Wallbridge Mining Confirms Presence of Mineralization at Roger's Creek



    TORONTO, July 8 /CNW/ - 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.

    
    -------------------------------------------------------------------------
    Sample Sample RockType Field Desc Gold  Ag Copper Moly  Lead Zinc Sulphur
    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.





For further information:

For further information: Please visit the Company's website at
www.wallbridgemining.com, or contact: Wallbridge Mining Company Limited: Alar
Soever, President, Tel: (705) 682-9297, Email: asoever@wallbridgemining.com;
Mara Strazdins, Vice-President, Investor Relations, Tel: (416) 369-1500 ext
222, Email: mstrazdins@wallbridgemining.com


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