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Wallbridge Mining Company - January 2014

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Information about Wallbridge Mining Company - January 2014
Investor Relations

Published on February 18, 2014

Author: CHFIR

Source: slideshare.net

Description

Wallbridge Mining Company Limited (WM:TSX) is an established junior company, formed in 1996, to explore and develop platinum group metals, copper and nickel mineral projects in mining friendly jurisdictions of North America.
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Platinum Group Elements, Copper and Nickel in Sudbury, Ontario Canada’s Premier Mining District January 2014

CAUTIONARY STATEMENT No regulatory authority has approved or disapproved the information contained in this presentation. This presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors should be cautious that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not undertake 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. 2

WALLBRIDGE STRATEGY • Maximize the benefits of joint venture partnerships & Spinouts – 46 mineral projects from grassroots exploration to pre-feasibility stage – 11 joint ventures with Lonmin Plc, Impala, Xstrata Nickel and others – Equity interests in Duluth Metals Limited (DM:TSX) and Miocene Metals Limited (MII:TSV) • Concentrate on the best assets first – Particular focus on Sudbury, Ontario – Platinum, palladium, copper, nickel, gold projects in mining friendly jurisdictions of North America • Strengthen Corporate Social Responsibility Practices to Sustain Exploration and Development – Signed Memorandum of Understanding with two First Nations Groups in Sudbury, Ontario – Supporter of Community and local Educational Institutions’ Initiatives 3

WALLBRIDGE MINING: CORE ASSETS 4

FINANCIAL OVERVIEW (DECEMBER 31, 2013) Issued and Outstanding Options (Average price $0.14 ) Warrants (Callinan @ $0.27) RSU’s & DSU’s Fully Diluted 162.3 20.1 4.2 1.5 188.1 M M M M M $0.08 per share as at Dec. 31, 2013 52 week range •Average daily volume in 2012 $0.04 - $0.15 80,000 Market Capitalization $50.0 millions $45.0 $40.0 $35.0 $30.0 $ 13.0 M $25.0 $20.0 DM Shares ($0.78 per share) MII Shares ($0.02 per share)* Broken Hammer Project** JV Partner Commitments *** Approximate working Capital **** $ $ $ $ $ Total Assets $ 18.3 M (non-GAAP, Unconsolidated) *As per price in proposed merger with Carube Resources Inc. ** As reported from prefeasibility study October 2012 ***Only partner commitments which are firm at this time **** Cash net of payables and receivables. 7.9 0.6 6.0 3.6 0.2 M M M M M App. Working capital MII:TSX.V JV Commitments $15.0 Broken Hammer $10.0 $5.0 $0.0 Sudbury Exploration Properties WM Market Cap WM Market Cap DM:TSX Assets 5

MANAGEMENT AND DIRECTORS ALAR SOEVER Executive Chairman and Director • • Professional Geologist with +30 yrs. experience Chairman Miocene Metals, Director for Duluth Metals MARZ KORD President and CEO • Mining Engineer with +25 yrs. experience in mining • Previously EVP for Genivar Consultants, Falconbridge MARY MONTGOMERY, CPA, CA CFO • She held senior positions with a number of companies associated with the mining industry in Sudbury JOSHUA BAILEY VP Exploration • Professional Geologist with +10 yrs. experience • President of SPDA, Director for OPA and OEC WARREN HOLMES • Mining executive with +40 yrs. experience in mining • Vice chairman Atlanta Gold Inc., Director for HudBay Minerals, Foraco International, Atlanta Gold PARVIZ FARSANGI • Mining Engineer with +25 yrs. experience • Director for Miocene Metals, INV Metals, Previously CEO of Scorpio Mining & COO with Vale ROLAND HORST • +35 yrs. experience as investment banker • CEO of C Bay and Director of Victory Nickel RENE GALIPEAU • +30 yrs. experience in mining • CEO of Victory nickel and Director of Nuinsco Resources, Victory Nickel and KWG Resources DARRYL SITTLER • Former NHL player and 1989 Hall of Fame inductee • Director for Miocene Metals, Royal Nickel, Frontline Gold 6

WALLBRIDGE SHAREHOLDERS 10% 15% 50% 10% 15% Sudbury High Net Worth Lonmin Plc Funds Insiders Others 7

PLATINUM GROUP ELEMENTS Why PGEs? 8

PLATINUM GROUP ELEMENTS ~282K Oz ~900K Oz • Global Urbanisation • Emissions Control Legislation • Infrastructure • Political Risk, Wage Pressure 9

