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A Solid Foundation for a Promising Future
March 2018
TSX:WDO | 2
Cautionary StatementsForward-Looking Information
This presentation contains statements or information concerning the business, operations and financial performance and condition ofWesdome Gold Mines Ltd. (“Wesdome” or the “Company”) which constitute forward-looking statements or information (collectively,“forward-looking statements”) within the meaning of applicable Canadian securities legislation. Forward-looking statements relate tofuture events or the anticipated performance the Company and reflect management’s expectations or beliefs regarding such futureevents and anticipated performance as of the date of this presentation. Forward-looking statements include, but are not limited to,statements with respect to the timing and amount of future production, costs of production, targeted cost reductions, capitalexpenditures, the success of exploration activities, permitting time lines, government regulation of mining operations, the future price ofgold and other minerals, and the timing and issuance of permits. Generally, forward-looking information can be identified by the use ofwords such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” andvariations of such words and phrases or statements that certain actions, events, or results “may”, “could”, “would”, “might”, or “will”,“occur” or “be achieved” or the negative connotation thereof.
By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific,that contribute to the possibility that the predicted outcomes could differ materially from those contained in such statements. Theserisks and uncertainties include, but are not limited to, fluctuations in prices of commodities, fluctuations in currency markets, actualresults of additional exploration and development activities at the Company’s projects, the timing and amount of estimated futureproduction and the costs thereof, capital expenditures, the availability of any additional capital required to bring future projects intoproduction, the failure of plant, equipment or processes to operate as anticipated, accidents, or labour disputes. Risks and uncertaintiesabout Wesdome’s business are more fully discussed in the disclosure material filed with the securities regulatory authorities in Canadaand available on SEDAR under the Company’s profile at www.sedar.com. Readers are urged to read these materials and should notplace undue reliance on the forward-looking statements contained in this presentation.
Wesdome assumes no obligation to update the forward-looking information relating to beliefs, opinions, projections, or other factors,should they change, except as required by applicable securities laws.
TSX:WDO | 3
Wesdome Gold Mines Ltd.
Assets in top rated jurisdictions – Ontario and
Quebec
Low risk expansion of existing mines in proven
mining camps
New high-grade gold discovery in permitted,
de-watered former producing mine
Proven building blocks to increase shareholder value
TSX:WDO | 4
Corporate Structure
SymbolTSX:WDO
Shares Outstanding133.9 M
Options5.9 M
Warrants0
Fully Diluted139.8 M
52 Week High/Low$4.40/$1.64 (Average daily volume 900,000 shares)
Market Capitalization$250M ($2.00 Feb 15, 2018)
Cash Position$22.6 M (November 8, 2017)
No Debt
Analyst CoverageBMO Capital Markets Clarus SecuritiesDesjardins Capital Markets Echelon Wealth PartnersEight Capital PartnersIndustrial AllianceLaurentian BankM PartnersMackie Research National Bank Financial PI FinancialMajor ShareholdersVan Eck, Royal Bank Investment Management, US Global, Oppenheimer, Mackenzie Financial, 1832 Asset Management, Gabelli
