Ongoing Exploration Drilling of Kiena Deep A Zone Continued by Wesdome Gold Mines

On January 28^th, Wesdome Gold Mines Ltd reported further high-grade results at its 100% owned Kiena Mine Complex, in Val d’Or, Quebec, based on the ongoing underground exploration drilling of the Kiena Deep A Zone.

Since the October 12^th cutoff date for drill data used in the recent resource estimate published on December 12^th, 2018, exploration and definition drilling has been continuing with five drills at the Kiena Deep A Zone. Since this time, approximately 4200 m in 16 holes have been finished. The ongoing drilling is making use of the newly built ramp and crosscut extensions finished in November, which improve drill angles and drill efficacies. These platforms presently enable diamond drilling to be able to intersect the up and down plunge extension of the Kiena Deep A Zone dependably.

The ongoing definition/infill drilling has been constant to confirm the total continuity of the Kiena Deep A Zone and enhance the company’s understanding and confidence in the controls on gold mineralization. Drilling thus far has identified a distinct, moderate plunge of approximately 45° to the SE to the gold mineralization that occurs mainly along the basalt—chlorite-carbonate schist boundary. Ongoing drilling has continued to increase the Kiena Deep A Zone up and down plunge, in excess of 50 extra meters in each direction, and has also provided more assurance in the company’s understanding of the up and down plunge potential and focus for drilling. Four drills are in use on the 1050 m level exploration ramp finishing the infill and plunge extension drilling, and a fifth drill is currently drilling at the 670 m elevation to test the interpreted up plunge extension of the A Zone toward the VC zone area. This up-plunge extension is believed to be more than 425 m and would be in addition to the 500 m of plunge length already established by drilling. This has the potential to considerably add to the resource base, and could be a crucial enhancement in any restart situation.

Highlights

Kiena Deep A Zone:

• Hole 6384A: 33.7 g/t over 30.6 m core length (28.4 g/t Au cut, 15.0 m true width)
• Hole 6378: 36.5 g/t Au over 7.0 m core length (18.4 g/t Au cut, 5.0 m true width)
• Hole 6392: 153.4 g/t Au over 1.4 m core length (35.4 g/t Au cut, 1.3 m true width)
• Hole 6402: 51.9 g/t Au over 7.6 m core length (17.9 g/t Au cut, 7.6 m true width)
• Hole 6409: 39.8 g/t Au over 4.7 m core length (20.0 g/t Au cut, 3.6 m true width)

Each assay cut to 90.0 g/t Au. Real widths are estimated.

We are very pleased with the recent drill results that continue to confirm the continuity and mineability of the Kiena Deep A Zone. Our current program is targeting the up and down plunge extensions and recent resource infill. Based on these objectives, we are extremely encouraged by these results. Drilling has continued to return very high-grade results both up and down plunge from the area of the present resource estimate and we are confident this will continue to grow. Additionally, the down plunge and portions of the down dip extension of the A zone remain open and will also be a focus of the continued drilling. Our 2019 underground exploration program calls for 50,000 meters of drilling with five drills in preparation for an updated resource estimate later in the year. This information will then lead into a Preliminary Economic Assessment and next steps will be determined at that juncture. At this point I would say we are very encouraged with the ongoing success of our Kiena Deep Exploration program and the obvious restart ramifications that it may bring.

Duncan Middlemiss, President and CEO, Wesdome Gold Mines.

Technical Disclosure

This release’s technical and geo-scientific content has been compiled, reviewed, and approved by Bruno Turcotte, P.Geo., (OGQ #453) Senior Project Geologist of the company and a “Qualified Person” as defined in National Instrument 43-101—Standards of Disclosure for Mineral Projects.

Analytical research was performed by Techni-Lab (ActLabs) of Ste-Germaine-Boule (Quebec), a certified commercial laboratory (SCC Accredited Lab #707) and by ALS Minerals of Val-d’Or (Quebec), a certified commercial laboratory (Accredited Lab #689). Sample preparation was conducted at Techni-Lab (ActLabs) and at ALS Minerals, both in Val d\’Or (Quebec). Assaying was performed using fire assay techniques with an atomic absorption finish. Any sample assaying >3 g/t Au was rerun with by fire assay technique with gravimetric finish, and any sample assaying >10 g/t Au was rerun with the metallic sieve technique in both laboratories. Besides laboratory internal duplicates, standards, and blanks, at a frequency of 1 in 20, the geology department inserts blind duplicates, standards, and blanks into the sample stream to check quality control.