Wallbridge Mining Continues $5.3 M Exploration Program in Sudbury

    TORONTO, Aug. 13 /CNW/ - Wallbridge Mining Company Limited (TSX:WM;
FWB: WC7) today updated the Company's exploration progress on its Sudbury area
properties. Wallbridge's aggressive $5.3 million summer 2007 exploration
program is well underway with eight mapping crews in the field. Titan-24
geophysical surveys have been completed on four properties and drill testing
of targets has begun. The Company is targeting copper, nickel and platinum
group element ("PGE") mineralization in the Sudbury Basin, host to the world's
largest nickel mining camp. A total of approximately 9,000 metres of drilling
is planned in the Sudbury area before year end.

    Frost Lake, Skynner Lake, Trill and Hess Properties

    A 4,800 metre drill program is underway on Frost Lake which is a high
priority drill target as the property is located directly adjacent to the
Capre 3000 copper-nickel PGE discovery announced by Lonmin Plc/CVRD Inco in
January 2007. Drilling will commence by month's end on the Skynner Lake
property, once targets have been prioritized.
    A total of some 90 kilometres of Titan-24 surveying has been completed on
the Frost Lake, Skynner Lake, Trill and Hess properties. Titan-24 is a deep
penetrating IP/MT survey, which is capable of detecting sulphide
mineralization at greater depths than conventional IP surveys. A number of
targets were delineated on the Frost Lake and Skynner Lake properties. Final,
interpreted results for the Titan-24 survey completed on the Trill and Hess
properties are expected by month's end at which time drill targets will be
selected for fall 2007 drilling. Contracts have been signed for two additional
drills to begin testing targets on these, as well as other properties.

    Foy and North Range Properties

    Mapping and geochemical sampling on the Foy property has discovered
mineralized outcrops coincident with an IP chargeability anomaly over mafic
and felsic gneisses in the south-central portion of the property. MMI soil
sampling has delineated a modest contrast Cu-Pd-Au anomaly that overlaps with
the IP anomaly and is within an area that returned two bedrock samples
anomalous in Cu, Pt, Pd, and Au.
    Exploration on Wallbridge's earlier stage North Range properties has been
accelerated in response to the private placement funding agreement with Lonmin
Plc ("Lonmin") announced June 6, 2007. Under this agreement $3.9 million is
earmarked for exploration of these properties over approximately the next
30 months.

    Crowflight, Wisner and Creighton South Properties

    During the early part of the summer, drill programs were completed on the
Crowflight and Wisner properties.
    Drill testing of airborne conductors on the Crowflight JV Project
intersected minor zinc mineralization at one of the 10 targets tested. The
summer mapping program is focused on exploring east/west trending structures
that may host the eastward strike extension of the Hess offset dyke and
locating potentially mineralized zones of Sudbury Breccia.
    Two holes were drilled in the Southwest Area of the Wisner Property to
test a moderate depth Titan-24 IP anomaly, which is spatially associated with
copper-nickel-PGE mineralization exposed by trenching, and intersected in
drilling last year (see Press Release dated May 30, 2006). Minor
mineralization was intersected in quartz-epidote-amphibole veinlets and as
disseminations within felsic and mafic gneiss and irregular zones of Sudbury
Breccia. Sudbury Breccia in both drill holes was enriched in pathfinder
elements typical of Sudbury Breccia associated with footwall mineralization
elsewhere in the Sudbury Basin.
    Titan-24 IP anomalies were drill-tested by two holes on the Creighton
South property. Both holes intersected weakly disseminated and
fracture-controlled quartz-chalcopyrite mineralization in mafic metavolcanics,
metasediments and Sudbury Breccia. These results are being interpreted in
relation to the on-going mapping program being conducted in the same area,
which has extended previously recognised east/west trending zones of Sudbury
Breccia, northward towards the Creighton embayment. The Creighton embayment
hosts CVRD Inco's Creighton Mine, which has been in production for greater
than 100 years.
    The Frost Lake property is part of a 50/50 joint venture with Xstrata
Nickel. The Trill, Skynner Lake, Foy and Creighton South properties comprise
part of the Sudbury Camp Joint Venture ("SCJV") with Lonmin which earns a 50%
interest in any property on which a resource is established and can increase
its interest to 65% by taking that property through feasibility and funding
work through to commercial production. The Hess property is a joint venture
with Champion Bear Resources.
    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 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. Lonmin Plc is a
shareholder of Wallbridge and will hold approximately 18% of the fully diluted
share capital of Wallbridge if it exercises all of the warrants granted
pursuant to the private placement.
    Lonmin Plc is incorporated in England and Wales and registered as company
number 103002. Registered office: 4 Grosvenor Place, London, SW1X 7YL, United

    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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