Wallbridge Mining Updates Broken Hammer Bulk Sample Progress

TORONTO, March 4 /CNW/ --
TORONTO, March 4 /CNW/ - Wallbridge Mining Company Limited (TSX: WM) (FWB: WC7) (the 'Company') today announced that excavation and delivery the 30,000-tonne bulk
sample from the Broken Hammer Zone to Xstrata's Strathcona Mill is
progressing well. To date approximately 48,000 tonnes of material have
been excavated, of which over 25,000 tonnes have been crushed on site,
and 9,200 tonnes delivered to the Strathcona mill.

Once all the material has been delivered to the mill, the material will
be scheduled for batch processing to confirm metallurgical recoveries.
Currently, processing is tentatively expected to take place by the end
of June 2011.

'We are extremely pleased with the progress to date', stated Alar
Soever, President and CEO of Wallbridge, 'When the material has been
processed, we will have the necessary inputs to advance the project
through feasibility and, if results warrant, into production.'

Wallbridge discovered the Broken Hammer Zone as a result of an ongoing
grass roots exploration program on the North Range of the Sudbury
Basin. In November 2005, Roscoe Postle Associates Inc. estimated the NI
43-101 compliant, inferred mineral resource to be 251,000 tonnes at a
grade of 3.80 g/t total precious metals (1.56 g/t palladium, 1.62 g/t
platinum and 0.61 g/t gold), 1.00% copper and 0.10% nickel. This
resource estimate was prepared using a cut-off value of CAN$40/t, and
the then prevailing, long-term metal price projections of US$800/oz for
platinum, US$180/oz for palladium, US$400/oz for gold, US$ 1.40/lb for
copper, and US$5.00 for nickel. A new resource estimate and feasibility
study will be prepared using current metal prices, once results of the
bulk sampling program are available.


Wallbridge currently holds a 98.5% interest in the Broken Hammer
property while Xstrata Nickel


retains a 1.5% carried interest with some buy back provisions.

The Qualified Person responsible for the technical content of this press
release is Mark Croteau P.Geo., Manager of Operations for Wallbridge
Mining Company Limited.

About the Company

Wallbridge Mining Company Limited's primary focus is the exploration for
platinum group element ('PGE'), nickel and copper deposits in the
Sudbury area of Ontario. The Sudbury area hosts the world's largest
concentration of nickel deposits and is currently the most active
mining camp in North America. Major joint venture partners in Sudbury
include Vale, Xstrata Nickel, Lonmin Plc and Impala Platinum Holdings
Limited. Wallbridge also has a major shareholding in Duluth Metals
Limited, which has defined a large copper-nickel-PGE resource in the
rapidly emerging Duluth Complex base metal camp in Minnesota and
recently announced a joint venture with Antofagasta plc, which will see
the project financed through feasibility. Wallbridge also holds a
portfolio of porphyry copper-gold-molybdenum properties in southwestern
British Columbia, which is currently being spun-out into a new company,
Miocene Metals Limited, which was formed to finance the exploration of
these properties.

This document may contain forward-looking statements relating to
Wallbridge's operations or to the environment in which it operates.
Such statements are based on operations, estimates, forecasts and
projections. They are not guarantees of future performance and involve
risks and uncertainties that are difficult to predict and may be beyond
Wallbridge's control. A number of important factors could cause actual
outcomes and results to differ materially from those expressed in
forward-looking statements, including those set forth in other public
filings. In addition, such statements relate to the date on which they
are made. Consequently, undue reliance should not be placed on such
forward-looking statements. Wallbridge disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, save and
except as may be required by applicable securities laws.

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

Wallbridge Mining Company Limited