Ms. Anthea Bath reports

WESDOME ANNOUNCES SECOND QUARTER PRODUCTION RESULTS; PROVIDES CONFERENCE CALL DETAILS

Wesdome Gold Mines Ltd. has released its second quarter (Q2) results. Anthea Bath, president and chief executive officer, commented: "Combined gold production for the second quarter of 30,992 ounces was in line with budget. With a similar production profile expected in H2, our year-to-date performance of 59,360 ounces has us tracking to the mid-point of our 110,000-to-130,000-ounce guidance range.

"At Eagle River, Q2 production of 22,845 ounces was 13 per cent higher than Q1 as a result of record productivity from the underground mine, offsetting a slightly lower-grade cycle related to mine plan sequencing.

"At Kiena, despite the impacts from the regional forest fires, production of 8,147 ounces was an improvement over Q1. As previously guided, we continued to supply the mill with lower-grade ore from the Martin and S50 zones to supplement the Kiena Deep material that is available to mine, which is mostly lower-grade fringe material and diluted ore from previously mined areas. Importantly, we continue to prioritize the development of the production ramp, which remains ahead of schedule, positioning us well to ramp up production in 2024."

Technical disclosure

The technical content of this release has been compiled, reviewed and approved by Frederic Langevin, Eng, chief operating officer of the company and a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

Second quarter 2023 conference call and webcast

The company will release its second quarter 2023 financial results after market close on Thursday, Aug. 10, 2023. At that time, the financial statements, and management's discussion and analysis, will be available on the company's website and on SEDAR. A conference call and webcast to discuss these results will be held on Friday, Aug. 11, at 10 a.m. ET:

• Participants may register for the call on-line to obtain dial in details. Preregistration is required for this event. It is recommended you join 10 minutes prior to the start of the event.
• The webcast can also be accessed under the news and events section of the company's website.

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'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.

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