Mr. Brian Penny reports

WALLBRIDGE PROVIDES UPDATE, EVACUATION ORDER AT FENELON LIFTED

The site evacuation order issued to Wallbridge Mining Company Ltd. on July 1, 2026, by SOPFEU (Societe de protection des forets contre le feu) and Quebec's Ministere des Ressources naturelles et des Forets in response to wildfires in the region has been lifted, allowing the company to begin a phased return to normal operations at its Fenelon gold project and across its Detour-Fenelon gold trend property.

Since mid-July the Fenelon project site has served as a base of operations for a SOPFEU crew ranging from 35 to 60 firefighters actively managing wildfires in the surrounding region. Thanks to their efforts and improving regional conditions, wildfire activity in the Fenelon area has subsided and is no longer considered a significant risk. None of the Fenelon operating facilities or camp were damaged by the wildfires. With conditions improving, the SOPFEU crew has recently demobilized from the site, allowing Wallbridge employees and contractors to begin returning to Fenelon.

Throughout the evacuation period, desktop and planning work continued offsite. Kitchen and maintenance personnel also returned to Fenelon to support the SOPFEU crew and ensure the company's camp, facilities, and infrastructure continued to operate safely and effectively. Earlier this month, four Wallbridge employees returned to site to resume core logging and the preparation of sample shipments for assay analyses.

With the evacuation order now lifted and restrictions on helicopter access to the area removed, company personnel and contractors have begun returning to site. Wallbridge expects drilling and other field exploration activities to resume by the end of August, marking a return to normal exploration operations at Fenelon.

"The health and safety of our employees and contractors remains our highest priority, and we are extremely grateful to the firefighters, SOPFEU and the government of Quebec for their tireless efforts to manage and control the wildfires in the region," commented Brian Penny, chief executive officer of Wallbridge. "We were pleased to be able to provide accommodations and support for the firefighters at the Fenelon camp and will continue to assist SOPFEU in any way we can."

The evacuation and temporary suspension of drilling and field activities have shortened the company's summer exploration season. At the same time, Wallbridge is finalizing the work plan and proposed budget for a prefeasibility study (PFS) targeted for completion in late 2027 or early 2028. In light of these developments, the company has revised its drilling priorities for the remainder of 2026.

The revised plan will focus on continuing to ramp up drilling at Fenelon in preparation for a larger-scale infill drilling program supporting the PFS, while completing the previously planned exploration drilling programs at Casault and Grasset. As the company increases its focus on advancing the Fenelon PFS, the second phase of drilling previously planned at Martiniere has been deferred beyond 2026.

Wallbridge expects to provide a further update on its exploration, drilling and PFS plans in the coming weeks.

About Wallbridge Mining Company Ltd.

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 totalling 598 square kilometres 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.

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