High-Grade Drill Intersection at Thunder Bay North

Magma Metals Limited (TSX: MMW )(ASX: MMW) -

KEY POINTS
-- One of the best drill intercepts recorded at the Thunder Bay North project has been returned from infill drilling in the Bridge Zone:
BL10-197: 44.65m @ 5.50g/t Pt, 4.75g/t Pd, (10.25g/t Pt+Pd), 1.20% Cu & 0.49% Ni from 145.35m,
including 14.00m @ 16.23g/t Pt, 13.92g/t Pd, (30.15g/t Pt+Pd), 3.52% Cu & 1.24% Ni from 176.00m,
including a massive sulphide interval from 187.40m of: 2.60m @ 52.77g/t Pt, 41.54g/t Pd, (94.31g/t Pt+Pd), 3.87g/t Au, 61.0g/t Ag, 11.60% Cu & 3.29% Ni.

Wallbridge Mining Reports 8.00 Grams Per Tonne Platinum+Palladium+Gold over 14.24 metres from Parkin Offset Property in Sudbury

Wallbridge Mining Company Limited (TSX:WM; FWB: WC7) ("Wallbridge") today announced that platinum-palladium-gold-copper-nickel assay results from the intersection of sulphide mineralization on its Parkin Joint Venture property in Sudbury (see Wallbridge Press Release dated November 2, 2009), have confirmed the presence of base and precious metal values in the intercept. Total Precious Metal (Platinum+Palladium+Gold or "TPM") values within the 14.24 metre interval range between 1.40 and 32.47 grams per tonne TPM over different 1 metre intervals. The mineralization also contains significant amounts of copper and nickel.

Marathon's Optimized Reserve: Increased to 3.4 Million Ounces PGM+Au

Marathon PGM Corporation (TSX-MAR, "Marathon" or "the Company") announced today the optimized reserve estimate for its 100% owned Marathon PGM-Cu Project (the "Project"), located 10 km north of Marathon, Ontario. This new mineral reserve is part of the on-going optimization of the definitive feasibility study ("DFS") of the Marathon Project.

Highlights:
- contained PGM+Au increased by 24 % to 3.4 million ounces
- contained Ag increased by 4.7 % to 4.23 million ounces
- contained Cu increased by 6.7 % to nearly half a billion pounds
- reserve tonnage increased by 15 % (up 11.8 million tonnes)
- projected mine life increased to 12 years
- 20% decrease in strip ratio from 3.54 to 2.81

Marathon Identifies 1.1 km On-Strike Extension of PGM-Cu Mineralization

Marathon PGM Corporation (TSX-MAR, "Marathon" or "the Company") encountered considerable widths of PGM-Cu mineralization during recent trenching north of the Marathon PGM-Cu Project, located 8 km north of the town of Marathon, Ontario.

Phillip Walford, President and CEO of Marathon commented, "Trenching has successfully outlined 4 zones of mineralization that could potentially expand the resource by over 1,100 m north across the Bamoos property and Marathon claims. Further exploration will test the continuity of mineralization between these zones and the potential for additional reserves."