Parkin Offset Properties Sudbury, Ontario May 11, 2015
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
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 Resource Ni Cu Pt + Pd Pt + Pd Mt % % g/t Moz 1. Capre 9.0???? 2. Victoria 14.5 2.5 2.5 7.6 3.5 3. McCreedy East FW 6.8 0.9 9.9 13.4 2.9 4. Nickel Rim South 13.0 1.4 3.1 4.3 1.8 5. Totten Mine 10.1 1.5 1.97 4.8 1.6 6. Kelly Lake 11.4 1.72 1.41 3.8 1.4 7. Victor Deep FW 6.16 1.9 6.2 6.7 1.3 These estimates are based on from publicly available 3rd party information; specific references can be made available on request. Wallbridge is not able to confirm the accuracy of this information although it is believed to be conservative. General information regarding the Sudbury district is not indicative of mineralization on Wallbridge properties. 3
PARKIN PROPERTIES 1999 Acquisition from Glencore (then Falconbridge) 2002 Initial Parkin Resource Estimate 2006 Re-negotiate terms of Falconbridge Agreement to Secure 98.5% Interest 2008 Parkin Offset Joint Venture with Implats Amalgamation of historically fragmented 9.5 km strike length of Parkin Offset dyke Significant Shallow Intersections Beneath Parkin Resource Deep platform holes 2009 High-Grade Milnet 1500 Zone Discovery Focus of project through 2012 2012 Implats Vest 50% after spending $7.2 million 2013 & 2014 Reduced Programs Comprehensive geological and geophysical modelling 2015 Refocus on Shallow Resource Expansion Potential Wallbridge secures option to purchase Implats 49.6% interest 2000 metre drilling program completed by Wallbridge (April 9, 2015 press release) Every hole hits mineralization, borehole geophysics indicates lateral extent 4
PARKIN OVERVIEW 9.5 kms Parkin Offset Dyke Past Producing Milnet Mine Parkin Resource at Surface Shallow expansion potential -High grade intersections beneath surface resource with off-hole targets (see next slide) Milnet 1500 Zone -High grade massive sulphide intersections High Grade Brady Showing 6
PARKIN LONGITUDINAL 7
OFFSET DYKE DEPOSIT TYPE Ni-Cu-PGM Deposits of Massive Sulfide Hosted in Quartz Diorite Offset Dykes ~1/3 of all ore ever mined in Sudbury Targeting Criteria Proximity of Known Deposits or Mineralization EM Conductors IQD/MTBX Rock Units Structural Traps Proximity to SIC (?) Exploration Approach Mapping for Offset Dykes Ground EM Geophysics Drilling Borehole EM Geophysics 8
MILNET 1500 ZONE 9
PARKIN OVERVIEW Historical Production at Milnet Mine: 157,130 tons @ 1.49% Ni, 1.54% Cu, 2.26g/t Pt and 2.98g/t Pd (Meyn, 1970) Parkin Resource: 10
NEAR SURFACE RESOURCE EXPANSION POTENTIAL 11
