Wallbridge Mining and Lonmin Approve $1.5 million for 2009 Sudbury Camp Joint Venture Exploration Program

Wallbridge Mining Company Limited announced that Wallbridge and its joint venture partner major platinum producer Lonmin Plc, have approved C$1.5 million of funding to carry out the 2009 work program on the Wallbridge/Lonmin Sudbury Camp Joint Venture (”SCJV”) properties. The funding provides for approximately 3,700 metres of diamond drilling and other exploration work for the period from October 1st, 2008 to September 30th, 2009.

“We are very pleased that Lonmin is again participating in our exploration efforts in Sudbury”, stated Alar Soever, President of Wallbridge. “This will allow us to further advance these properties, in spite of the current difficult economic environment.”

Wallbridge and Lonmin formed the SCJV in January 2002 to explore a number of properties in the Sudbury area for platinum group metals, as well as copper and nickel. The 2008 Exploration Program is focused on target areas on the Skynner Lake, Trill, Foy, and Cascaden properties which have geophysical targets coincident with favourable geology. Lonmin and Wallbridge will both contribute funds to the exploration program, with Lonmin contributing C$1.1 million, and Wallbridge contributing C$0.4 million.

Wallbridge Mining Company Limited primarily explores for and develops nickel, copper and platinum group element (”PGE”) deposits. The Company’s principal properties are located in the Sudbury Basin in Ontario. The Sudbury area hosts the world’s largest concentration of nickel deposits and is currently the most active mining camp in North America. Wallbridge also has a major shareholding in Duluth Metals Limited, which has a significant property position in the rapidly emerging Duluth Complex base metal camp in Minnesota. Wallbridge is also exploring a large porphyry copper-gold-molybdenum property in south-western British Columbia.