Management and Directors2.2%
TSX:WDO | 5
Two Year Share Price Performance
Resolute Funds beings to reduce position
Kiena Deep discovery announced
Eagle River 303 E Lens discovery announced; Kiena
Deep potential expands 550 m laterally announced
WDO added to GDXJ (18 M shares) GDXJ methodology change announced, rebalance results
in 12 M shares liquidated from index
Resolute Funds reduces position from 20% to
9.97%
2017 gold production exceeded
Resolute Funds
further reduces position
TSX:WDO | 6
Canadian Gold Company with Three 100% Owned Projects
• 30 years of continuous gold production
• 2017 9-month operating cash flow $15 M
• 2017 Eagle River Complex production: 58,980 ozs from 2 high grade mines
• 2017 Eagle River head grades 10.6 g/t (2016: 7.8 g/t)
• Reserve and resource update Q1 2018
• High grade discovery Aug 2016 at Kiena Complex
Moss Lake, Thunder Bay, Ont.Open Pit Gold DepositResources: Indicated 1.4M oz, Inferred 1.7M oz
Eagle River Complex, Wawa, Ont.Operating Mine Complex, two deposits feed central mill @ ~850 tpdPast Prod.: 1.1 M ozReserves: P&P 518,000 ozResources: M&I 342,000 oz, Inf. 225,000 oz
Kiena, Val d’Or, QuebecProduction Suspended 2013Past Prod.: 1.75 M ozResources: M&I 450,000 oz, Inf. 400,000 ozFully Permitted Mine/Mill Complex on Standby
1 2 3
3
1 2
TSX:WDO | 7
Corporate Strategy
Near Term: STRENGTHEN
Long Term: EXPLORE
Objective: DEVELOP
Eagle River• Development of
high grade zones• Continued
operational improvements
Eagle River• 7 and 300 zones
remain open • Near mine
exploration ongoing Kiena• Kiena deep discovery
August 2016• Development of
exploration ramp nearing completion
Moss Lake• Fewer limitations
with consolidated land package
Become a diversified producer with exciting organic production growth
Continue to increase production, decrease costs and increase cash flow
TSX:WDO | 8
Mineral Reserves (2017 Year End)21% increase in Eagle River ounces; grade
increased by 32%
• Reserves and Resources as at December 31, 2017. • Mineral Resources exclusive of Mineral Reserves. • The contents of this slide have been verified and approved by Michael Michaud, P. Geo, VP Exploration for the Company and a Qualified Person
within the meaning of NI 43-101• For details, please refer to the Company’s press release dated February 26, 2018 and AIF dated February 22, 2017 available on the Company’s
website and sedar.com
TSX:WDO | 9
2017 Gold Production Guidance Exceeded Q1 2017 Q2 2017 Q3 2017 Q4
20172017 Guidance
Gold Produced(ounces)
15,162 12,529 15,493 15,797 58,980 52,000 –58,000
Cash cost per ounce sold
(CAD$/ounce)
1,099 1,237 982 1,021* 1,078* 1,030 –1,130
AISC per ounce (CAD$/ounce)
1,446 1,718 1,446 1,322* 1,519* 1,450 –1,550
Gold Sold (ounces)
12,320 13,030 13,069 19,351 57,770
Average realizedgold price
(CAD$/ounce)
1,631 1,715 1,619 1,618 1,643
Gross Revenue (CAD$ millions)
20.1 22.3 21.2 31.3 94.9
Notes: Q4 and FY 2017 cash and AISC cost figures are estimates only
TSX:WDO | 10
Grade Control: Quality Tonnes vs Quantity
0
2
4
6
8
10
12
2015 2016 2017 2018 (est)
Gold Head Grades
Gra
ms
of g
old
per t
onne
Year
TSX:WDO | 11
2018 Guidance: AISC to Reduce by 10%
Amounts are denominated in Canadian dollars
Guidance
Gold productionEagle River 55,000 – 59,000 ounces Mishi 7,000 - 9,000 ounces
62,000 – 68,000 ouncesHead grade (g/t)
Eagle River 10.1 – 10.5Mishi 2.4 – 2.8
Operating cost per ounce 1 $950 - $1,025US$750-US$800
All-in sustaining cost per ounce 1 $1,400 - $1,475US$1,100 – US$1,160
1 Operating cost per ounce and All-in sustaining cost per ounce are non-GAAP measures, please reference the Company’s management discussion and analysis for the period ended September 30, 2017 filed on SEDAR for their calculations.
