Wallbridge Mining Company Ltd T.WM

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Wallbridge Continues Successful Expansion and Definition of High-Grade Shoots in Tabasco and Area 51 at Fenelon
Toronto, Ontario – June 29, 2021 – Wallbridge Mining Company Limited (TSX:WM) ("Wallbridge" or the "Company") today announced additional assay results from its current drilling program on the Fenelon Gold Property ("Fenelon" or the "Property"). Expansion drilling continues to reveal additional bulk mineable, near-surface mineralized corridors in the western part of Area 51, while definition drilling continues to define steep, high metal factor (gold grade multiplied by thickness) gold shoots within the Tabasco-Cayenne Zones (see 181-, 134- and 086- shoots on Fig.1). 
Drilling is currently focusing on multiple areas, within the approximately 1.0 km by 1.2 km central portion of the Fenelon Gold System, to expand and better define the mineralization in support of the maiden mineral resource estimate ("MMRE"). Over 200,000 metres of drilling will be incorporated into the MMRE. 
Highlight results from these various areas, released today, include: 

• Area 51, Near Surface Expansion Drilling:  

23.70 g/t Au over 24.90 metres in FA-21-269 (see Figs. 2 and 3); 

• Tabasco-Cayenne-Contact Zone, Definition Drilling:  

6.83 g/t Au over 15.00 metresin FA-21-247 (see Figs. 1, 2 and 6), and 
6.61 g/t Au over 11.35 metresin FA-21-261 (see Figs. 1 and 2); 

• Area 51, Definition Drilling (near surface down to around 300 m vertical depth - potential open pit resource):   

1.97 g/t Au over 38.50 metres in FA-21-264A-W1 (see Figs. 2 and 5), and 
1.02 g/t Au over 33.70 metres in FA-21-247 (see Figs. 2 and 6); 
91.80 g/t Au over 0.50 metres in FA-21-248 (see Figs. 2 and 3); 

• Area 51, Definition Drilling (below 300 m depth):  

15.37 g/t Au over 3.25 metres in FA-21-257 (see Figs. 2 and 3); 
"The wide, near-surface intersections in Area 51, consistently yielding 1 to 2 g/t gold average grades, will be very important in building a robust, potentially bulk mineable resource in this part of the deposit. Higher grade intersections, like that intersected in hole FA-21-269, will enhance the larger Area 51 near-surface resource base," stated Marz Kord, President & CEO of Wallbridge.
Marz Kord further added: "The Tabasco intersections in holes FA-21-247 and FA-21-261 released today are important in confirming the presence and geometry of steep gold-rich shoots within the central 600 metre strike length of the Tabasco Zone which has seen the most drilling to date. The ongoing definition drilling and geological modelling has been increasing our understanding of this deposit, as we work towards our maiden resource. It is also revealing the controls on high-grade gold deposition in this gold system and will continue to drive our exploration as we further test the extensions of these zones."
Area 51 Expansion Drill Results
In recent months, drilling has also been focusing on expanding the known footprint of near-surface gold mineralization in the western-southwestern portion of Area 51 in order to grow the open pit resource potential.  
Today's results include: 

FA-21-269

23.70 g/t Au over 24.90 metres, including 3.79 g/t Au over 5.20 metres, and 196.29 g/t Au over 2.90 metres at a vertical depth of 70 metres (see Figs. 2 and 3);

Tabasco-Cayenne-Contact Zones, Definition Drill Results
Definition and expansion drilling at a nominal 75-metre drill spacing, targeting the Tabasco-Cayenne-Contact Zones over a strike length of approximately 800 metres and vertical depths between 300 and 1,000 metres has been the primary focus of this campaign (see Figs. 1 and 2) to better define the geometry and grade of the zones and gain information on the structural controls of the gold mineralization.  

