Wallbridge Mining Company Ltd T.WM

Wallbridge Mining Confirms Presence of Mineralizat

[RedMars]

Wallbridge Mining Confirms Presence of Mineralization at Roger's Creek

TORONTO, Jul 8, 2008 (Canada NewsWire via COMTEX News Network) --

Wallbridge Mining Company Limited (TSX:WM; FWB: WC7) today announced that initial sampling on its Roger's Creek Property in British Columbia had confirmed the presence of gold-silver-copper mineralization in what appears to be a porphyry copper-molybdenum-gold setting. Values in grab samples of vein material from within several areas of anomalous soil samples defined by preliminary work late last fall (see Wallbridge press release March 3, 2008) include 23 grams per tonne gold, 136 grams per tonne silver and 5610 ppm copper in one sample, and 6.45 grams of gold, 232 grams silver and 6470 ppm copper in a second.

Commenting on these early results, Alar Soever, President of Wallbridge stated, "While it is important to remember that these are results from a very few selected grab samples of mineralization, it is very encouraging to be able to find this kind of gold-silver-copper mineralization associated with what appears to be a large alteration package within a completely unexplored intrusion".

Currently, stream sediment sampling, mapping and prospecting are underway to determine the limits of the mineralization. A 1,434 line-kilometre airborne magnetic and VLF survey is underway and anticipated to be finished before the end of July. Eight of 16 rock samples returned anomalous gold values.

The samples also contain anomalous levels of silver, copper and molybdenum. A complete table of analytical results is shown below.


<<
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Sample Sample RockType Field Desc Gold Ag Copper Moly Lead Zinc Sulpher
ID Type g/t ppm ppm ppm ppm ppm %
-------------------------------------------------------------------------
6401 Grab Granod- Trace 0.009 0.8 20 3.02 29 111 0.96
iorite dissemin-
ated
pyrite
-------------------------------------------------------------------------
6402 Grab Breccia Strongly 0.171 11.5 78 17.40 147 42 0.05
argillic
altered
breccia
unit
-------------------------------------------------------------------------
6403 Grab Granod- Weak- 0.002 0.2 38 0.54 15 53 less
iorite moderate than
propylitic 0.01
alteration
-------------------------------------------------------------------------
6404 Grab Granod- Weak 0.003 0.2 51 0.66 11 38 0.01
iorite propylytic
alteration
-------------------------------------------------------------------------
6405 Grab Granod- Gossanous 0.018 0.4 86 75.90 23 51 5.56
iorite subcrop
-------------------------------------------------------------------------
6406 Grab Granod- Goss- 0.057 0.2 6 6.99 15 35 0.83
iorite anous;
abundant
pyrite
-------------------------------------------------------------------------
6407 Grab Granod- Propy- 0.006 0.3 59 1.59 24 60 0.01
iorite litic
alteration,
magnetite
along
joints
-------------------------------------------------------------------------
6408 Grab Granod- Gossanous 0.003 5.2 122 3.29 128 230 0.04
iorite subcrop;
malachite
staining
-------------------------------------------------------------------------
6409 Grab Granod- Trace 0.008 1.9 20 0.78 212 238 1.54
iorite dissem-
inated
pyrite
-------------------------------------------------------------------------
6410 Grab Granod- Trace 0.002 1.7 30 1.11 85 234 0.73
iorite dissem-
inated
pyrite
-------------------------------------------------------------------------
6411 Grab Granod- Breccia
iorite unit
with 0.030 77.1 1100 5.39 2220 816 0.52
malachite
staining
-------------------------------------------------------------------------
6412 Grab Granod- Trace 0.003 5.3 98 0.42 166 503 0.50
iorite dissem-
inated
pyrite
-------------------------------------------------------------------------
6413 Grab Granod- Malachite 0.230 37.9 2630 100.00 2210 1565 0.84
iorite -filled
joints
-------------------------------------------------------------------------
-------------------------------------------------------------------------
6414 Grab Granod- Pyrite- 6.460 232.0 6470 24.30 1120 700 great-
iorite chalcopy- er
rite- than
quartz 10.0
vein
-------------------------------------------------------------------------
6415 Grab Granod- Chal- 23.100 136.0 5610 15.80 1450 444 4.01
iorite copy-
rite-
pyrite-
quartz
vein
-------------------------------------------------------------------------
6416 Grab Granod- Minor 0.027 2.0 560 2.56 99 845 0.06
iorite malachite,
traces
chalcopyrite
-------------------------------------------------------------------------
>>

Samples were processed at ALS Chemex Laboratory in Vancouver, BC. Samples were analyzed for Au by standard lead collection fire assay fusion followed by a combination of inductively coupled plasma mass spectrometry (ICP-MS) and atomic emission spectrometry (ICP-AES). Samples are also analyzed for 47 base metals and trace elements using a four acid (HNO3-HCIO4-HF and HCI) near total digestion and a combination of ICP-MS and ICP-AES. ICP overlimits are re-analyzed using sodium peroxide fusion acid dissolution followed by ICP-AES.

The Qualified Person responsible for the technical content of this press release is Bruce Jago, PhD. P.Geo, Vice-President, Exploration of Wallbridge Mining Company Limited.

About Wallbridge Mining

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 has volcanic-hosted copper-zinc and gold properties in Ontario and a large porphyry copper-molybdenum-gold property in south-western British Columbia.

This document may contain forward-looking statements relating to Wallbridge's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Wallbridge's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filings. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Wallbridge disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

%SEDAR: 00010252E

SOURCE: Wallbridge Mining Company Limited

Please visit the Company's website at www.wallbridgemining.com, or contact: Wallbridge Mining Company Limited: Alar Soever, President, Tel: [phone], Email: [e-mail]; Mara Strazdins, Vice-President, Investor Relations, Tel: [phone] ext 222, Email: [e-mail]
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