Wallbridge Drilling Starting to Outline Open Pit Potential in Area 51

Wallbridge Drilling Starting to Outline

Open Pit Potential in Area 51

TORONTO, Jan. 20, 2020 /CNW/ - Wallbridge Mining Company

Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is

pleased to announce that in addition to recent high-grade results in

the Lower Tabasco Zone (see Wallbridge Press Release dated

January 06, 2020), the ongoing exploration drilling has also

intersected wide zones of gold mineralization showing bulk mining

potential in Area 51 on its 100%-owned Fenelon Gold Property

("Fenelon" or the "Property").

"Our focus on the property over the last few months has been

dedicated to achieving several goals. Firstly, we are following up on

high-grade, underground bulk-minable resource development

particularly in the Lower Tabasco Zone. Secondly, while drilling for the

Lower Tabasco Zone, we are testing the Area 51 zones and as such

are beginning to determine both the open-pit and underground bulk

mining resource potential for Area 51. The wide intersections of near-

surface gold mineralization, such as 1.21 g/t Au over 70.99 metres in

hole FA-19-080, identified in the Andromeda Corridor of Area 51,

have the potential to positively impact the overall economics at

Fenelon", stated Marz Kord, President & CEO of Wallbridge. "Fenelon

is situated along the Sunday Lake Deformation Zone, the same

structure which hosts the Detour Lake mine, one of Canada's largest

open pit gold mines; the near-surface drill results to date and the

indications of its expansion to the south and to the west are

reminiscent of the Detour Gold's early development."

Area 51 Andromeda Corridor Highlights (Exploration Drilling)

FA-19-080: 1.21 g/t Au over 70.99 metres in the Enterprise zone, including

5.13 g/t Au over 7.29 metres, 38.26 g/t Au over 0.59 metres and 3.56 g/t Au over 3.66 metres

5.72 g/t Au over 3.83 metres in the Milky Way zone and

11.21 g/t Au over 1.87 metres in the MIB zone (see Figs. 1, 2 and 4)

19-0915-011: 1.01 g/t Au over 132.00 metres, including

20.05 g/t Au over 3.88 metres (which includes 101.00 g/t Au over 0.67 metres) in the

Interstellar zone, 2.68 g/t Au over 4.11 metres in the Enterprise zone, and 2.35 g/t Au over 7.80 metres

(which includes 15.48 g/t Au over 0.91 metres) in the Laika zone (see Figs. 1,2, 8 and 9)

19-0915-016: 0.88 g/t Au over 167.31 metres, including

18.81 g/t Au over 0.67 metres in the Interstellar zone, 2.05 g/t Au over 44.47 metres (which

includes 6.81 g/t Au over 6.29 metres and 3.46 g/t Au over 9.63 metres) in the Laika zone and

10.40 g/t Au over 1.73 metres in the Titan zone (see Figs. 1,2 and 9)

FA-19-090: 1.52 g/t Au over 31.10 metres, including

10.85 g/t Au over 1.78 metres and 13.56 g/t Au over 1.60 metres in the Laika zone and 3.15 g/t Au over

10.84 metres, including 12.56 g/t Au over 2.47 metres in the Titan zone (see Figs. 1,2and 9)

FA-19-092: 1.53 g/t Au over 19.95 metres, including 13.81 g/t Au over 0.85 metres (see Figs. 1, 2 and 9)

FA-19-099: 1.86 g/t Au over 18.92 metres, including 7.73 g/t Au over 3.53 metres in the Titan zone (see

Figs. 1 and 9)

Lower Tabasco Zone Highlights (Exploration Drilling)

FA-19-099: Further gold-bearing assay results have been received surrounding the interval of 5.06 g/t Au over 15.15

metres announced in Wallbridge Press Release dated January 06, 2020. The intersection is now updated as

follows (see Figs. 1,3 and 9):

4.16 g/t Au over 35.55 metres, including

6.95 g/t Au over 7.50 metres an d

6.72 g/t Au over 7.50 metres

FA-19-075: 3.03 g/t Au over 18.49 metres, in cluding 6.18 g/t Au over 8.00 metres (see Figs. 1,3 and 6)

"The updated interval of 4.16 g/t Au over 35.55 metres in FA-19-099,

which is currently our deepest intersection at Fenelon, highlights the

continuing strength of the gold system at 850 metres vertical depth

and we are looking forward to testing this zone down to 1,500 metres

with this year's drill program," stated Attila Péntek, Vice President

Exploration of Wallbridge. "In addition to receiving assays over the

next several weeks from a number of visually strong intersections in

the Lower Tabasco Zone, such as FA-019-096, -098, -103 and -104,

we are looking forward to results from several near-surface

intersections, such as in holes FA-19-098 and FA-19-106, to continue

demonstrating the open pit resource potential in the Andromeda

Corridor."

