Wallbridge Mining Company Limited announced that drill testing on 11 new gold exploration targets at its 100%-owned Grasset Gold property has begun. The ?Grasset East Flexure? target area covers the central portion of a fold-structure identified from airborne magnetic surveys and a strong flexure in the Sunday Lake Deformation Zone, the primary structure controlling gold deposition along the Detour-Fenelon Gold Trend.

The Company is planning to complete approximately 5,000 metres of diamond drilling on the 11 targets over this large area of 4.5 km by 3.5 km that has yet to be drilled. Such folds and flexures along major structures are favorable sites for fluid circulation and are common host environments for gold deposition in greenstone belts globally, including at Fenelon. The targets outlined in today?s release are designed to test key locations throughout the ?Grasset East Flexure?

area that were identified based on geologic features and secondary structures interpreted from the magnetic surveys.