FA-21-247	6.83 g/t Au over 15.00 metres, including  20.19 g/t Au over 4.10 metres in the Tabasco Zone (see Figs. 1, 2 and 6);
FA-21-261	6.61 g/t Au over 11.35 metres, including 18.09 g/t Au over 3.85 metres in the Tabasco Zone (see Figs. 1 and 2);

Area 51 Definition Drill Results
As our drill holes approach Tabasco-Cayenne, they also transect the Area 51 gold vein network, providing important information from all of these zones.  
Near surface highlights from Area 51 zones from the holes reported today include: 

FA-21-264A-W1	1.97 g/t Au over 38.50 metres, including 8.49 g/t Au over 4.45 metres at a vertical depth of 260-290 metres (see Figs. 2 and 5);
FA-21-247	1.02 g/t Au over 33.70 metres, which includes 5.31 g/t Au over 4.00 metres, and  1.26 g/t Au over 13.50 metres, included within a larger interval of 0.89 g/t Au over 59.00 metres at a vertical depth of 230-290 metres (see Figs. 2 and 6);
FA-21-248	91.80 g/t Au over 0.50 metres at a vertical depth of 150 metres (see Figs. 2 and 3); Note: Further assays near this interval pending.

Highlight intersections of Area 51 zones from below 300 m vertical depth reported today include: 

FA-21-257

15.37 g/t Au over 3.25 metres (see Figs. 2 and 3);

In-fill Sampling Program Results
A systematic campaign of continuous in-fill sampling of historic drill holes down to a vertical depth of 250 metres is underway in order to collect further information for the open pit constrained portion of the MMRE.  
Assay results from the historic drilling in-fill sampling program are highlighted by: 

FAB-11-35

2.66 g/t Au over 5.55 metres in the Cayenne Zone (see Fig. 1); Note: This composite includes historically sampled, as well as new assay results.

2020-2021 Drilling Program Update
In 2021, the Company is planning to complete approximately 170,000 metres of drilling, approximately 10-15% of which will be devoted to regional exploration on the Company's district-scale, underexplored land package on the Detour-Fenelon Gold Trend.  
Assay results of 23 drill holes of the 2021 exploration drill program and one historic drill hole are reported in the Table and Figures below. All figures and a table with drill hole information of recently completed holes are posted on the Company's website under "Current Program" at https://www.wallbridgemining.com/s/fenelon.asp. 

