Miocene Metals Appoints Secutor Capital as IPO Sub-agent

TORONTO, March 25 /CNW/ --
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TORONTO, March 25 /CNW/ -Miocene Metals Limited and Wallbridge Mining
Company Limited (TSX:WM) (FST:WC7) today announced that Secutor Capital
Management Corporation (The Sub-agent') has been appointed as sub-agent
to Macquarie Private Wealth Inc. (the 'Lead'), which is acting as lead
agent pursuant to the Offering of Flow-Through Shares and Units of
Miocene Metals Limited on a commercially reasonable efforts agency
basis subject to completion of due diligence.




As reported in a press release dated March 4, 2011, Miocene Metals
Limited ('Miocene'), the private company formed to finance exploration
of Wallbridge's ('Wallbridge') seven British Columbia porphyry
copper-gold-molybdenum properties filed a preliminary prospectus in
connection with a prospectus Offering (The 'Offering') in British
Columbia, Alberta and Ontario. The Offering consists of up to
$7,200,000 consisting of up to 10,000,000 units ('Units') at a price of
$0.36 per Unit and up to 9,000,000 of flow-through common shares
('Flow-Through Shares') at a price of $0.40 per Flow-Through Share.
Each Unit will be comprised of one common share ('Common Share') and
one half of one Common Share purchase warrant ('Warrant'). Each whole
Warrant shall be exercisable into one Common Share at a price of $0.50
per Common Share for a period of 2 years from the closing date of the
Offering. Each Flow-Through Share will be issued as a 'flow-through
share' within the meaning of the Income Tax Act (Canada) (the 'Tax
Act'). The preliminary prospectus is still subject to completion or amendment.
There will not be any sale or any acceptance of an offer to buy the
securities until a receipt for the final prospectus has been issued.




Macquarie Private Wealth is part of the Macquarie Banking and Financial
Services Group, the primary relationship manager for Macquarie's retail
client base and has over $10 billion of clients' assets under advice,
administration or management.. Macquarie belongs to the Investment
Industry Regulatory Organization of Canada (IIROC) and the Canadian
Investor Protection Fund (CIPF). A copy of the preliminary prospectus is available on Miocene's corporate profile page
which may be accessed at www.sedar.com or may be acquired directly from Macquarie Private Wealth Inc. at 4100
Yonge Street, Suite 500, North York, ON, M2P 2B5, Attention: Bijan Levine,
Tel: (416) 512-3680, e-mail:

bijan.levine@macquarie.com. Please direct all inquiries to Mr. Bijan Levine.




About Miocene Metals Limited




Miocene is focused on the exploration and development of seven porphyry
copper-gold-molybdenum properties acquired from Wallbridge in
south-western British Columbia within the Miocene-aged Cascade Magmatic
Arc. The Cascade Arc shares many geological characteristics with the
Miocene-age porphyry belt that stretches the length of Chile and
Argentina in South America and hosts some of the world's largest
porphyry copper-gold-molybdenum deposits including Chuquicamata, El
Teniente and Los Bronces.




About Wallbridge Mining Company Limited




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.




This document may contain forward-looking statements relating to
Miocene'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
Miocene's control. A number of important factors could cause actual
outcomes and results to differ materially from those expressed in
forward-looking statements. 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. Miocene 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 Miocene's website at www.miocenemetals.com, or contact:

Miocene Metals Limited
Linda Zubal, Investor Relations
Tel: (705) 682-9297 ext. 247
Email: lzubal@miocenemetals.com

Ron Poirier, Investor Relations
Tel: (705) 682-9297 ext 263
Email: rpoirier@miocenemetals.com 

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

Wallbridge Mining Company Limited
Mara Strazdins, Vice-President, Investor Relations
Tel: (416) 369-1500 ext 222
Email: mstrazdins@wallbridgemining.com

Ron Poirier, Investor Relations
Tel: (705) 682-9297 ext 263
Email: rpoirier@wallbridgemining.com