TSX:WDO | 12
Exploration: Two Properties Attain Highest Grade Hits in 2017
Source: Mining Intelligence/Mining.com
TSX:WDO | 13
Eagle River Mine: 1.1 M oz of Production• Quartz diorite stock (2 km x 0.5 km) hosts 1.1 M oz of past production
at Eagle River from 8, 6 and 2 Zone structures (1995 to 2017)
• Parallel 7 and 300 Zones to north offer new potential throughout the mine
• 2017 Production: 50,996 ounces (152,591 t @ 10.6 g/t)7 Zone Surface
TSX:WDO | 14
Eagle River Parallel Gold Zones Remain Open
4200 elev4200 elev
100 m
open
open
open
open
Section 9400E(looking west)
Section 9400E(looking west)
• Discovery of two new parallel gold zones in 2013• Exploration in 2014 - 2017 leads to reserve growth with expanding potential within mine footprint • Mining of 300 Zone began in Q3 – 2015, 7 Zone in production since Q4 2016 • Recent widths at 300 North and 303 East Zones wider than previously encountered
TSX:WDO | 15
Eagle Drilling to Diversify Production Locations Longitudinal Section Looking North
303 East Lens (New)844-E-27: 28.72 gAu/t uncut (19.03 gAu/t cut) over 20.67 m true TW844-E-28: 20.75 gAu/t uncut (13.36 gAu/t cut) over 17.94 m TW
7 ZoneEU-759W: 20.4 g/tAu over 5.6 m CLEU-782: 29.5 g/tAu over 3.0 m CLEU-783: 101.0 g/tAu over 2.7 m CL
300 Zone WestEu-778: 121.3 g/t over 2.0 m CLEU-779: 1115.7 g/t over 2.4 m CLEU-780L 79.1 g/t over 3.5 m CLEU-781: 65.2 g/t over 4.0 m CLEU-782: 230.2 g/t over 2.5 m CL
300 Zone East – North Lens (New)670-125: 8.6 g/t over 32.4 m TW670-130: 14.7 g/t over 11.5 m TW
Main Lens: 670-130 9.9 g/t over 7.5 m TW670-73: 12.2 g/t over 3.5 m TW670-99: 49.9 g/t over 1.8 m TW
TSX:WDO | 16
Eagle River Parallel Structure Reserve BreakdownStructure Tonnage Grade (gAu/tonne) Contained Ounces
Percentage of P + P Reserve Ounces
Proven and Probable Reserves
No. 8 205,000 10.5 69,000 17%
No. 300 514,000 13.4 222,000 53%
No. 7 228,000 13.2 97,000 23%
Other 112,000 7.8 28,000 7%
Total 1,059,000 12.2 416,000 100%
• Reserves and Resources as at December 31, 2017. • The contents of this slide have been verified and approved by Michael Michaud, P. Geo, M.ScA, VP Exploration for the Company and a Qualified
Person within the meaning of NI 43-101• For details, please refer to the Company’s press release dated February 26, 2018 and AIF dated February 22, 2017 available on the Company’s
website and sedar.com
TSX:WDO | 17
New Production Area: 303 E Lens • Discovered January
2017
• High-grade intercepts at significantly higher widths than previously mined
• Structure currently traced from 750 metres depth to 1,000 metres depth
• Remains open
• Production commenced late Q4 2017
TSX:WDO | 18
2017 Drifting and Production Planning 300 Lens
173.7m of strike length / 2.85m average width / 22.62 g/t Au cut / 34.70 g/t Au uncut
TSX:WDO | 19
2017: 7 Zone Drifting Results Strike Increasing with Depth
Drill Highlights – 2017
• 7 Zone adjacent to existing mine infrastructure
• Zone remains open to depth and to surface
• On strike potential of over 100 metres
• 975 m level: Combined 20.66 g/t Au uncut (19.23 g/t Au Cut) over an average width of 2.1 m over a total strike length of 99.0 m
• 991 m level: Combined 23.28 g/t Au uncut (20.53 g/t Au cut) over an average width of 2.2 m over a total strike length of 104.0 m
2018 – Production from this zone will be in an area of longer strike lengths, resulting in greater mining flexibility and enhanced productivity
TSX:WDO | 20
2017 Mishi Exploration: Drilling Extends Zone to West
• 2016 reconnaissance drilling program• 2017 Exploration: 28,000 m of drilling following up on two targets, 600 m and 1700 m West
of pit - resource delineation
600 m West of Pit1.95 g/t over 29.8 m TW3.08 g/t over 15.5 m TW3.48 g/t over 17.7 m TW2.14 g/t over 22.1 m TW2.52 g/t over 18.8 m TW2.38 g/t over 11.9 m TW
