Goldbridge Mining Ltd. reports on re-filing of financials and MD&A

    VANCOUVER, Jan. 21 /CNW/ - Goldbridge Mining Ltd. (the "Corporation" or
"Goldbridge") wishes to advise that as a result of a review of the British
Columbia Securities Commission ("BCSC"), the Corporation is issuing the
following press release to clarify its disclosure.
    By letter of December 31, 2008, the BCSC advised the Corporation that it
has completed a review of the Corporation's interim financial statements and
interim management's discussion and analysis ("MD&A") for the periods ended
July 31, 2008 and October 31, 2008 (the "Interim Filings") and provided us
with certain comments in respect of our Interim Filings.
    The Corporation coordinated with the BCSC to resolve all outstanding
comments and has filed the following amendments, which documents are available
on the System for Electronic Disclosure and Retrieval at

    1.  Amended and restated Interim Financial Statements for the three
        months ended July 31, 2008;

    2.  Amended and restated MD&A for the three months ended July 31, 2008;

    3.  Amended and restated Interim Financial Statements for the six months
        ended October 31, 2008; and

    4.  Amended and restated MD&A for the six months ended October 31, 2008.

    The financial statements have been revised to reflect minor adjustments
to the financial information contained in the financial statements and to add
certain disclosure necessary to address requirements of the CICA Handbook in
respect of Section 1751 - Interim Financial Statements, and disclosure
required by part 4.3 of National Instrument 51-102 - Continuous Disclosure
Obligations ("NI 51-102").
    With respect to the MD&A's, the amendment and the restatement of the MD&A
for each of the applicable periods involves revisions necessary to more
properly address the requirements of NI 51-102 and Form 51-102F1. In
particular, the MD&A's have been revised to provide expanded discussions with
respect to Goldbridge's exploration property - the Little Gem Property,
summaries of selected financial information and of quarterly results, results
of operations, accounting policies, the capital structure of the Corporation
and required disclosure with respect to forward looking statements.

    On behalf of the Board of Directors of

    Goldbridge Mining Ltd.

    "Allan J. Beaton"
    Chief Executive Officer, President and Director

For further information:

For further information: Allan J. Beaton, Chief Executive Officer,
President and Director, T: (604) 668-5851, F: (604) 668-5852

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