WESDOME PROVIDES OPERATIONAL UPDATES AT EAGLE RIVER AND KIENA

TORONTO, April 08, 2020 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces updates on operations and activities at the Eagle River Complex in Wawa, Ontario and the Kiena Complex in Val d’Or, Quebec.

The Eagle River complex has further reduced operations, which will be in effect until the resumption of normal activities is deemed safe and appropriate.  Non-production related work, such as exploration, and mine construction activities, and the Mishi Open Pit operations have all been suspended in order to facilitate significant crew reductions and allow for enhanced physical distancing to limit the potential spread of the COVID-19 virus. Based on results to date and short-term forecasts, the Company is maintaining production guidance of 90,000 – 100,000 ounces.

Additionally, in accordance with an order issued by the Government of Quebec extending the closure of non-essential services until May 4, 2020, drilling, development, and construction activities at the Kiena Complex will remain suspended. The Preliminary Economic Assessment remains on schedule to be published this quarter.

Mr. Duncan Middlemiss, President and CEO, stated, “We continue to stringently monitor the health and safety recommendations and measures of the COVID-19 pandemic. In addition to ongoing medical screening, staggered scheduling of crews, implementation of travel restrictions, and enhanced cleaning and food handling protocols, we have also significantly reduced crew numbers at the Eagle River Mine. The health and safety of the community, our employees and contractors are our first priority, and we are committed to supporting all health recommendations and orders as it relates to the COVID-19 pandemic. In support of the local communities where we operate, we continue to financially support various initiatives, which help our stakeholders throughout these unprecedented times, and will continue to do so. To date, there have been no suspected COVID-19 cases at the Company’s operations or corporate offices.”

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, which is being explored and evaluated to be developed in the appropriate gold price environment. The Company has approximately 138.2 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol “WDO.”