Wallbridge Mining Files NI-43-101 Technical Report for Fenelon Mine Property

Toronto, Ontario — August 4, 2016 – Wallbridge Mining Company (TSX:WM,FWB:WC7) today announced the filing on SEDAR of independent NI 43-101 technical report completed by Pierre-Luc Richard, P.Geo., Catherine Jalbert, P.Geo. and Bruno Turcotte, P. Geo. of Innovexplo Inc. (“Innovexplo“) entitled “Technical Report and mineral resource estimate for the Fenelon Mine Property” dated July 29, 2016. This filing follows upon the press release of July 14, 2016, which referenced the summary highlights of the new resource estimate.
Highlights of the technical report as previously announced in the Wallbridge’s July 14, 2016 press release are as follows:
Highlights:

• The measured and indicated mineral resource is 91,100 Tonnes at 12.97 grams per tonne gold containing 38,000 ounces of gold
• A 90% increase in tonnes, and a 26% increase in contained ounces, relative to the previous historic Measured and Indicated Resource estimate
• A large proportion of the resource is located in close proximity to existing underground workings at shallow depth.
• The bulk of the resource is located in the first 150m from surface (87% of the tonnes and 91% of the ounces).
• There are several opportunities to add additional resources to the Fenelon Property by testing 1) the depth extensions of the ore shoot that originates in the resource area, 2) in-fill drilling on modelled exploration targets currently not included in the resource, 3) subparallel mineralized zones in the vicinity of the currently identified zones.

Resource Estimate
InnovExplo was retained by Wallbridge to prepare a resource estimate and an independent 43-101 report on the property. The resource estimate was prepared by Pierre-Luc Richard, P.Geo. and Catherine Jalbert, P.Geo. of InnovExplo, using all available information. The information used to prepare the estimate has been generated by previous operators and Wallbridge has not completed any work on the property to date.
The 2016 resource area measures 500 m along strike, 210 m wide and 280 m deep. The resource estimate is based on a compilation of historical and recent diamond drill holes and wireframed mineralized zones largely inspired by previous work and Wallbridge’s interpretation. The final model was constructed by InnovExplo.
Given the density of the processed data, the search ellipse criteria, the drill hole density, and the specific interpolation parameters, InnovExplo is of the opinion that the current mineral resource estimate can be classified as Measured, Indicated and Inferred resources. The estimate is compliant with CIM standards and guidelines for reporting mineral resources and reserves.
Table 1.1 below displays the results of the In Situ Mineral Resource Estimate for the Fenelon Project at the official 5.00 g/t Au cut-off grade.
Table 1.1 — Fenelon Project Mineral Resource Estimate at a 5.00 g/t Au cut-off grade