Wesdome Gold Mines Ltd. (OTCQX: WDOFF) today announced that Chief Operating Officer Guy Belleau will depart the Company effective January 30, 2026. Interim COO responsibilities will be assumed by Tyler Mitchelson, a Chartered Accountant and University of Manitoba commerce graduate. Mitchelson brings over a decade of leadership experience in base metals and precious metals mining, including roles as Senior Vice President, Copper Growth at Teck Resources Limited (2022–2025), CEO of Metallurgical Coal at Anglo American, and President & CEO of Royal Nickel Corporation. The Board thanked Belleau for his contribution to safety performance and operational excellence, and emphasized Mitchelson’s track record in delivering strategic outcomes, cost controls and project development under challenging market conditions.

For the year ended December 31, 2025, Wesdome achieved record consolidated gold production of 185,575 ounces, a 7.8% increase over 2024, driven by Eagle River (112,767 ounces) and Kiena (72,808 ounces). Ore milled rose to 476,614 tonnes, up 8.5%, with average head grade of 12.4 g/t at Eagle River and 10.5 g/t at Kiena. Production sold totaled 188,031 ounces. Strong free cash flow tripled the Company’s cash position to over $350 million. For 2026, WDOFF guides consolidated output of 180,000–205,000 ounces, supported by continuous‐improvement programs at Eagle River (105,000–115,000 ounces) and expanded mining areas at Kiena (75,000–90,000 ounces). The exploration budget is set at $55 million to pursue step‐out drilling. Cash costs are forecast at US$1,050–1,150 per ounce and all‐in sustaining costs at US$1,525–1,700 per ounce. Total capital investment of $205 million includes $95 million of growth capital across both assets.

Wesdome’s balance sheet strength underpins a US$100 per ounce gold price sensitivity of approximately $20 million in annual free cash flow. In 2025, the Company repurchased 706,100 shares under its normal course issuer bid, representing 25% of the $60 million program, at an average of $20.37 per share. For 2026, the Board remains committed to opportunistic share buybacks, targeted high‐return organic growth investments and maintaining an effective corporate tax rate consistent with the prior year.