and estimates in making such forward-lo oking statements, including, without

limitation, the costs associated with the developme nt and operation of its properties. Such

assumptions and estimates are made in light of the trends and conditions that are considered to

be relevant and reasonable based on information available and the circumstances existing at this

time. A number of risk factors may cause actual res ults, level of activity, performance or

outcomes of such exploration and/or mine developmen t to be materially different from those

expressed or implied by such forward-looking statem ents including, without limitation, whether

such discoveries will result in commercially viable quantities of such mineralized materials, the

possibility of changes to project parameters as pla ns continue to be refined, the ability to execute

planned exploration and future drilling programs, t he need for additional funding to continue

exploration and development efforts, changes in gen eral economic, market and business

conditions, and those other risks set forth in Wallbridge's most recent annual information form

under the heading "Risk Factors" and in its other p ublic filings. Forward-looking statements are

not guarantees of future performance and such infor mation is inherently subject to known and

unknown risks, uncertainties and other factors that are difficult to predict and may be beyond the

control of Wallbridge. Although Wallbridge has attempted to identify important risks and factors

that could cause actual actions, events or results to differ materially from those described in

forward-looking statements, there may be other fact ors and risks that cause actions, events or

results not to be as anticipated, estimated or intended. Consequently, undue reliance should not

be placed on such forward-looking statements. In ad dition, all forward-looking statements in this

press release are given as of the date hereof.

Wallbridge disclaims any intention or obligation to update or revise any forward-looking

statements, whether as a result of new information, future events or otherwise, save and except

as may be required by applicable securities laws. T he forward-looking statements contained

herein are expressly qualified by this disclaimer.

SOURCE Wallbridge Mining Company Limited

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For further information: Please visit the Company's website at www.wallbridgemining.com or

contact: Wallbridge Mining Company Limited, Joshua Bailey, P.Geo., M.Sc., MBA, Vice President

Exploration, Tel: (705) 682-9297 ext. 240, Email: [email protected]; David Ellis, Investor

Relations, Tel: (416) 704-0937, Email: [email protected]

CO: Wallbridge Mining Company Limited

CNW 07:30e 14-NOV-17