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Press Releases

July 08, 2008
Wallbridge Mining Confirms Presence of Mineralization at Roger's Creek

Toronto, Ontario -- July 8, 2008 -- Wallbridge Mining Company Limited (TSX:WM; FWB: WC7) today announced that initial sampling on its Roger's Creek Property in British Columbia had confirmed the presence of gold-silver-copper mineralization in what appears to be a porphyry copper-molybdenum-gold setting. Values in grab samples of vein material from within several areas of anomalous soil samples defined by preliminary work late last fall (see Wallbridge press release March 3, 2008) include 23 grams per tonne gold, 136 grams per tonne silver and 5610 ppm copper in one sample, and 6.45 grams of gold, 232 grams silver and 6470 ppm copper in a second.

Commenting on these early results, Alar Soever, President of Wallbridge stated, "While it is important to remember that these are results from a very few selected grab samples of mineralization, it is very encouraging to be able to find this kind of gold-silver-copper mineralization associated with what appears to be a large alteration package within a completely unexplored intrusion".

Currently, stream sediment sampling, mapping and prospecting are underway to determine the limits of the mineralization. A 1,434 line-kilometre airborne magnetic and VLF survey is underway and anticipated to be finished before the end of July.

Eight of 16 rock samples returned anomalous gold values. The samples also contain anomalous levels of silver, copper and molybdenum. A complete table of analytical results is shown below.

Sample ID

Sample
Type

RockType

Field Desc

Gold
g/t

Ag
ppm

Copper
ppm

Moly
ppm

Lead
ppm

Zinc
ppm

Sulphur
%

6401

Grab

Granodiorite

Trace disseminated pyrite

0.009

0.8

20

3.02

29

111

0.96

6402

Grab

Breccia

Strongly argillic altered breccia unit

0.171

11.5

78

17.40

147

42

0.05

6403

Grab

Granodiorite

Weak-moderate propylitic alteration

0.002

0.2

38

0.54

15

53

<0.01

6404

Grab

Granodiorite

Weak propylytic alteration

0.003

0.2

51

0.66

11

38

0.01

6405

Grab

Granodiorite

Gossanous subcrop

0.018

0.4

86

75.90

23

51

5.56

6406

Grab

Granodiorite

Gossanous; abundant pyrite

0.057

0.2

6

6.99

15

35

0.83

6407

Grab

Granodiorite

Propylitic alteration, magnetite along joints

0.006

0.3

59

1.59

24

60

0.01

6408

Grab

Granodiorite

Gossanous subcrop;malachite staining

0.003

5.2

122

3.29

128

230

0.04

6409

Grab

Granodiorite

Trace disseminated pyrite

0.008

1.9

20

0.78

212

238

1.54

6410

Grab

Granodiorite

Trace disseminated pyrite

0.002

1.7

30

1.11

85

234

0.73

6411

Grab

Granodiorite

Breccia unit with malachite staining

0.030

77.1

1100

5.39

2220

816

0.52

6412

Grab

Granodiorite

Trace disseminated pyrite

0.003

5.3

98

0.42

166

503

0.50

6413

Grab

Granodiorite

Malachite-filled joints

0.230

37.9

2630

100.00

2210

1565

0.84

6414

Grab

Granodiorite

Pyrite-chalcopyrite-quartz vein

6.460

232.0

6470

24.30

1120

700

>10.0

6415

Grab

Granodiorite

Chalcopyrite-pyrite-quartz vein

23.100

136.0

5610

15.80

1450

444

4.01

6416

Grab

Granodiorite

Minor malachite, traces chalcopyrite

0.027

2.0

560

2.56

99

845

0.06



Samples were processed at ALS Chemex Laboratory in Vancouver, BC. Samples were analyzed for Au by standard lead collection fire assay fusion followed by a combination of inductively coupled plasma mass spectrometry (ICP-MS) and atomic emission spectrometry (ICP-AES). Samples are also analyzed for 47 base metals and trace elements using a four acid (HNO3-HCIO4-HF and HCI) near total digestion and a combination of ICP-MS and ICP-AES. ICP overlimits are re-analyzed using sodium peroxide fusion acid dissolution followed by ICP-AES.
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 primarily 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. Wallbridge has volcanic-hosted copper-zinc and gold properties in Ontario and a large porphyry copper-molybdenum-gold property in south-western British Columbia.

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) 369-1500 ext 222
Email: mstrazdins@wallbridgemining.com

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.