Wallbridge Mining Company Limited reported final assay results of the inaugural 2023 drill program at its 100%-owned Grasset Gold property ("Grasset Gold"), which expanded the known gold mineralization discovered in the first holes reported on November 13, 2023. Results from holes GR-23-132, GR-23-133 and additional results for GR-23-130 further delineate the gold mineralization at the Hinge Zone, which was discovered by the first drill hole testing this target area, as reported in the Company's news release dated November 13, 2023. The zone is hosted within Timiskaming-like sediments and mafic volcanics over a strike length of approximately 600 metres and at shallow depths starting at the bedrock surface.

This mineralization is characterized by a broad envelope (up to 200 metres core length) of anomalous gold values with discrete higher grade intervals, like the 1.17 g/t Au over 7.10 metres, including 12.11 g/t Au over 0.50 m in GR-23-132, and 4.99 g/t Au over 1.20 metre in GR-23-133 reported on January 18, 2024 and the previously released 1.22 g/t Au over 8.50 metres, including 3.20 g/t Au over 2.50 metres in GR-23-130. Target G5 is located 1 to 2 kilometres to the west of the Hinge Zone and shows a strong break in the magnetic fabrics and a change in the geometry of the break. This represents a geologically favorable area for gold deposition, with the previously released hole GR-23-119 intersecting multiple gold-bearing intervals assaying up to 4.47 g/t Au over 1.00 metre.

GR-23-134, testing 800 metres west of GR-23-119 and 1.5 kilometres west of the Hinge Zone, intersected anomalous gold mineralization within the same Timiskaming-like conglomerate with up to 2.04 g/t Au over 1.50 metres returned. Drillholes GR-23-128 and GR-23-131, drilled another 900 metres to the north-west of GR-23-134, intersected wide intervals of intense shearing with elevated silicification and sulfide mineralization, albeit with no significant gold grades. This zone of shearing was present in mafic volcanics north of the Timiskaming-like conglomerate, with the contact having been intercepted earlier than anticipated in the holes, suggesting this favorable geology is further to the south and remains to be tested in the future.

Target G11: Two holes, GR-23-129A and GR-23-135, were drilled 2-3 kilometres further west of G5 to continue testing the Timiskaming-like conglomerate basin closer to the Fenelon property. The two holes were nearly completely within the conglomerate unit and intersected sporadic gold mineralization up to 3.61 g/t Au over 1.50, intercepted by GR-23-129A. The Grasset Gold exploration program predominantly focused on the intersection of a large fold- structure with a flexure in the SLDZ, the main structure controlling gold mineralization along the Detour-Fenelon Gold Trend.

The Grasset East Flexure target area consists of a large conglomerate-wacke basin (Timiskaming- like) in contact with a thick sequence of mafic volcanic rocks. In the southern Abitibi, Timiskaming- type sedimentary units are generally associated with regional-scale fault zones that acted as the main ore-fluid pathways (Timmins and Kirkland Lake camps). The 2023 drill program was designed to define the geological framework of the Grasset East Flexure target area, and to test structures interpreted from recently collected high-resolution airborne magnetic data.

The Grasset East Flexure target area was never drill tested in the past. Originally, the Company intended to complete approximately 5,000 metres of diamond drilling on 11 targets over an area of 4.5 kilometres by 3.5 kilometres.