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Monday, September 14, 2026 Admin

WDO.TO ·

Wesdome Announces Implementation of Dividend Reinvestment Plan

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Wesdome Gold Mines Ltd

TSX: WDO

OTCQX: WDOFF

www.wesdome.com

WESDOME ANNOUNCES IMPLEMENTATION OF

DIVIDEND REINVESTMENT PLAN

Toronto, Ontario – August 13, 2026 – Wesdome Gold Mines Ltd. (TSX:WDO, OTCQX:WDOFF) (“Wesdome”

or the “Company”) has established the previously announced dividend reinvestment plan (the “DRIP”), effective

as of August 12, 2026. Participation in the DRIP is optional and will not affect shareholders’ receipt of any future

cash dividends unless they elect to participate.

The DRIP will provide eligible shareholders with the opportunity to automatically reinvest all or a portion of the

cash dividends declared on their common shares into additional common shares (the “ Plan Shares”) of the

Company, without paying any commission, service charges or brokerage fees (subject to, in the case of

beneficial shareholders, any applicable intermediary fees). Plan Shares will be purchased by the Company’s

agent, Computershare Trust Company of Canada (the “Agent”) on the Canadian open market including through

the facilities of the Toronto Stock Exchange. No Plan Shares will be issued from treasury under the DRIP.

Subject to applicable laws and the terms of the DRIP, shareholders resident in Canada and certain other

jurisdictions may be eligible to participate in the DRIP.

The board of directors of the Company previously declared an inaugural quarterly cash dividend of $0.0306 per

common share, payable on September 29, 2026 to shareholders of record on September 15, 2026. Eligible

shareholders may elect to participate in the DRIP in connection with such dividend.

To participate in the DRIP, registered shareholders must deliver a properly completed enrolment form to the

Agent at least five (5) business days before a dividend record date.

For the dividend payable on September 29, 2026, registered shareholders must deliver a completed

enrolment form to the Agent no later than 5:00 p.m. (Toronto time) on September 8, 2026 . Enrolment

forms may be obtained from the Agent by calling +1 (800) 564 -6253 (North America) or +1 (514) 982 -7555

(outside North America), or online at www.investorcentre.com/service.

Beneficial shareholders who wish to participate in the DRIP should contact their financial advisor, broker,

investment dealer, bank, financial institution or other intermediary through which they hold their common shares

regarding enrolment procedures, applicable fees and deadlines , and whether participation elections must be

made for each dividend period.

Shareholders are also encouraged to consult their tax advisors concerning the tax implications of their

participation in the DRIP. Participation in the DRIP does not relieve shareholders of any liability for taxes that

may be payable in respect of dividends that are reinvested into Plan Shares.

A complete copy of the DRIP will be available on Wesdome’s issuer profile on SEDAR+ at www.sedarplus.ca

and on the Agent's website at www.investorcentre.com. The enrolment form will be mailed to registered

shareholders and may be obtained from the Agent at any time by contacting the Agent or by enrolling online

through the Agent's website at www.investorcentre.com. Shareholders should carefully read the complete text

of the DRIP before making any decisions regarding their participation in the DRIP.

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About Wesdome

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 value -driven mid -tier Canadian gold

producer.

For More Information

Raj Gill Trish Moran

SVP, Corporate Development & Investor Relations VP, Investor Relations

Phone: +1.416.360.3743 Phone: +1.416.564.4290

E-Mail: [email protected] E-mail: [email protected]

Forward-Looking Statements

This press release contains "forward-looking information" within the meaning of applicable Canadian securities

legislation, which is based on expectations, estimates, projections, and interpretations as of the date of this

release. Forward-looking information includes, without limitation, statements or information with respect to: t he

implementation of the DRIP, including the anticipated timeline; shareholder participation in the DRIP; the

provision of DRIP related documents to shareholders ; the Company’s dividend policy and management’s

intention to provide a dividend on a quarterly basis; the Company’s commitment to capital return initiatives while

maintaining investment in organic growth initiatives; and the Company’s long-term outlook and future free cash

flow generation.

These forward-looking statements involve various risks and uncertainties and are based on certain factors and

assumptions. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should

underlying assumptions prove incorrect, actual results may vary materially from those described in forward-

looking statements or information. These risks, uncertainties and other factors including those risk factors

discussed in the sections titled “Cautionary Note Regarding Forward Looking Information” and “Risks and

Uncertainties” in the Company’s most recent Annual Information Form. Readers are urged to carefully review the

detailed risk discussion in our most recent Annual Information Form which is available on SEDAR+ and on the

Company’s website.

There can be no assurance that forward-looking statements or information will prove to be accurate, as actual

results and future events could differ materially from those anticipated in such statements. The Company

undertakes no obligation to update forwar d-looking statements if circumstances, management’s estimates or

opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not

to place undue reliance on forward-looking statements.