Figure 1. Fenelon Gold, Tabasco-Cayenne-Gabbro Zones Long Section

Figure 2. Fenelon Gold, Plan View

Figure 3. Fenelon Gold, Cross Section 9750_E

Figure 4. Fenelon Gold, Cross Section 9900_E

Figure 5. Fenelon Gold, Cross Section 9975_E

Figure 6. Fenelon Gold, Cross Section 10125_E

Table 1. Wallbridge Fenelon Gold Property, Recent Drill Assay Highlights (1)
Drill Hole	From (m)	To (m)	Length (m)	Au (g/t)	Au Cut (g/t)(2)	VG(3)	Zone/ Corridor	Section
FAB-11-35*	55.45	61.00	5.55	2.66	2.66		Cayenne	10500
Including…	60.00	61.00	1.00	6.30	6.30		Cayenne	10500
FA-21-221-W4	513.50	520.95	7.45	2.59	2.59	VG	Area 51- Laika	10125
Including…	520.10	520.95	0.85	20.13	20.13	VG	Area 51- Laika	10125
FA-21-221-W4	553.15	553.80	0.65	22.76	22.76	VG	Area 51- Laika	10125
FA-21-221-W4	563.20	564.20	1.00	6.11	6.11	VG	Area 51- Laika	10125
FA-21-221-W4	583.85	584.45	0.60	60.23	50.00	VG	Area 51- Laika	10125
FA-21-223A	454.20	461.00	6.80	1.02	1.02		Area 51- Andromeda	10200
FA-21-223A	502.55	506.60	4.05	2.85	2.85		Area 51- Andromeda	10200
Including…	502.55	503.15	0.60	11.20	11.20		Area 51- Andromeda	10200
FA-21-223A	565.00	566.00	1.00	12.70	12.70		Area 51- Andromeda	10200
FA-21-223A	603.50	604.00	0.50	10.30	10.30	VG	Area 51- Andromeda	10250
FA-21-223A*	651.80	683.30	31.50	2.39	2.39	VG	Area 51- Andromeda	10250
Including…	680.00	681.00	1.00	9.01	9.01		Area 51- Andromeda	10250
FA-21-223A	878.25	880.00	1.75	11.89	11.89	VG	Area 51- Interstellar	10350
FA-21-224	545.50	549.00	3.50	1.97	1.97	VG	Area 51- Titan	10350
FA-21-224	651.70	654.50	2.80	2.76	2.76	VG	Area 51- Andromeda	10350
FA-21-230-W1-W2	731.00	734.80	3.80	3.61	3.61		Area 51- Milky Way	9975
FA-21-230-W1-W2	743.50	774.55	31.05	2.23	2.23	VG	Area 51- MIB and Contact Zone	9975
Including…	771.45	774.55	3.10	7.24	7.24	VG	Area 51- MIB and Contact Zone	9975
FA-21-230-W1-W2	890.85	896.50	5.65	7.28	7.28	VG	Tabasco	9900
Including…	890.85	892.50	1.65	19.65	19.65	VG	Tabasco	9900
FA-21-232A	178.50	180.00	1.50	5.36	5.36		Area 51- Hubble	9750
FA-21-232A	265.50	285.00	19.50	0.77	0.77		Area 51- Orion	9750
Including…	267.00	270.70	3.70	2.39	2.39		Area 51- Orion	9750
FA-21-235	199.50	201.00	1.50	5.36	5.36		Area 51- Laika	9750
FA-21-236	No Significant Mineralization (4)							9750
FA-21-238	342.45	343.70	1.25	13.55	13.55		Area 51- Orion	9975.00
FA-21-242	199.60	201.85	2.25	2.61	2.61		Area 51- Orion	9750
FA-21-245	No Significant Mineralization (4)							9675
FA-21-247	269.00	328.00	59.00	0.89	0.89	VG	Area 51- Laika to Enterprise	10125
