Wallbridge Mining Company Limited announced that new assay results from the definition drilling program on the Fenelon Gold Property (“Fenelon” or the “Property”) continue to confirm the high “metal factor” (grade multiplied by core length) continuity of the Tabasco-Cayenne shear system. The results reported on January 20, 2021 include a wide intersection of 3.48 g/t Au over 54.00 metres in FA-20-197 from the western part of the gold system, with higher grade sub-intervals of 8.91 g/t Au over 5.60 metres, 11.80 g/t Au over 2.25 metres, and 14.53 g/t Au over 2.90 metres. Definition drilling to a 50-60 metre nominal spacing continues to outline the high metal factor core of the Tabasco-Cayenne shear system, which forms part of the larger shear corridor and has thus far been drilled over a strike length of 800 metres to a vertical depth of 1,000 metres. The high metal factor domain is measured in the tens of metres, as also highlighted by the recent intersection of 5.07 g/t Au over 100.60 metres in hole FA-20-181. As the holes approach the Tabasco-Cayenne zones, they also transect the Area 51 gold vein network. Highlight intersections from the definition drilling in the Tabasco-Cayenne Zones include: FA-20-197 3.48 g/t Au over 54.00 metres, including 8.91 g/t Au over 5.60 metres,  11.80 g/t Au over 2.25 metres, and  14.53 g/t Au over 2.90 metres in the Tabasco Zone, and 3.24 g/t Au over 11.75 metres in the Cayenne Zone; FA-20-158 3.07 g/t Au over 7.00 metres and 10.38 g/t Au over 3.00 metres in a transition from Tabasco Zone to Area 51; FA-20-177 11.15 g/t Au over 3.60 metres in the Cayenne Zone; This drill hole had to be terminated prematurely, only 5 metres past this intersection, due to mechanical issues and therefore did not entirely cross the Tabasco-Cayenne mineralized horizon. FA-20-188 37.45 g/t Au over 2.60 metres in the Cayenne Zone; FA-20-193 2.59 g/t Au over 18.80 metres, including 21.45 g/t Au over 1.95 metres in a transition from Area 51 to Tabasco Zone; As the Tabasco/Cayenne definition drill holes approach the Tabasco/Cayenne shear system, they pass through the Area 51 vein network, which is characterized by wide mineralized zones consisting of a number of higher grade veins hosted mainly in the Jeremie Diorite and underlying sediments. Highlight intersections from Area 51 from the holes reported on January 20, 2021 include: FA-20-197 8.17 g/t Au over 3.75 metres; FA-20-188 1.49 g/t Au over 72.50 metres, including 67.20 g/t Au over 0.50 metre, and 3.98 g/t Au over 7.50 metres; FA-20-193 1.13 g/t Au over 77.35 metres, including 13.62 g/t Au over 4.25 metres; Expansion drilling on Area 51 and the Tabasco-Cayenne zones using large (75 to 200 metres) step-outs at depth and toward the east has been continuing with 1 to 2 drill rigs. Drill hole FA-20-202 intersected what is currently the easternmost known expression of the Tabasco zone with typical, sulfide-rich, silicified shear zones that assayed 2.77 g/t Au over 6.00 metres, including 4.58 g/t Au over 2.25 metres. This intersection represents an approximate 150 metre eastern step-out on known mineralization in the Tabasco zone and follow-up drilling in the vicinity of this intersection and at further depth is currently underway. Drill holes FA-20-203 and -205 have intersected strong, visible gold-bearing zones in the eastern part of the known Tabasco-Cayenne shear system with assays currently pending. In 2020, Wallbridge completed approximately 102,000 metres of exploration and resource drilling at Fenelon, achieving its 2020 target despite the temporary suspension of activities in the spring due to the COVID pandemic. For the majority of the year, six drill rigs were operating and a seventh drill was mobilized to the project at the end of November. In 2021, the Company is planning to complete approximately 170,000 metres of drilling with a maiden resource estimate at Fenelon anticipated in the third quarter. Approximately 10-15% of the drilling program will be devoted to regional exploration on the Company’s district-scale, underexplored land package on the Detour-Fenelon Gold Trend. Currently, drilling is ramping up and by the end of January the Company will have nine drill rigs turning. Six drill rigs are targeting the Fenelon Gold System (Tabasco-Cayenne-Area 51 mineralization) to approximately 1,000 metre vertical depth, carrying out a combination of 75-100-metre step-outs and tighter-spaced (50-60-metre) in-fill and definition drilling. Two drill rigs will be focusing on near-surface, open pit resource drilling in the western portion of Area 51. One drill rig will be devoted to regional, grassroots exploration at various projects on the Company’s 900 km2 Detour-Fenelon Gold Trend land package.