Mr. Duncan Middlemiss reports

WESDOME DRIFTING AT 7 ZONE AT THE EAGLE RIVER MINE CONFIRMS ON-STRIKE POTENTIAL OF OVER 100 METRES

Wesdome Gold Mines Ltd. has released underground drifting results from continuing No. 7 zone exploration and development activities at the company's wholly owned Eagle River mine in Wawa, Ont.

Mine long section

The company is continuing to develop and explore two parallel zones, the No. 7 zone and No. 300 zone, located 200 metres and 400 m north, respectively, of the main No. 8 zone structure that has supported production of greater than one million ounces of gold over the last 20 years. Drilling in early 2016 returned encouraging drill results from No. 7 zone (see press release dated Feb. 23, 2016).

Subsequently, follow-up initial drifting on the 890 m level returned 33.15 grams per tonne gold uncut over an average width of 1.5 m over a strike length of 42.0 m (see press release dated May 31, 2016). Further drifting on the 945 m level returned 22.63 g/t Au uncut over an average width of 3.3 m over a strike length of 63.0 m (see press release dated Sept. 15, 2016).

Duncan Middlemiss, president and chief executive officer, commented: "Development at the No. 7 zone has continued to return encouraging results, often better than the drill results, with strong grades, longer strike lengths with greater continuity, and greater than average ore widths. The undiluted sill development grade of greater than 20 g/t Au is significantly higher than the initial reserve grade for this zone as a result of intersecting a greater number of higher-grade, steeply plunging ore shoots than the initial wider-spaced drilling of which the initial reserve was based. And as such, it is anticipated that the updated end-of-year reserve estimate will reflect this increased grade delineated from the sill development.

"In 2018, production from this zone will be in an area of longer strike lengths, compared to what has been mined in the last two years from within this zone. The extended strike length of this zone will result in greater mining flexibility and enhanced productivity. Current exploration is focused on drilling the parallel zones both up and down plunge and to the east, testing the theory that the parallel zones may repeat themselves across the mine similar to the No. 8 zone."

The 975 m level:

• The 975 m level east returned 13.38 g/t Au uncut (13.38 g/t Au cut) over an average width of 1.5 m over a strike length of 46.0 m.
• The 975 m level west returned 24.38 g/t Au uncut (22.22 g/t Au cut) over an average width of 2.6 m over a strike length of 53.0 m.
• Combined for 20.66 g/t Au uncut (19.23 g/t Au cut) over an average width of 2.1 m over a total strike length of 99.0 m.

The 991 m level:

• The 991 m level east returned 32.55 g/t Au uncut (30.03 g/t Au cut) over an average width of 1.6 m over a strike length of 48.0 m.
• The 991 m level west returned 18.80 g/t Au uncut (15.95 g/t Au cut) over an average width of 2.73 m over a strike length of 56.0 m.
• Combined for 23.28 g/t Au uncut (20.53 g/t Au) over an average width of 2.2 m over a total strike length of 104.0 m.

Assays were cut to 125 g/t Au

The No. 7 zone, which has now been traced with drilling and development over 350 m, remains open up and down plunge and will be the focus of the 2018 drilling programs. Additionally, quartz veining and alteration continue west of the No. 7 zone development and will be tested with future drilling.

Results are illustrated in detailed and generalized longitudinal section figures available on-line.

Technical disclosure

The sampling of, and assay data from, drill core is monitored through the implementation of a quality assurance -- quality control (QA-QC) program designed to follow industry best practices. Samples are transported in sealed bags to Eagle River mine's assay office in Wawa, Ont. Samples are analyzed for gold using standard fire-assay technique with gravimetric finish. Wesdome inserts blanks and certified reference standard in the sample sequence for quality control.

The technical content of this release has been compiled, reviewed and approved by Michael Michaud, PGeo, vice-president, exploration of the company 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 and 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 brownfield asset, the Kiena complex in Val d'Or, Que. The company has further upside at its Moss Lake gold deposit, located 100 kilometres west of Thunder Bay, Ont., which is being explored and evaluated to be developed in the appropriate gold price environment.

We seek Safe Harbor.