Platinum Group Elements, Copper and Nickel in Sudbury, Ontario Canada s Premier Mining District June 2012
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 Sustainable growth through discovery and development of mineral resources Platinum, palladium, copper, nickel, gold projects Mining friendly jurisdictions of North America Particular focus on Sudbury, Ontario Unique large-scale discovery potential in Canada s premier mining district Successful project generator: Joint ventures and spin-outs 48 mineral projects from grassroots exploration to pre-feasibility stage 12 joint ventures with Impala, Lonmin Plc, Xstrata Nickel and others Equity interests in Duluth Metals Limited (DM:TSX) and Miocene Metals Limited (MII:TSV) 3
Financial Overview (June 1, 2012) Issued and Outstanding 153.9 M Options (Average price $0.19 ) 15.4 M Warrants ($0.40) 10.1 M Fully Diluted 179.4 M $0.14 per share 52 week range $0.12 - $0.25 Average daily volume in 2012 81,000 Market Capitalization $ 21.5 M $60.0 $55.0 $50.0 $45.0 $40.0 $35.0 millions Exploration Properties DM Shares ($2.03 per share) $ 20.5 M MII Shares ($0.07 per share) $ 2.0 M JV Partner Commitments * $ 0.9 M Other JV partner commitments ** $ 2.0 M Approximate Cash*** $ 2.0 M Net Bulk Sample Proceeds **** $ 3.1 M Total Assets $ 30.5 M $30.0 $25.0 $20.0 $15.0 $10.0 WM Market Cap Bulk Sample Cash JV Commitments MII:TSX.V DM:TSX *Only partner commitments which are firm at this time **JV partner commitments to be firmed up after JV meetings (Impala & Lonmin) *** Net of payables and receivables. ****Estimate is contingent on metal prices in month of accountability $5.0 $0.0 WM Market Cap Assets 4
Management Alar Soever Executive Chairman & Director Professional Geologist with +30 yrs. experience Chairman Miocene Metals Director for Duluth Metals Previously with Watts, Griffis, and McOuat Limited Marz Kord President & CEO Mining Engineer with +25 yrs. experience in mining Previously with Genivar Consultants, Falconbridge Mary Montgomery, CA, Chief Financial Officer Chartered Accountant Previously with BLM Joshua Bailey, VP Exploration Professional Geologist with +10 yrs. experience President of SPDA, Director for OPA and OEC 5
Directors Warren Holmes: +40 yrs. experience in mining Vice chairman Atlanta Gold Inc. Director for HudBay Minerals, Foraco International, Nuinsco Resources and Atlanta Gold Previously with Noranda and Falconbridge Parviz Farsangi: Mining Engineer with +25 yrs. experience CEO of Scorpio Mining Director for Miocene Metals, Scorpio Gold & INV Metals Previously COO with Vale, President of Gramecy Alumina, and GM of Falconbridge Roland Horst +35 yrs. experience as investment banker CEO of C Bay and Director of Victory Nickel Previously with many public and private companies involved in mining and exploration Rene Galipeau +30 yrs. experience in mining CEO of Victory nickel and Director of Nuinsco Resources, Victory Nickel and KWG Resources Previously with Breakwater Resources, HudBay Minerals, Lac Minerals, Rio Algom Darryl Sittler Former NHL player and 1989 Hall of Fame inductee Self-employed Businessman Director for Miocene Metals, Royal Nickel, Frontline Gold Jon A. McBride Former fighter pilot Shuttle astronaut (piloted the 1984 8-day orbiter challenger space mission) CEO of Advanced Training Systems International, Mesa, Arizona 6
Wallbridge Shareholders Sudbury High Net Worth ~ 10% Lonmin Plc 16% Funds 9% Sprott Matrix Funds US Global Investors Precious Minerals Crest Street Pathway Explorer Stone Asset Management Management and Directors 4% Victory Nickel 3% Identified Shareholders (>100K shares) 11% Identified Shareholders (<100K shares) 13% Other 34% 7
Wallbridge Mining- Core Assets 8
Sudbury: Canada s Premier Mining District Production since 1886 11 active mines 2 mills 2 smelters Mining Culture Infrastructure Workforce 9
Discovery Upside in Sudbury Recent Discoveries: Sudbury Deposits*: 5-20 million tonnes 1-20% copper 1-5% nickel 1-30 g/t Platinum + Palladium + Gold (*Ames, GSC, 2007) 10
Wallbridge Projects 48 Properties total 42 Properties in Sudbury 12 Joint Ventures: Impala JV Lonmin JV Xstrata Nickel JVs Other JVs Discovery Upside 11
Broken Hammer Development UPDATED RESOURCE June 2012 231,100 Tonnes Indicated Copper 0.92 % Nickel 0.09 % Platinum 2.01 gpt Palladium 1.90 gpt Gold 0.71 gpt 2011 Bulk Sample 2012 Resource 2011: Bulk Sample -30,000+ tonnes processed at Xstrata s Mill -Net proceeds 3.0M or $98/Tonne 2012: Pre-Feasibility Study (Q3) Permitting, F.S. Production decision Exploration upside 12
