Wallbridge Announces Sale of Detour East Claims
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Wallbridge Announces Sale of Detour East Claims
Toronto, Ontario – October 2, 2025 – Wallbridge Mining Company Limited (TSX:WM,
OTCQB:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce that it has sold
mineral claims comprising the Detour East property to Agnico Eagle Mines Limited (“ Agnico
Eagle”) for cash consideration of $8 million plus a 2% NSR royalty over the property (with a $4
million buyback option in favour of Agnico Eagle) . The Detour East claims were the subject of
an existing earn-in agreement between Wallbridge and Agnico Eagle. The transaction provides
immediate liquidity to Wallbridge and will allow it to focus on the continued exploration and
development of its Detour-Fenelon Gold Trend Property located in the northern Abitibi region
of Quebec.
“The sale of Detour East to Agnico strengthens our financial position and provides Wallbridge
additional flexibility as we continue to advance our Detour-Fenelon Gold Trend Property ,"
commented Brian W. Penny, CEO. “The 2% NSR on the property enables us to maintain
exposure to Detour East ’s potential and is consistent with our strategy of prioritizing our two
core assets Fenelon and Martiniere,” concluded Mr. Penny.
Qualified Person
The Qualified Person responsible for the technical content of this news release is Mr. Mark A.
Petersen M.Sc., P.Geo. (OGQ AS -10796; PGO 3069), Senior Exploration Consultant for
Wallbridge.
About Wallbridge Mining
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 posi tion totaling 598
km2 that extends approximately 82 km along the Detour-Fenelon gold trend. The property is host
to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage
Martiniere Gold Project, as well as numerous greenfields stage gold projects .
For further information please visit the Company’s website at https://wallbridgemining.com/ or
contact:
Brian Penny, CPA, CMA
CEO
Email: [email protected]
M: +1 416 716 8346
Tania Barreto, CPIR
Director Investor Relations
Email: [email protected]
M: +1 289 819 3012
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements or information (collectively, “FLI”) within the
meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates,
projections, and interpretations as at the date of this news release.
All statements, other than statements of historical fact, included herein are FLI that involve various risks,
assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that
WALLBRIDGE MINING COMPANY LIMITED
TSX| WM
OTCQB | WLBMF
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include words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”,
“estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets”
and variations of such words and phrases, or by statements that certain actions, events or results “may”,
“will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”
FLI herein includes, but is not limited to, statements regarding the benefits of the sale of Detour East and
our ability to advance the Company’s Detour-Fenelon Gold Trend Property. Forward-looking information
is not, and cannot be, a guarantee of future results or events. FLI is designed to help you understand
management’s current views of its near- and longer-term prospects, and it may not be appropriate for
other purposes. FLI by their nature are based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance, or achievements of the
Company to be materially different from any future results, performance or achievements expressed or
implied by such FLI. Although the FLI contained in this document is based upon what management
believes, or believed at the time, to be reasonable assumptions, the Company cannot assure
shareholders and prospective purchasers of securities of the Company that actual results wi ll be
consistent with such FLI, as there may be other factors that cause results not to be as antici pated,
estimated or intended, and neither the Company nor any other person assumes responsibility for the
accuracy and completeness of any such FLI. Except as required by law, the Company does not
undertake, and assumes no obligation, to update or revise any such FLI contained in this document to
reflect new events or circumstances. Unless otherwise noted, this document has been prepared based
on information available as of the date of this document. Accordingly, you should not place undue
reliance on the FLI, or information contained herein.
Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.
Cautionary Notes to United States Investors
Wallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S.
Securities and Exchange Commission (the " SEC"). Terms relating to mineral properties, mineralization and
estimates of mineral reserves and mineral resources and economic studies used herein a re defined in
accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and
Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19,
2014, as amended . NI 43 -101 differs significantly from the disclosure requirements of the SEC generally
applicable to US companies. As s uch, the information presented herein concerning mineral properties,
mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar
information made public by U.S. companies subject to the reporting and disclosure r equirements under the
U.S. federal securities laws and the rules and regulations thereunder .