DISCOVERY UPSIDE IN SUDBURY Production since 1886 10 active mines 2 active mills with capacity 2 active smelters Good mining culture Good infrastructure Skilled workforce • • • • • • • Sudbury Deposits*: • • • • 5-20 million tonnes 1-20% copper 1-5% nickel 1-30 g/t Platinum + Palladium + Gold (*Ames, GSC, 2007) 10

SUDBURY OPPORTUNITIES- PGE Sudbury Deposit Types (Target Size and Grade) FW - Massive Cu FW - Low Sulfide Offset Contact 2 - 10 Mt 2 - 10 Mt 2 - 10 Mt 15 - 20 Mt 7.7 g/t PGE + Au 7.3 % Cu 1.1 % Ni >5 g/t PGE + Au 1.0 % Cu 0.3 % Ni 3.6 g/t PGE + Au 1.3 % Cu 1.8 % Ni 1 g/t PGE + Au 1.3 % Cu 2.7 % Ni ~1.6 Moz PGE ~1.4 Moz PGE ~1.5 Moz PGE ~600 Koz PGE 11

SUDBURY OPPORTUNITIES- RECENT DISCOVERIES 19+ Moz PGEs in 20 years >15 deposits >120 Mt total tonnage ~4.8 g/t PGE + Au ~3.6 % Cu ~1.7 % Ni >1 M oz Examples 1. 2. 3. 4. 5. 6. 7. Capre Victoria McCreedy East FW Nickel Rim South Totten Mine Kelly Lake Victor Deep FW Resource Mt 9.0 14.5 6.8 13.0 10.1 11.4 6.16 Ni % ? 2.5 0.9 1.4 1.5 1.72 1.9 Cu % ? 2.5 9.9 3.1 1.97 7.41 6.2 Pt + Pd g/t ? 7.6 13.4 4.3 4.8 3.8 6.7 Pt + Pd Moz ? 3.5 2.9 1.8 1.6 1.4 1.3 12

WALLBRIDGE PROJECTS • 46 Properties total • 42 Properties in Sudbury • 11 Joint Ventures with – – – – • Impala Lonmin Xstrata Nickel Others Discovery Upside 13

WALLBRIDGE’S SUDBURY OPPORTUNITIES Property Stage Ownership Comment Potential Wisner Properties Feasibility, Drill Targets WM, WM-Xstrata, (Xstrata option) Broken Hammer, S&SW Occurrences, strong exploration potential over 10kms Several targets with potential for 2-10Mt Cu-PGEs above 1000 metres depth POJV - Implats Resource, Drill Targets WM, Implats, CBA (Xstrata option) Parkin Resource, Milnet 1500, Brady Zone Potential for 2-4Mt Ni-Cu-PGEs, including targets above 1000 metres depth East Range Occurrences, Drill Targets WM, WM-Xstrata (Xstrata Option) Amy Lake Occurrences, several conductors, strong exploration potential over 2kms Potential for 2-10Mt Cu-PGEs above 1000 metres depth Some advanced & some early stage, Potential for 2-10Mt Cu-PGEs and Ni-Cu-PGEs above 1000 metres depth SCJV - Lonmin Drill Targets WM (Lonmin option) Skynner Lake & Trill Lonmin Funding, earn-in at Indicated Resource NRJV - Lonmin Drill targets WM (Lonmin option) Currently funded by Lonmin, staged vesting to 2016 Early Stage. Several targets with potential for 2-10Mt Ni-Cu-PGEs above 1000 metres depth Other Sudbury Geology WM Annual assessment work requirement Very early stage 14

BROKEN HAMMER PROJECT 2013 RESERVE UPDATE (PROBABLE) TONNES CU 0.92 % NI 0.10 % PT 1.92 gpt PD 1.83 gpt AU 0.64 gpt AG open 196,600 6.02 gpt METAL PREFEASIBILITY STUDY RESULTS, October 2012 • • • • • EBITDA OF $8.4M CAPEX OF $1.9M NPV OF $6.0M Discounted at 8% Production rate of 750 Tonnes of ore per day Mine Life of 12 months PRICE RECOVERY CU $3.50 94% NI $9.00 58% PT $1,600 71% PD $650 85% AU $1,700 81% AG $35.00 63% CAD/US 1:1 15

