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Wallbridge Mining Highlights Plans for 2013; Shares Down 13%

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Wallbridge Mining Company Limited (WM.TO) provided a business update highlighting its direction for 2013. Immediate plans include advancing the Broken Hammer copper-platinum group element (PGE) project to production and focused exploration on joint venture partner-funded projects.

"Our strategy of generating high-potential projects and funding exploration through joint ventures, sale of royalties and founding of spin-outs has been successful and will continue. In 2013, exploration will focus on partner-funded projects in Sudbury and we will work to attract new partnerships while advancing our Broken Hammer project into production to generate revenue", stated Marz Kord, President and CEO of Wallbridge.

WM shares lost two cents to $0.13 on volume of 109,000.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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