Wallbridge Mining Company Limited (TSX: WM) (OTCQB:WLBMF) is pleased to announce that it has entered into definitive agreements with Agnico Eagle Mines Limited and Waratah Capital Advisors Limited, on behalf of certain investment funds managed by it, pursuant to which each of Agnico Eagle and Waratah have agreed to acquire such number of common shares that will result in each holding a partially-diluted ownership position of, or control or direction over, approximately 19.9% in the Company, which will result in a capital injection of approximately C$56.0 million into the Company at closing.

Brian Penny, Chief Executive Officer of Wallbridge commented:

“We are delighted to announce these cornerstone investments from our long-time shareholder Agnico Eagle and by Waratah, who we welcome as a significant new shareholder in the Company.

In our view, these investments underscore the quality and scale of our flagship asset, Fenelon, while providing the capital required to advance it through infill drilling and a pre-feasibility study, which we expect to deliver in late 2027 or early 2028.

As part of this next chapter, we also intend to seek shareholder approval in due course to complete a 20:1 share consolidation and a renaming of the Company to Sunday Lake Gold.

With this capital injection from our cornerstone investors, we will be well positioned to advance Fenelon and unlock significant value for all shareholders as we enter this important new phase in the Company’s history.”

Key Highlights

• Strategic investments will be made at a price of C$0.092 per common share, representing a premium of 15% to the Company’s 20-day volume-weighted average price on the Toronto Stock Exchange.
• The net proceeds of the offering, along with the Company’s existing financial resources, is expected to fully fund completion of a pre-feasibility study on the Fenelon project.
• Agnico Eagle and Waratah will each have, or exercise control or direction over, a 19.9% partially-diluted position in the Company (including the common shares and warrants that Agnico Eagle already owns).
• The Company intends to seek shareholder approval for a name change to “Sunday Lake Gold” and a 20:1 share consolidation. Further information regarding such matters will be available in due course.

Additional Details

Agnico Eagle has agreed to purchase 243,927,966 common shares of the Company for gross proceeds of approximately C$22.4 million, which together with Agnico Eagle’s existing ownership position of common shares and common share purchase warrants, will result in a partially-diluted ownership interest of 19.9% in the Company.

Waratah, on behalf of certain investment funds managed by it, agreed to purchase 364,339,130 common shares of the Company for gross proceeds of approximately C$33.5 million, which will result in such funds having an aggregate pro forma ownership interest of 19.9% in the Company.

In connection with the investments, at closing the Company will enter into an investor rights agreement with each of Agnico Eagle and Waratah, whereby each investor will be entitled to certain rights, provided that they each maintain certain ownership thresholds in the Company, including but not limited to: participation rights, top-up rights and the right to appoint at least one member to the Company’s Board of Directors. Agnico Eagle will also have the ability to participate in a technical committee to provide recommendations and advice to the Company on technical matters.

Closing is subject to customary conditions for a transaction of this nature, including the approval of the Toronto Stock Exchange.

The Company intends to call a special meeting of shareholders in Q3 of 2026 in order to authorize a 20:1 share consolidation and a name change to “Sunday Lake Gold”. A circular containing further information regarding such matters will be made available in due course.

The Company intends to complete the fully-funded 2026 exploration program at Martiniere, Casault, and Grasset, which is already in progress, but will thereafter dedicate the vast majority of its efforts and capital on Fenelon.

Advisors and Counsel

BMO Capital Markets acted as financial advisor and Stikeman Elliott LLP acted as legal advisor to the Company. Davies Ward Phillips & Vineberg LLP acted as legal advisor to Agnico Eagle and McMillan LLP acted as legal advisor to Waratah.

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 square kilometres that extends approximately 82 kilometres along the Detour-Fenelon gold trend. The land position 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.

For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:

Wallbridge Mining Company Limited