WISNER JOINT VENTURE WITH LONMIN (PART OF NRJV) Wallbridge’s activities in 2013 • A New Joint Venture was formed whereby Lonmin would earn 50% after $6M cash & expenditure over three years • $2.0M funded by Lonmin Plc (Oct 2013 – Sept 2014 fiscal year) • Drilling and Geophysics proposed 16

WISNER JOINT VENTURE – BROKEN HAMMER EXTENSION Planned infrastructure 2011 Bulk Sample 2013 Resource Matrix 3D IP anomaly 2013 Pit Design DDH Intersects 17

WISNER JOINT VENTURE – BROKEN HAMMER DEPTH Broken Hammer WD-16 Matrix 3D IP Anomaly Titan IP Anomalies 500 m 18

SUDBURY CAMP JOINT VENTURE (SCJV) WITH LONMIN FW & Offset Dyke Targets: Skynner Lake Breccia, Mineralized Trill Offset Dyke Wallbridge’s activities in 2013 • Completed: 3,029 metres of drilling at Skynner Lake • USD $1.0M funded by Lonmin Plc (Oct 2012 – Sept 2013 fiscal year) • Drilling and Geophysics proposed at Skynner Lake & Trill for October Trill Showing Ni-Cu-PGE 2013 QD occurrence exposed by trenching Maple Ridge Ni-Cu-PGE Glencore UTEM 5 Surface EM survey underway 19

SUDBURY CAMP JOINT VENTURE (SCJV) WITH LONMIN Trill Showing • Discovered 2005 • 140 m mineralized trend • 6.41 g/t Pt+Pd+Au, 0.79 % Cu and 1.20 % Ni over 10.3 metres in WTR 012 • 8.11 g/t Pt+Pd+Au, 1.01 % Cu and 0.81 % Ni over 8.76 metres in WTR-028 20

SUDBURY CAMP JOINT VENTURE (SCJV) WITH LONMIN Technician for scale GR Brecciated GR QD IQD IQD SDBX QD N Trill Trench # 2 exposing bend in Trill Offset with Ni-Cu-PGE mineralization N984155 N984160 N984166 N984159 N984167 N984168 N984163 N984164 N984165 TPM ppm 8.93 2.49 1.38 0.90 0.37 0.15 0.01 0.01 0.01 Au ppm 0.50 0.33 0.06 0.05 0.02 0.01 0.00 0.00 0.01 Pt ppm 2.43 0.82 0.38 0.27 0.10 0.04 <0.005 <0.005 <0.005 Pd ppm 6.00 1.35 0.95 0.58 0.26 0.10 0.00 0.00 0.01 Ag ppm 5.68 11.30 0.35 1.69 0.24 0.49 0.14 0.20 0.67 Cu % 1.28 1.75 0.19 0.14 0.03 0.08 0.02 0.03 0.07 Ni % 0.43 0.41 0.10 0.07 0.02 0.07 0.00 0.01 0.01 S % 4.57 7.54 1.08 2.21 0.25 0.75 0.36 0.70 1.74 First grab/brick sample results taken from Trench # 2 • Channel sampling and detailed mapping underway • Drill testing of Ni-Cu-PGE mineralization and associated EM conductors to commence Mid-November 21

NORTH RANGE JOINT VENTURE (NRJV) WITH LONMIN • 384 km2 • Over 50 km strike length of Offset dykes • Only 28 short drill holes ~1 short hole per 13 km2 ~1 short hole every 1.8 km • Numerous mineralized occurrences • Unexplained Geophysics conductors 22

NORTH RANGE JOINT VENTURE (NRJV) WITH LONMIN Offset Dyke Targets: Over 50 km strike length of Offset dykes, new Ni-Cu-PGE occurrences, geophysics conductors Wallbridge’s activities in 2013 • Completed 2013: 920 kms airborne EM, 9.6 kms ground EM, 1,384 metres drilling • USD $1.0M funded by Lonmin Plc (Oct 2012 – Sept 2013 fiscal year) • USD $1.5M committed by Lonmin (Oct 2013 – Sept 2014 fiscal year) • Up to $8.8M Lonmin funding to 2016 • Linecutting for ground geophysics underway, drilling in 2014 23

NORTH RANGE JOINT VENTURE (NRJV) WITH LONMIN Offset Dyke Targets:  Over 2.5 km strike length of Offset dykes  New Ni-Cu-PGE occurrences  Geophysics conductors Wallbridge’s activities in 2013 • Completed 2013: • 86 kms airborne EM • 1,117 metres drilling • Ground geophysics and drilling in 2014 FOY NORTH Ground EM Grid 1.2m 0.6 g/t TPM, 0.6 % Cu + Ni 4m 0.26g/t TPM Including: 1m 0.7g/t TPM 0.5 % Cu + Ni 2013 Airborne EM Conductors 0.42 g/t TPM, 0.35 % Cu + Ni 24