SIGNIFICANT INTERSECTIONS Significant Intersections in the Parkin Resource Hole From (m) To (m) Length (m) Cu (%) Ni (%) Pt (g/t) Pd (g/t) Au (g/t) CuNi (%) TPM (g/t) H.T. Width (m) WMP-010 32.9 50.97 18.07 1.16 1.19 0.78 1.96 0.27 2.35 3.01 11.7 WMP-012 22.7 28.9 6.2 1.1 0.94 0.97 0.76 0.28 2.04 2.01 4.1 WMP-020 6.43 20.2 13.77 1.57 0.16 1.67 1.52 1.7 1.73 4.89 10.6 WMP-026 10.17 14.75 4.58 2.27 0.9 1.28 1.32 0.35 3.17 2.95 3.5 WMP-067 49 58.7 9.7 1.04 0.51 1.65 1.32 0.57 1.55 3.54 6.3 WMP-009 89.86 92.57 2.7 0.63 0.22 1.92 1.07 4.5 0.85 7.49 1.8 WMP-009 94.86 104 9.14 0.45 0.14 3.17 2.1 1.07 0.59 6.34 6 WMP-103 60.94 63.98 3.04 1.02 2 1.28 1.31 0.23 3.02 2.82 2 WMP-110 99.1 103.2 4.1 1.07 1.12 0.63 1.12 0.17 2.19 1.92 3.4 WMP-111 104.81 115.13 10.32 1.03 0.79 0.49 0.88 0.28 1.82 1.65 7.8 WMP-002 82.62 97.55 14.93 1.38 0.36 2.01 1.84 0.74 1.74 4.59 0.6 WMP-117 113.48 116.81 3.33 0.95 0.15 2.42 2.67 0.74 1.1 5.83 2 Significant Intersections below the Parkin Resource Hole From (m) To (m) Length (m) Cu (%) Ni (%) Pt (g/t) Pd (g/t) Au (g/t) CuNi (%) TPM (g/t) P-058 344 345.65 1.65 1.9 1.02 2.18 1.55 1.14 2.92 4.87 WMP-099 166 167.95 1.95 1.12 1.49 0.88 1.26 0.12 2.61 2.26 WMP-100 247.02 248.77 1.75 0.26 0.25 0.29 0.55 0.15 0.51 0.99 WMP-101 117.59 120.02 2.43 1.50 0.40 1.55 0.84 0.33 1.90 2.73 WMP-113 228.5 234.67 6.17 1.01 0.92 1.16 2.06 0.39 1.93 3.61 WMP-131 190.5 193.76 3.26 3.01 0.68 1.04 2.13 0.17 3.69 3.35 WMP-133 234.87 236.87 2 0.36 0.27 0.43 0.88 0.45 0.63 1.76 WMP-134 230.93 237.95 7.02 0.66 0.64 0.82 1.24 0.25 1.30 2.31 12
2015 DRILLING RESULTS (PRESS RELEASE APRIL 9, 2015) Drill Hole From (m) To (m) Length * (m) Ni (%) Cu (%) TPM** (g/t) WMP-138 244.22 247.39 3.17 0.25 0.27 0.94 0.31 0.49 0.14 WMP-139 500.52 504.54 4.02 0.69 2.96 2.31 1.51 0.44 0.36 Including 500.52 502.02 1.50 1.19 2.80 3.13 2.49 0.38 0.26 Pt (g/t) Pd (g/t) And 518.44 524.20 5.76 0.18 0.54 1.38 0.65 0.45 0.28 Including 519.85 521.35 1.50 0.27 0.88 2.63 1.40 0.89 0.34 WMP-140 255.36 258.26 2.90 0.17 0.71 4.05 1.33 2.42 0.07 Including 255.36 256.06 0.70 0.53 2.64 15.29 5.19 9.13 0.97 WMP-141 438.02 438.61 0.59 1.22 0.05 0.26 0.16 0.05 0.05 And 464.50 491.43 26.93 0.50 0.41 1.02 0.40 0.33 0.29 Including 464.50 476.10 11.60 0.81 0.61 1.11 0.49 0.49 0.12 And 489.18 491.43 2.25 1.16 0.96 4.58 1.51 0.66 2.41 *Drill core length. Horizontal width perpendicular to the Parkin Offset dyke is approximately 60% of the drill core length. **Total precious metals ( TPM ) equals Pt + Pd + Au Au (g/t) 13
MILNET 1500 ZONE Mineralisation & geophysics define 400 x 35-60 metre zone and open. WMM-014: 8.00g/t TPM, 2.57% Cu, & 0.78% Ni 14.24 m WMM-014-W1: 2.46g/t TPM, 0.96% Cu, & 0.44% Ni 12.66 m WMM-014-W2: 2.11g/t TPM, 1.05% Cu, & 0.72% Ni 8.00 m 4.61g/t TPM, 0.42% Cu, & 1.55% Ni 1.47 m WMM-015: 0.20g/t TPM, 0.09% Cu, & 0.09% Ni 23.10 m WMM-015-W2: 4.32g/t TPM, 0.60% Cu, & 4.11% Ni 8.0 m WMM-018-W3: 1.85g/t TPM, 0.73% Cu, & 0.33% Ni 12.85m WMM-018-W4 missed the zone, Off-hole EM extends zone 14