Wallbridge Mining Company Limited announced that its 2023 exploration drill program has successfully extended the mineralized footprint of the gold system at its 100%-owned Martiniere Gold project (Martiniere) in multiple directions beyond the boundaries of the 2023 Mineral Resource Estimate (MRE). Highlights: Martiniere Southwest Extension (Target M4): MR-23-052: 10.73 g/t Au over 3.00 metres, including 26.50 g/t Au over 1.10 metres; MR-23-049: 9.09 g/t Au over 0.50 metres; Martiniere Dragonfly Zone (formerly Eastern Extension, Target M1): MDE-17-289: 3.21 g/t Au over 4.20 metres, including 8.23 g/t Au over 1.50 metres; MDE-17-289: 3.76 g/t Au over 2.30 metres; These intersections, along with others released on June 8, 2023, expand the known footprint of the Martiniere gold system by 250-300 m to the southwest and east; Assay results from exploration drilling confirmed gold mineralization in three grassroots targets; results from four other grassroots targets are still pending. Martiniere 2023 Drill Program: The main objectives of the 2023 exploration program at Martiniere were to expand the known footprint of the Martiniere gold system through aggressive step-outs on known gold zones, and to test grassroots targets within a few kilometres of the deposit in search of new gold zones.

Wallbridge has now completed its 2023 Martiniere exploration drilling program with 29 drill holes totalling approximately 17,460 meters. The objectives of the drill program were achieved: the program tested six expansion targets (M1, M2, M3, M4, M10, M11) situated within 800 metres of the MRE footprint, as well as eight grassroots targets (M5, M6, M7, M8, M9, M12, M13, M14) within a 4.5-kilometre radius of the deposit. The Company is reporting the results for 15 drill holes with results for the last nine holes currently pending.

Expansion Drilling Results: Target M1 ? Dragonfly Zone: Positive assay results received for hole MDE-17-289 (extension), collared 200 metres south of hole MR-23-041 (which intersected 5.15 g/t Au over 4.00 metres), continued to expand the mineralized footprint of the Dragonfly Zone (previously referred to as Eastern Extension) to the east of the Martiniere deposit (Target M1 area; Figure 3). Two subsequent drill holes in the same target area also intersected large intervals of felsic intrusive rocks similar to the Bug Lake Porphyry, one of the main host-rocks for gold mineralization at Martiniere (assay results pending).

Current work aims to refine the geological interpretation and understanding of the controls on gold mineralization at the Dragonfly Zone. Target M4 ? Martiniere Southwest Extension: Drilling at Target M4 aimed to evaluate the continuation of the Martiniere West zones to the southwest.

Assay results received for holes MR-23-049 and MR-23-052, showed the presence of significant gold mineralization several hundred metres from the existing MRE footprint. Most importantly, these holes continued to intersect favorable geology and alteration, thereby providing a key target for future resource expansion drilling. Target M3 ?

New Zone at Depth: At Target M3, hole MR-23-043 was designed to test the Horsefly Zone near surface and then continue to test the Bug Lake North area at depth, undercutting the existing drilling by over 300 m. The geology intersected in this hole was different than the drilling above, however, the broad mineralization present between 755.50 and 782.10 metres (grading 0.45 g/t Au over 26.60 metres) indicates the continuation of strong gold-bearing fluid flow pathways at depth in this area. Grassroots Exploration Drilling Results: So far, assay results have confirmed gold mineralization in 3 of the grassroots targets. Grassroots drilling also targeted other interpreted structures and potential host rocks, and assays are currently pending from targets M6, M12, M13 and M14.

At Target M5, drilling intersected new gold mineralization in Timiskaming-type conglomerate along the Sunday Lake Deformation Zone, indicating that this rock type may be a potential host rock in this belt, similar to other mining camps in the Southern Abitibi. At targets M7 and M9, gold mineralization was intersected along the Lac Du Doigt deformation zone, which along with other historic intersections (including 7.05 g/t Au over 2.21 metres and 5.04 g/t Au over 1.43 metres), confirming that this fault zone extending several kilometres acted as a gold-bearing fluid pathway. At target M8, a previously unknown diorite body was intersected in MR-23-050 over several hundred metres with occasional anomalous gold mineralization.

At Fenelon, the Jeremie Diorite is an important unit for gold mineralization at the deposit, and as such the intersection of this unit at Martiniere represents a new geological target.