1,700 m West of Pit4.28 g/t over 13.5 m TW*0.60 g/t over 31.3 m TW1.89 g/t over 32.9 m TW1.10 g/t over 31.6 m TW
* 2016 drilling
Exploration Highlights
TSX:WDO | 21
Kiena Complex, Val d’Or, Quebec• Mine on care and maintenance since mid-
2013
• 2,000 TPD permitted mill
• 930 Metre shaft
• Ramp system to 1000 m
• Underground de-watered
• Past production 1981 – 2013 12,500,00 mt @ 4.5 g/t = 1.75 M ounces produced
TSX:WDO | 22
Kiena Complex Property Ramp
TSX:WDO | 23
Kiena Deep
Kiena Mine1.8 M oz
Siscoe Mine0.9 M oz prod
Wesdome Deposit0.4 M oz Resource
Presqu’ile Deposit0.1 M oz Resource
Kiena Complex – Regional Potential
TSX:WDO | 24
Kiena Deep Discovery and Recent Drilling Why Kiena Deep:
• Large Regional Structures
• Multiple zones of ductile and brittle deformation for “openings” for Au
• Ultramafic contact tends to “pool” liquids
TSX:WDO | 25
Kiena Exploration Ramp and Current Drill Targets • Kiena Ramp Construction
announced May 3, 2017 • Estimated cost $7.6 M and
completion Q1 2018 • 500 metres of ramping
and additional 500 metres of exploration drifting
Kiena Deep drilling
• Drilling underway: 25 x 25 metre spacing
• 40,000 metres• Goal to establish Indicated
Resources by Q4
TSX:WDO | 26
New Discovery Located Near Existing Infrastructure
Existing Indicated Resources
Zone Cut Grade (cut to 34.28
g/t)
Tonnes Ounces
S50 Deep A 10.87 173,111 60,511
S50 Deep AH 8.53 68,722 18,885
S50 Deep B 3.21 514,100 53,100
TOTAL OUNCES
132,466
TSX:WDO | 27
VC Zone – Near-Term Production PotentialHighlights include:
•262.13 g/t or (17.70 g/t cut to 34.28 g/t) over 5.6 m true width in hole 6205•10.28 g/t or (8.56 g/t cut to 34.28 g/t) over 3.0 m true width in hole 6201•9.26 g/t (9.26 g/t cut) over 3.0 m true width in hole 6208
VC Zones – Important Aspect of restart program
TSX:WDO | 28
VC Zone North Extension
TSX:WDO | 29
S50 South Zone Extension
TSX:WDO | 30
Kiena Deep and S50 Extension
TSX:WDO | 31
Moss Lake - Coldstream Acquisition April 2016
• Dominant land holdings, 36 km along Shebandowan Gold Belt containing four deposits open for expansion
• Moss Lake Deposit remains open Pit and Mineral Resource constrained by property boundary
• 2017 drilling extends strike length mineralization from 2kms to 4.5 kms
• Geophysical expression (IP) extends over a strike length of 8 kms
• Potential to significantly add to resources
TSX:WDO | 32
2018 Exploration Summary
$10.8 M Exploration Drilling Budget
Eagle:3 Underground Drills
1 Surface Drill (Summer)
Kiena:3 - 4 Underground
1 Surface Drill (Summer)
Property 2018 Metres 2017 Metres 2016 Metres 2015 Metres
Eagle Underground Exploration Drilling 25,000 24,000 27,000 22,000
Eagle River Underground Definition Drilling 25,000 35,000 32,000 20,000
Eagle Surface Exploration Drilling 5,000 15,000 25,000 0
Mishi Exploration Drilling 0 15,000 25,000 5,000
Kiena Complex 62,000 45,000 10,000 0
Moss Lake 0 25,000 4,000 0
Total 117,000 159,000 123,000 47,000
TSX:WDO | 33
Summary
Experienced Managementteam with proven track
records
Eagle River:Discovering new high-
grade parallel zones close to infrastructure
Kiena:New gold discovery in
existing, permitted, de-watered former producing
mine
Pipeline of developmentprojects
Aggressive Exploration Programs in Wawa and
Val d’Or
Operations in safe jurisdiction, Canada
Low risk expansion of existing mines in proven
mining camp
Appendix
TSX:WDO | 35
Gold Production Improvements 2017 vs 2016
Amounts are denominated in Canadian dollars Q1 Q2 Q3 Q4 Full Year2017 2016 2017 2016 2017 2016 2017 2016 2017 2016
Ore milled (tonnes)Eagle River 38,578 39,839 34,960 45,305 44,421 42,617 39,291 42,607 157,250 170,369Mishi 36,641 36,287 39,117 34,006 38,638 37,660 38,197 30,714 152,591 138,668
