Wesdome to Announce Fourth Quarter and Full Year

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PRESS

RELEASE

FEBRUARY 15 2017

TSX:WDO

WESDOME TO ANNOUNCE FOURTH QUARTER AND FULL YEAR

2016 FINANCIAL RESULTS FEBRUARY 22, 2017

Toronto, Ontario – February 15, 2017 – Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or

the “Company”) today announces that the Company intends to release its fourth quarter and full

year 2016 financial results after market close on February 22, 2017. The financial statements will be

available on the C ompany’s website at www.wesdome.com or on SEDAR at www.sedar.com. A

conference call to discuss these results will be held on February 23, 2017 at 9:00 am ET. Wesdome

invites participants to join the call using the following details:

Wesdome Gold Mines 2016 Fourth Quarter and Full Year Financial Results Conference Call:

North American Toll Free: +1 (844) 202-7109

International Dial-In Number: +1 (703) 639-1272

Passcode: 73151421

Webcast link: http://edge.media-server.com/m/p/959b3kdf

Webcast can also be accessed under the News and Events section of the Company’s website

(www.wesdome.com)

A replay of the call will be available on the Company’s website until 12:00 pm ET, March 2, 2017:

North American Toll Free: +1 (855) 859-2056

International: +1 (404) 537-3406

Passcode: 73151421

Webcast will also be available for replay on the Company’s website within 24 hours after the

conference call concludes.

ABOUT WESDOME

Wesdome Gold Mines is in its 29 th year of continuous gold mining operations in Canada. The

Company is 100% Canadian focu sed 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 we st of Thunder Bay, Ontario ,

which is being explored and evaluated to be developed in the appropriate gold price environment.

The Company has approximately 130 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

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416-360-3743 ext. 29 416-360-3743 ext. 25

[email protected] [email protected]

8 King St. East, Suite 811

Toronto, ON, M5C 1B5

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 c an be identified by the use of words such as “plans”,

“expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variati ons (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, perfo rmance 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 t he 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 for ward-looking statements will prove

to be accurate, as actual resu lts 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 u nder IFRS and therefore should

not be consider ed 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 additio n 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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