Main Gabbro, Serrano Zone Highlights (Definition Drilling)

19-1110-004: 4.74 g/t Au over 5.88 metres, including 31.90 g/t Au over 0.60 metres

19-1110-010: 19.44 g/t Au over 3.27 metres, including 65.20 g/t Au over 0.80 metres

2019/2020 Drill Program

Six drill rigs are currently active on the Property: five are focusing on

exploration drillin

g from surface, doing large-spaced step-outs to

define the footprint of the Fenelon gold system, and one underground

drill rig is doing more closely spaced definition drilling of the Main

Gabbro zones near the existing mine workings. A total of 75,000

metres were drilled in 2019 and the program will be continuing in 2020

with the same drilling rate of approximately 9,000 metres per month

for a total of 100,000 to 120,000 metres.

Assay results of 8 surface holes and 23 underground holes of the

2019 exploration drill program are reported in Table 1 and the Figures.

Assays are pending for 24 surface drill holes and 82 underground

holes with the majority of the latter being short (< 50 m) definition drill

holes in the Main Gabbro Zone.

All figures and a table with drill hole information of recently completed

holes can be found on the Company website.

Table 1. Wallbridge Fenelon Gold Property 2019 Drill Assay Highlights (1)

Drill Hole From To From To Length Au Au Cut(2) VG(3) Zone/Corridor

(m) (m) (m) (m) (m) (g/t) (g/t)

19-0915-003 No assays greater than 1 g/t Au

19-0915-007 4.40 5.60 1.20 2.28 2.28 Guntur

19-0915-007 64.60 65.60 1.00 1.18 1.18 Area 51, Andromeda

19-0915-008 No assays greater than 1 g/t Au

19-0915-011 7.20 9.30 2.10 1.30 1.30 Guntur

19-0915-011 21.72 23.22 1.50 1.63 1.63 Area 51, Andromeda

19-0915-011 277.86 279.09 1.23 1.11 1.11 Area 51, Andromeda

19-0915-011 283.12 283.65 0.53 1.68 1.68 Area 51, Andromeda

19-0915-011 292.04 293.60 1.56 3.88 3.88 Area 51, Andromeda

19-0915-011 Including 292.95 293.60 0.65 8.14 8.14 Area 51, Andromeda

19-0915-011 365.60 497.60 132.00 1.01 1.01 Area 51, Andromeda

19-0915-011 Including 365.60 369.71 4.11 2.68 2.68 Area 51, Andromeda

19-0915-011 And 406.14 410.02 3.88 20.05 20.05 Area 51, Andromeda

19-0915-011 Which Includes 409.35 410.02 0.67 101.00 101.00 VG Area 51, Andromeda

