Producing and Exploring in Sudbury, Canada s Premier Mining District Platinum, Palladium, Copper, Nickel and Gold March 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
THE WALLBRIDGE OPPORTUNITY Secure Mining Jurisdiction- Surrounded by Polymetallic (PGM, nickel, copper and gold) Producing Mines Currently a Small Producer Generating Cash Flow Broken Hammer open pit- expected cash flow of $6M in 2015 Track Record of Creating Shareholder Value Through Spin-outs and Joint Venture Partnerships 11 joint ventures with more than $5M annual exploration expenditures funded solely by joint venture partners in the last two years Duluth Metals (recently sold to Antofagasta) and Miocene Resources (currently in RTO/Merger with Carube Resources) Industry Leading Management team from major Ontario Mine Developers and Producers SHARE STRUCTURE Issued & Outstanding Options Warrants & Compensation Options RSU s & DSU s 167.2 M 16.5 M 7.5 M 4.5 M Well Financed with secure JV Partners Providing Project Financing Fully Diluted 195.7 M Broken Hammer Open Pit Mine, Sudbury, Ontario, Canada 3
DISCIPLINED SPENDING, JV FUNDING, EFFICIENT DRILLING 4
MANAGEMENT AND DIRECTORS MANAGEMENT ALAR SOEVER Executive Chairman and Director Professional Geologist +30 yrs. experience Chairman Miocene Metals MARZ KORD President and CEO Mining Engineer +25 yrs. experience in mining Previously EVP for Genivar Consultants, Falconbridge MARY MONTGOMERY, CPA, CA CFO Held senior positions with a number of companies associated with the mining industry in Sudbury JOSHUA BAILEY Vice President Exploration Professional Geologist +15 yrs. experience President of the Sudbury Prospectors and Developers Association WARREN HOLMES DIRECTORS Mining executive with +40 yrs. experience in mining Director for HudBay Minerals, Atlanta Gold, Foraco International PARVIZ FARSANGI Mining executive with +25 yrs. experience CEO of Canadian Royalties Director for Miocene Metals, INV Metals ROLAND HORST +35 yrs. experience as investment banker Previously CEO of C Bay and Director of Victory Nickel RENE GALIPEAU +30 yrs. experience in mining CEO of Victory nickel 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 ELAINE ELLINGHAM Professional Geologist with +30 years of experience Lead Director for Richmont Mines Director for Aurania Resources Ltd. and Williams Creek Gold 5
SUDBURY METAL ENDOWMENT 1.648 billion tonnes 1.08% Cu 1.20% Ni 1.17 g/t PGMs 44 billion lbs. Ni 40 billion lbs. Cu 62 million oz. PGMs New Discoveries: ~19+ Million Oz of PGMs since ~1990* Recent Discoveries Resource Ni Cu Pt + Pd Pt + Pd **Approx. In-Situ Value >1M+ Ounces of PGEs* Mt % % g/t Moz $ Victoria 14.5 2.5 2.5 7.6 3.5 > $13 billion McCreedy East FW 6.8 0.9 9.9 13.4 2.9 > $9 billion Nickel Rim South 13.0 1.4 3.1 4.3 1.8 > $8 billion Totten Mine 10.1 1.5 1.97 4.8 1.6 > $6 billion Kelly Lake 11.4 1.72 1.41 3.8 1.4 > $6 billion Victor Deep FW 6.16 1.9 6.2 6.7 1.3 > $6 billion *3 rd party mineral resources information is from publicly available documents, Wallbridge can not confirm the accuracy of this information. **$9.00/lb nickel, $3.00/lb copper, $1,600/oz Platinum, $750/oz palladium, $1,300/oz gold, $20/oz silver, $13/lb cobalt 6
BROKEN HAMMER OPERATION open FORECASTED CASHFLOW ('000 CAD) TOTAL REVENUE $ 38,952 TOTAL COSTS INCL. CAPITAL & ROYALTIES $ 33,305 NET CASHFLOW $ 5,647 2014 RESERVE UPDATE (BASED ON CURRENT MINING) TONNES 193,152 CU 0.95 % NI 0.10 % PT PD AU AG 2.16 g/t 1.96 gpt 0.65 g/t 6.69 g/t The Qualified Person for the Broken Hammer updated reserve estimate is Mr. Marz Kord, P. Eng., President & CEO for Wallbridge. The updated Mineral Reserve estimate is based on updated economic inputs and does not represent a material difference from the previous Mineral Reserves estimated by RPA Inc.(see Press Release dated September 18, 2013). FORECASTED REVENUE ('000 CAD) COPPER $ 11,377 NICKEL $ - GOLD $ 4,409 SILVER $ 411 PLATINUM $ 15,193 PALLADIUM $ 7,561 TOTAL REVENUE $ 38,952 FORECASTED COSTS ('000 CAD) METAL PRICE RECOVERY Mining incl. G&A $ 10,650 COPPER $ 3.25 86.2% NICKEL $ 8.00 48.2% Crushing & Hauling $ 8,058 GOLD $ 1,310 84.8% Processing $ 11,776 SILVER $ 21 63.6% Royalties $ 1,277 PLATINUM $ 1,500 82.5% Capital Expenditures $ 1,543 PALLADIUM $ 850 80.3% TOTAL COSTS $ 33,305 CAD/US 1.07:1 7
