Wesdome Gold Mines Announces 2021 First Quarter Financial Results

Mr. Duncan Middlemiss, President and CEO commented, “During the first quarter, a significant milestone was achieved at Kiena, with the completion of the A Zone bulk sample reconciliation which has produced 6% more gold at a feed grade of 15.7 g/t versus 14.7 g/t in the resource block model grade.

The Company expects to be within guidance for the year, and remains on track to produce 92,000 – 105,000 ounces from the Eagle River Complex, plus an additional 15,000 – 25,000 from Kiena pending a restart decision.

As well, definition drilling at the Falcon Zone advanced rapidly, and initial sill development is expected to commence in Q2, thereby providing an opportunity to assess the gold mineralization of the Falcon Zone within volcanic rocks.

At Kiena, an exciting new discovery was made – a new high grade gold zone was discovered in the footwall of the A Zone.

We continue to operate diligently keeping our workplaces safe for our employees, contractors, and vendors.

The technical content of this release has been compiled, reviewed and approved by Marc-Andre Pelletier, P.

The mineral reserve and resource estimates reported in this news release were prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects applies different standards in order to classify and report mineralization.

Wesdome Gold Mines is a 100% Canadian focused Company that has had over 30 years of continuous gold mining operations in Canada.

Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations or cash flow from operating activities as determined in accordance with IFRS as an indicator of our financial performance or liquidity.

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