75,219 76,126 74,077 79,311 83,059 80,277 77,488 73,321 309,841 309,037
Head grade (grams per tonne, “g/t”)Eagle River 11.5 5.6 9.8 7.5 9.7 10.1 11.3 8.2 10.6 7.9 Mishi 1.7 1.8 1.8 2.1 2.0 2.3 2.3 1.6 2.0 2.0
Gold production (ounces)Eagle River 13,588 6,254 10,597 10,210 13,313 13,193 13,499 10,595 50,996 40,252Mishi 1,574 1,782 1,932 1,937 2,181 2,474 2,298 1,292 7,985 7,485
15,162 8,036 12,529 12,147 15,493 15,667 15,797 11,887 58,980 47,737
Production sold (ounces) 12,320 8,100 13,030 11,265 13,069 15,825 19,351 13,490 57,770 48,680Revenue from gold sales ($ millions) $20.1 $13.3 $22.3 $18.5 $21.2 $27.5 $31.3 $22.3 $94.9 $81.6 Average realized price per ounce 2 $1,631 $1,640 $1,715 $1,637 $1,619 $1,740 $1,618 $1,655 $1,643 $1,676
Notes:1 Numbers may not add due to rounding.2 Average realized price per ounce of gold sold is a Non - GAAP measure. See Wesdome Q3 2017 Management Discussion & Analysis.
TSX:WDO | 36
Executive Management TeamDuncan Middlemiss, P. EngChief Executive Officer
- Professional engineer with over 25 years experience in operational management, mine rehabilitation, development and gold production
- Over 10 years of executive management experience - Most recently Chief Executive Officer of St Andrew Goldfields until its sale to Kirkland Lake Gold in
January 2016
Ben Au, CPA, CAChief Financial Officer
- Over 35 years of experience in financial management and reporting, regulatory compliance, M&A, and P&L management
- Over 11 years at Agnico Eagle Mines in increasingly senior financial reporting roles - Most recently Chief Financial Officer of St Andrew Goldfields Ltd until its acquisition by Kirkland Lake
Gold
Marc-Andre Pelletier, P.EngChief Operating Officer
- Professional engineer with over 20 years experience in operating gold mines in Canada - Over 9 years at Barrick Gold in increasingly senior operational management roles - Most recently VP Operations at St Andrew Goldfields until its acquisition by Kirkland Lake Gold
Michael Michaud, P.Geo VP, Exploration
- Professional geologist with over 30 years experience in domestic and international gold exploration and mining
- Former Principal of SRK Consulting Inc- Most recently Chief Geologist at Iamgold
Lindsay Carpenter DunlopVP, Investor Relations
- Over 10 years experience in the development and execution of investor relations programs for publicly traded resource companies
- Most recently 5 years as Director of Investor Relations at Kirkland Lake Gold
Heather LaxtonCorporate Secretary & CGO
- 20 years of corporate secretarial, corporate governance and securities regulation experience with a focus on the mining sector in Canada, Europe, Russia and West Africa
- Most recently Corporate Secretary at Kirkland Lake Gold
Stacy KimmettVP, Human Resources
- Over 20 year experience in human resources focusing on policy development, compliance, and change management
- Most recently Sr. Director, Human Resources at St Andrew Goldfields
TSX:WDO | 37
Board of DirectorsCharles Page, P.GeoChairman
- Over 40 years experience in the mineral exploration and mining industry- Most recently President and CEO of Queenston Mining, leading the discovery and
development of the Upper Beaver deposit in the Kirkland Lake gold camp, until its acquisition by Osisko Mining
Charles Main, CPA, CA
- Chartered Professional Accountant and member of the Chartered Professional Accountants of Ontario and Canada
- Over 30 years experience in finance and mining industries - Most recently Chief Financial Officer of Yamana Gold from 2003 – 2017
Duncan Middlemiss, P. EngChief Executive Officer