19-0915-011 And 463.50 471.30 7.80 2.35 2.35 Area 51, Andromeda

19-0915-011 Which Includes 466.09 467.00 0.91 15.48 15.48 Area 51, Andromeda

19-0915-011 And 496.94 497.60 0.66 8.85 8.85 Area 51, Andromeda

19-0915-011 510.98 512.43 1.45 1.47 1.47 Area 51, Andromeda

19-0915-011 572.96 573.65 0.69 6.76 6.76 Area 51, Andromeda

19-0915-016 165.00 166.24 1.24 1.52 1.52 Area 51, Andromeda

19-0915-016 278.42 445.73 167.31 0.88 0.88

19-0915-016 Including 278.42 279.09 0.67 18.81 18.81 VG Area 51, Andromeda

19-0915-016 And 308.30 313.52 5.22 1.83 1.83 Area 51, Andromeda

19-0915-016 And 345.53 390.00 44.47 2.05 2.05 Area 51, Andromeda

19-0915-016 Which Includes 345.53 351.82 6.29 6.81 6.81 Area 51, Andromeda

19-0915-016 And 368.07 377.70 9.63 3.46 3.46 VG Area 51, Andromeda

19-0915-016 And 385.63 390.00 4.37 2.11 2.11 VG Area 51, Andromeda

19-0915-016 And 400.40 400.92 0.52 1.09 1.09 Area 51, Andromeda

19-0915-016 And 417.00 417.95 0.95 3.52 3.52 Area 51, Andromeda

19-0915-016 And 427.40 428.00 0.60 3.15 3.15 VG Area 51, Andromeda

19-0915-016 And 444.00 445.73 1.73 10.40 10.40 VG Area 51, Andromeda

19-0915-016 452.45 453.40 0.95 1.09 1.09 Area 51, Andromeda

19-0915-016 462.85 464.08 1.23 1.84 1.84 Area 51, Andromeda

19-0915-016 502.15 503.15 1.00 3.59 3.59 Area 51, Andromeda

19-0915-016 523.18 526.10 2.92 1.19 1.19 Area 51, Andromeda

19-1000-010 16.58 18.00 1.42 1.40 1.40

19-1000-011 No assays greater than 1 g/t Au

19-1000-012 128.20 129.00 0.80 3.16 3.16 Main Gabbro, Naga V

19-1000-012 134.45 135.95 1.50 1.00 1.00 Main Gabbro, Naga V

19-1025-002 190.55 192.00 1.45 1.03 1.03 Main Gabbro, Naga V

19-1035-008 156.20 156.52 0.32 4.95 4.95 Main Gabbro, Serrano

19-1035-010 No assays greater than 1 g/t Au

19-1035-011 No assays greater than 1 g/t Au

19-1110-001 46.78 48.50 1.72 2.96 2.96 Main Gabbro, Serrano

19-1110-002 45.00 45.92 0.92 1.77 1.77 Main Gabbro, Serrano

19-1110-002 48.84 49.97 1.13 2.08 2.08 Main Gabbro, Serrano

19-1110-003 49.90 51.00 1.10 1.52 1.52 Main Gabbro, Serrano

19-1110-003 62.26 64.05 1.79 6.61 6.61 Main Gabbro, Serrano

19-1110-004 47.85 53.73 5.88 4.74 4.74 Main Gabbro, Serrano

19-1110-004 Including 53.13 53.73 0.60 31.90 31.90 VG Main Gabbro, Serrano

19-1110-005 45.00 51.73 6.73 2.95 2.95 Main Gabbro, Serrano

19-1110-006 45.00 48.00 3.00 3.18 3.18 Main Gabbro, Serrano

19-1110-007 48.00 49.00 1.00 7.68 7.68 Main Gabbro, Serrano

19-1110-008 45.02 52.06 7.04 1.75 1.75 Main Gabbro, Serrano

19-1110-009 No assays greater than 1 g/t Au

19-1110-010 49.48 52.75 3.27 19.44 19.44 Main Gabbro, Serrano

19-1110-010 Including 51.20 52.00 0.80 65.20 65.20 VG Main Gabbro, Serrano

19-1110-011 45.15 61.50 16.35 1.64 1.64 Main Gabbro, Serrano

19-1110-011 Including 59.35 60.47 1.12 6.27 6.27 Main Gabbro, Serrano

FA-19-075 308.67 309.00 0.33 1.04 1.04 VG Area 51, Andromeda

FA-19-075 418.26 428.67 10.41 1.10 1.10 Area 51, Andromeda

FA-19-075 Including 418.26 419.32 1.06 5.71 5.71 VG Area 51, Andromeda

FA-19-075 543.00 544.23 1.23 2.96 2.96 Area 51, Andromeda

FA-19-075 552.00 553.25 1.25 1.11 1.11 Area 51, Andromeda

FA-19-075 554.17 555.00 0.83 1.08 1.08 Area 51, Andromeda

