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TORONTO, Oct. 18, 2011 /CNW/ - Wallbridge Mining Company Limited
(TSX:WM, FWB: WC7) ("Wallbridge" or the "Company") is pleased to
announce that it has retained the services of Wardrop, A Tetra Tech
Company ("Tetra Tech") and AMEC, two large multi-disciplinary
engineering companies to complete the required studies for the
development of its Broken Hammer deposit in Sudbury, Ontario. Tetra
Tech will complete the Pre-Feasibility study ("PFS") and the subsequent
Feasibility Study ("FS"). AMEC will complete the Environmental and
permitting requirements.


"The successful delivery of the bulk sample and its expected results
have brought this project to the next phases of development namely
Pre-Feasibility, Feasibility, and permitting. We are pleased to have
engaged the services of two very reputable and experienced mining
engineering firms to assist us in the development of this exciting
project" said Marz Kord, President of Wallbridge.


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. Since then additional drilling as well
as a 20,000-tonne bulk sampling program have been completed, with final
results expected to be available later this month. The new information
from both the bulk sample and additional drilling will be used to
update the mineral resource estimate and provide metal recoveries for
use in the PFS.


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.


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. Sudbury is Canada's premier mining camp with a
125 year history of production. It is a community that understands
mining and has excellent infrastructure. There are currently 14
producing mines, two mills, two smelters, water resources, power and
transportation networks, a well-trained mining workforce and an
internationally recognized concentration of mining service and supply
expertise. Most significantly, despite its long history of mining,
numerous major mineral discoveries continue to be made in the area.
Major joint venture partners in Sudbury include Xstrata Nickel, Lonmin
Plc and Impala Platinum Holdings Limited.


Wallbridge also holds founding equity stakes in two spin out companies:
10.1 million shares (8.1%) of Duluth Metals Limited (TSX:DM) which is
advancing its very large copper-nickel-platinum-palladium-gold deposit
in northern Minnesota through feasibility in joint venture with
Antofagasta plc, one of the world's major copper producers, and 28.4
million shares (43%) of Miocene Metals Limited (TSX.V:MII), which was
formed to finance the exploration of a portfolio of
copper-gold-molybdenum properties in southwestern BC. Wallbridge is
also continuously reviewing new project development opportunities in
the Sudbury area and elsewhere.


This document may contain forward-looking statements relating to
operations of Wallbridge or its subsidiaries or to the environment in
which they operate. 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

Floyd Weiner, Investor Relations Tel: (416) 553-4001 Email: fweiner@wallbridgemining.com Ron Poirier, Investor Relations Tel: (705) 682-9297 ext 263 Email: rpoirier@wallbridgemining.com