Press ReleasesJune 07, 2006
Duluth Metals Appoints CEO and Independent Director
Toronto, Ontario -- June 7, 2006 -- Wallbridge Mining Company Limited (TSX:WM) today announced that Duluth Metals Limited ("DML"), (formerly Wallbridge America Limited), the private company formed to finance exploration of the Maturi Extension Property in Minnesota has added additional senior management to its operations and Board. The Board of Duluth Metals has named Dr. Henry J. Sandri to serve as the company's President and Chief Executive Officer and Mr. Barry D. Simmons as an independent director.
Dr. Sandri is a mineral economist with over 30 years experience in project and operational management, strategic planning and business development in the minerals industries. He has worldwide experience in base and precious metals, and industrial minerals, and has worked on the financing, development and operation of copper & nickel projects in North & South America, Asia, Africa and Oceania. He has held management positions in planning, business development and operations with Burlington Northern Inc., Inco Ltd., Behre Dolbear & Company, K&M Engineering and Select Resources Corporation. His early career included positions at The World Bank, The American Iron & Steel Institute and Booz • Allen & Hamilton. He is a former adjunct professor of Economics at the Colorado School of Mines and the Virginia Polytechnic Institute & State University. Dr. Sandri obtained his BSc in Foreign Service from Georgetown University, an MA in Applied Economics from American University and his PhD in Mineral Economics from the Colorado School of Mines. He currently serves as a director of Select Resources and Tri-Western Resources.
Mr. Simmons is a geological consultant and independent director with over 35 years of senior management responsibility in the mining industry. Having served many years with Teck, Falconbridge and Cameco in senior exploration and management positions, he has gained worldwide experience in the exploration and development of copper, nickel, and precious metals, uranium, and other commodities. Mr. Simmons has been directly involved in the discovery of several significant mines. He is a former Director and past Chairman of the Exploration Division of Camiro and a former Director and past Chairman of the Education Committee of the Prospectors and Developers Association of Canada (PDAC). In addition Mr. Simmons is a former member of the Minister's Advisory Board for the Ontario Geological Survey. He is a graduate of Carleton University with an Honours BSc in Geology. He currently serves as an independent director and/or advisory board member with several TSX-listed and private mining companies, including QGX, Queenston and Vismand.
Dr. Sandri and Mr. Simmons will join Mr. Christopher C. Dundas, Director and Chairman and Mr. Douglas Hunter, Director and Senior Vice-President on the board of Duluth Metals.
About Duluth Metals
Duluth Metals Limited is currently a subsidiary of Wallbridge Mining Company Limited. Duluth Metals is exploring for nickel, copper and platinum group element (PGE) deposits within the Duluth Complex of Minnesota. The Maturi Extension property covers 3.5 miles of favourable geology which hosts nickel, copper and PGE mineralization in the Duluth Complex. Duluth Metals Limited is scheduled to file its IPO preliminary prospectus with the Ontario Securities Commission during June 2006 and to apply to have its common shares listed on a stock exchange.
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.
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
CHF Investor Relations
Nick Kohlmann, M.Sc., Vice President
Tel: (416) 868-1079 ext. 222
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.