FA-19-075 569.55 570.80 1.25 1.07 1.07 Area 51, Andromeda

FA-19-075 598.01 616.50 18.49 3.03 3.03 Lower Tabasco

FA-19-075 Including 608.50 616.50 8.00 6.18 6.18 Lower Tabasco

FA-19-075 652.80 654.15 1.35 1.26 1.26 Cayenne

FA-19-078 668.00 669.00 1.00 1.56 1.56 Area 51, Andromeda

FA-19-078 679.97 680.69 0.72 5.56 5.56 Area 51, Andromeda

FA-19-078 690.47 705.59 15.12 1.35 1.35 Lower Tabasco

FA-19-078 Including 704.51 705.59 1.08 11.03 11.03 Lower Tabasco

FA-19-078 725.50 726.00 0.50 1.21 1.21 Cayenne

FA-19-078 790.37 790.92 0.55 3.43 3.43 Cayenne

FA-19-079 144.65 145.47 0.82 1.33 1.33 Area 51, Andromeda

FA-19-079 181.60 190.70 9.10 2.01 2.01 Upper Tabasco

FA-19-079 Including 188.02 188.80 0.78 10.78 10.78 Upper Tabasco

FA-19-079 237.20 238.00 0.80 1.84 1.84 Upper Tabasco

FA-19-080 87.91 88.87 0.96 1.22 1.22 Area 51, Andromeda

FA-19-080 112.03 112.63 0.60 4.29 4.29 Area 51, Andromeda

FA-19-080 131.84 202.83 70.99 1.21 1.21 Area 51, Andromeda

FA-19-080 Including 131.84 139.13 7.29 5.13 5.13 Area 51, Andromeda

FA-19-080 And 131.84 132.44 0.60 26.54 26.54 VG Area 51, Andromeda

FA-19-080 And 138.47 139.13 0.66 31.04 31.04 VG Area 51, Andromeda

FA-19-080 And 170.69 171.28 0.59 38.26 38.26 VG Area 51, Andromeda

FA-19-080 And 199.17 202.83 3.66 3.56 3.56 VG Area 51, Andromeda

FA-19-080 319.05 322.88 3.83 5.72 5.72 Area 51, Andromeda

FA-19-080 Including 319.05 320.40 1.35 9.29 9.29 Area 51, Andromeda

FA-19-080 341.70 342.28 0.58 1.59 1.59 Area 51, Andromeda

FA-19-080 358.15 360.70 2.55 2.66 2.66 Area 51, Andromeda

FA-19-080 396.92 398.34 1.42 1.59 1.59 Area 51, Andromeda

FA-19-080 409.91 411.78 1.87 11.21 11.21 V G Area 51, Andromeda

FA-19-088 51.00 56.16 5.16 2.40 2.40 Area 51, Andromeda

FA-19-088 Including 51.00 52.50 1.50 6.65 6.65 Area 51, Andromeda

FA-19-088 75.42 77.23 1.81 2.69 2.69 Area 51, Andromeda

FA-19-088 87.00 87.95 0.95 1.15 1.15 Area 51, Andromeda

FA-19-088 89.85 90.77 0.92 1.89 1.89 Area 51, Andromeda

FA-19-090 68.75 69.82 1.07 2.85 2.85 Area 51, Andromeda

FA-19-090 123.49 124.25 0.76 1.09 1.09 Area 51, Andromeda

FA-19-090 225.00 235.84 10.84 3.15 3.15 Area 51, Andromeda

FA-19-090 Including 225.00 227.47 2.47 12.56 12.56 Area 51, Andromeda

FA-19-090 325.42 326.82 1.40 5.37 5.37 Area 51, Andromeda

FA-19-090 372.84 373.45 0.61 3.41 3.41 Area 51, Andromeda

FA-19-090 404.73 405.25 0.52 1.26 1.26 Area 51, Andromeda

FA-19-090 408.32 409.55 1.23 2.20 2.20 Area 51, Andromeda

FA-19-090 425.70 456.80 31.10 1.52 1.52 Area 51, Andromeda

FA-19-090 Including 425.70 427.48 1.78 10.85 10.85 Area 51, Andromeda

FA-19-090 And 455.20 456.80 1.60 13.56 13.56 Area 51, Andromeda

FA-19-090 521.48 528.00 6.52 1.39 1.39 Area 51, Andromeda

FA-19-090 566.60 575.32 8.72 1.38 1.38 Area 51, Andromeda

FA-19-090 Including 574.52 575.32 0.80 8.87 8.87 Area 51, Andromeda

FA-19-090 606.96 607.50 0.54 1.93 1.93 VG Area 51, Andromeda

FA-19-090 688.79 690.00 1.21 1.11 1.11 New zone

FA-19-092 433.84 435.25 1.41 1.46 1.46 Area 51, Andromeda

FA-19-092 478.16 482.45 4.29 2.70 2.70 Area 51, Andromeda

FA-19-092 494.64 495.50 0.86 1.05 1.05 Area 51, Andromeda

FA-19-092 499.33 499.95 0.62 2.41 2.41 Area 51, Andromeda

