Wallbridge Reports Initial Results from 2026 Martiniere Drill Program Expanding Mineralization along Dragonfly Corridor

About this update from Wallbridge Mining Co. Ltd.

TORONTO, May 11, 2026 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce the results for the first two holes completed as part of its 2026 Phase 1 drilling campaign at its 100% owned Martiniere gold project (“Martiniere”). The Phase 1 campaign is focused on the Dragonfly zone which forms the core of the Bug Lake deformation corridor and hosts the majority of the Martiniere mineral resource. HIGHLIGHTS* “The initial results from our 2026 program once again provide further confirmation of the scale potential emerging at Martiniere,” commented Brian Penny, Chief Executive Officer of Wallbridge. “Drilling along the Dragonfly corridor continues to intersect multiple mineralized structures over significant widths, reinforcing our geological model of Martiniere as a large and robust gold system that remains open for continued expansion both laterally and at depth. We look forward to continuing to unlock the potential at Martiniere over the remainder of the program and will report results as they become available.” Martiniere 2026 Drilling Program On March 16, 2026, the Company announced the commencement of a 17,000 metre exploration drilling program at Martiniere. The program is being executed in two phases, with Phase 1 currently nearing its scheduled completion on May 14, 2026. Phase 1 comprises six holes totaling approximately 4,000 metres. The primary objective of the 2026 program is to further evaluate Martiniere’s growth potential through widely spaced step-out drilling targeting the projected extensions of the principal structures controlling gold mineralization beyond the limits of the currently defined mineral resource. The six Phase 1 holes were drilled along an approximate 350 metre section of the Dragonfly shear corridor. Summary descriptions of the results for the first two holes reported here are provided below. Results for the remaining four holes will be reported once all final assays have been received. The majority of the defined resource area at Martiniere is hosted along the Bug Lake deformation corridor, a broad structural corridor comprising a series of northwest-striking, southwest-dipping shear zones spatially associated with felsic intrusive dikes developed within a large drag-fold structure adjacent to the regional-scale Lac du Doigt fault. The Lac du Doigt...

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