Wesdome Announces Inclusion Into the Inaugural TSX30 Flagship Program

Wesdome Announces Inclusion Into the Inaugural TSX30 Flagship Program

TORONTO, Sept. 26, 2019 -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces its

inclusion in the Toronto Stock Exchange’s inaugural TSX30, a flagship program recognizing the 30 top-performing TSX stocks

over a three-year period based on dividend-adjusted share price appreciation.

Mr. Duncan Middlemiss, President and CEO, commented, “We are very appreciative and proud to be one of the thirty

companies selected by the Toronto Stock Exchange, the world’s premier stock exchange for mining companies, to this

program. Our inclusion is a testament to the success of the Company over the last three years as we continue to deliver a

strong production growth from the Eagle River Mine in Ontario, while concurrently exploring and developing in the Kiena Mine

in Val d’Or, Quebec for a restart.  Our short term objective is to produce at least 200,000 ounces of gold per year from two

mines in Canada. I would like to personally thank our Board, management, and employees for sharing this vision and

executing towards our mid-tier goal.”

ABOUT WESDOME

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

Canadian focused with a pipeline of projects in various stages of development.  The Eagle River Complex in Wawa, Ontario 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 brownfields asset, the Kiena Complex in Val d’Or, Quebec.  The Kiena Complex is a fully

permitted former mine with a 930-metre shaft and 2,000 tonne-per-day mill.  The Company has further upside at its Moss Lake

gold deposit, located 100 kilometres west of Thunder Bay, Ontario.  The Company has approximately 137.2 million shares

issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO”.

For further information, please contact:

Duncan Middlemiss       or        Lindsay Carpenter Dunlop

President and CEO                 VP Investor Relations

416-360-3743 ext. 2029                 416-360-3743 ext. 2025

[email protected]                 [email protected]

220 Bay St. East, Suite 1200                  

Toronto, ON, M5J 2W4                  

Toll Free: 1-866-4-WDO-TSX                  

Phone: 416-360-3743, Fax: 416-360-7620                 

Website: www.wesdome.com                  

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to

the future financial or operating performance of the Company and its projects. 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 (including negative variations) of such words and phrases, or

state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-

looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results,

performance or achievements of the Company to be materially different from any future results, performance or achievements

expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date

of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result

of new information, future events or results or otherwise. There can be no assurance that forward-looking statements 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 forward-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. The Company has included in this news release certain non-IFRS performance

measures, including, but not limited to, mine operating profit, mining and processing costs and cash costs. Cash costs per

ounce reflect actual mine operating costs incurred during the fiscal period divided by the number of ounces produced.  These

measures are not defined under IFRS and therefore should not be considered in isolation or as an alternative to or more

meaningful than, net income (loss) or cash flow from operating activities as determined in accordance with IFRS as an

indicator of our financial performance or liquidity. The Company believes that, in addition to conventional measures prepared in

accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate

cash flow.

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