Wesdome receives regulatory approval for Kiena zone

Executive Summary

• Wesdome Gold Mines Ltd. has secured regulatory approval, including an updated certificate of authorization and a mine lease, for the Presqu'ile zone at its Kiena mine in Val d'Or, Quebec.
• Production from the Presqu'ile zone is expected to commence ahead of the originally scheduled 2026 timeline.
• The Presqu'ile zone is a near-surface deposit with direct ramp access, identified as a key component for achieving Kiena's 2026 production guidance and supporting the company's "fill-the-mill" strategy.

Key Details

• Regulatory Approvals: Received an updated certificate of authorization and a mine lease for the Presqu'ile zone.
• Location: Presqu'ile zone is located at the wholly owned Kiena mine in Val d'Or, Quebec.
• Deposit Characteristics: Described as a near-surface deposit with direct ramp access to surface.
• Production Timeline: Production is expected to commence ahead of the 2026 schedule originally set out in mine plans.
• Production Volume: Once fully ramped up, the new zone is expected to deliver between 250 and 400 tonnes per day of additional ore to Kiena's mill.
• Strategic Importance: Incremental ore from Presqu'ile is a key component in achieving Kiena's 2026 production guidance and is an important step towards delivering on the "fill-the-mill" strategy.

Notable Quotes

• Anthea Bath, President and CEO: "We are pleased to share that production from the Presqu'ile zone is expected to commence ahead of schedule, advancing timelines originally set out in our mine plans. Incremental ore from Presqu'ile is a key component in achieving Kiena's 2026 production guidance and an important step towards delivering on our fill-the-mill strategy. Once fully ramped up, this new zone is expected to deliver between 250 and 400 tonnes per day of additional ore to Kiena's mill."
• Kevin Weston, General Manager of Kiena: "I would like to thank the Kiena team for their dedication and hard work on securing the mining lease for Presqu'ile and in carefully preparing for upcoming mining activities in a disciplined, safe and responsible manner. This achievement reflects the high quality of teamwork at Kiena and the collaborative relationships we've built with government."