FA-19-092 508.78 516.90 8.12 2.31 2.31 Area 51, Andromeda

FA-19-092 Including 512.01 512.63 0.62 13.63 13.63 Area 51, Andromeda

FA-19-092 And 515.74 516.25 0.51 11.68 11.68 VG Area 51, Andromeda

FA-19-092 560.11 560.90 0.79 1.98 1.98 Area 51, Andromeda

FA-19-092 564.31 565.53 1.22 1.23 1.23 Area 51, Andromeda

FA-19-092 580.15 581.51 1.36 1.00 1.00 Area 51, Andromeda

FA-19-092 587.05 607.00 19.95 1.53 1.53 Area 51, Andromeda

FA-19-092 Including 606.15 607.00 0.85 13.81 13.81 Area 51, Andromeda

FA-19-092 638.65 646.78 8.13 2.20 2.20 VG Area 51, Andromeda

FA-19-092 Including 638.65 640.76 2.11 6.57 6.57 Area 51, Andromeda

FA-19-092 659.66 661.07 1.41 2.07 2.07 Area 51, Andromeda

FA-19-092 742.41 743.61 1.20 2.88 2.88 New Zone

FA-19-092 754.00 757.19 3.19 2.14 2.14 New Zone

FA-19-092 852.00 853.58 1.58 6.56 6.56 Cayenne

FA-19-099 69.00 69.50 0.50 3.44 3.44 Area 51, Andromeda

FA-19-099 148.39 149.87 1.48 1.16 1.16 Area 51, Andromeda

FA-19-099 327.21 328.44 1.23 2.26 2.26 Area 51, Andromeda

FA-19-099 389.49 390.00 0.51 1.54 1.54 Area 51, Andromeda

FA-19-099 414.00 415.16 1.16 1.70 1.70 Area 51, Andromeda

FA-19-099 435.00 435.78 0.78 2.91 2.91 Area 51, Andromeda

FA-19-099 446.71 447.43 0.72 5.23 5.23 Area 51, Andromeda

FA-19-099 614.69 623.03 8.34 1.29 1.29 Area 51, Andromeda

FA-19-099 Including 616.92 617.56 0.64 6.67 6.67 Area 51, Andromeda

FA-19-099 643.40 662.32 18.92 1.86 1.86 Area 51, Andromeda

FA-19-099 Including 658.79 662.32 3.53 7.73 7.73 Area 51, Andromeda

FA-19-099 689.00 690.00 1.00 4.44 4.44 Area 51, Andromeda

FA-19-099 724.00 724.57 0.57 2.48 2.48 Area 51, Andromeda

FA-19-099 732.15 736.17 4.02 1.16 1.16 Area 51, Andromeda

FA-19-099 746.11 746.71 0.60 1.28 1.28 Area 51, Andromeda

FA-19-099 767.18 768.00 0.82 3.48 3.48 Area 51, Andromeda

FA-19-099 781.38 782.14 0.76 1.03 1.03 Area 51, Andromeda

FA-19-099 786.00 787.20 1.20 1.24 1.24 Area 51, Andromeda

FA-19-099 818.49 819.29 0.80 1.02 1.02 Area 51, Andromeda

FA-19-099 847.10 847.85 0.75 2.18 2.18 Area 51, Andromeda

FA-19-099 894.51 895.15 0.64 4.87 4.87 Area 51, Andromeda

FA-19-099 901.84 903.00 1.16 1.34 1.34 Area 51, Andromeda

FA-19-099 910.03 910.66 0.63 7.39 7.39 Area 51, Andromeda

FA-19-099 950.90 951.55 0.65 4.01 4.01 VG Area 51, Andromeda

FA-19-099 1008.45 1044.00 35.55 4.16 4.16 Lower Tabasco (4)

FA-19-099 Including 1009.00 1016.50 7.50 6.95 6.95 VG Lower Tabasco

FA-19-099 And 1036.50 1044.00 7.50 6.72 6.72 Lower Tabasco

FA-19-099 1075.50 1076.50 1.00 1.01 1.01 Cayenne

FA-19-099 1083.25 1085.25 2.00 5.31 5.31 Cayenne

(1) Table includes only highlight assay results received since the latest press release

(2) Au cut at 140 g/t following InnovExplo's 2016 Mineral Resource Estimate

(3) Intervals containing visible gold ("VG")

(4) Interval changed from that previously reported in Wallbridge Press Release dated January 06, 2020 after receiving

further surrounding assay results

Note: True widths are estimated to be 50-80% of the reported core length intervals

About the Fenelon Gold Property

The Fenelon Gold Property is located proximal to the Sunday Lake

Deformation Zone, an emerging gold belt in northwestern Quebec.

