Ms. Anthea Bath reports

WESDOME GOLD MINES ANNOUNCES NORMAL COURSE ISSUER BID

Wesdome Gold Mines Ltd.'s board of directors has approved, subject to approval of the Toronto Stock Exchange, the initiation of a normal course issuer bid (NCIB) to repurchase up to 2 per cent of the company's public float over the next 12 months. The NCIB will be conducted in accordance with the requirements of the TSX and applicable securities laws, with purchases to be made as appropriate opportunities arise from time to time.

Anthea Bath, president and chief executive officer, commented: "The introduction of a normal course issuer bid, subject to TSX approval, reflects the continued strength of Wesdome's balance sheet and our commitment to disciplined capital allocation. With no debt and a growing cash position, we are able to fund high-return organic growth initiatives while retaining the financial flexibility to return capital to shareholders through opportunistic share repurchases."

Wesdome's board of directors believes that an NCIB represents an appropriate use of its available liquidity, after financing strategic growth initiatives, to enhance per-share value, and serve the best interests of the company and its shareholders.

Wesdome has filed a notice of intention with the TSX to implement an NCIB. If the NCIB is approved by the TSX, Wesdome will be authorized to acquire up to a maximum of 2 per cent of the public float for cancellation over a period of 12 months. Wesdome had a total of 150,969,214 issued and outstanding shares as of Oct. 16, 2025. The number of shares that could be purchased pursuant to the NCIB would be subject to a daily maximum of 182,093 shares (equal to 25 per cent of the average daily trading volume of 728,373 shares on the TSX for the six-month period prior to Oct. 16, 2025), subject to the Wesdome's ability to make one block purchase of shares per calendar week that exceeds such limits. The actual number of shares that may be purchased by Wesdome pursuant to the NCIB, and the timing of such purchases, will be determined by management of the company and will be subject to a number of factors, including market conditions, share price, available cash resources and other opportunities to invest capital for growth, however, Wesdome currently intends to acquire up to 3,013,315 shares pursuant to the NCIB over the next 12 months.

Purchases under the NCIB will be made through the facilities of the TSX or alternative Canadian trading systems, and in accordance with applicable regulatory requirements at a price per share equal to the market price at the time of acquisition. Any shares purchased under the NCIB will be cancelled upon their purchase. Wesdome intends to fund the purchases from its cash on hand and cash flow from operations.

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 a growing value-driven Canadian gold producer.

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