Wallbridge Mining and Lonmin Approve $1.5 million for 2009 Sudbury Camp Joint Venture Exploration Program

     TORONTO, Dec. 8 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB:
WC7) today announced that Wallbridge and its joint venture partner major
platinum producer Lonmin Plc, have approved C$1.5 million of funding to carry
out the 2009 work program on the Wallbridge/Lonmin Sudbury Camp Joint Venture
("SCJV") properties. The funding provides for approximately 3,700 metres of
Diamond drilling and other exploration work for the period from October 1st,
2008 to September 30th, 2009.
     "We are very pleased that Lonmin is again participating in our
exploration efforts in Sudbury", stated Alar Soever, President of Wallbridge.
"This will allow us to further advance these properties, in spite of the
current difficult economic environment."
     Wallbridge and Lonmin formed the SCJV in January 2002 to explore a number
of properties in the Sudbury area for platinum group metals, as well as copper
and nickel. The 2008 Exploration Program is focused on target areas on the
Skynner Lake, Trill, Foy, and Cascaden properties which have geophysical
targets coincident with favourable geology. Lonmin and Wallbridge will both
contribute funds to the exploration program, with Lonmin contributing C$1.1
million, and Wallbridge contributing C$0.4 million.
     The Qualified Person responsible for the technical content of this press
release is Bruce Jago, PhD. P.Geo, Vice-President, Exploration of Wallbridge
Mining Company Limited.

     About Wallbridge Mining

     Wallbridge Mining Company Limited primarily explores for and develops
nickel, copper and platinum group element ("PGE") deposits. The Company's
principal properties are located in the Sudbury Basin in Ontario. The Sudbury
area hosts the world's largest concentration of nickel deposits and is
currently the most active mining camp in North America. Wallbridge also has a
major shareholding in Duluth Metals Limited, which has a significant property
position in the rapidly emerging Duluth Complex base metal camp in Minnesota.
Wallbridge is also exploring a large porphyry copper-gold-molybdenum property
in south-western British Columbia.

     This document may contain forward-looking statements relating to
Wallbridge'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 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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For further information: Please visit the Company's website at
www.wallbridgemining.com, or contact: Wallbridge Mining Company Limited, Alar
Soever, President, Tel: (705) 682-9297, Email:
asoever@wallbridgemining.com; Mara Strazdins, Vice-President, Investor
Relations, Tel: (416) 369-1500 ext 222, Email:
mstrazdins@wallbridgemining.com