To: Goose94 who wrote (13291 ) 12/18/2015 12:57:42 PM From: Goose94 Read Replies (1) | Respond to of 203382 Wesdome Gold Mines (WDO-T) Dec 18, '15 is pleased to announce that, subject to final approval of the Toronto Stock Exchange, it has closed its previously announced private placement of 1,818,182 flow-through common shares of Wesdome at a price of $1.65 per Flow-Through Share for gross proceeds of $3,000,000. In connection with the Offering, Wesdome paid a cash finders' fee in the aggregate amount of $105,000 to M Partners Inc. and Dundee Securities Ltd., representing 3.5% of the gross proceeds from the Offering. Wesdome intends to use the majority of the gross proceeds from the Offering to advance its exploration programs at the Eagle River camp near Wawa, Ontario; and to a lesser extent, at its Moss Lake, Ontario and Val d'Or, Quebec properties. The Flow-Through Shares will be subject to a four-month hold period in accordance with applicable Canadian securities laws. This press release is not an offer of securities for sale in the United States. The shares being offered have not been and will not be registered under the United States Securities Act 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of the United States Securities Act 1933.ABOUT WESDOME Wesdome Gold Mines Ltd. is in its 28th year of continuous gold mining operations in Canada. The Company is currently producing gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River and Mishi gold mines. Wesdome's goal is to expand current operations at both mines over the next four years through mill expansion and exploration. Wesdome has significant upside through ownership of its two other properties, the Kiena Mine Complex in Val d'Or, Quebec and the Moss Lake gold deposit located 100 kilometres west of Thunder Bay, Ontario. These assets are being explored and evaluated to be developed in the appropriate gold price environment. The Company has approximately 116 million shares issued and outstanding and trades on the TSX under the symbol "WDO". SOURCE Wesdome Gold Mines Ltd. Lindsay Carpenter Dunlop, Vice President, Investor Relations, 416-360-3743 ext. 25, ldunlop@wesdome.com ; or Hemdat Sawh, Chief Financial Officer, 416-360-3743 ext. 27, hsawh@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.com