Wesdome Gold Mines Ltd. Toronto. TSX : WDO, The Wesdome mining group has been producing gold since 1987.

Since 1987 it has put five gold mines into production and assembled strategic property and mining infrastructure in Val d’Or, Quebec and Wawa, Ontario.

Its strategy is one of regional development around existing wholly-owned infrastructure in politically stable, historically proven mining regions. Its vision is to provide investors with exposure to a growing, unhedged gold production profile in a rising gold market.

Over the last two years, the group consolidated its assets under a single corporate umbrella – WESDOME GOLD MINES LTD. In 2006, the Company produced 52,969 ounces of gold and enjoyed a very successful exploration campaign that grew reserves.

In 2007, the Company produced 72,085 ounces and invested to develop reserves and further increase production in 2008. This year we are well on track to produce in excess of 80,000 ounces of gold.

Ample potential for further organic growth through exploration and development of its extensive, prospective land holdings bodes well for continued growth.

Wesdome Gold Mines is 100% unhedged and has never hedged. Our strengths are quality gold deposits and an experienced, efficient operating team. Wesdome Gold Mines is a low-overhead, no-nonsense, owner-operated company working for its shareholders. Furthermore, Wesdome Gold Mines has the capacity to build and operate underground gold mines, a rare skill in an era driven by contract mining.

" It is encouraging to see the combined effects of cost control and higher gold prices follow through in the financial performance.

We are fortunate to have an improving balance sheet and no need to tap capital markets during these volatile and uncertain times.

We are discouraged, in light of these improvements, with our recent share price performance.

We feel the markets will recognize our achievements as confidence returns. We also feel that over the longer term conditions are more supportive than ever for higher future gold prices. "

Rowland Uloth, President. November 11, 2008