Wallbridge Mining Starts Drill Program to Expand Broken Hammer Copper- Platinum Group Metals Zone

TORONTO, March 24 /CNW/ --
TORONTO, March 24 /CNW/ - Wallbridge Mining Company Limited (TSX: WM) (FWB: WC7) (the 'Company') today announced that it has initiated a 1,600 metre drill program at
its Broken Hammer copper-platinum group metals project in Sudbury. The
drilling program will initially focus on expanding the resource to the
east of where it is exposed in the recently excavated bulk sample pit,
into an area which is outside the current resource estimate. Drilling
is also planned to expand the resource in the west end of the zone,
based on the better understanding of the mineralization gained during
the excavation of the bulk sample.

This drilling program is designed to expand the limits of the existing
resource, and to provide additional information for the new resource
estimate, which is expected to be initiated this summer after the
results of the processing of the bulk sample become available.

'The mineralization we see in the bulk sample pit, demonstrated to us
that we definitely have potential to expand the zone to the east',
stated Alar Soever, President and CEO of Wallbridge. 'The better
understanding of the structure we now have, indicates that it may also
be possible to add tonnes at in the western end of the zone.'

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 $CAN40/t, and
the then prevailing, long-term metal price projections of $US800/oz for
platinum, $US180/oz for palladium, $US400/oz for gold, $US 1.40/lb for
copper, and $US5.00 for nickel. A new resource estimate and feasibility
study will be prepared using current metal prices, once results of the
current drilling and 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., Operations Manager 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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