Attention Business Editors:

Wallbridge Announces $2.7 Million Program for Xstrata Nickel JV Properties

     TORONTO, April 23 /CNW/ - Wallbridge Mining Company Limited (TSX:WM;
FWB:�WC7) today announced that a budget of $2.7 million has been approved for
2008 for work on three properties held in joint venture with the world's
fourth largest refined nickel producer, Xstrata Nickel. The Wisner, Frost Lake
and Graham Joint Venture Properties are located in Sudbury, part of the
largest nickel-copper producing district in the world.
     "We are pleased to continue Joint Venture exploration on these
strategically located properties and have a solid partnership with Xstrata
Nickel. The monies allocated will allow us to continue copper-nickel-PGE
exploration on three properties that have previous mineralization
discoveries." stated Alar Soever, President of Wallbridge Mining. "The
majority of the funds will be spent on 6250 metres drilling targets on these
properties."
     Frost Lake Property:
     A $1.8 million budget has been approved for the Frost Lake property. The
property is strategically located in the footwall on the East Range of the
Sudbury Basin, adjacent to the Capre 3000 Cu-Ni-PGE Zone discovery announced
by the Vale Inco/Lonmin Plc joint venture in January 23, 2007. The 2008
exploration program includes up to 2800 metres of drilling to test the belt of
Sudbury Breccia that hosts an extensive zone of low-sulphide PGE
mineralization discovered by Wallbridge in 2005 called the Amy Lake PGE Zone
(see Press Release dated December 6, 2005). The Amy Lake Zone is in the same
belt of rocks, which hosts the Capre 3000 Discovery Zone located just
600�metres south of Wallbridge's property boundary.
     The footwall to the Capre Lake Embayment will be drill tested with a
1200m borehole and surveyed with downhole (BHUTEM) and between hole (RIM)
geophysical surveys. The Capre Lake embayment hosts Vale Inco Limited's Capre
Lake occurrence, a zone of contact-style Ni-Cu-sulphide mineralization, which
lies immediately west of the Capre 3000 Zone, a Cu-Ni-PGE discovery announced
by the Vale Inco/Lonmin Plc joint venture in January 2007. Within the same
area, Wallbridge recently announced a three-way joint venture (see Press
Release dated March 27, 2008) with Vale Inco and Xstrata Nickel that will
explore prospective ground immediately adjacent to the Capre 3000 Zone.
     A 20 line kilometre surface electro-magnetic survey will be completed to
guide drilling on the nickel-copper mineralization discovered in 2006 by
Wallbridge (see press release dated April 5, 2006) in an ultramafic body
800�metres north of the Amy Lake PGE Zone.
     The Frost Lake Property is a joint venture between Wallbridge and Xstrata
Nickel, with each company holding a 50% interest with Wallbridge as the
Operator.
     Wisner Property:
     A $0.7 million program has been approved for up to 2250 metres of
drilling to test geophysical Titan 24 DCIP/MT and conventional IP as well as
geological targets on the Wisner property. The Wisner property is located on
the North Range of the Sudbury Basin and covers in excess of nine kilometres
of highly prospective ground in the footwall to the Wisner Embayment.
Mineralization occurs as stringers and irregular pods of Cu-Ni-PGE-rich
sulphides hosted in irregular, altered zones of Sudbury Breccia at the South
and Southwest Area showings (see press release dated May 30, 2006). The
majority of drilling will test deep targets in the area of the Southwest Zone,
which is located approximately 2.3 kilometres west of Wallbridge's Broken
Hammer deposit. Shallow drilling of targets 700 metres southeast and
1.7�kilometres east of the Broken Hammer deposit will test coincident
geophysical and rock geochemical anomalies.
     At present Wallbridge has a 73.4% interest in the Wisner joint venture
property, with Xstrata Nickel owning the remaining 26.6% with Wallbridge
continuing as operator.
     Graham Property:
     The Graham property is located in the South Range of the Sudbury Basin
about 3.2 kilometres south of Vale Inco's Creighton Mine, which has been in
production for over 100 years. The approved $149,000 summer exploration
program will be aimed at developing drill targets in hydrothermally altered
zones of Sudbury Breccia and melt pods similar to those that host large
tonnage Ni-Cu-sulphide bodies at Vale Inco's Frood Stobie Mine complex located
18 kilometres to the east. In addition, a number of airborne electro-magnetic
targets remain to be ground-truthed on the property to the north of Nickel
Hill. Previous recent exploration on the Graham property by Wallbridge
discovered extensive zones of Sudbury Breccia up to 70 metres wide and
1.2�kilometres in strike length and drill-tested deep AMT geophysical targets.
     Wallbridge has a 66.8% interest in the Graham joint venture property,
with Xstrata Nickel owning the remaining 33.2%; Wallbridge is operator.
     About Wallbridge Mining
     Wallbridge Mining Company Limited 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
of 10 million shares in Duluth Metals Limited, which has a significant
property position including the Nokomis Deposit in the rapidly emerging Duluth
Complex base metal camp in Minnesota.
     About Xstrata Nickel
     Xstrata Nickel, headquartered in Toronto, Canada, is one of Xstrata
Group's global commodity businesses, comprising five mines and processing
facilities in Ontario and Quebec, Canada; a ferronickel mine and processing
facility in Bonao, Dominican Republic; a high-grade sulphide mine and
processing facility in Western Australia and a refinery in Kristiansand,
Norway. Xstrata Nickel has a significant portfolio of growth projects,
including Koniambo in New Caledonia, Nickel Rim South in Canada, Kabanga in
Tanzania, Araguaia in Brazil and Sinclair in Australia. Xstrata Nickel is the
world's fourth largest nickel producer, with annual managed production of more
than 116,000 tonnes of refined nickel.
     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.
     %SEDAR: 00010252E

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) 710-0646, Email: mstrazdins@wallbridgemining.com