Wallbridge Mining Drilling Update for Fenelon Gold Property

Wallbridge Mining Company Limited announced that assay results from the ongoing 100,000-metre 2020 drilling program on its 100% owned Fenelon Gold Property continue to establish the high-grade core of the Tabasco-Cayenne shear system with good gold grades over widths consistently measured in the tens of metres. This high-grade core forms a central portion of the larger shear corridor which has so far been drilled over a strike length of 800 metres and a vertical depth of 1,000 metres.

The results from drill hole FA-20-181, fill in a large drilling gap in the core of the Tabasco-Cayenne zones and provide a strong, wide intersection with a much higher metal factor

FA-20-181

5.07 g/t Au (4.20 g/t Au Cut) over 100.6 metres, including

6.32 g/t Au over 35.10 metres, which further includes 16.26 g/t Au over 7.65 metres in the Tabasco Zone

29.03 g/t Au (17.03 g/t Au Cut) over 7.30 metres in the Cayenne Zone

Wallbridge Vice President Exploration Attila Péntek said “This intersection lines up well with the interpreted plunge of the high-metal factor domain and along with similar previous intersections, such as 4.84 g/t Au over 56.00 metres in FA-20-128 and 4.06 g/t Au over 51.70 metres in FA-20-134. We are beginning to outline a large area of good gold grades over tens of metres of true thickness including several higher grade shear zones indicating good optionality for future underground production scenarios.”