Wallbridge and Lonmin Finalize 2013 Platinum Palladium Exploration Programs in Sudbury

Wallbridge and Lonmin Finalize 2013 Platinum Palladium Exploration Programs in 
TORONTO, Nov. 29, 2012 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, 
FWB: WC7) ("Wallbridge") today announced that it has finalized the 2013 
budgets on two joint ventures with Lonmin Plc ("Lonmin") to explore for 
platinum, palladium, copper, nickel, and gold mineralization in Sudbury, 
Ontario. The 2013 budgets include US$1 million for exploration on the 
Sudbury Camp Joint Venture ("SCJV") and CAN$1.1 million for exploration on the 
recently finalized North Range Joint Venture ("NRJV") funded solely by 
Lonmin. Work will include detailed geological modelling, airborne and ground 
geophysical surveys this winter and up to 4300 metres diamond drilling and 
borehole geophysics in the spring. 
"Wallbridge is very pleased to continue its joint venture partnerships with 
Lonmin in Sudbury," commented Marz Kord, President and CEO of Wallbridge, "As 
Wallbridge advances towards production at Broken Hammer, this exploration 
funded by Lonmin will allow us to also advance these earlier-stage projects 
towards discovery." 
About the Sudbury Camp Joint Venture ("SCJV"): 
The SCJV with Lonmin was formed to explore for platinum group metals, nickel 
and copper on Wallbridge projects in Sudbury, Ontario. Currently, the SCJV 
covers seven projects including Skynner Lake, Foy, Windy, Cascaden, Trill, 
Trill West, and Creighton South. These projects cover mineralized structures 
and favourable geology with geological and geophysical drill targets and are 
adjacent to the Sudbury Igneous Complex (SIC) contact which hosts many 
well-known mines and mineral deposits. 
Under the terms of the SCJV Agreement, Lonmin must fund a minimum of US$1 
million in expenditures each year to maintain the option to earn up to a 50% 
interest in any property, based on its proportionate spend at the point at 
which an Indicated Resource is established on that property. Lonmin has the 
option to earn an additional 15% interest by funding work through completion 
of a feasibility study and securing the Wallbridge portion of financing 
through to commercial production. 
About the North Range Joint Venture ("NRJV"): 
The recently finalized NRJV with Lonmin has been formed to explore for 
platinum group metals, nickel and copper on 14 of Wallbridge's North Range 
projects in Sudbury, Ontario. 
Under the terms of a private placement subscription agreement (see Wallbridge 
press release, 28 June 2007) which provided CAN$3.9 million of funding for the 
initial exploration of these properties, Lonmin earned the right to enter into 
a joint venture on any of the North Range Properties. On March 27, 2012, 
Lonmin provided notice of its intention to exercise its right to form the NRJV 
to earn an interest in 14 properties in the North Range. The terms of the 
NRJV agreement have now been finalized based on the principles set out in the 
subscription agreement, which provide for Lonmin to earn up to a 50% interest 
by spending twice Wallbridge's expenditures on the properties. Lonmin can 
then earn up to a 65% interest in the properties by making additional 
Prior to work by Wallbridge, the North Range Properties were largely 
unexplored. These properties include a strike length of over 56 kilometres of 
offset dykes, mostly discovered by Wallbridge since 2007. Disseminated 
nickel, copper and PGE sulfide mineralization exposed at surface within 
inclusion bearing phases of the quartz diorite offset dykes has been 
discovered in areas with little previous drilling. The North Range 
properties offer large-scale discovery upside in Canada's most established 
mining district. 
Joshua Bailey, M.Sc., P.Geo., Vice President, Exploration, is the qualified 
person responsible for the technical content of this press release. 
About Wallbridge Mining 
Wallbridge Mining Company Limited (WM:TSX) is an established metals company 
working to build sustainable growth for investors through discovery and 
development of mineral resources. 
Wallbridge specializes in copper, platinum, palladium gold, and nickel 
projects in mining friendly jurisdictions of North America, with a particular 
focus on Sudbury, Ontario. Wallbridge's position in Sudbury offers exposure to 
unique large-scale discovery upside in Canada's premier mining district. 
Wallbridge has a record of generating high potential projects and financing 
exploration through joint ventures or spin-out companies. Wallbridge has 42 
projects in Sudbury, Ontario, including 11 joint ventures with partners Impala 
Platinum Holdings Limited, Lonmin Plc, Xstrata Nickel and a number of junior 
mining companies. 
Wallbridge also holds significant equity interests in spin-out companies 
Duluth Metals Limited (DM:TSX) and Miocene Metals Limited (MII:TSV). 
This press release may contain forward-looking statements (including 
"forward-looking information" within the meaning of applicable Canadian 
securities legislation and "forward-looking statements" within the meaning of 
the US Private Securities Litigation Reform Act of 1995) relating to, among 
other things, the operations of Wallbridge and the environment in which it 
operates. Generally, forward-looking statements can be identified by the use 
of words such as "plans", "expects" or "does not expect", "is expected", 
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or 
"does not anticipate", or "believes", or variations of such words and phrases 
or statements that certain actions, events or results "may", "could", "would", 
"might" or "will be taken", "occur" or "be achieved". Wallbridge has relied 
on a number of assumptions and estimates in making such forward-looking 
statements, including, without limitation, the costs associated with the 
development and operation of its properties. Such assumptions and estimates 
are made in light of the trends and conditions that are considered to be 
relevant and reasonable based on information available and the circumstances 
existing at this time. A number of risk factors may cause actual results, 
level of activity, performance or outcomes of such exploration and/or mine 
development to be materially different from those expressed or implied by such 
forward-looking statements including, without limitation, whether such 
discoveries will result in commercially viable quantities of such mineralized 
materials, the possibility of changes to project parameters as plans continue 
to be refined, the ability to execute planned exploration and future drilling 
programs, the need for additional funding to continue exploration and 
development efforts, changes in general economic, market and business 
conditions, and those other risks set forth in Wallbridge's most recent annual 
information form under the heading "Risk Factors" and in its other public 
filings. Forward-looking statements are not guarantees of future performance 
and such information is inherently subject to known and unknown risks, 
uncertainties and other factors that are difficult to predict and may be 
beyond the control of Wallbridge. Although Wallbridge has attempted to 
identify important risks and factors that could cause actual actions, events 
or results to differ materially from those described in forward-looking 
statements, there may be other factors and risks that cause actions, events or 
results not to be as anticipated, estimated or intended. Consequently, undue 
reliance should not be placed on such forward-looking statements. In addition, 
all forward-looking statements in this press release are given as of the date 
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. The forward-looking statements contained herein are 
expressly qualified by this disclaimer. 
Please visit the Company's website atwww.wallbridgemining.com, or contact: 
Wallbridge Mining Company Limited 
Joshua Bailey, M.Sc., P.Geo Vice President, Exploration Tel: (705) 682-9297 
ext. 240 Email:jbailey@wallbridgemining.com 
Linda Zubal Director of Corporate Communications Tel: (705) 682-9297 ext. 263 
SOURCE: Wallbridge Mining Company Limited 
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CO: Wallbridge Mining Company Limited
ST: Ontario
-0- Nov/29/2012 12:30 GMT
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