Including…	269.00	302.70	33.70	1.02	1.02	VG	Area 51- Laika and Andromeda	10125
Which Includes…	298.70	302.70	4.00	5.31	5.31	VG	Area 51- Andromeda	10125
And…	314.50	328.00	13.50	1.26	1.26	VG	Area 51- Andromeda	10125
FA-21-247	449.10	450.75	1.65	10.49	10.49	VG	Area 51- Enterprise	10125
FA-21-247	497.00	500.50	3.50	2.32	2.32		Area 51- Enterprise	10125
FA-21-247	644.50	659.50	15.00	6.83	6.83	VG	Tabasco	10125
Including…	653.50	657.60	4.10	20.19	20.19	VG	Tabasco	10125
FA-21-247	716.00	718.00	2.00	3.60	3.60		Tabasco	10050
FA-21-248	177.15	177.65	0.50	91.80	50.00	VG	Area 51- Orion	9750
FA-21-249	178.00	178.65	0.65	11.50	11.50		Area 51- Enterprise	9675
FA-21-249	648.00	649.50	1.50	3.95	3.95		Tabasco	9675
FA-21-250	89.00	90.50	1.50	9.34	9.34	VG	Area 51- Orion	9900
FA-21-250	1031.50	1034.00	2.50	3.01	3.01		Contact Zone	9825
FA-21-257	158.80	159.40	0.60	20.78	20.78	VG	Area 51- Laika	9750
FA-21-257	187.00	187.60	0.60	9.28	9.28	VG	Area 51- Andromeda	9750
FA-21-257	241.00	242.50	1.50	4.38	4.38		Area 51- Andromeda & Interstellar	9750
FA-21-257	341.70	342.50	0.80	12.30	12.30		Area 51- Interstellar	9750
FA-21-257	535.00	547.00	12.00	1.11	1.11		Area 51- Enterprise	9750
Including…	546.00	547.00	1.00	10.03	10.03		Area 51- Enterprise	9750
FA-21-257	633.75	637.00	3.25	15.37	15.37	VG	Area 51- Milky Way & MIB	9750
FA-21-257	658.00	659.00	1.00	6.66	6.66		Area 51- Milky Way & MIB	9750
FA-21-257	797.80	799.55	1.75	3.71	3.71		Tabasco	9750
FA-21-260	102.15	105.15	3.00	2.97	2.97		Contact Zone	10125
Including…	103.00	103.90	0.90	8.39	8.39		Contact Zone	10125
FA-21-261	984.15	995.50	11.35	6.61	6.61	VG	Contact Zone	10200
Including…	984.15	988.00	3.85	18.09	18.09	VG	Contact Zone	10200
FA-21-264A-W1	314.70	353.20	38.50	1.97	1.77	VG	Area 51- Interstellar	9975
Including…	314.70	319.15	4.45	8.49	8.48	VG	Area 51- Interstellar	9975
And…	352.70	353.20	0.50	64.81	50.00	VG	Area 51- Interstellar	9975
FA-21-265	85.10	92.30	7.20	1.52	1.52	VG	Area 51- Laika	9750
Including…	91.80	92.30	0.50	16.89	16.89	VG	Area 51- Laika	9750
FA-21-265	187.40	232.40	45.00	0.82	0.82		Area 51- Andromeda	9750
Including…	187.40	192.85	5.45	1.83	1.83		Area 51- Andromeda	9750
And…	230.40	232.40	2.00	6.19	6.19		Area 51- Andromeda	9675
FA-21-269	61.00	87.30	24.90	23.70	2.97	VG	Area 51- Andromeda	9750
Including…	62.40	67.60	5.20	3.79	3.79	VG	Area 51- Andromeda	9750
And…	84.40	87.30	2.90	196.29	18.36	VG	Area 51- Andromeda	9750
Which Includes…	86.70	87.30	0.60	910.00	50.00	VG	Area 51- Andromeda	9750
FA-21-271	59.70	60.20	0.50	14.41	14.41	VG	Area 51- Andromeda	9675

