COMPANY PROFILE

Summary

Wesdome is Canadian-focused, with two producing underground gold mines. The Company’s strategy is to build Canada’s next intermediate gold producer, producing 200,000+ ounces from two mines in Ontario and Québec. The Eagle River Underground Mine in Wawa, Ontario is currently producing gold at a rate of 92,000 – 105,000 ounces per year. The Kiena Complex is a fully permitted mine with a 930-metre shaft and 2,000 tonne-per-day mill, and a restart of operations was announced on May 26, 2021. The Company has completed a PFS in support of the production restart decision. Wesdome is actively exploring both underground and on surface within the mine area and more regionally at both the Eagle River and Kiena Complex. The Company also retains meaningful exposure to the Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ontario through its equity position in Goldshore Resources Inc. The Company has approximately 140.0 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO”.

Wesdome Gold Mines (TSX: WDO) has had over 30 years of continuous gold mining operations in Canada.

Strategic Quote

“With enhanced infrastructure, such as ventilation and mobile equipment, and our great exploration results, we aim to match mine production to mill production. If we can mine to the mill, it will push up Eagle River’s production to 125,000 ounces per year.”

Duncan Middlemiss, President & CEO

Main Leadership

Duncan Middlemiss, President & CEO

30+ years in the industry working for Inco Limited (now Vale Canada Limited), Barrick Gold Inc. at their Holt-McDermott mine, and Foxpoint Resources (now Kirkland Lake Gold Inc.).

Prior to joining Wesdome, he was President and Chief Executive Officer and a director of St. Andrew Goldfields Ltd. ("SAS") until its acquisition by Kirkland Lake Gold Inc. in January 2016.

Scott Gilbert, CFO

Over 25 years of financial experience in the mining industry, having held various escalating senior level positions at companies such as Kinross, Centerra Gold, IAMGOLD, St Andrew’s Goldfield’s and Harte Gold.

Main Assets

The Eagle River Complex, located 50 kilometres due west of Wawa, Ontario, consists of two operating gold mines which have been developed using common infrastructure and feeding the same mill.

VRIFY Eagle River project view

The Kiena Mine Complex, project is a gold property located in the Province of Québec, in the Abitibi region within the limits of the town of Val-d’Or.

VRIFY Kiena project view

Additional Resources

Contact

t: +1 (416) 360 3743