Press ReleasesNovember 09, 2006
Wallbridge Mining Appoints Ms. Mara Strazdins, VP Investor Relations
Toronto, Ontario -- November 9, 2006 -- Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) today announced that it has appointed Ms. Mara Strazdins, VP Investor Relations. The appointment of Ms. Strazdins is a key component in Management's effort to raise Wallbridge's profile with current and potential investors.
Commenting on the appointment of Ms. Strazdins, Alar Soever, President of Wallbridge stated, "We realize that one area where we need to improve is in getting value for our shareholders in terms of share price. Our exploration efforts in Sudbury are achieving success, but this is not being reflected in our share price. Taking into account the value of our major share holding in Duluth Metals Limited, the valuation we get for our large land position in Sudbury, which includes both the Broken Hammer resource and the Trill Offset discovery, our share price is extremely low relative to the potential. We look forward to getting our story out and working with Ms. Strazdins to achieve this goal."
Prior to joining Wallbridge Ms. Strazdins worked as a geologist with Dome Mines and subsequently Placer Dome for 18 years obtaining a varied range of experience within their North American corporate structure. Prior to Placer Dome, Ms. Strazdins worked for Cominco, Gulf Minerals and the Ministry of Natural Resources. With a diversified background in geology, exploration and public relations, Ms. Strazdins will be focusing on raising the Company's visibility within the investment community.
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.
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
Mara Strazdins, Vice-President, Investor Relations
Tel: (416) 710-0646
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.