PARKIN OFFSET JOINT VENTURE (POJV) WITH IMPALA PLATINUM Offset Dyke Targets: Parkin Resource, Milnet Mine, Milnet 1500 Zone Wallbridge’s activities in 2013 • $1.0 million 2013-2014 exploration approved by JV Management Committee. • Implats has elected to not participate in the 2013-2014 program. • Wallbridge is implementing a reduced program 25

WALLBRIDGE SPIN-OUT EQUITY INTERESTS • 2005 Spin-out of Minnesota Projects • 2010 Spin-out of BC Projects • 10.1 M shares (8.1%) DM:TSX • 28.4 M shares (40.5%) MII:TSX.V – Participation right to 15.67% through certain future issuances 26

Duluth Metals Limited Spin-Out Dec 2012 Updated Resource, contained metals METAL INDICATED RESOURCES INFERRED RESOURCES Copper Nickel 13.7 Billion lbs. 4.4 Billion lbs. 11.8 Billion lbs. 4.0 Billion lbs. Platinum Palladium Gold 5.6 Million ozs. 12.6 Million ozs. 3.0 Million ozs. 3.5 Million ozs. 7.6 Million ozs. 1.7 Million ozs. Wallbridge currently owns 8.1% of Duluth Metals 27

Duluth Metals Limited Spin-Out • Significant Value Driver for Wallbridge Shareholders • Twin Metals Minnesota (TMM) JV with Antofagasta Plc – – • The world’s largest undeveloped Cu-Ni-PGE deposit outside of South Africa Joint Venture with Antofagasta Plc who would earn 40% of the project by completing the Bankable Feasibility Study. At BFS, Antofagasta may earn an additional 25% by paying DM 25% of NPV calculated at 10% discount Duluth Metals Upside – – – Potential takeover target as net present value of the Twin Metals Project becomes better defined as Feasibility Study progresses Exploration potential in 37,000 acres of exploration interests outside of Twin Metals spin-out Discovery of two new mineralized zones in January 2013 on Duluth’s 100% owned properties 28

MIOCENE METALS LIMITED SPIN-OUT • August 2011 IPO: MII:TSX.V – • Porphyry Cu-Au-Mo projects in SW BC – – – • Rogers Creek: Cu, Au Salal: Moly MacKenzie: Cu, Au Miocene age Cascade Magmatic Arc – – • Future value driver for Wallbridge Very large deposits on USA side Similar to copper-gold belts in Chile, Peru, USA, Indonesia and Papua New Guinea (e.g., El Teniente, Chuquicamata, Grasberg, Bingham Canyon) Excellent infrastructure 29

WALLBRIDGE PERFORMANCE VS. SUDBURY PEERS 450% 5-YR. SHARE PERFORMANCE VS. PEERS (to September 30, 2013) 400% WM 350% DM MUM FNI LBE S&P TSX GLOBAL MINING INDEX TSXV composite Index 300% 250% 200% 150% 100% 50% 0% -50% September-13 March-13 September-12 March-12 September-11 March-11 September-10 March-10 September-09 -200% March-09 -150% September-08 -100% 30

WALLBRIDGE HIGHLIGHTS & PLANS • Broken Hammer Prefeasibility Study Completed Oct 2012 • Broken Hammer Permitting 2013 • Broken Hammer Production Decision 2013 • Review, Drilling and Geophysics at the Parkin Offset JV Reduced 2014 Program underway • Drilling and exploration, Sudbury Camp JV with Lonmin 2014 Program Started • Drilling and exploration of 50+ kms of recently discovered Offset dykes 2014 Program Started • Reviewing new opportunities to leverage assets for growth Ongoing 31

THE WALLBRIDGE OPPORTUNITY • Exposure to a basket of high demand commodities in North America – – – – – Copper Platinum, Palladium Gold Molybdenum Nickel • Immediate discovery upside in Sudbury • Underlying value and growth potential in Duluth Metals shares • Blue sky discovery potential in Miocene Metals shares 32

FOR FURTHER INFORMATION Joshua Bailey, VP Exploration 705-682-9297, ext. 240 jbailey@wallbridgemining.com Linda Zubal, VP, Corporate Communications 705-682-9297, ext. 263 lzubal@wallbridgemining.com

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