Wallbridge Mining Company Limited announced that it has received final assay results from its 2,396 metre drilling program completed in March 2024 at its 100% owned Fenelon Gold Project (Fenelon). Intersected multiple high-grade gold-bearing structures in the Enterprise and Andromeda vein swarms of the Area 51 zone at depths ranging between 60 and 150 metres below surface including: · 29.48 g/t Au over 1.4 metres, 37.95 g/t Au over 1.9 metres in drill hole FA-24-578. 12.09 g/t Au over 0.5 metres, 41.55 g/t Au over 0.5 metres in drill hole FA-24-579.

Provided additional infill confirmation of gold grade continuity along Contact and Tabasco zone structures proximal to the Area 51 zone at relatively shallow depths ranging between 40 and 85 metres below surface with intercepts including: · 2.15 g/t Au over 4.5 metres, 1.90 g/t Au over 4.1 metres in drill hole FA-24-575 · 3.39 g/t Au over 2.5 metres in drill hole FA-24-580 Deeper mineralization was also intersected in the Area 51-MIB and Tabasco zones at depths ranging between 350 and 500 metres below surface including: · 7.75 g/t Au over 2.4 metres, 11.52 g/t Au over 1.7 metres in drill hole FA-24-578 · 50.13 g/t Au over 0.5 metres in drill hole FA-24-579 Confirmed continuation of gold mineralization along easterly strike projection of the Contact and Tabasco zone structures near the currently defined limit of the Fenelon mineral resource with 1.52 g/t Au over 8.0 metres in a down-hole extension of drill hole FA-20-194. Subsequent to the completion of its FIRST QUARTER OF Fenelon drill program, Wallbridge recently completed a Phase 1 drill program at its Martiniere Project, located 30 kilometres west of Fenelon. Key objectives of the Phase 1 program include the collection of mineralized material for bulk metallurgical testing, collection of geotechnical data to support rock mass characterization studies, and infill drilling to upgrade resource classification.

The Company will provide an update on the Martiniere Project once the final results of the Phase 1 program have been received. Additionally, final preparations are well underway for the commencement of the 2024 regional exploration drilling program, which is scheduled to begin in early June.