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TORONTO, Feb. 3 /CNW/ - Wallbridge Mining Company Limited (TSX:WM, FWB:WC7) (the "Company") today announced that mining of a 30,000-tonne bulk sample is underway
on its Broken Hammer Property. Results of the bulk sampling will be
used to confirm the grade and metallurgical recoveries of the NI 43-101
compliant, inferred mineral resource at Broken Hammer and will be used
to advance the property through feasibility into production.




"Platinum and copper are the major value drivers in this resource",
stated Alar Soever, President and CEO of Wallbridge, "The current
strong prices and price outlook for both these metals make this an
opportune time to advance this project. Although work at this point is
at an early stage,

initial blasthole assay results have been encouraging."




Wallbridge discovered the Broken Hammer Zone as a result of an ongoing
grass roots exploration program on the North Range of the Sudbury
Basin. In November 2005, Roscoe Postle Associates Inc. estimated the NI
43-101 compliant, inferred mineral resource to be 251,000 tonnes at a
grade of 3.80 g/t total precious metals (1.56 g/t palladium, 1.62 g/t
platinum and 0.61 g/t gold), 1.00% copper and 0.10% nickel. This
resource estimate was prepared using a cut-off value of $CAN40/t, and
the then prevailing, long-term metal price projections of $US800/oz for
platinum, $US180/oz for palladium, $US400/oz for gold, $US 1.40/lb for
copper, and $US5.00 for nickel. A new resource estimate and feasibility
study will be prepared using current metal prices, once results of the
bulk sampling program are available.




Wallbridge currently holds a 98.5% interest in the Broken Hammer
Property while Xstrata Nickel retains a 1.5% carried interest with some
buy back provisions.




The Qualified Person responsible for the technical content of this press
release is Mark Croteau P.Geo., Operations Manager for Wallbridge
Mining Company Limited.




About the Company




Wallbridge Mining Company Limited's primary focus is the exploration for
platinum group element ("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