Wallbridge Announces Senior Leadership Changes - Seite 2

Ms. Montgomery joined Wallbridge in 2007, having previously held senior positions with a number of companies associated with the mining industry in Sudbury. Ms. Montgomery is a CPA, CA. She previously also held the positions of CFO of Miocene Metals Limited and CFO and VP Finance of Wallbridge.

Mr. Pentek commented: “I am leaving my role as VP Exploration to pursue other opportunities. It has been an absolute pleasure working with the team at Wallbridge over the past 14 years. The Company has an exceptionally talented exploration group whose passion and dedication are evident every single day. I am very pleased with all that we achieved so far at Wallbridge and am confident there is plenty more to come.”

“On behalf of the Board and stakeholders of Wallbridge, I would like to thank Attila for the role he played in establishing the exploration program that led to the discovery of over three million ounces of indicated gold resources and over two million ounces of inferred gold resources on the Detour-Fenelon Gold Trend. We wish him well in his future endeavours,” said Mr. Makuch.

Mr. Penny added: “I would like to thank Attila for his leadership, which has enabled Wallbridge to advance to its current stage. He leaves the Company with the people and platform in place for future growth.” Mr. Pentek will remain in his current position to support Wallbridge through the management transition. The Company will begin a search for a permanent VP Exploration immediately.

The Company has a young talented geology team. Mark Petersen, a highly experienced senior mining executive and economic geologist, has been engaged on a consulting basis to mentor the team and guide it through a seamless leadership transition Mr. Petersen has held senior exploration roles with a number of companies, including New Gold Inc., Metallica Resources Inc. and Lac Minerals Ltd. Most recently he served as VP Exploration for mid-tier gold producer Calibre Mining Corp. where gold reserves tripled within two years under his leadership. The team will also be supported by the board, which has several members with strong technical backgrounds.

About Wallbridge Mining

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects along the Detour-Fenelon Gold Trend in Québec’s Northern Abitibi region while respecting the environment and communities where it operates.

Wallbridge’s most advanced projects, Fenelon Gold (“Fenelon”) and Martiniere Gold (“Martiniere”) incorporate a combined 3.05 million ounces of indicated gold resources and 2.35 million ounces of inferred gold resources. Fenelon and Martiniere are located within an 830 square kilometre exploration land package controlled by Wallbridge.