Wallbridge - Impala Parkin Offset Joint Venture 13
Parkin Offset Exploration Upside 14
East Range Project Area Very Active Area Xstrata Nickel Rim South Vale Victor Deep Lonmin/Vale Capre 3000 Xstrata & Vale near Ella Lake FNX s Podolsky Mine Wallbridge Drilling & Geophysics Amy Lake PGE-copper at Wallbridge Xstrata Frost Lake JV Conductors & IP Anomalies in Sudbury Breccia at Skynner Lake Lonmin JV 15
North Range Project Area 46.5 kms of new offset dykes discovered by Wallbridge Unique large scale discovery upside in the Sudbury basin: Canada s most established mining district Drill targets Lonmin has exercised their option to JV all 14 properties 16
WM Performance vs. World s top 5 mining companies 20.00% WM BHP VALE RIO TINTO XSTRATA ANGLO AMERICAN 10.00% 0.00% -10.00% -20.00% -30.00% -40.00% -50.00% Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-1 17
10/10/2006 12/10/2006 2/10/2007 4/10/2007 6/10/2007 8/10/2007 10/10/2007 12/10/2007 2/10/2008 4/10/2008 6/10/2008 8/10/2008 10/10/2008 12/10/2008 2/10/2009 4/10/2009 6/10/2009 8/10/2009 10/10/2009 12/10/2009 2/10/2010 4/10/2010 6/10/2010 8/10/2010 10/10/2010 12/10/2010 2/10/2011 4/10/2011 6/10/2011 8/10/2011 10/10/2011 12/10/2011 2/10/2012 Wallbridge Performance vs. Sudbury Peers 400% WM WM+DM+MII QUADRA FNX FIRST NICKEL LIBERTY CaNICKEL PFN URSA 300% 200% 100% 0% -100% -200% 18
Wallbridge Spin-Out Equity Interests 2005 Spin-out of Minnesota Projects 10.1 M shares (8.1%) DM:TSX Participation right to 15.67% through certain future issuances 2010 Spin-out of BC Projects 28.4 M shares (43%) MII:TSX.V Worth $2.0 M (June 1, 2012) Worth $20.5 M (June 1, 2012) 19
Duluth Metals Limited Spin-Out October 2009 containedmetals June 2012 contained metals 20
Duluth Metals Limited Spin-Out Significant Value Driver for Wallbridge Shareholders Twin Metals Minnesota (TMM) JV with Antofagasta Plc One of world s largest undeveloped Cu-Ni-PGE projects Antofagasta to spend $130 M and complete BFS to earn 40% At BFS, Antofagasta may buy additional 25% at value using 10% discount March 2011 Acquisition of Franconia Minerals expands TMM project August 2011 Spin-out of exploration interests into Duluth Exploration Limited (DEL) 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 spun-out into DEL 21
Miocene Metals Limited Spin-Out August 2011 IPO: MII:TSX.V Future value driver for Wallbridge Porphyry Cu-Au-Mo projects in SW BC: Rogers Creek: Cu, Au Salal: Moly MacKenzie: Cu, Au Mount Barr, Custer Ridge, Sunshine, Shulaps Miocene age Cascade Magmatic Arc 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 22
Wallbridge 2011 Achievements Broken Hammer 30,000 tonne bulk sample, net proceeds of about $3.0M. 8.0 metres of 4.32 g/t TPM, 4.11 % nickel, and 0.60 % copper at Milnet 1500 zone, Milnet Mine, Parkin Offset Joint Venture with Impala Re-negotiated Parkin Offset JV, increased Impalas earn-in to $6.2M Secured $1.0M from Lonmin for 2012 exploration, Sudbury Camp Joint Venture projects Negotiated Lonmin Private Placement Extended Offset dykes discovered to 46.5 kms Miocene Metals Limited (MII:TSX.V) IPO/listing August 2011 Booth River nickel, copper and PGE acquisition in Nunavut 23
Wallbridge 2012 Objectives Feasibility studies, permitting and production decision at Broken Hammer 15,000+ metres drilling in Sudbury area Follow-up drilling near Milnet Mine, Parkin Offset JV with Impala Drilling and exploration, Sudbury Camp JV with Lonmin Drilling and exploration of 46.5 kms of recently discovered Offset dykes, Geophysics and drilling in Amy Lake Sudbury breccia belt on East Range Ground geophysics, Booth River Ni-Cu-PGE project, Nunavut, seeking JV Partner Reviewing new opportunities to leverage assets for growth 24
The Wallbridge Opportunity Exposure to a basket of high demand commodities in North America Copper Platinum, Palladium Molybdenum Nickel Gold Immediate discovery upside in Sudbury Underlying value and growth potential in Duluth Metals shares Blue sky discovery potential in Miocene Metals shares 25
For Further Information: Joshua Bailey VP Exploration 705-682-9297 ext. 240 jbailey@wallbridgemining.com Linda Zubal Director, Corporate Communications 705-682-9297 ext. 263 lzubal@wallbridgemining.com 26