Wesdome Gold Mines Ltd. announced additional drill results from the recently discovered Falcon 311 Zone hosted in volcanics west of the mine diorite at the Company's wholly-owned Eagle River Mine ("Eagle River") near Wawa, Ontario. Confirmation of continuity of the Falcon 311 Zone mineralization across mineable widths: Hole 857-E-24: 269.6 g/t Au over 2.3 m core length (26.7 g/t Au capped,1.5 m true width); Including 1,261 g/t Au over 0.5 m; Hole 857-E-16A: 53.0 g/t Au over 2.,9 m core length (28.6 g/t Au capped, 1.9 m true width); Hole 857-E-04: 24.7 g/t Au over 2". All assays capped at 125 g/t Au.

True widths are estimated based on 3D model construction. In 2023, an updated 3D geologic model was created west of the mine diorites to guide exploration efforts. It is interpreted that the gold mineralization occurs within an intermediate volcaniclastic, known to be more brittle and a better host for the gold mineralization than the relatively ductile encompassing mafic volcanic flow units.

Specifically, the Falcon 311 Zone gold mineralization occurs at the contact between the mine shears and their intersection with a favourable volcanic sediment. Initial surface and underground exploration drilling commenced in July 2023 to explore for additional gold mineralization in this area, which intersected well altered and mineralized quartz veins with visible gold ("VG") over narrow widths. In October 2023 (See: "Wesdome Drilling Returns High Grades in Volcanic Rocks Along Western Extension of Mineralization at the Eagle River Mine") and then again in December 2023, the Company announced drill results that returned high grade gold values West of the mine diorite.

Based on drilling to date, the Falcon 311 Zone has been delineated to extend at least 200 meters along plunge and nearly 100 meters along strike, with potential to expand to surface almost 900 metres along plunge, similar to the neighbouring Falcon 7 Zone. Based on elevated concentrations of sulphides in the Falcon 311 Zone, the Company is also investigating borehole IP for targeting.