Mr. Raj Gill reports

WESDOME ANNOUNCES SECOND QUARTER 2026 PRODUCTION RESULTS; ON TRACK TO ACHIEVE FULL-YEAR CONSOLIDATED PRODUCTION GUIDANCE

Wesdome Gold Mines Ltd. has released its production results for the three and six months ended June 30, 2026 (Q2 (second quarter) 2026 and YTD (year to date) 2026, respectively). The company is also providing notice that it will release its Q2 2026 financial results after markets close on Thursday, Aug. 13, 2026, and host a conference call and webcast the following morning.

Anthea Bath, president and chief executive officer of Wesdome, commented: "Our second quarter results reflect the operational discipline and strategic execution that are central to Wesdome's approach to long-term value creation. With strong momentum across both Eagle River and Kiena, we remain well positioned to deliver on our full-year production guidance of 180,000 to 205,000 ounces.

"Eagle River performed in line with our operational plan during the second quarter. As anticipated, Eagle River processed higher tonnage at lower grades during the quarter, largely reflecting planned stope sequencing. Grades are expected to improve in the second half of the year and we remain confident in Eagle River's ability to achieve its full-year guidance.

"Kiena continues to build meaningful momentum, with quarter-over-quarter production increasing approximately 25 per cent, as improved execution and planning translate into greater operating consistency. Later this week, the first Presqu'ile stope is expected to enter production, marking a significant milestone in the expansion of our active mining base beyond Kiena Deep. Presqu'ile is expected to broaden the number of productive zones and support the stronger production profile we anticipate in the second half of the year.

"Our capital allocation framework continues to generate tangible value for shareholders. Since launching our normal course issuer bid in late November, we have repurchased more than 4 per cent of our outstanding shares. Combined with the announced expansion of our share buyback program and the initiation of a quarterly cash dividend in September, these actions underscore our confidence in the durability and quality of our free cash flow profile. Together, they reflect a disciplined, balanced approach to returning capital, one that runs in parallel with our ongoing investment in organic growth across the portfolio."

Conference call and webcast

Management will host a conference call and webcast to discuss the company's Q2 2026 financial and operating results. A question-and-answer session will follow management's prepared remarks. Details of the webcast are as follows.

Date and time:  Friday, Aug. 14, 2026, at 10 a.m. ET

Dial-in numbers:  To access the call by telephone, dial 1-646-968-2525 or 1-888-596-4144 (toll-free). The event passcode is 8215935. Please allow up to 10 minutes to be connected.

Webcast:  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 from the home page of the company's website.

The financial statements and management's discussion and analysis will be available on the company's website and on SEDAR+ on the evening of Thursday, Aug. 13, 2026.

Technical disclosure

The technical and geoscientific content of this news release has been reviewed and approved by Peter Gula, PEng, general manager of the Eagle River mine (wholly owned by Wesdome), a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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 mid-tier gold producer.

We seek Safe Harbor.