This major east-west structure in the northern Abitibi greenstone belt

hosts the Detour Lake mine, and is very similar to other breaks

controlling world-class gold camps in the southern Abitibi, yet it

remains underexplored due to thick glacial cover.

At Fenelon, secondary splays of the Sunday Lake Deformation Zone

have controlled the emplacement of a significant gold system along

and within the Jeremie Pluton. Historically, exploration has focused on

high-grade shear zones hosted in the Main Gabbro, and this is where

Wallbridge completed a bulk sample of 33,500 tonnes grading 18.49

g/t gold.

In late 2018, exploration drilling discovered a new geologic setting with

extensive vein- and shear-hosted gold mineralization along and within

the pluton, naming it Area 51. The 75,000 m 2019 drill program has

proven the connectivity of Area 51 through the sediment-hosted

Tabasco and Cayenne Zones to the Main Gabbro and has

significantly expanded the footprint and depth extent of the Fenelon

gold system. The ongoing, fully funded 100,000 to 120,000 metre

2020 drill program is aiming to further define the size potential of the

deposit and complete in-fill drilling in support of a maiden 43-101

resource estimate.

Assay QA/QC and Qualified Persons

Drill core samples from the ongoing drill program at Fenelon are cut

and bagged either on site or by contractors and transported to either

SGS Canada Inc. or ALS Canada Ltd for analysis. Samples, along

with standards, blanks and duplicates included for quality assurance

and quality control, were prepared and analyzed at SGS Canada Inc.

or ALS Canada Ltd. laboratories. Samples are crushed to 90% or 95%

less than 2mm. A 1kg riffle split is pulverized to >95% passing 106

microns or 85% passing 75 microns. 50g samples are analyzed by fire

assay and AAS. At SGS, samples >10g/t Au are automatically

analyzed by fire assay with gravimetric finish or screen metallic

analysis. To test for coarse free gold and for additional quality

assurance and quality control, Wallbridge requests screen metallic

analysis for samples containing visible gold. These and future assay

results may vary from time to time due to re-analysis for quality

assurance and quality control.

The Qualified Person responsible for the technical content of this

press release is Evan Slater, P.Geo., M.Sc., Senior Project Geologist

of Wallbridge.

About Wallbridge Mining

Wallbridge is establishing a pipeline of projects that will support

sustainable 100,000 ounce-plus annual gold production as well as

organic growth through exploration and scalability.

The Company is currently developing its 100%-owned Fenelon Gold

Property, which is located proximal to the Sunday Lake Deformation

Zone, an emerging gold belt in northwestern Quebec with ongoing

100,000 to 120,000 m exploration drill program in 2020 and a 33,500-

tonne bulk sample and 75,000 m drilling completed in 2019.

Wallbridge is also pursuing additional advanced-stage projects which

would add to the Company's near-term project pipeline. Wallbridge is

also the operator of, and a 20% shareholder in, Loncan Canada Inc., a

privately-held company with a large portfolio of nickel, copper, and

PGM projects in Ontario's Sudbury Basin.

This press release may contain forward-looking statements

(including "forward-looking information" within the meaning of

applicable Canadian 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 expected", "budget", "scheduled", "estimates",

"forecasts", "intends", "anticipates" or "does not anticipate", or

"believes", or variations of such words and phrases or

statements that certain actions, 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-looking statements, including, without

limitation, the costs associated with the development 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 results, level of activity, performance or

outcomes of such exploration and/or mine development to be

materially different from those expressed or implied by such

forward-looking statements including, without limitation, whether

such discoveries will result in commercially viable quantities of

such mineralized materials, the possibility of changes to project

parameters as plans continue to be refined, the ability to execute

planned exploration and future drilling programs, the need for

additional funding to continue exploration and development

efforts, changes in general 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 public filings. Forward-looking statements are not

guarantees of future performance and such information 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

factors and risks that cause actions, events or results not to be

as anticipated, estimated or intended. Consequently, undue