Wallbridge Mining Defines Highly Conductive Drill Targets on Sudbury Parkin Offset...

Wallbridge Mining Defines Highly Conductive Drill Targets on Sudbury Parkin
Offset Dyke Properties

TORONTO, May 27 /PRNewswire-FirstCall/ - Wallbridge Mining Company Limited
(TSX:WM; FWB: WC7) is pleased to announce today that two highly conductive
targets have been delineated on its Parkin Offset Dyke Properties (Parkin
Properties), located in Sudbury, Ontario, as a result of recent down-hole
geophysical surveys. As such targets within offset dykes have a high
probability of representing massive nickel-copper-platinum group
element-bearing (PGE) sulphides, the Company hopes to drill test these targets
in the upcoming summer work program. The exploration program is in joint
venture with Impala Platinum Holdings Limited.
Commenting on the geophysical results, Alar Soever, President of Wallbridge,
stated "The definition of these two high quality targets is the result of our
systematic drilling program and the use of state-of-the-art geophysical
techniques. We look forward to drill testing these targets as part of the next
work program on the property. Drill testing of highly conductive targets such
as these has resulted in the discovery of major deposits on other offset dykes
in Sudbury".
The highest priority target is highly conductive (minimum 5000 siemens
conductor identified by a UTEM-4 down-hole electromagnetic survey) and is
located about 30 metres northwest of hole WMM-010 with its top at a depth of
1370 metres down-hole or a vertical depth of about 1200 metres. This conductor
is located within the down-plunge projection of the Number 2 Zone sulphide
lenses of the Milnet Mine, which saw production of 157,130 tons at a grade of
1.49% copper (Cu), 1.54% nickel (Ni), 2.25 g/t platinum (Pt), 2.98 g/t
palladium (Pd) and 0.33 g/t gold (Au) in the 1950's. Historic drilling below
the mine workings intersected mineralization to a depth of about minus 500
metres along this trend. Notable intersections include 1.5 metres of 1.34% Cu
and 4.34% Ni, 1.0 metres of 1.10% Cu and 1.70% Ni, 0.2 metres of 5.00% Cu and
10.00% Ni and 0.3 metres of 2.51% Cu, 0.41% Ni and 1.02 g/t
platinum+palladium+gold (TPM). A figure showing the location of the off-hole
conductor relative to drill hole WMM-010, historical Milnet Mine workings,
historical intersections and the interpreted geometry of the Parkin Offset
Dyke and entitled "Cross-section of drillhole WMM-010" can be viewed on our
website at www.wallbridgemning.com as part of this press release.
The second conductive zone was detected by a Fara Systems radio-imaging (RIM)
survey and is located about 860 metres southwest of conductor # 1, at a
vertical depth of about 740 metres. This conductive zone is located down dip
of the Brady Showing, a high grade lense of surface mineralization located
about halfway between the Milnet Mine and Wallbridge's Parkin resource.
Historic channel sampling of the Brady showing has returned values of up to
2.7 metres of 11.2% Cu, 0.6% Ni, 9.2 g/t Pt, 4.3 g/t Pd and 1.6 g/t Au. A
longitudinal section illustrating the geophysical results relative to known
mineralization entitled "Geophysical long section - Parkin Offset Dyke" can be
viewed on our website at www.wallbridgemining.com as part of this press
release.
The Parkin Properties comprises a southern block of claims held 98.5% by
Wallbridge and 1.5% by Xstrata Nickel, a central block of claims covering the
historic Milnet Mine workings owned 100% by Wallbridge and a northern block of
claims and three claims between Wallbridge's southern and Milnet claim blocks
covering the so-called Brady Showing, which are subject to an option and joint
venture agreement between Wallbridge and Champion Bear Resources (See property
map on Wallbridge's website at www.wallbridgemining.com).
The Parkin Properties are being explored in joint venture with Impala Platinum
Holdings Limited (Impala), the world's second largest primary platinum
producer. Impala can earn a 50% interest in the Parkin Property by spending $5
million over a three year period. Impala can then increase its interest to 65%
by funding a Feasibility Study and securing Wallbridge's portion of the
development funding through to commercial production on a project loan basis
(See Wallbridge press release dated August 26, 2008). Wallbridge can earn a
50% interest in Champion Bear's blocks of claims by spending $2 million over
two years. Wallbridge may then increase its interest in the property to 75% by
completing a definitive feasibility study on a deposit, which is in whole or
in part on the property and funding Champion Bear's portion of development
expenditures as a loan against Champion Bear's portion of the proceeds of
production. (See Wallbridge press release dated April 28, 2008).
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's primary focus is the exploration of
nickel, copper and platinum group element ("PGE") deposits in the Sudbury area
of Ontario. The Sudbury area hosts 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 Vale Inco, Xstrata Nickel, Lonmin
Plc and Impala Platinum Holdings Limited. Wallbridge also has a major
shareholding in Duluth Metals Limited, which has defined a large
copper-nickel-PGE resource in the rapidly emerging Duluth Complex base metal
camp in Minnesota. Wallbridge is also exploring a large porphyry
copper-gold-molybdenum property in south-western British Columbia and has
interests in copper-zinc and gold properties in northeastern Ontario.

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.

SOURCE Wallbridge Mining Company Limited

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, (416) 369-1500 ext 222, Email:
mstrazdins@wallbridgemining.com