Press ReleasesAugust 29, 2011
Wallbridge Mining Builds Management Team for Future Growth
Toronto, Ontario - August 29, 2011 - Wallbridge Mining Company Limited (TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to announce the appointment of Mr. Marz Kord as President of Wallbridge.
Mr. Kord brings to Wallbridge a wealth of experience in the mining industry, spanning a 26 year period over which Mr. Kord has held progressively more responsible roles in both operations and management. Most recently Mr. Kord was Executive Vice President, Global Mining for a large Canadian firm. Mr. Kord's expertise includes managing large multidisciplinary teams of engineers and operators as well as extensive experience in developing business growth plans and in mergers and acquisitions.
Mr. Kord holds a Bachelor's Degree in Mining Engineering, a Master's Degree in Applied Sciences, and a Master's Degree in Business Administration (MBA).
"We are extremely pleased to have an outstanding individual such as Marz join our team" stated W. Warren Holmes, Chairman of Wallbridge. "This is a pivotal time in the growth of Wallbridge, with our Broken Hammer copper-PGE deposit in Sudbury advancing through feasibility, and with significant value in the investments in our two spin out companies, Miocene Metals and Duluth Metals. The addition of Marz to our management team gives us the capacity to build upon these considerable assets and move Wallbridge to the next level in its growth as a company."
Mr. Alar Soever, will continue as CEO of Wallbridge. "The addition of Marz to our management team, is an important step in our growth strategy", stated Mr. Soever. "Marz's extensive experience in mining operations and his exposure to a large number of mining projects in various stages of development will be invaluable as we explore opportunities for future growth. I look forward to working with Marz as we grow this company."
About the Company
Wallbridge Mining Company Limited's primary focus is the exploration for platinum group elements ("PGE"), nickel and copper deposits in the Sudbury area of Ontario. The Sudbury area hosts one of the world's largest concentration of nickel deposits and is currently the most active mining camp in North America. Major joint venture partners in Sudbury include Xstrata Nickel, Lonmin Plc and Impala Platinum Holdings Limited. Wallbridge also has a significant shareholding in its spin out company, Duluth Metals Limited (DM:TSX), which is advancing its very large copper-nickel-platinum-palladium-gold deposit in northern Minnesota through feasibility in joint venture with Antofagasta plc, one of the world's major copper producers. Wallbridge also holds a major shareholding its latest spin out company, Miocene Metals Limited (MII:TSXV), which was formed to finance the exploration of a portfolio of copper-gold-molybdenum properties in southwestern BC.
For Further Information
Please visit the Company's website at www.wallbridgemining.com, or contact:
Wallbridge Mining Company Limited
Tel: (416) 553-4001
Email: [email protected]
Tel: (705) 682-9297 ext 263
Email: [email protected]
This document may contain forward-looking statements relating to operations of Wallbridge or its subsidiaries or to the environment in which they operate. 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.