Wallbridge Mining Announces Public Offering of Up to Approximately $15 Million

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TORONTO, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM) (OTCQB: WLBMF) ("Wallbridge" or the "Company") is pleased to announce that it has entered into an agreement with BMO Capital Markets, as sole bookrunner, on behalf of a syndicate of agents (collectively, the “Agents”), in connection with a best efforts, public offering of Charity Flow-Through Units (the “Charity Flow-Through Units”) and Hard Dollar Units (the “Hard Dollar Units”) of the Company for aggregate gross proceeds of up to approximately C$15 million (the “Offering”).

The Offering will consist of a combination of (i) 65,000,000 Charity Flow-Through Units, at a price of C$0.15 per Charity Flow-Through Unit for gross proceeds of up to approximately C$10 million, each Charity Flow-Through Unit will consist of one common share issued on a flow-through basis (the “FT Share”) of the Company and one common share purchase warrant (each common share purchase warrant, a “Warrant”); and (ii) 45,000,000 Hard Dollar Units, at a price of C$0.11 per Hard Dollar Unit, each Hard Dollar Unit will consist of one common share (“Hard Dollar Share”) of the Company and one Warrant for gross proceeds of up to approximately C$5 million. The FT Shares and Warrants underlying the Charity Flow-Through Units shall qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).

Each Warrant issuable under the Offering will entitle the holder to purchase one Common Share of the Company at an exercise price of C$0.15 for a period of 36 months following the closing date.

The Company has granted the Agents an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.

The net proceeds from the Charity Flow-Through Units and Hard Dollar Units will be used for continued advancement of the Company’s Fenelon and Martiniere projects, and for general corporate purposes.

In connection with the offering, the Company intends to notify Agnico Eagle Mines Limited of its right to participate pursuant to the participation agreement dated December 6, 2019.

The offering is expected to close on or about October 31, 2025 and is subject to Wallbridge receiving all necessary regulatory approvals.

The Charity Flow-Through Units and Hard Dollar Units will be offered by way of a prospectus supplement to the Company’s existing base shelf prospectus filed on January 2, 2024, in all of the provinces and territories of Canada, excluding Quebec, and may also be offered by way of private placement in the United States.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Wallbridge Mining

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec’s Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 598 km² that extends approximately 82 km along the Detour-Fenelon gold trend. The property is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project, as well as numerous greenfield gold projects.

For further information please visit the Company’s website at or contact:

Brian Penny, CPA, CMA

CEO

Email:

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Tania Barreto, CPIR

Director Investor Relations

Email:

M:

Cautionary Note Regarding Forward-Looking Information:

The information in this document may contain forward-looking statements or information (collectively, "FLI") within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections and interpretations as at the date of this document.

All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as "seeks", "believes", "anticipates", "plans", "continues", "budget", "scheduled", "estimates", "expects", "forecasts", "intends", "projects", "predicts", "proposes", "potential", "targets" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would", "should" or "might", "be taken", "occur" or "be achieved."

FLI in this document may include, but is not limited to: the timing and size of the offering and the expected use or proceeds from the offering.

FLI is designed to help you understand management's current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.

Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company's financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Deposits; the accuracy of key assumptions, parameters or methods used to estimate the MREs and in the PEA; the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company's ability to secure required funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at .

Cautionary Notes to United States Investors

Wallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.