Wesdome Gold Mines Annual and Special Meeting of

Shareholders

June 2017

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

Board of Directors: Significant Industry Experience Charles 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 Crop

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 | 4

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

Hemdat Sawh, CPA, CAChief Financial Officer

- Former principal at Grant Thorton LLP- Over 16 years executive management experience at publicly traded mining companies- Most recently Chief Financial Officer of Scorpio Mining until its merger with US Silver

Philip Ng, P.Eng, M.EngChief Operating Officer

- Professional engineer with over 20 years experience in Canadian underground and open pit mines- Most recently held the position of COO at Queenston Mining prior to its takeover by Osisko Mining;

prior to that spent 5 years as VP Operations at Claude Resources

George Mannard, P,Geo, MSc.A VP, Exploration

- Professional geologist with over 30 years experience, 20+ years with Wesdome- Co-credited with the discovery of Louvicourt- Developed 8 new gold mines

Benoit Laplante, P.Eng, MSc.AVP, Corporate Development

- Professional engineer with over 30 years experience in Canadian mines- Numerous senior level positions at intermediate and junior producers including Noranda, Aurizon, and

North American Palladium

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

Marc-Andre PelletierVP, Quebec Operations

- Over 20 years experience in operating gold mines in Canada - Most recently VP Operations at St Andrew Goldfields

TSX:WDO | 5

Corporate Structure

SymbolTSX:WDO

Shares Outstanding133.8 M

Options5.2 M

Warrants0

Fully Diluted139 M

52 Week High/Low$4.40/$1.47 (Average daily volume 900,000 shares)

Market Capitalization$440M ($3.29 June 20, 2017)

Cash Position$29.6 M (Mar 31, 2017)

No Debt

Analyst CoverageClarus SecuritiesEchelon Wealth PartnersEight Capital PartnersIndustrial AllianceLaurentian Bank National Bank FinancialPI FinancialMajor ShareholdersResolute Funds, Van Eck, Royal Bank Investment Management, US Global, Oppenheimer, Mackenzie Financial, 1832 Asset Management, Gabelli

Management and Directors2.2%

TSX:WDO | 6

One Year Share Price Performance

TSX:WDO | 7

Review of the Last 12 Months July 2016• Duncan Middlemiss appointed CEO upon Rolly Uloth’s retirement August 2016 • Kiena Deep Discovery in Val d’Or, Quebec announced October 2016 • Q3/16 Production of 15,667 ounces, a 29% improvement over Q2/16 as a result of an operations optimization plan to re-

sequence underground development and lower costs November 2016• Q3/16 Free cash flow generation of $4.6 M January 2017• Largest exploration program in the Company’s history announced - $13.1 M spend amongst all four properties: Eagle River

Underground Mine, Mishi Open Pit Mine, Kiena Complex, and Moss Lake • Discovery of the 303 E Lens at the Eagle River Underground Mine in Wawa, Ontario – wide widths and high grades February 2017 • Drilling Expands Kiena Deep discovery to 550 M laterally • FY/16 Operating Cash Flow of CAD$19.9 M vs FY/15 CAD$10.0 M• FY/16 Net Income of CAD$7.8 M or $0.06/share vs FY/15 loss of (CAD$4.7 M or 0.04/share) • Mineral reserves net of 2016 production increased for the fourth consecutive year April 2017• Operations optimization program continues to bear fruit – Q1/17 production of 15,162 ounces, multiple high grade zones in

production which will continue for the next few years May 2017 • Cost cutting program beginning to demonstrate results – Q1/17 operating costs of $1,056/ounce, in the low end of

Company cost guidance range. Costs expected to be lower in H2/17 • Decision taken to drive an exploration ramp at Kiena• Company becomes debt free after convertible debenture comes due ($5.0 M of $7.0 M converted) • Board strengthened with two new director nominees, Charles Main and Warwick Morely-Jepson • Development of the 303 E Lens begins, stope production expected in Q4/17

TSX:WDO | 8

Canadian Gold Company with Three 100% Owned Projects

• 30 years of continuous gold production

• 2016 Cash flow from operations $19.9 M

• Eagle River Complex produced 47,737 ozs in 2016 from 2 high grade mines

• Executing an aggressive company wide exploration program on all assets

• High grade discovery Aug 2016 at Kiena Complex

• Drilling initiated at Moss Lake Dec 2016

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 446,000 ozResources: M&I 330,000 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

1

2 3

TSX:WDO | 9

2017 Production and Cost GuidanceCombined gold production 52,000 and 58,000 ounces

Q1 2017 Production on track: 15,162 ounces

Combined Operating Cost per ounce: CAD$1,030 - $1,130 per ounce (USD$765 – $835 per ounce)

Combined All-In Sustaining Costs per ounce sold:

CAD$1,450 - $1,550 per ounce (USD$1,075 - $1,150 per ounce)