- Professional engineer with over 25 years experience in operational management, mine rehabilitation, development and gold production
- Over 10 years of executive management experience - Most recently Chief Executive Officer of St Andrew Goldfields until its sale to Kirkland Lake
Gold in January 2016
Nadine Miller, P. Eng- Over 15 years experience in geotechnical engineering and project management in the mining
space- Former Business Development Manager at SNC-Lavalin’s Mining and Metallurgy unit
Warwick Morely-Jepson- Over 35 years experience in the mining industry within operations, project and business
development- Formerly Chief Operating Officer and Executive VP of Kinross Gold Corp
Rolly Uloth- Over 45 years of senior management experience- Co founder of Rosedale Transport, fifth largest trucking company in Ontario
Bill Washington, MBA- Former Head of Global Mining and Metals at National Bank Financial Markets - Over 25 years experience in capital markets, focused exclusively on the mining sector
TSX:WDO | 38
Notes to Technical Disclosure Technical Disclosure
Mineral Resources
This presentation contains information regarding mineral resources estimated at the Company’s projects. Mineral resources are notmineral reserves and do not have demonstrated economic viability. Further, the quantity and grade of reported inferred mineralresources are uncertain in nature and it cannot be assumed that further exploration will result in all or any part of an inferred mineralresource being upgraded to an indicated or measured mineral resource category.
Qualified Person - Ontario
The technical information contained in this presentation has been reviewed and approved by Michael Michaud, P.Geo, M.ScA, VPExploration for the Company and a Qualified Person within the meaning of National Instrument 43-101 - Standards of Disclosure ofMineral Projects (“NI 43-101”).
Qualified Person – Quebec
The technical information contained is this presentation pertaining to Quebec properties, (“Kiena Complex and Kiena Deep”) has beenapproved and verified by Marc Ducharme, P. Geo, Chief Exploration Geologist for the Company and a Qualified Person within themeaning of National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI-43-01”).
Additional Information
Additional information about each of the mineral projects as required by NI 43-101, including key assumptions, parameters andmethods used to estimate the mineral resources presented in respect of the Company’s projects, can be found in Technical Reports filedfor each respective property on SEDAR at www.sedar.com. Other important operating information can be found in the Company's AIF,MD&A and press releases.
Financial Disclosure
Unless otherwise indicated, all dollar values herein are in CDN$.
TSX:WDO | 39
Category Tonnes Grade (gAu/Tonne) Contained Ounces
Eagle River Underground Resources
Indicated 50,700 7.3 12,000
Inferred 334,000 8.0 85,000
Mishi Open Pit Resources
Indicated 3,679,000 2.1 248,000
Inferred 764,000 2.4 59,000
Mishi Underground Resources
Indicated 567,000 4.5 82,000
Inferred 437,000 5.8 81,000
Total M + I Resources 342,000
Total Inferred Resources 225,000
Mineral Resources (2017 Year End)Operating Assets
• Reserves and Resources as at December 31, 2017. • Mineral Resources exclusive of Mineral Reserves. • The contents of this slide have been verified and approved by Michael Michaud, P. Geo, M.ScA, VP Exploration for the Company and a Qualified Person within the meaning
of NI 43-101• For details, please refer to the Company’s press release dated February 22, 2017 and AIF dated February 26, 20178available on the Company’s website and sedar.com
TSX:WDO | 40
Category Tonnes Grade (gAu/Tonne) Contained Ounces
Kiena Complex Resources
Measured 63,700 4.06 8,300
