Wallbridge Mining Company Limited announced final results from the 2023 drill program that add near-surface mineralization adjacent to the Fenelon mineral resource and expand the mineralized area to the north and east at its 100%-owned Fenelon Gold project ("Fenelon"). After a short winter break, one drill rig has been mobilized and drilling has commenced. Highlights: Exploration drilling completed in 2023 has intercepted significant gold mineralization 1 km to the north (Target F1) and 2.5 km to the east (Target F5) of the Fenelon deposit, which remains open both laterally and at depth.

Results, such as 17.05 g/t Au over 2.75 m in hole FA-23-569, 80.51 g/t Au over 0.50 m in hole FA- 23-566, and 4.36 g/t Au over 7.50 m in hole FA -23-568, demonstrate the potential to add near-surface, high-quality gold ounces proximal to the currently defined limits of the Fenelon resource. The 2024 drill program has commenced at Fenelon with the objective to expand the limits of near-surface gold resources in the vicinity of the 2023 Preliminary Economic Assessment ("PEA") mine design, offering the potential to improve the project's overall economics. Resource Step-out Drilling: Nine drill holes totaling 3,156 metres, including extensions to two previously drilled holes, targeted near-surface Area 51 gold zones adjacent to the PEA mine design which, due to lower drilling density, are not included in the current design.

An additional five holes totaling 2,660 metres were drilled in the fall of 2023 to follow-up on the discovery of two new gold zones, Targets F1 and F5, which were first reported on May 8, 2023. At Target F5, east of the Fenelon deposits, the drill holes continued to test favorable host rocks and gold-bearing structures encountered by previous drill programs. Today, the Company reports final assay results for 24 drill holes, which include 9 resource step-out delineation holes and 15 first pass exploration holes to test new targets, along with infill sample results for 1 drill hole. Wallbridge's Detour-Fenelon Gold Trend land package.

Wallbridge's Detour -Fenelon Gold Project, Plan View, 2023 Exploration Drill Program. Drill core samples from the ongoing drill program on the Detour-Fenel on Gold Trend Property are cut and bagged either on-site or by contractors and transported to SGS Canada Inc. for analysis. These and future assay results may vary from time to time due to re-analysis for quality assurance and quality control.