SOURCE: Wesdome Gold Mines Ltd.

Wesdome Gold Mines Ltd.

May 10, 2017 13:30 ET

Wesdome Announces Director Nominees for 2017 Annual and Special Meeting of Shareholders

TORONTO, ON--(Marketwired - May 10, 2017) - Wesdome Gold Mines Ltd. (TSX: WDO) ("Wesdome" or the "Company") today invites shareholders to attend the Annual and Special Meeting of Shareholders (the "Meeting") on Wednesday, June 21, 2017 at 10:00 a.m. E.T. at the offices of McMillan LLP, Brookfield Place, 181 Bay Street, Suite 4400, Toronto, Ontario.

In connection with the Meeting, the Company is pleased to announce that the Governance and Nominating Committee has recommended, and the Board of Directors (the "Board") has approved, the 2017 Director nominees.

Charles (Chuck) Main and Warwick Morely-Jepson will stand for election at the meeting as new Director nominees while Charles Page, Duncan Middlemiss, Nadine Miller, Bill Washington, and Rowland Uloth will stand for re-election. Barry Smith has informed the Board that he will be retiring from his role as a Director of the Company, and will not stand for re-election.

Mr. Charles Page, Chair of the Board, commented "Pending the approval of shareholders, we are excited to welcome Chuck and Warwick to the team. Warwick's extensive operating and project development experience and Chuck's proven financial acumen will be tremendous assets as we continue to develop the Company's portfolio of assets. On behalf of the Board, I would also like to thank Barry for his many years of service and valuable contributions as a Director of the Company, and we wish him all the very best in his retirement."

"Additionally, the Company wishes to congratulate President and Chief Executive Officer Duncan Middlemiss on being the recipient of the Canadian Institute of Mining, Metallurgy and Petroleum's 2017 Mining Engineering Outstanding Achievement award. This acknowledgement is a testament to Duncan's skill and abilities as a mine operator, and reflects his success in optimizing gold mining operations in Canada," concluded Mr. Page.

New director nominee biographies and Meeting details:

Charles B. Main

Mr. Main has over 30 years' of experience in the finance and mining industries. Most recently he was Executive Vice President, Finance and Chief Financial Officer of Yamana Gold Inc. from August 2003 to March 2017. Prior to joining Yamana, Mr. Main held the principal positions of Director of Corporate Development of Newmont Capital Corporation and Vice President of Normandy Mining Limited and Outokumpu Mines Ltd, Vice President, Finance of TVX Gold, and was with PriceWaterhouseCoopers for 10 years. Mr. Main is a Chartered Professional Accountant and a member of the Chartered Professional Accountants of Ontario and Canada. Mr. Main holds a Bachelor of Commerce degree from McGill University.

Warwick Morley-Jepson

Mr. Morley-Jepson has more than 35 years' experience in the mining industry, within operations, project and business development in the precious metal sector. He served as Executive Vice President and Chief Operating Officer of Kinross Gold Corporation from October 2014 to December 2016, and as Senior Vice President, Operations, and Vice President and Regional Vice President -- Russia, between October 2009 and October 2014. Prior to joining Kinross, Mr. Morley-Jepson served as Chief Executive Officer of SUN Gold, a privately-held gold mining company with interests in Russia and Kazakhstan. Prior to that he was Managing Director of Barrick Africa, Barrick Platinum South Africa and three Russian-based companies in the Barrick group, and spent several years with Placer Dome leading their South African project and business development efforts. He graduated in the faculty of Mechanical Engineering (HND) at the Technicon Witwatersrand now part of the University of Johannesburg. He has undertaken a number of technical, managerial and financial programs during his career, most notably the 'Management Development Program' at Graduate School of Business, Cape Town University and 'Management in the Mining Industry' at Witwatersrand School of Business, University of the Witwatersrand. Most recently (Feb 2012), Finance for Senior Executives at Harvard Business School.

Meeting Details

Shareholders of record as of the close of business on May 9, 2017, being the record date, will be eligible to vote on the business of the Meeting. Details regarding the business of the Meeting are contained in the Meeting materials, which will be mailed to shareholders and made available on the Company's website and on SEDAR on May 16, 2017. Meeting materials are also available upon request by emailing the Company at info@wesdome.com.

ABOUT WESDOME

Wesdome Gold Mines is in its 30th year 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 133 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO."

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Contact Information

  • For further information, please contact:

    Duncan Middlemiss
    President and CEO
    416-360-3743 ext. 29
    dmiddlemiss@wesdome.com

    Lindsay Carpenter Dunlop
    VP Investor Relations
    416-360-3743 ext. 25
    ldunlop@wesdome.com

    8 King St. East, Suite 811
    Toronto, ON, M5C 1B5
    Toll Free: 1-866-4-WDO-TSX
    Phone: 416-360-3743, Fax: 416-360-7620
    Website: www.wesdome.co