Wallbridge Mining Company Limited - Rogers Creek Property

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Rogers Creek Location Map
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Rogers Creek Map
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Rogers Creek Property Target Map
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The Rogers Creek property came to Wallbridge's attention in the fall of 2007. A due-diligence program of geological reconnaissance and soil and rock sampling revealed a geologic environment similar to that which hosts a number of world-class porphyry copper-gold deposits in other areas around the Pacific
Rim. As a result, although this property is outside Wallbridge's Sudbury focus, Wallbridge entered into an option agreement with the property owner.

Wallbridge recently spun out a new company, Miocene Metals Limited, which was created to acquire all of Wallbridge's BC porphyry copper-gold-molybdenum (Cu-Au-Mo) properties. The BC property portfolio includes the Rogers Creek property plus six other recently acquired properties in Southwestern BC over a newly recognized belt of Miocene-age intrusive rocks which are highly prospective for Cu-Au-Mo mineralization.

The Rogers Creek property is located in southwestern British Columbia, about 40 km south of Pemberton and a 3 hour drive from Vancouver. It is located in an easily accessible area with excellent infrastructure including a major power line along the western edge of the property. The property consists of 95
claims covering 427.3 km2 of ground favourable to host a porphyry-style copper-gold deposit. Porphyry deposits are being mined for copper, molybdenum, gold and silver all along the Pacific coast of North, Central and South America. The
deposits can be extremely large, with resources often exceeding billions of tonnes. They are the principal source of copper and molybdenum in the world and often contain very large resources of gold and silver.

The Rogers Creek property was explored by the collection of soil (307 samples), rock (446 samples) and stream sediment (149 samples) samples and extensive outcrop mapping, all principally concentrated in the northern half of the property. Exploration was guided by a 1,434.4 line km helicopter-borne magnetic and VLF survey. At the end of the 2008 exploration season, 40 km of line were cut within the Rogers Creek valley in preparation for a spring 2009 deep penetrating IP program to focus drilling. Exploration work to date has identified three principal target areas for gold, molybdenum and copper mineralization.

Wallbridge's property position encompasses previously defined Targets 1, 2 and 3 as well as the new Target 4 area as outlined below:

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 km by 2 km area. Both these zones are centred on two circular to elongate magnetic lows about 2 km in diameter, which closely correspond to outcrops of highly altered, intrusive
breccias. Streams draining Targets 1 and 2 returned silt samples containing 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 grams 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 environment.

Target 3
Target 3 is located approximately 4 km 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 broken surface outcrops of highly clay-altered and oxidized intrusive breccia spread over an area approximately 300 m in diameter. 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 centred on a high-level breccia pipe consistent with the porphyry copper-gold environment at Targets 1 and 2.

New 2009 Discovery - Target 4:

Target 4 includes two new showings enriched in copper, gold and molybdenum close to the contact of the Rogers Creek granodiorite with older metasedimentary and metavolcanic rocks.

Grab samples collected at the new showings and within the area of anomalous soil samples returned values up to 1.2 g/t Au, 75 g/t Ag, 0.34% Cu and 241 ppm Mo.

A first phase, 160 sample soil survey was completed over the two showings and the contact area with samples collected on a 700 by 900 metre grid in late August. Soil samples results ranged up to 80 ppb Au, 1.04 ppm Ag, 270 ppm Cu and 22 ppm Mo.

Wallbridge's 2009-2010 drill program on the Rogers Creek property will test targets based on the integration of IP, surface mapping and geochemical survey results.

Bruce Jago, PhD. P.Geo, Vice-President, Exploration of Wallbridge Mining Company Limited, is the Qualified Person responsible for the Rogers Creek Project.