Press ReleasesAugust 04, 2006
Wallbridge Announces Approval of Extension to Complete Special Warrant Dividend. Duluth Metals to Proceed with Stock Exchange Listing
Toronto, Ontario -- August 4, 2006 -- Wallbridge Mining Company Limited (TSX: WM) today announced that a new deadline of October 31,2006 has been approved for completing the performance conditions attached to the Special Warrants issued by Duluth Metals Limited (formerly Wallbridge America Limited) ("Duluth") on November 15, 2005 to shareholders of Wallbridge Mining Company Limited ("Wallbridge"). Duluth's shareholders and the Toronto Stock Exchange have approved the extension.
Duluth filed its preliminary prospectus with the Ontario, British Columbia and Alberta Securities Commissions on June 20, 2006 and is proceeding in a timely fashion to finalize its prospectus and complete its IPO which would complete all the Special Warrant conditions.
About Duluth Metals
Duluth Metals Limited is involved in the acquisition and exploration of copper, nickel and platinum group element (PGE) deposits. The Company's principal property consists of four state leases, two federal prospecting permits and a private lease covering 14 parcels of lands within the Duluth Complex in northeastern Minnesota known as the Maturi Extension Property.
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 ON WALLBRIDGE MINING 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
Mara Strazdins, P.Geo., Vice President
Tel: (416) 868-1079 ext. 222
FOR FURTHER INFORMATION ON DULUTH METALS please contact:
Duluth Metals Limited
President and Chief Executive Officer
Tel: 661 340 7755
Christopher C. Dundas,
Chairman and Chief Financial Officer
Tel: 416 317 6749
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.