Mr. Warwick Morley-Jepson reports

WESDOME ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Wesdome Gold Mines Ltd. has released the results of the company's 2023 annual general meeting of shareholders held today. A replay of the meeting is available on the company's website.

A total of 85,770,837 common shares were represented at the meeting, representing 58.14 per cent of the total issued and outstanding common shares of the company.

All matters presented for shareholder approval at the meeting were approved, as follows:

1. Appointment of Grant Thornton LLP as auditor of the company for the ensuing year and authorizing the directors to fix their remuneration;
2. Election of the directors of the company for the ensuing year;
3. Approval of an advisory non-binding resolution accepting the approach to executive compensation disclosed in the management information circular of the corporation dated April 11, 2023.

Election of directors

Seven individuals were elected as directors of the company, until the next annual meeting of shareholders, as set out in the attached table.

Reappointment of auditor

Based on proxies received and votes cast by show of hands during the meeting, Grant Thornton LLP, chartered accountants, was appointed as independent auditor of the company for the ensuing year and the directors are authorized to fix their remuneration, with the results as shown in the attached table.

Advisory vote on executive compensation

Based on proxies received and votes cast by ballot during the meeting, the advisory non-binding resolution accepting the approach to executive compensation disclosed in the management information circular of the corporation dated April 11, 2023, was approved, with the vote result as seen in the attached table.

Please refer to the company's report of voting results filed on SEDAR for further details on the above matters.

About Wesdome Gold Mines Ltd.

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, the Eagle River mine in Ontario and the recently commissioned Kiena mine in Quebec. The company also retains meaningful exposure to the Moss Lake gold deposit in Ontario through its equity position in Goldshore Resources Inc. The company's primary goal is to responsibly leverage this operating platform and high-quality brownfield and greenfield exploration pipeline to build Canada's next intermediate gold producer. Wesdome trades on the Toronto Stock Exchange under the symbol WDO, with a secondary listing on the OTCQX under the symbol WDOFF.