Ms. Anthea Bath reports

WESDOME ANNOUNCES THIRD QUARTER 2026 PRODUCTION RESULTS; 2026 PRODUCTION GUIDANCE MAINTAINED

Wesdome Gold Mines Ltd. has released its production results for the three and nine months ended Sept. 30, 2026 (Q3 2026 and YTD 2026). The company is also providing notice that it will release its Q3 2026 financial results after market close on Wednesday, Nov. 4, 2026, and host a conference call and webcast the following morning.

Anthea Bath, president and chief executive officer, commented: "Third quarter production was modestly below our expectations. However, Q4 is anticipated to be our strongest quarter of the year, driven by increased throughput and ounces at Eagle River, the continued ramp-up of the new Presqu'ile zone, and further operational improvements at Kiena Deep. We are maintaining our initial 2026 production guidance of 180,000 to 205,000 ounces, with results expected below the midpoint.

"Eagle River delivered a solid Q3, setting a new quarterly throughput record with ore milled up 12 per cent year over year. Underground material movement has increased sequentially in every quarter this year, and 300 zone ramp development is tracking ahead of schedule. The first phase of our transition to higher throughput is progressing as planned, with expected grade variability as we fill the mill and position Eagle River for long-term sustainable production and expansion.

"Kiena continues to build momentum, with ore milled up 27 per cent year over year in Q3, notwithstanding 10 days of planned and unplanned maintenance downtime. In September, Kiena Deep achieved its highest monthly tonnage of the year, while the Presqu'ile zone ramped up steadily to more than 250 tonnes per day. Grades were below plan primarily due to the blending of initial stope and development ore at Presqu'ile. Heading into Q4, we expect Kiena to benefit from improved execution, concurrent stope mining at Kiena Deep, and continued gains in tonnage and grade at Presqu'ile as it advances toward commercial production.

"Our balance sheet remains strong and debt-free with an ending cash balance of approximately $377-million. In Q3, we paid our first dividend and repurchased 1.8 million shares in July for $46-million. Since November, 2025, we have bought back 7.8 million shares for approximately $190-million at an average price of $24.44 per share, reflecting our confidence in the long-term value of our two high-quality Canadian assets."

Conference call and webcast

Management will host a conference call and webcast to discuss the company's Q3 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:  Thursday, Nov. 5, 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 pass code 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+ the evening of Wednesday, Nov. 4, 2026.

Technical disclosure

The technical and geoscientific content of this press release have been reviewed, and approved by Peter Gula, PEng, and general manager of 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 gold producer.

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