Ms. Anthea Bath reports

WESDOME ANNOUNCES Q3 2024 PRODUCTION; ON TRACK FOR RECORD PRODUCTION YEAR

Wesdome Gold Mines Ltd. has released its production results for the third quarter ended Sept. 30, 2024. The company will release its Q3 2024 financial results after market close on Wednesday, Nov. 6, 2024, and host a conference call and webcast the following morning.

Anthea Bath, president and chief executive officer of Wesdome, commented: "As expected, the third quarter delivered solid results, marking a steady and consistent improvement over each of the first two quarters of 2024.

"Eagle River is having a strong year. It continues to deliver quarter over quarter, benefiting from improved access to high-grade ore and, consequently, higher-than-planned mill throughput. Ramp development at depth along the 300 zone continues to track ahead of plan, ensuring consistent access to high-grade ore through the remainder of the year and into 2025.

"At Kiena, we are making excellent progress in mining high-grade ore from the 129-level horizon and expect to finish the year on a strong note. Our focus remains on improving execution consistency and achieving key milestones, including the development of the Presqu'ile exploration ramp and advancing the Kiena Deep ramp to level 136, which will unlock a new mining horizon and enable us to explore extensions of the orebody.

"This operational momentum sets us up to achieve the midpoint of our 2024 production guidance range of 160,000 to 180,000 ounces, as we continue to optimize our operations and advance our exciting pipeline of near-mine exploration targets at both Eagle River and Kiena."

Conference call and webcast

Management will host a conference call and webcast to discuss the company's Q3 and year-to-date 2024 financial and operating results. A question-and-answer session will follow management's prepared remarks.

Date and time:  Thursday, Nov. 7, 2024, at 10 a.m. ET

Dial-in numbers:  1-646-968-2525 or 1-888-596-4144 (toll-free)

Event passcode:  8215935

Webcast:  visit the company's website

The financial statements and management's discussion and analysis will be available on the company's website and on SEDAR+ the evening of Nov. 6, 2024.

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 Kiena mine in Quebec. The company's primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build Canada's next intermediate gold producer.

Technical disclosure

The technical and geoscientific content of this release have been reviewed and approved by Guy Belleau, PEng, chief operating officer of the company, and Niel de Bruin, PGeo, director of geology for Wesdome, each a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.