Mr. Marz Kord reports

WALLBRIDGE UNCOVERS MASSIVE SULFIDE NI-CU-PGM MINERALIZATION ON ITS PARKIN PROPERTIES, SUDBURY, ONTARIO

Wallbridge Mining Company Ltd. has released preliminary results from fieldwork, which is under way, exploring for nickel, copper and platinum group metals on its Parkin properties in Sudbury, Ont. Mechanical stripping has exposed six areas with massive, semi-massive and net-textured sulphide mineralization at the surface expression of the Parkin resource. The individual mineralized lenses range from two to 10 metres in width and up to 25 metres strike length, and occur along a 700-metre strike length of the Parkin offset dike. Wallbridge initiated the mechanical stripping to determine the continuity of the mineralization and to better understand the geological controls on mineralization to help target further exploration. This work follows a successful drilling program this spring, which demonstrated significant near-surface resource expansion potential at Parkin (see Wallbridge press release dated April 9, 2015). Pressure washing and detailed mapping of the exposed areas are currently under way and will be followed by systematic channel sampling this summer. "The Parkin properties have high-quality near-surface exploration targets and also have significant potential at depth evident from the presence of a surface resource and a past-producing mine, as well as significant mineralization intersections at depth in the Milnet 1500 zone," stated Marz Kord, president and chief executive officer of Wallbridge. "We are working to attract new partner financing to advance the Parkin properties, and, in the meantime, we add value by further exploration on the properties."

About the Parkin properties

The Parkin properties (Parkin, Milnet, CBA Parkin and Parkin East) cover a 9.4-kilometre strike length of the Parkin offset dike with hosts nickel, copper and platinum group metals mineralization, including:

• The near-surface Parkin resource;
• The past-producing Milnet mine;
• The high-grade Milnet 1500 zone;
• Numerous high-grade showings, high-grade drill intersections and off-hole electromagnetic geophysical conductors.

Drilling and borehole geophysics have identified significant intersections and associated off-hole BHEM (borehole electromagnetic) conductors in several areas beneath the Parkin resource. Detailed geological modelling has identified the potential to expand the Parkin resource to several million tonnes with typical Sudbury grades above 600 metres depth from surface with wide open potential beneath this. This exploration target is conceptual in nature, and is based on the size of the untested area, the nature of nearby mineralization in the Parkin resource, the drilling intersections beneath the Parkin resource, the off-hole conductors and examples of similar offset dike deposits elsewhere in Sudbury. The target is not necessarily indicative of mineralization on the property, and there has been insufficient work on the property to determine whether deposits of this size exist. Further drilling and borehole geophysics are necessary to test this potential.

2015 exploration results to date (drill holes were previously released):

• Stripping has uncovered massive, semi-massive and net-textured sulphide mineralization in six areas at the surface expression of the Parkin resource. The individual mineralized lenses range from two to 10 metres in width and up to 25 metres in strike length, and are distributed over a total strike length of 700 metres;
• WMP-139: 4.02 metres of 2.96 per cent copper, 0.69 per cent nickel, 1.51 grams per tonne platinum, 0.44 g/t palladium, 0.36 g/t gold from 500.52 metres to 504.54 metres downhole;
• WMP-141: 11.60 metres of 0.61 per cent copper, 0.81 per cent nickel, 0.49 g/t platinum, 0.49 g/t palladium and 0.12 g/t gold from 464.50 m to 476.10 m downhole, including 2.25 metres of 0.96 per cent copper, 1.16 per cent nickel, 1.51 g/t platinum, 0.66 g/t palladium and 2.41 g/t gold.

2009-2014 exploration results from drilling beneath Milnet mine (previously released):

• WMM-014: 14.24 metres of 2.57 per cent copper, 0.78 per cent nickel, 1.50 g/t platinum, 2.52 g/t palladium, 3.99 g/t gold from 1,499.66 to 1,513.90 m downhole (Milnet 1500 zone beneath Milnet mine);
• WMM-015-W2: 8.0 metres of 0.60 per cent copper, 4.11 per cent nickel, 1.40 g/t platinum, 2.68 g/t palladium and 0.23 g/t gold from 1,473 m to 1,481 m downhole (Milnet 1500 zone beneath Milnet mine);
• WMM-018-W3: 12.85 metres of 0.73 per cent copper, 0.33 per cent nickel, 0.63 g/t platinum, 0.94 g/t palladium and 0.28 g/t gold from 1,665.8 m to 1,678.65 m downhole (Milnet 1500 zone beneath Milnet mine).

True widths are not known.

Ni-Cu-PGE mineralization on Wallbridge's Parkin properties is typical of that hosted by quartz diorite offset dikes in the Sudbury mining camp. Examples include the prolific deposits at Vale's North and South mines hosted by the Copper Cliff offset dike; Vale's Totten deposit under development in the Worthington offset dike; and KGHM International Ltd.'s recent discovery on its Victoria project, also hosted in the Worthington offset dike. Effective Dec. 31, 2014, Wallbridge entered into an option agreement with Impala Platinum Holdings Ltd. (Implats) to purchase its entire remaining 49.6-per-cent interest in the joint venture at a substantial discount to Implats's $7.2-million past expenditure by making cash payments over five years. To maintain the option, Wallbridge has made the minimum initial cash payment of $100,000, which was due on or before June 30, 2015. Samples were prepared at ALS Chemex Ltd. laboratories in Sudbury and then shipped to its analytical facilities in Vancouver. Samples were analyzed for Au, Pt and Pd by standard lead collection fire assay fusion with an atomic emission spectrometry (ICP-AES) finish. Samples were analyzed for base metals, silver and trace elements using a four-acid (HNO3-HCIO4-HF and HCI) near-total digestion, and a combination of ICP-MS and ICP-AES finish. ICP-MS overlimits were reanalyzed using HF-HNO3-HClO4 acid digestion, HCl leach and ICP-AES with sulphur was analyzed using total sulphur by LECO.

The qualified person responsible for the technical content of this press release is Joshua Bailey, PGeo, MSc, vice-president, exploration.

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