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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: Nikole Wollerstein	11/17/2006 5:30:31 PM
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it is only channel sampling but in Sudbury Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) today announced that it has received results of channel sampling on its Trill Offset Dyke sulphide lens. The results extend the surface strike length of the lens to 66 metres. A program of resource drilling is being initiated with the goal of defining a shallow, open-pittable resource and is expected to begin before the end of November 2006. Commenting on these latest results Alar Soever, President of Wallbridge stated, "These assays demonstrate the high PGE grade of the zone. Given these high grades and the fact that the mineralization occurs at surface, we will be proceeding immediately to define a shallow open-pittable resource." Results of the latest channel sampling are summarized in the table below, and includes previously reported (August 9, 2005) assays for channel samples A, B and C. The locations of channel samples and projected borehole pierce points of holes planned for the resource drilling program are posted on Wallbridge Mining Company Limited's website. The resource definition program initially will consist of 11 holes for an aggregate of approximately 600 metres of NQ drilling and test the sulphide lens to a planned depth of approximately 50 metres. Assays reported from Channel G are from a separate sulphide lens of as yet undefined strike length, located on the dyke 62 metres east of Channel F. << ------------------------------------------------------------------------- Channel Length TPM Nickel Copper Plat- Pall- Gold Comment (metres) (Pt+Pd (%) (%) inum adium (g/t) +Au) (g/t) (g/t) (g/t) ------------------------------------------------------------------------- Channel A 3.45 9.41 1.46 0.94 2.12 6.59 0.70 2005 Results ------------------------------------------------------------------------- Channel B 3.00 8.03 1.47 1.36 2.29 5.21 0.53 2005 Results 13.0m east of A ------------------------------------------------------------------------- Channel C 3.47 5.35 1.48 0.70 1.64 3.47 0.24 2005 Results 8.2m east of B ------------------------------------------------------------------------- ------------------------------------------------------------------------- Channel D 2.42 5.44 0.55 0.65 1.52 3.57 0.35 15.8m east of C ------------------------------------------------------------------------- Channel E 1.45 4.65 0.81 0.92 1.43 2.91 0.31 7.0m east of D ------------------------------------------------------------------------- Channel F 3.25 9.97 0.42 1.17 1.69 8.01 0.27 12.0m east of E ------------------------------------------------------------------------- Channel G 6.00 4.24 0.23 1.12 1.26 2.61 0.37 62.2m east of Main Zone ------------------------------------------------------------------------- Channel H 2.43 6.68 0.11 0.66 2.27 3.73 0.68 11.2m west of A ------------------------------------------------------------------------- >> The Trill sulphide lens is located on the Trill Property, which is part of the Sudbury Camp Joint Venture with Lonmin Plc. By agreement with Lonmin initial resource definition drilling on the Trill sulphide lens will be funded entirely by Wallbridge. Lonmin's decision to participate in future development of this mineralized zone will depend on the size of the resource that is defined. Channel samples were prepared at ALS Chemex Ltd. Laboratories in Sudbury and then shipped to their analytical facilities in Vancouver. Samples were analyzed for Au, Pt and Pd using a standard fire assay with an ICPAES finish; Cu and Ni were analyzed using a four acid (near total) digestion and an AAS finish.

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