Mr. Raj Gill reports

WESDOME ANNOUNCES IMPLEMENTATION OF DIVIDEND REINVESTMENT PLAN

Wesdome Gold Mines Ltd. has established the previously announced dividend reinvestment plan (DRIP), effective as of Aug. 12, 2026. Participation in the DRIP is optional and will not affect shareholders' receipt of any future cash dividends unless they elect to participate.

The DRIP will provide eligible shareholders with the opportunity to automatically reinvest all or a portion of the cash dividends declared on their common shares into additional common shares of the company, without paying any commission, service charges or brokerage fees (subject to, in the case of beneficial shareholders, any applicable intermediary fees). Plan shares will be purchased by the company's agent, Computershare Trust Company of Canada, on the Canadian open market, including through the facilities of the Toronto Stock Exchange. No plan shares will be issued from treasury under the DRIP. Subject to applicable laws and the terms of the DRIP, shareholders resident in Canada and certain other jurisdictions may be eligible to participate in the DRIP.

The board of directors of the company previously declared an inaugural quarterly cash dividend of 3.06 cents per common share, payable on Sept. 29, 2026, to shareholders of record on Sept. 15, 2026. Eligible shareholders may elect to participate in the DRIP in connection with such dividend.

To participate in the DRIP, registered shareholders must deliver a properly completed enrolment form to the agent at least five business days before a dividend record date.

For the dividend payable on Sept. 29, 2026, registered shareholders must deliver a completed enrolment form to the agent no later than 5 p.m. Toronto time on Sept. 8, 2026. Enrolment forms may be obtained from the agent by calling 1-800-564-6253 (North America) or 1-514-982-7555 (outside North America), or on-line through the agent's website.

Beneficial shareholders who wish to participate in the DRIP should contact their financial advisor, broker, investment dealer, bank, financial institution or other intermediary through which they hold their common shares regarding enrolment procedures, applicable fees and deadlines, and whether participation elections must be made for each dividend period.

Shareholders are also encouraged to consult their tax advisers concerning the tax implications of their participation in the DRIP. Participation in the DRIP does not relieve shareholders of any liability for taxes that may be payable in respect of dividends that are reinvested into plan shares.

A complete copy of the DRIP will be available on Wesdome's issuer profile on SEDAR+ and on the agent's website. The enrolment form will be mailed to registered shareholders and may be obtained from the agent at any time by contacting the agent or by enrolling online through the agent's website. Shareholders should carefully read the complete text of the DRIP before making any decisions regarding their participation in the DRIP.

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 value-driven mid-tier Canadian gold producer.

We seek Safe Harbor.