Sustaining Capex ~CAD$13 – $17 M per year Growth/Project Capex of ~CAD$3

M

Potential to increase tonnage from the Eagle River Underground Mine

Scoping Study at Mishi Open Pit Mine to determine appropriate open pit scenario

2017 Guidance:Eagle River Underground Mine 45,000 – 49,000 ounces @ 8.8 – 9.2 g/t

Mishi Open Pit Mine 7,000 – 9,000 ounces @ 1.8 - 2.2 g/t

Q1 2017 Production Results:Eagle River Underground Mine 13,588 ounces @ 11.5 g/t

Mishi Open Pit Mine 1,574 ounces @ 1.7 g/t

Eagle River reserve grade: 9.2 g/t

Mishi reserve grade: 2.0 g/t

TSX:WDO | 10

Q1 2017 Operating Results Operational Results – 1st Quarter 2017 and 2016

Quarter ended March 312017 2016

Eagle tonnes milled 38,578 39,839Mishi tonnes milled 36,641 36,287Total tonnes milled 75,219 76,126Eagle grade (g/t) 11.5 5.6Mishi grade (g/t) 1.7 1.8Eagle River Mine mill recovery (%) 95.3 88.0Mishi Mine mill recovery (%) 80.9 85.0Eagle recovered grade (g/t) 11.0 4.9Mishi recovered grade (g/t) 1.4 1.5Eagle ounces produced 13,588 6,254Mishi ounces produced 1,574 1,782Total ounces produced 15,162 8,036Ounces sold 12,320 8,100Average realized price (CAD$/oz) 1,631 1,640Production cash costs (CAD$/oz) 1,056 1,766All-in-sustaining costs (CAD$/oz) 1,474 2,428Revenue $20 M $13 MCash Flow from Operations (loss) $5M ($2.8) MNet Income (loss) $0.7 M ($3.3) MEPS $0.01 ($0.03)Free Cash Flow ($4.2) M ($7.2) M

TSX:WDO | 11

Mineral Reserves (2016 Year End)15% increase at Eagle River net of depletion

Category Tonnes Grade (gAu/Tonne) Contained Ounces

Eagle River Underground Reserves

Proven 208,000 10.2 68,000

Probable 949,000 9.0 276,000

Eagle Proven + Probable 1,157,000 9.2 344,000

Mishi Open Pit Reserves

Proven 259,000 1.8 15,000

Probable 1,361,000 2.0 87,000

Mishi Proven + Probable 1,620,000 2.0 102,000

Please refer to Notes to Technical Disclosure in the Appendix

TSX:WDO | 12

Category Tonnes Grade (gAu/Tonne) Contained Ounces

Eagle River Underground Resources

Inferred 327,000 8.1 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 330,000

Total Inferred Resources 225,000

Mineral Resources (2016 Year End)Operating Assets

Please refer to Notes to Technical Disclosure in the Appendix

TSX:WDO | 13

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

Please refer to Notes to Technical Disclosure in the Appendix

TSX:WDO | 14

2017 Exploration Summary – Commitment to Sustainability

$13.1 M Exploration Drilling Budget

$5M Moss Lake$4M Wawa$4M Kiena

Ontario:Eagle: 3 Drills Mishi: 1 drills

Moss Lake: 2 drills

Quebec:Kiena: 4 drills H1/17 2

drills H2/17 concurrent with ramp construction

Property 2017 Metres 2016 Metres 2015 Metres

Eagle Underground Exploration Drilling 25,000 40,000 17,000

Eagle Surface Exploration Drilling 15,000 25,000 0

Mishi Exploration Drilling 15,000 25,000 5,000

Kiena Complex 45,000 10,000 0

Moss Lake 40,000 4,000 0

Total 140,000 104,000 22,000

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

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 | 17

2017 Drifting and Production Planning

173.7m of strike length / 2.85m average width / 22.62 g/t Au cut / 34.70 g/t Au uncut

TSX:WDO | 18

2017 Mishi Exploration: Drilling Extends Zone to West

• 2016 reconnaissance drilling program• 2017 Exploration: 15,000 m of drilling to follow 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 | 19

Kiena Complex, Val d’Or, Quebec

TSX:WDO | 20

Kiena Deep Discovery: Plan View• Mine on care and maintenance since

mid-2013

• Mine/Mill infrastructure in good shape

• 4 drill rigs operating from U/G platforms testing for repetition along a Z-fold interpretation up to 500 metres below existing infrastructure

• 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 | 21

Kiena Deep: Challenging Drilling Conditions

TSX:WDO | 22

Kiena Deep Project – Initial Interpretation

91 LVL

100 LVL

TSX:WDO | 23

Open at depth

Kiena Deep Project – S50 Zone Extension

Level 100

Level 98Level 96

5.00 g/t Au over 11.7m

• Partially Developed Resources

• Untested room to extend depth

TSX:WDO | 24

Kiena Deep Project – S50 Zone & South Zone Extension

Level 38

South Zone

S50 Zone6.8 g/t Au over 18.5m

4.9 g/t Au over 16.6m

21.0 g/t Au over 7.5m

10.6 g/t Au over 5.1m

Other targets open at depth

TSX:WDO | 25

Kiena Deep Project – VC Zone & North Zone Extension

North Zone

Open at depth

Open at depth

VC Zone

Level 67Level 62

Level 52

Level 43

5.41 g/t Au over 14.3m

10.90 g/t Au over 6.6m

48.82 g/t Au over 1.4m

Other targets open at depth

TSX:WDO | 26

Komatiite

Level 67

Level 77

Drill 1Level 67

Drill 2(Level 96-98)

Level 91

Level 100

Exploration rampZone A

Zone B

Upper Quartz Zone

Kiena Deep Project – Drill Location & Proposed Ramp

N

TSX:WDO | 27

Moss Lake - Coldstream Acquisition April 2016

• Coldstream and Hamlin Properties are adjacent to Moss Lake deposit• Purchased for $400,000 cash; and 454,545 common shares• Acquisition eliminates historic property boundary along strike of Moss Lake deposit• Dominant land holdings, 36 km along Shebandowan Gold Belt containing four

deposits open for expansion• Exploration drilling program 2017 with 2 drill rigs

TSX:WDO | 28

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 | 29

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

Cost cutting program underway at Eagle River

Pipeline of developmentprojects

Aggressive Exploration Programs on all Company

Assets in 2017

Operations in safe jurisdiction, Canada

New Board of Directors Contain Significant Mining

and Public Company experience

Appendix

TSX:WDO | 31

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 George N. Mannard, 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 | 32

Kiena Complex Drill Core August 2016