Mr. Duncan Middlemiss reports

WESDOME ANNOUNCES 2017 SECOND QUARTER PRODUCTION RESULTS AT EAGLE RIVER MINE AND UPDATE ON KIENA EXPLORATION RAMP

Wesdome Gold Mines Ltd. has released its second quarter 2017 gold production results. The company produced 12,529 ounces during the quarter, bringing year-to-date produced ounces to 27,691 ounces.

Duncan Middlemiss, president and chief executive officer, commented: "Second quarter production results of 12,529 ounces were in line with budget. In the first half of the year, 27,691 ounces have been produced, indicating we are well on track to meet this year's production guidance of 52,000 to 58,000 ounces. During the quarter, we completed development on the 844-metre level in the 300E zone. This new production area of the mine displays above historic average widths and grades, and we expect to be producing from the 303 lens in the fourth quarter of this year. This development, combined with recent successes in the 300W and 7 zones, bode well for increasing the average grades of our mineral reserves and our near-term annual production profiles."

                                  Tonnes     Head grade       Average mill     Gold produced
                                  milled           (g/t)     recovery rate               (oz)
                                                                        (%) 

Eagle River mine                  34,960            9.8               96.3            10,597
Mishi open pit                    39,117            1.8               83.1             1,932   
                                  ------            ---               ----            ------
Q2 2017 production                74,077            5.6               94.0            12,529
                                  ======            ===               ====            ======

The company's guidance remains unchanged at 52,000 to 58,000 ounces for 2017. Ounces sold were 13,030 ounces at an average sales price of $1,715 per ounce (revenue of $22.3-million), exceeding the company's internal forecast of $1,550 per ounce.

Update on Kiena exploration ramp

The company has selected CMAC-Thyssen Mining Group Inc. as the contractor to drive the exploration ramp at Kiena. CMAC is mobilizing equipment at the Kiena site, and ramp development is expected to begin on or before Aug. 1, 2017.

Technical disclosure

The technical and scientific disclosure in this press release has been compiled, reviewed and approved by Philip Ng, PEng, chief operating officer of Wesdome and a qualified person as defined in National Instrument 43-101 -- standards of disclosure for mineral projects.

About Wesdome Gold Mines Ltd.

Wesdome Gold Mines is in its 30th year of continuous gold mining operations in Canada. The company is 100 per cent Canadian focused with a pipeline of projects in various stages of development. The Eagle River complex in Wawa, Ont., is currently producing gold from two mines, the Eagle River underground mine and the Mishi open pit, from a central mill. Wesdome is actively exploring its brownfields asset, the Kiena complex in Val d'Or, Que.

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