Wallbridge Mining Discovers Porphyry Gold-Copper Mineralization on BC Property

    TORONTO, Sept. 12 /CNW/ - Wallbridge Mining Company Limited (TSX: WM,
FWB: WC7) has discovered mineralization within three target areas on their
Rogers Creek copper-gold-molybdenum property, in south-western British
Columbia approximately 40 kilometres south of Pemberton. The first two targets
are defined within a 6 by 2 kilometre area of alteration and gold-copper
mineralization with samples in quartz-sulphide veins returning up to
23.1 grams per tonne gold and 232 grams per tonne silver. The third target is
defined by silt samples returning highly anomalous gold and silver values up
to 2.3 grams per tonne gold and 436 ppb silver. The style of mineralization
and alteration is consistent with a porphyry copper-gold-molybdenum system. A
map can be viewed under Press Releases on our website <a href="http://www.wallbridgemining.com">www.wallbridgemining.com</a>
    The Rogers Creek property was acquired in February 2008 from a local
prospector (see press release dated March 3, 2008). It comprises 93 claims
covering 420 square kilometres of favourable geology. The summer 2008 work
program consisted of 1434.6 line kilometres of high resolution
helicopter-borne magnetic and VLF surveying, silt (149), soil (307) and rock
(446) sampling, and mapping and prospecting. The property is located in an
easily accessible area with excellent infrastructure including a major power
line along the western edge of the property.

    Targets 1 and 2

    Airborne magnetic surveying and soil, silt and rock samples anomalous in
copper, gold and silver have defined two large zones of alteration and
associated gold-copper mineralization within a 6 kilometre by 2 kilometre
area. Both these zones are centred on two circular to elongate magnetic lows
about 2 kilometres in diameter, which closely correspond to outcrops of highly
altered, intrusive breccias. Anomalous silt samples in streams draining
Targets 1 and 2 contain up to 800 ppb gold, 835 ppb silver and 73 ppm copper
versus background values of approximately 2.5 ppb gold, 20 ppb silver and 15
ppm copper. Quartz-sulphide veins contain gold and silver values up to 23.1
gram per tonne gold, 232 grams per tonne silver, 0.69% copper and 81.4 ppm
molybdenum. The style and distribution of alteration and mineralization
associated with Targets 1 and 2 are consistent with a porphyry
copper-gold-molybdenum environment.

    Target 3

    Target 3 is located approximately 4 kilometres to the southwest of
Target 2. It was defined by stream sediment samples containing highly
anomalous values in gold and silver, quartz-pyrite stockworks exposed along
road cuts, and talus boulders of a highly clay-altered intrusive breccia.
Anomalous silt samples in streams draining Target 3 contain up to 2.3 grams
per tonne gold and 436 ppb silver versus background values of 2.5 ppb gold and
20 ppb silver. Limited rock sampling returned values up to 0.4 g/t gold and
436 ppm copper. Target 3 appears to represent a moderate to high level
epithermal vein system consistent with the porphyry copper-gold-molybdenum
environment at Targets 1 and 2.
    A 38 line-kilometre IP survey is planned for October with line cutting to
begin by mid-September. The timing of the IP survey will coincide with a
second stage of mapping and prospecting and be followed by a limited program
of diamond drilling if weather permits.
    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) 710-0646,
Email: mstrazdins@wallbridgemining.com

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