Wallbridge Mining Company Limited announced a significant wide intersection from a newly-discovered depth extension of the Tabasco-Cayenne Zones at the Fenelon Gold Property, expanding strong gold mineralization to a vertical depth of 1,000 metres. Drill hole FA-20-203 intersected 3.71 g/t Au over 42.50 metres, including6.11 g/t Au over 19.50 metres in the recently discovered eastern high metal factor (grade multiplied by core length) domain of the Tabasco-Cayenne zones approximately 100 metres below a previous intersection of 4.16 g/t Au over 35.55 metres in hole FA-19-099. Highlight intersections from the expansion drilling in the Tabasco-Cayenne Zones include: 3.71 g/t Au over 42.50 metres in the Tabasco Zones, including 6.11 g/t Au over 19.50 metres, and 2.95 g/t Au over 11.00 metres in the Tabasco Zones: 6.04 g/t Au over 4.70 metres in the Cayenne Zone; Additionally, drill hole FA-21-223A was just completed with assays pending. This hole is approximately 150 metres to the east of hole FA-20-203 and has intersected strong sulfide mineralization within the Main Gabbro, along the edge of the Jeremie Diorite, thereby demonstrating further significant expansion potential in this eastern portion of the Tabasco-Cayenne zones. Follow-up drilling is planned in this eastern high metal factor domain in order to be included in the maiden mineral resource estimate targeted for Third Quarter 2021. 2021 Drilling Program Update: In 2021, the company is planning to complete approximately 170,000 metres of drilling with a maiden mineral resource estimate at Fenelon anticipated in the third quarter. Approximately 10-15% of the drilling program will be devoted to regional exploration on the company’s district-scale, underexplored land package on the Detour-Fenelon Gold Trend. Currently, the Company has eight drill rigs operating at Fenelon and is planning to add a ninth rig this week. In the coming months, seven drill rigs will be targeting the Fenelon Gold System (Tabasco-Cayenne-Area 51 mineralization) to approximately 1,000 metres vertical depth, carrying out a combination of definition and expansion drilling at a nominal 75-metre drill spacing. Two drill rigs have been focusing on near-surface, open pit resource drilling in the western portion of Area 51. Additional drills will be devoted to regional, grassroots exploration at various projects on the Company’s 900 km2 Detour-Fenelon Gold Trend land package later in the year. Assay QA/QC and Qualified Persons: Drill core samples from the ongoing drill program at Fenelon are cut and bagged either on site or by contractors and transported to either SGS Canada Inc. or ALS Canada Ltd. for analysis. Samples, along with standards, blanks and duplicates included for quality assurance and quality control, were prepared and analyzed at SGS Canada Inc. or ALS Canada Ltd. laboratories. Samples are crushed to 90% or 95% less than 2mm. A 1kg riffle split is pulverized to >95% passing 106 microns or 85% passing 75 microns. 50g samples are analyzed by fire assay and AAS. At SGS, samples >10g/t Au are automatically analyzed by fire assay with gravimetric finish or screen metallic analysis. To test for coarse free gold and for additional quality assurance and quality control, Wallbridge requests screen metallic analysis for samples containing visible gold. These and future assay results may vary from time to time due to re-analysis for quality assurance and quality control.