⁽¹⁾ Table includes only assay results received since the latest press release dated June 2, 2021.
⁽²⁾ Au cut at: 100 g/t Au for the Tabasco/Contact zones; 60 g/t Au for the Cayenne zones; 50 g/t Au for the Area 51 zones.
⁽³⁾ Intervals containing visible gold ("VG").
⁽⁴⁾  Metal factor of at least 5 g/t*m and minimum weighted average composite grade of 1 g/t Au
* Results reported here contain previously announced intervals that were extended with new assay results
Note: True widths are estimated to be 5080% of the reported core length intervals.
Assay QA/QC and Qualified Persons
Drill core samples from the ongoing 2021 drill program at Fenelon are cut and bagged either on site or by contractors and transported to SGS Canada Inc., AGAT Laboratories Ltd. or Bureau Veritas Commodities Canada Ltd. for analysis. In 2020 samples were submitted to either SGS Canada Inc. or ALS Canada Ltd. for analysis. Samples, along with standards and blanks that are included for quality assurance and quality control, were prepared and analyzed at the laboratories. Samples are crushed to 90% less than 2mm. A 1kg riffle split is pulverized to 85% passing 75 microns. 50g samples are analyzed by fire assay and AAS. At SGS, AGAT and Bureau Veritas samples > 10g/t Au are automatically analyzed by fire assay with gravimetric finish or screen metallic analysis. To test for coarse free gold and for additional quality assurance and quality control, Wallbridge requests screen metallic analysis for samples containing visible gold. These and future assay results may vary from time to time due to reanalysis for quality assurance and quality control. 
The Qualified Person responsible for the technical content of this press release is Peter Lauder, P.Geo, Exploration Manager of Wallbridge.  
About Wallbridge Mining
Wallbridge is currently advancing the exploration and development of its 100%owned Fenelon Gold property which is located along the DetourFenelon Gold Trend, an emerging gold belt in northwestern Qubec. The Company completed approximately 102,000 metres of drilling in 2020 and has begun a fullyfunded 2021 program of approximately 170,000 metres of drilling and 2,500 metres of underground exploration development (Phase 1 of a 10,000metre program). The Company intends to complete a maiden mineral resource on the Fenelon Gold System in the third quarter of 2021. 
Wallbridge now holds several kilometres surrounding its rapidly expanding Fenelon discovery providing room for growth, as well as future mine development flexibility. Wallbridge's land holdings in Qubec along the DetourFenelon Gold Trend are over 900.0 km², improving Wallbridge's potential for further discoveries for over 90kilometre strike length in this underexplored belt. 
Wallbridge is also the operator of, and a 17.8% shareholder in, Lonmin Canada Inc., a privatelyheld company with a portfolio of nickel, copper, and platinumgroup metals (PGM) projects in Ontario's Sudbury Basin. 
This news release has been authorized by the undersigned on behalf of Wallbridge Mining Company Limited. 
For further information please visit the Company's website at www.wallbridgemining.com or contact:  
Wallbridge Mining Company Limited
Marz Kord, P. Eng., M. Sc., MBA 
President & CEO 
Tel: [phone] ext. 251
Email: [e-mail]  
Victoria Vargas, B.Sc. (Hon.) Economics, MBA
Investor Relations Advisor 
Email: [e-mail] 
This press release may contain certain "forwardlooking statements" within the meaning of applicable Canadian securities legislation relating to, among other things, the operations of Wallbridge Mining Company Limited ("Wallbridge" or "Company") and the environment within which it operates. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future plans and objectives of Wallbridge, future opportunities and anticipated goals, the Company's portfolio, treasury, management team, timetable to mineral resource estimation, permitting and the prospective mineralization of the properties, are forwardlooking statements that involve various risks, assumptions, estimates and uncertainties. Generally, forwardlooking information can be identified by the use of forwardlooking terminology 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". There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
By their nature, forwardlooking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predicted outcomes could differ materially from those contained in such statements. These risks and uncertainties include, but are not limited to, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other required approval, the actual results of current exploration activities, fluctuations in prices of commodities, fluctuations in currency markets, actual results of additional exploration and development activities at the Company's projects, capital expenditures, the availability of any additional capital required to advance projects, accidents, or pandemic interruptions. 
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forwardlooking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These statements reflect the current internal projections, expectations or beliefs of the Company and are based on information currently available to the Company.
The Company does not undertake to update any forwardlooking information, except in accordance with applicable securities laws. The Company believes that the expectations reflected in those forwardlooking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forwardlooking statements included in this press release should not be unduly relied upon by investors as actual results may vary.
Risks and uncertainties about Wallbridge's business are more fully discussed in the disclosure material filed with the securities regulatory authorities in Canada and available on SEDAR under the Company's profile at www.sedar.com. Readers are urged to read these materials and should not place undue reliance on the forwardlooking statements contained in this press release.
Covid19  Given the rapidly evolving nature of the Coronavirus (COVID19) pandemic, Wallbridge is actively monitoring the situation in order to continue to maintain as best as possible the activities while striving to protect the health of its personnel. Wallbridge' activities will continue to align with the guidance provided by local, provincial and federal authorities in Canada. The Company has established measures to continue normal activities while protecting the health of its employees and stakeholders. Depending on the evolution of the virus, measures may affect the regular operations of Wallbridge and the participation of staff members in events inside or outside Canada.