Wallbridge Mining Initiates Drilling on Parkin Offset Dyke



    TORONTO, Sept. 22 /CNW/ - Wallbridge Mining Company Limited (TSX:WM; FWB:
WC7) today announced that its $5 million joint venture with Impala Platinum
Holdings Limited ("Impala") has received the necessary South African Reserve
Bank approvals and drilling has been initiated on the Parkin Offset Dyke
Properties in Sudbury, Ontario.
    Drilling has been started with two drills, and a total of over 8,000
metres of diamond drilling is planned between now and March 2009. The drilling
will test for down plunge extensions of both the past producing Milnet Mine
and mineralization previously defined by Wallbridge on its Parkin Property, as
well as targets on Wallbridge's newly acquired Champion Bear Resources Joint
Venture.
    Under terms of the joint venture Impala will spend $5M over three years
to earn a 50% interest in the properties. Impala can then increase its
interest to 65% by funding a Feasibility Study and securing Wallbridge's
portion of the development funding through to commercial production on a
project loan basis.
    Commenting on the joint venture Alar Soever, President of Wallbridge
stated, "It is our portfolio of high quality properties and joint ventures
with strong partners like Impala that allow us to maintain a high level of
activity in spite of the current investment climate."
    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's primary focus is the exploration of
nickel, copper and platinum group element ("PGE") deposits in the Sudbury area
of Ontario. The Sudbury area hosts the world's largest concentration of nickel
deposits and is currently the most active mining camp in North America. Major
joint venture partners in Sudbury include Vale Inco, Xstrata Nickel, Lonmin
Plc and Impala Platinum Holdings Limited. Wallbridge also has a major
shareholding in Duluth Metals Limited, which has defined a large
copper-nickel-PGE resource 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 and has
interests in copper-zinc and gold properties in northeastern Ontario.

    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




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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