Wallbridge Mining Builds Management Team for Future Growth

TORONTO, Aug. 29, 2011 /CNW/ --
TORONTO, Aug. 29, 2011 /CNW/ - Wallbridge Mining Company Limited
(TSX:WM, FWB: WC7) ('Wallbridge' or the 'Company') is pleased to
announce the appointment of Mr. Marz Kord as President of Wallbridge.

Mr. Kord brings to Wallbridge a wealth of experience in the mining
industry, spanning a 26 year period over which Mr. Kord has held
progressively more responsible roles in both operations and management.
Most recently Mr. Kord was Executive Vice President, Global Mining for
a large Canadian firm. Mr. Kord's expertise includes managing large
multidisciplinary teams of engineers and operators as well as extensive
experience in developing business growth plans and in mergers and
acquisitions.

Mr. Kord holds a Bachelor's Degree in Mining Engineering, a Master's
Degree in Applied Sciences, and a Master's Degree in Business
Administration (MBA).

'We are extremely pleased to have an outstanding individual such as Marz
join our team' stated W. Warren Holmes, Chairman of Wallbridge. 'This
is a pivotal time in the growth of Wallbridge, with our Broken Hammer
copper-PGE deposit in Sudbury advancing through feasibility, and with
significant value in the investments in our two spin out companies,
Miocene Metals and Duluth Metals. The addition of Marz to our
management team gives us the capacity to build upon these considerable
assets and move Wallbridge to the next level in its growth as a
company.'

Mr. Alar Soever, will continue as CEO of Wallbridge. 'The addition of
Marz to our management team, is an important step in our growth
strategy', stated Mr. Soever. 'Marz's extensive experience in mining
operations and his exposure to a large number of mining projects in
various stages of development will be invaluable as we explore
opportunities for future growth. I look forward to working with Marz as
we grow this company.'

About the Company

Wallbridge Mining Company Limited's primary focus is the exploration for
platinum group elements ('PGE'), nickel and copper deposits in the
Sudbury area of Ontario. The Sudbury area hosts one of  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 Xstrata Nickel, Lonmin Plc and Impala Platinum Holdings
Limited.  Wallbridge also has a significant shareholding in its spin
out company, Duluth Metals Limited (DM:TSX), which is advancing its
very large copper-nickel-platinum-palladium-gold deposit in northern
Minnesota through feasibility in joint venture with Antofagasta plc,
one of the world's major copper producers.  Wallbridge also holds a
major shareholding its latest spin out company, Miocene Metals Limited
(MII:TSXV), which was formed to finance the exploration of a portfolio
of copper-gold-molybdenum properties in southwestern BC.

This document may contain forward-looking statements relating to
operations of Wallbridge or its subsidiaries or to the environment in
which they operate. 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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