BROKEN HAMMER OPERATION OCTOBER 2014 FEBRUARY 2015 8
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 9
PARKIN OFFSET PROPERTY 9.5 kms Parkin Offset Dyke Amalgamated Historically Fragmented Holdings Past Producing Milnet Mine 157,130 tons, 1.49% Ni, 1.54% Cu, 5.24 g/t PGMs Parkin Resource (WGM, 2002) Total Indicated: 264,000 t, 0.70% Cu, 0.65% Ni, 1.64 g/t PGM + Au Total Inferred: 87,000 t, 0.70% Cu, 0.40% Ni, 2.8 g/t PGM + Au Shallow Expansion Potential -High Grade Intersections Beneath Current Resource -Numerous Untested Off-hole EM Conductors Milnet 1500 Zone WMM-014: WMM-015-W2: 8.00g/t TPM, 2.57% Cu, 0.78% Ni over 14.24 m 4.32g/t TPM, 0.60% Cu, 4.11% Ni over 8.00 m High Grade Brady Showing 11.2% Cu, 0.60% Ni, 15.1 g/t TPM in 2.7 m channel sample 10
RESOURCE EXPANSION POTENTIAL AT SHALLOW DEPTHS Significant Intersections Untested Off-hole Conductors Shallow Depths Beneath Existing Surface Resource 11
CONTACT DEPOSIT TYPE Ni-Cu-PGM Deposits of Massive Sulfide Hosted in Sublayer Embayments at the Base of the Sudbury Igneous Complex (SIC) Traditional Ni Deposits Often Coupled with FW Deposits Targeting Criteria Proximity of Known Deposits or Mineralization Sublayer Embayment Structures EM Conductors Thickness of Overlying Norite Exploration Approach Ground EM Geophysics Drilling Borehole EM Geophysics 12
WINDY LAKE PROPERTY SUDBURY CAMP JOINT VENTURE WITH LONMIN PLC On strike from the Onaping- Levack Complex Mineralized Embayment Structures Identified Little drilling to date Multiple Contact and Footwall deposits permissive Drilling and geophysics underway funded by JV Partner Lonmin Plc ($2.0M in 2015) 13
FOOTWALL DEPOSIT TYPE Cu-PGM+/-Ni Deposits of Sulfide Vein Stockworks and Disseminations Hosted in Sudbury Breccia Structures Below and Outboard from the SIC Very high $ value per tonne Low Sulfide Varieties Not Detectable with Geophysics Targeting Criteria Proximity to SIC (<600m) Proximity of Known Deposits Proximity of an Embayment Altered & Recrystallized Sudbury Breccia +/- Geophysical Anomalies Exploration Approach Drilling Borehole Geophysics 14
WISNER PROPERTY NORTH RANGE JOINT VENTURE WITH LONMIN PLC Wisner Property Exploration ($2.5M in 2015 Funded by Lonmin) Twisted Wrench Zone Southwest Zone Broken Hammer 12.54 g/t TPM, 3.95 % Cu over 0.62 m channel 8.12 g/t TPM, 0.96 % Cu over 2.43 m channel 3.49 g/t TPM, 0.91 % Cu over 2.39 m in WIS-181 26.6 g/t TPM, 2.35 % Cu over 0.5 m in WIS-078 7.24 g/t TPM, 1.55 % Cu over 1.99 m in WIS-168 Drilling planned in 2015 10.79 g/t TPM, 5.46 % Cu over 0.48 m in WIS-136 Drilling planned in 2015 10 kms of favourable geology and high grade Cu-PGM occurrences 15
WALLBRIDGE 2010 SPIN-OUT EQUITY INTEREST- MIOCENE METALS Currently completing Reverse Takeover transaction with Carube Resources Inc. which has six copper-gold exploration licences in Jamaica The key value driver is the joint venture funding being supplied by OZ Minerals (OZL:AX), an ~A$1.1 billion dollar Australian copper-gold producer. OZ Minerals has already demonstrated its commitment by providing a $960K private placement into Carube, and has rapidly advanced work on the $6.5 million Bellas Gate Joint Venture. Oz Minerals funded exploration on the Bellas Gate project is a full nine months ahead of Schedule. Phase 3 exploration already started with minimum $1.8 million expenditure over the next 12 months. 16
CARUBE EXPLORATION PROGRESS Intrusive Rocks with Copper Oxide at Hendley 17
FOR FURTHER INFORMATION Linda Zubal, VP Corporate Communication 705-682-9297 ext. 263 lzubal@wallbridgemining.com www.wallbridgemining.com