Indicated 2,439,800 5.62 441,000
Total M + I Resources 2,500,600 5.59 449,300
Total Inferred Resources 1,563,300 7.97 400,400
Moss Lake Resources
Total M + I Resources 39,795,000 1.1 1,377,000
Total Inferred Resources 50,364,000 1.1 1,751,000
Mineral Resources (2016 Year End)Development & Exploration Assets
• Reserves and Resources as at December 31, 2016. • Mineral Resources exclusive of Mineral Reserves• The contents of this slide have been verified and approved by Michael Michaud, P. Geo, M.ScA, VP Exploration for the Company and a Qualified
Person within the meaning of NI 43-101• For details, please refer to the Company’s AIF dated February 22, 2017 available on the Company’s website and sedar.com
TSX:WDO | 41
Eagle River/Mishi Complex Central Ontario
• Located in Hemlo/Wawa Gold Camp
• Celebrating 20 years of production
• 1,000,000+ oz @ 9.1 g/t Au
• Current operations ~800 tpd Mill located adjacent to Mishi open pit deposit (permitted to 1,200 tpd)
• Eagle River underground mine located 15 kms to south
TSX:WDO | 42
303 E Lens Extended Up-Plunge
TSX:WDO | 43
2017 Drilling 303 E Lens Returns Wide, High Grade Intersections
Highlights January 26, 2017
• Hole 844-E-26: 7.08 gAu/t uncut (5.86 gAu/t cut) over 8.88 m true width
• Hole 844-E-27: 28.72 gAu/t uncut (19.03 gAu/t cut) over 20.67 m true width
• Hole 844-E-28: 20.75 gAu/t uncut (13.36 gAu/t cut) over 17.94 m true width
• Hole 844-E-29: 89.61 gAu/t uncut (24.60 gAu/t cut) over 3.93 m true width
• Hole 670-131: 10.35 gAu/t uncut (10.35 gAu/t cut) over 4.32 m true width
TSX:WDO | 44
Mishi Operations: Strike and Depth Potential
Section 3550 E Section 3750 E
MISHI MINE Current OperationsEast Extension
West Extensionopen open
Plan View
M6 Zone
M2 ZoneM2 Zone
Section 3550 E (looking W) Section 3750 E (looking W)
TSX:WDO | 45
S-50 Zone Isometric View North
Drill holes2010-2012
Level 91
S-50 Zone - Conceptual Isometric 3D View• S-50 Zone depleted portion (red wireframe)
•Majority of Kiena’s production (10M tons or 1.6 M oz Au) was mined from the S-50 zone where widths range from ~15 to 50
metres wide•Thicker gold mineralized breccia zones interpreted to be part of a large deformed sigmoidal structure extending northward from
the S-50 tabular shear hosted mineralized zone
TSX:WDO | 46
Drilling Expands Kiena Deep Potential to 550 m Laterally
Feb 8 step out hole: 6.63 g/t
over 11 m uncut (6.63
m cut)
Feb 8 step out hole: 7.67 g/t
over 8.2 m uncut (5.53 m cut)
TSX:WDO | 47
Kiena Deep Drilling Constrained
TSX:WDO | 48
Moss Lake Project Optionality
Moss Lake Stock
Central Intermediate to FelsicMetavolcanic Belt
Head Lake Stock
Shebandowan Greenstone Belt
Moss Lake Deposit 1.4 M oz (Indicated @ 1.1 g/t)1.7 M oz (Inferred @ 1.1 g/t)
open
Original Property Boundary
• Moss Lake Deposit remains open • Pit and Mineral Resource constrained by property boundary• Drill Program planned in 2017 to expand deposit to the northeast onto the
Coldstream acquisition and southwest along mineralized trend• Potential to significantly add to resources
TSX:WDO | 49
2013 Moss Lake – PEA (2.5 M oz. study)
300 m
NE
SW
open
General View of Mineralized Zones Longitudinal and Plan View of Moss Lake Pit
2.5 km
SW NE
open
Highlights• Open pit mine and CIL Processing at 40,000 tpd• Life of mine strip ratio of 2.5 : 1• 10 year mine life averaging 244,000 oz. per year
- years 1-5 average 296,000 oz. per year- years 6-10 average 192,000 oz. per year
• Mill recovery: 79.2% to 84.2% (Gravity – CIL)
• Pre-production Capital: $543 M CDN• Operating costs $17.56 CDN per tonne ($922
per oz.)• Payback period: 1.75 years• After Tax NPV: $196 M at 5% discount rate• After Tax IRR of 12% (assumes Au price of
$1551 CDN)
TSX:WDO | 50
Kiena Complex Drill Core August 2016