Wesdome Gold Mines (WDO) investor relations material

Strategic vision and asset overview

• Focus on organic growth by converting exploration potential into resources, mine plans, and production, leveraging established operations in the Abitibi region.

• Eagle River and Kiena mines have each produced over 2 million oz of gold, with significant unexplored ground and existing infrastructure supporting efficient expansion.

• Mills at both sites operate below capacity, offering a capital-efficient path to higher production by increasing throughput.

• New geological models suggest broader, deeper, and more interconnected mineral systems than previously understood, shifting focus from isolated zones to district-scale opportunities.

• Over CAD 55 million invested in exploration in 2026, with a three to five-year program targeting up to 6.3 million oz in conceptual exploration targets.

Exploration and development initiatives

• Eagle River's high-grade system is being redefined, with drilling revealing wider and more extensive mineralization, including significant intercepts outside known corridors.

• Mishi-Magnacon corridor shows potential for expanded underground resources, with recent drilling extending mineralization nearly 1 km beyond the historical pit.

• Multiple regional targets, such as Cameron Lake and Abbey Lake, are being developed, pointing to bulk-scale opportunities across the property.

• A conceptual development framework for the Eagle River District is expected within 12-16 months, outlining the potential scale and value of northern trends.

Kiena mine transformation and future prospects

• Kiena is evolving from a single high-grade area to a district-scale platform, with three major zones: Kiena Deep, Kiena East, and Kiena North.

• Kiena Deep remains the near-term focus, with new drilling platforms enabling expansion into parallel high-grade zones like Norbenite Footwall.

• Kiena East represents the next growth horizon, with early drilling indicating broad mineralization and multiple high-grade structures.

• Long-term exploration targets include the Siscoe Mine area, with drilling underway to test deeper mineralization and expand the district's resource base.