Wallbridge Mining Company Limited (TSX: WM) (OTCQB: WLBMF) is pleased to announce that it has closed its previously announced best efforts, public offering of (i) 65,000,000 Charity Flow-Through Units at a price of C$0.15 per Charity Flow-Through Unit, (ii) 49,000,000 Hard Dollar Units at a price of C$0.11 per Hard Dollar Unit, which includes 4,000,000 Hard Dollar Units issued pursuant to the partial exercise of the over-allotment option, and (iii) 980,363 Warrants (as defined below) at a price of $0.00001 per Warrant, also issued pursuant to the Over-Allotment Option Exercise, for gross proceeds of $15.14 million. The Offering was led by BMO Capital Markets, as sole bookrunner, on behalf of a syndicate of agents including SCP Resource Finance LP and Paradigm Capital Inc.

Each Charity Flow-Through Unit consists of one common share of the Company issued on a flow-through basis and one common share purchase warrant of the Company. Each FT Share and Warrant underlying the Charity Flow-Through Units qualifies as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).

Each Hard Dollar Unit consists of one common share of the Company and one Warrant.

Each Warrant issued under the Offering entitles the holder to purchase one common share of the Company at an exercise price of C$0.15 for a period of 36 months following the closing date.

The Agents were paid a cash commission in connection with the Offering.

In connection with the Offering, Agnico Eagle Mines Limited has agreed to subscribe for 6,275,897 Hard Dollar Units at a price of $0.11 per Hard Dollar Unit for aggregate gross proceeds of $690,349. The Agnico Private Placement is anticipated to close today and was undertaken pursuant to certain participation rights set out in a pre-existing participation agreement between the Company and a predecessor of Agnico. Closing of the Agnico Private Placement is subject to customary closing conditions.

The net proceeds from the Offering and the Agnico Private Placement will be used for the continued advancement of the Company’s Fenelon and Martiniere projects, and for general corporate purposes. With the net proceeds from the Offering, the Company’s cash balance as at October 31, 2025 is approximately $31 million.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the applicable securities laws of any state of the United States and may not be offered or sold within the United States (as such term is defined in Regulation S under the U.S. Securities Act) or to, or for the account or benefit of, a U.S. person (as such term is defined in Regulation S under the U.S. Securities Act) or a person in the United States absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act and the applicable securities laws of any state of the United States. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.

About Wallbridge Mining

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec’s Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 598 km² that extends approximately 82 km along the Detour-Fenelon gold trend. The property is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project, as well as numerous greenfield gold projects.