Wallbridge Mining Provides Corporate Update Announces Recent Casault and Beschefer Property Transactions
Wallbridge Mining Provides Corporate Update
Announces Recent Casault and Beschefer Property Transactions
Toronto, Ontario – February 26, 2025 – Wallbridge Mining Company Limited (TSX: WM,
OTCQB: WLBMF) (“Wallbridge” or the “Company”) today announced transactions related to
the Casault and Beschefer gold properties in the Northern Abitibi region of Quebec.
Casault Gold Property
The Company has entered into an amending agreement with Midland Exploration Inc. (“Midland”)
that extends the time period to fulfil the terms of the option agreement to earn a n initial 50%
interest in the Casault property to December 31, 2026. All other terms and conditions of the
original option agreement signed with Midland (as announced on June 18, 2020) remain
unchanged, including a second option for Wallbridge to earn an additional 15% interest for a total
65% interest in the property.
The Casault property is strategically located between Wallbridge’s Detour East Gold property
(currently under option to Agnico Eagle Mining Ltd. ) and the western border of Wallbridge’s
Martiniere gold property. The 177 km 2 Casault property covers over 20 km of the Sunday Lake
Deformation Zone which hosts the largest producing gold mine in Canada - the Detour Lake mine
– to the west and Wallbridge’s Martiniere and Fenelon gold properties to the east.
Beschefer Gold Property
In February 2021, Wallbridge and Abitibi Metals Corp. (“Abitibi”) (formerly Goldseek Resources
Inc.) entered into a purchase option agreement granting Abitibi an option to acquire a 100%
ownership interest in the Company’s Beschefer gold project. Wallbridge has agreed that Abitibi
has satisfied the terms of the option agreement by incurring $3,000,000 in expenditures over the
four year period since signing, and issuing to the Company a final installment of 2,033,672 Abitibi
common shares. Beschefer is located approximately 28 km southwest of Wallbridge’s Fenelon
Gold Project. The process of transferring the mineral titles to the Beschefer claims to Abitibi is
underway.
About Wallbridge Mining
Wallbridge is focused on creating value through the exploration and sustainable development of gold
projects in Québec’s Northern Abitibi region while respecting the environment and communities where
it operates. The Company holds a contiguous mineral property position totaling 830 km2 that extends
approximately 97 kilometers 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.
For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:
Brian Penny, CPA, CMA,
CEO
Tel: (416) 716-8346
Email: [email protected]
M: +1 416 716 8346
WALLBRIDGE MINING COMPANY LIMITED
TSX| WM
OTCQB | WLBMF
2 P age
Tania Barreto, CPIR
Director, Investor Relations
Email: [email protected]
M: +1 289 819 3012
Cautionary Note Regarding Forward-Looking Information
The information in this document may contain 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 document.
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 include, but are not limited to, 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 in this document may include, but is not limited to: the Company’s exploration plans ; the future
prospects of Wallbridge; statements regarding the results of the PEA; future drill results; the
Company’s ability to convert inferred resources into measured and indicated resources; environmental
matters; stakeholder engagement and relationship s; parameters and methods used to estimate the
mineral resource estimates (“MRE”) at the Fenelon and Martiniere properties (collectively the
“Deposits”); the prospects, if any, of the Deposits; future drilling at the Deposits; and the significance
of historic exploration activities and results.
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 fr om 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 shareh olders and prospective purchasers of
securities of the Company that actual results will be consistent with such FLI, as there may be other
factors that cause results not to be as anticipated, estimated or intended, and neither the Company
nor any other per son 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 circum stances.
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.
Assumptions upon which FLI is based, without limitation, include: the results of exploration activities,
the Company’s financial position and general economic conditions; the ability of exploration activities
to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company
WALLBRIDGE MINING COMPANY LIMITED
TSX| WM
OTCQB | WLBMF
3 P age
to complete further exploration activities; the legitimacy of title and property interests in the Deposits;
the accuracy of key assumptions, parameters or methods used to estimate the MREs and in the PEA;
the ability of the Company to obtain required appro vals; geological, mining and exploration technical
problems; and failure of equipment or processes to operate as anticipated; the evolution of the global
economic climate; metal prices; foreign exchange rates; environmental expectations; community and
non-governmental actions; and, the Company’s ability to secure required funding. Risks and
uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the
securities regulatory authorities in Canada, which are available at www.sedarplus.ca.
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 are 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 such, 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 requirements under the U.S. federal securities laws and the
rules and regulations thereunder.