newsfile






Toronto, Ontario--(Newsfile Corp. - January 27, 2015) -
Wallbridge Mining Company Limited (TSX: WM) (FWB: WC7) ("Wallbridge") is pleased to announce that pursuant to the acquisition of Duluth Metals Limited ("Duluth") by Antofagasta Investment Company
Limited ("Antofagasta") which was completed on January 20, 2015, Wallbridge received cash proceeds of $2,283,777 ("Proceeds") from the sale of its then remaining 5,075,060 shares in the capital of Duluth. From those Proceeds,
Wallbridge has fully repaid its remaining $1M debt owing to Callinan Royalties Corporation ("Callinan") pursuant to a line of credit (the "LOC") entered into with Callinan on December 12, 2012 ("LOC Obligations"). Wallbridge
has also prepaid, without penalty, the US $750,000 remaining balance of its US $1.5 million bridge loan provided by Auramet International LLC ("Auramet") on August 26, 2014. For further details please refer to press releases dated
November 20, 2014 and November 12, 2014.



Wallbridge continues to generate positive cash flow from its Broken Hammer open pit operation and expects the mining operations to continue to the second half of 2015.



About Wallbridge Mining



Wallbridge Mining Company Limited (TSX: WM) is currently operating its first polymetallic mine, producing copper, platinum, palladium, and gold from the Broken Hammer open pit mine in Sudbury, Ontario, Canada's premier mining district.



Wallbridge is also actively exploring a large package of properties in Sudbury, including operating several significant exploration joint ventures with partners Lonmin Plc, Impala Platinum Holdings Limited and Glencore in Sudbury.



Wallbridge has a record of successfully generating high potential mineral projects and structuring partnerships and new companies to create value for its shareholders and its partners. As such, Wallbridge currently retains 28.4 million shares
(40.5%) in its second spin-out company, Miocene Resources Limited (TSXV: MII). Miocene is currently completing a Reverse Takeover transaction with Carube Resources Inc., a private Canadian company, which has six copper-gold exploration licences
in Jamaica with active exploration joint venture funding supplied by OZ Minerals
(OZL: AX).



For Further Information



Please visit the Company's website at www.wallbridgemining.com, or contact:



Linda Zubal

Vice President, Corporate Communications

Tel: (705) 682-9297 ext. 263

Email: lzubal@wallbridgemining.com