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TORONTO, Jan. 20 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB:WC7) (the "Company") today announced that it has completed the sale of 500,000 shares of its
Duluth Metals Limited shareholding, raising $1.47 million. This new
funding provides the Company with working capital to advance its key
projects in Sudbury.


"Our Duluth Metals shares remain a core asset for Wallbridge, and we
continue to be Duluth's largest shareholder holding 11.1 million shares
or 10.7% of Duluth," stated Alar Soever, President and CEO of
Wallbridge. "While the Duluth shares provide us with a degree of
financial stability not enjoyed by most junior companies, our core
business remains the discovery of a major copper-nickel-platinum group
metals deposit in Sudbury. This new funding provides us with the
working capital to pursue a very active 2011 exploration program."


About the Company


Wallbridge Mining Company Limited's primary focus is the exploration for
platinum group elements ("PGE"), nickel and copper deposits in the
Sudbury area of Ontario. The Sudbury area hosts the world's largest
concentration of nickel deposits and is currently the most active
mining camp in North America. Major joint venture partners in Sudbury
include Vale, Xstrata Nickel, Lonmin Plc and Impala Platinum Holdings
Limited. Wallbridge also has a major shareholding in Duluth Metals
Limited, which has defined a large copper-nickel-PGE resource in the
rapidly emerging Duluth Complex base metal camp in Minnesota and
recently announced a joint venture with Antofagasta plc, which will see
the project financed through feasibility. Wallbridge also holds a
portfolio of porphyry copper-gold-molybdenum properties in southwestern
British Columbia, which is currently being spun-out into a new company,
Miocene Metals Limited, which was formed to finance the exploration of
these properties.


This document may contain forward-looking statements relating to
Wallbridge's operations or to the environment in which it operates.
Such statements are based on operations, estimates, forecasts and
projections. They are not guarantees of future performance and involve
risks and uncertainties that are difficult to predict and may be beyond
Wallbridge's control. A number of important factors could cause actual
outcomes and results to differ materially from those expressed in
forward-looking statements, including those set forth in other public
filings. In addition, such statements relate to the date on which they
are made. Consequently, undue reliance should not be placed on such
forward-looking statements. Wallbridge disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, save and
except as may be required by applicable securities laws.




For further information:

Please visit the Company's website at http://www.wallbridgemining.com/">www.wallbridgemining.com, or contact:
Wallbridge Mining Company Limited
Mara Strazdins, Vice-President, Investor Relations Tel: (416) 369-1500 ext 222 Email: mstrazdins@wallbridgemining.com Ron Poirier, Investor Relations Tel: (705) 682-9297 ext 263 Email: rpoirier@wallbridgemining.com