Ms. Breanne Beh of Angus Gold reports

ANGUS SHAREHOLDERS APPROVE ARRANGEMENT WITH WESDOME

Angus Gold Inc. shareholders have approved the resolution required to consummate the previously announced statutory arrangement under the Business Corporations Act (Ontario) with Wesdome Gold Mines Ltd. At Angus's special meeting of shareholders held on June 19, 2025, the resolutions supporting the transaction were approved by approximately 99.8 per cent of the votes cast by shareholders present or represented by proxy at the meeting.

Voting results

The attached tables detail the breakdown of the voting results of the meeting.

Anticipated timeline for completion of the transaction

With shareholder approval, Angus will seek a final order from the Ontario Superior Court of Justice to approve the plan of arrangement, expected June 25, 2025. The transaction remains subject to final court approval and the satisfaction of certain other customary closing conditions for transactions of this nature. The transaction is expected to close on or about June 27, 2025.

At closing, each Angus shareholder (other than any dissenting Angus shareholders and Wesdome) will receive 0.0096 of a Wesdome common share and 62 cents in cash for each Angus common share held. Following the completion of the transaction at the end of June, Angus will become a wholly owned subsidiary of Wesdome.

Further information

For further information regarding the transaction, please refer to the management information circular dated May 7, 2025, which is filed under the company's profile on SEDAR+.

About Angus Gold Inc.

Angus is a Canadian mineral exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The company's flagship project, which is the Golden Sky project near Wawa, Ont., is situated immediately adjacent to Wesdome's Eagle River mine.

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