Slide 1: Corporate Presentation
CORPORATE PRESENTATION TSX: WDO | OTCQX: WDOFF APRIL 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This presentation contains “forward-looking information” which involve a number of risks and uncertainties. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual Often, but not always, forwa
Slide 3: Simple & Compelling Value Proposition
Simple & Compelling Value Proposition High-Grade Debt-Free Canadian Gold Mines Balance Sheet1 • Large underexplored land • +$350M cash packages on prolific • Zero bank debt greenstone belts • Commenced return of capital program Robust Free Cash Organic Growth Driven by High Margins Fill-the-Mill Str
Slide 4: Two of Canada's Highest Grade Gold Mines
Two of Canada’s Highest Grade Gold Mines Eagle River (Producing, 100% Owned) Location 50 km west of Wawa, ON Greenstone Belt Mishibishu Land Package 400 km2 Reserve Gold Grade1 #1 in Canada 2P Reserves 487,000 oz | 12.3 g/t ONTARIO QUÉBEC M&I Resources2 228,000 oz | 8.8 g/t Inferred Resources2,3 229
Slide 5: Corporate Snapshot
Corporate Snapshot (C$/sh) Daily Volume Gold 1 WDO GDXJ 1 Capital Markets Data $50 8.0 TSX / OTCQX Symbols WDO / WDOFF $45 7.0 52-Week Range (TSX) $15.21 - $27.64 $40 6.0 Share Price (close on March 30, 2026) $23.06 / US$16.56 $35 5.0 Shares Outstanding / Fully Diluted 151.0M / 153.2M $30 4.0 Market
Slide 6: Built on a Culture of Ownership & Care
Built on a Culture of Ownership & Care Pillars of Wesdome’s Future Success • Operating safely and responsibly • Passionate and engaged workforce • Solid and trusting community partnerships • Making a difference through sustainable practices F2024 Carbon Footprint1 Scope 1 & 2 Emissions / AuEq oz 0.5
Slide 7: Driving Production & Margin Expansion
Driving Production & Margin Expansion $3,475 $2,433 $1,948 2026E Guidance1 $1,804 $1,525 - $1,700 $1,653 $1,518 $1,552 $1,459 180 - 2051 186 172 123 111 Kiena Eagle River 2022 2023 2024 2025 2026E Production1 Average realized gold price AISC1 (koz) (US$/oz) (US$/oz) (1) For more information on 2026
Slide 8: Growing Cash and Strengthening Balance Sheet with Liquidity of Nearly $700M
Growing Cash and Strengthening Balance Sheet with Liquidity of Nearly $700M Cash Balance ($M) Total Liquidity ($M) (as at December 31, 2025) 354 US$250M1 $354M Revolving Credit Facility Cash and Equivalents 266 188 $697M1 168 Total Liquidity 123 83 48 51 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4
Slide 9: Long Track Record of Shareholder Value Creation
Long Track Record of Shareholder Value Creation Production (oz / 000 shares) Operating Cash Flow ($ / share) Mineral Reserve (oz / 000 shares) 2025 1.2 2025 $3.04 2024 1.2 2024 $1.52 2024 7.9 2023 0.8 2023 $0.69 2023 7.7 2022 0.8 2022 $0.33 2022 7.1 2021 0.9 2021 $0.86 2021 8.2 2020 0.6 2020 $0.73 2
Slide 10: Higher Quality Across Key Benchmarks
Higher Quality Across Key Benchmarks Jurisdiction Ranking1 Reserve Grade4 2025 Return on Invested Capital5 Ranking Out of 100 (highest) Au g/t Net Operating Profit After Tax / Total Invested Capital 76 36.5% 66 10.2 54 27.1% 18.7% 1.4 1.4 2 3 WDO Peers Large Cap WDO Peers Large Cap WDO Peers Large C
Slide 11: Focused on Delivering Value Through Organic Fill-the-Mill Strategy
Focused on Delivering Value Through Organic Fill-the-Mill Strategy 1 EXPLORATION 2 GLOBAL MODEL 3 OPTIMIZING & LEVERAGING COSTS ~1,200 tpd* ~2,040 tpd* Global model & exploration success Technology & automation Exploration success and 150 - 200 mine plan optimization 100 - 150 Cut-off grade & increm
Slide 12: Multi-Year Exploration Program Prioritizes 250+ Known Targets
1 Multi-Year Exploration Program Prioritizes 250+ Known Targets Fully Funded $55 Million 270,000-Metre Drill Program in 2026 Proven Ability to Grow Production Without Depletion Converting pipeline of known targets Into higher confidence categories 2P reserves have more than doubled while significant
Slide 13: Global Model Highlights Potential to Mine Untapped Material
2 Global Model Highlights Potential to Mine Untapped Material Eagle River Mine Falcon 720 700 Zone GM1 GM30 GM31 GM20 GM28 GM2 800F GM32 GM29 2 Zone GM5 GM4 GM3 GM21 GM27 GM7 GM8 GM24 GM25 600 Zone GM26 GM12 GM15 GM9 800E GM16 Falcon 311 GM23 600A 600B 800C GM10 300B YE 2024 resource shapes GM11 GM1
Slide 14: Optimizing Costs & Leveraging Fixed Cost Base
3 Optimizing Costs & Leveraging Fixed Cost Base Assumes constant average realized gold price per ounce IMPACTS OF LEVERAGING FIXED COST BASE Current Mid-Term Margin Margin Profile* Profile* Decreasing AISC 2026E AISC US$1,525 - • Leverage fixed costs over increased production base COST OPTIMIZATION
Slide 15: Daylighting Value and Optionality in Underexplored Land Packages
Daylighting Value and Optionality in Underexplored Land Packages Illustrative Production Profile Mill Utilization2 < 50% Mill Utilization 50-75% Target 100% Mill Utilization Mishi-Magnacon, Dorset, BIF, Potential Open Pits Abbey Lake, & Regional Targets Wesdome, Siscoe Dubuisson, VC Shallow Zones &
Slide 16: Vision: Growing a Value-Driven 400-500koz Gold Producer
Vision: Growing a Value-Driven 400-500koz Gold Producer Disciplined M&A Organic Growth Accretive Growing Initiatives to Tier 1 jurisdictions Production Fill-the-Mill Industrial logic (Eagle River + Kiena) Value-add opportunities 2020 Global model across producing and Production 2024A: 172koz Strateg
Slide 17: 2026 Marks a New Chapter for Wesdome
2026 Marks a New Chapter for Wesdome Year 2 of multi-year exploration program supported by 270 kilometres of drilling Reinvesting in the June press release business with $205 million total capex 2026 announcing results of NI 43-101 technical reports Significant free cash flow expected 17
Slide 18: Eagle River
Eagle River Wawa, Ontario
Slide 19: 2+ Million Ounces of Gold Production at Eagle River Since 1995
2+ Million Ounces of Gold Production at Eagle River Since 1995 Eagle River (1995-2025): 5.5M tonnes averaging 10.6 g/t Au for production of ~1.9Moz Edwards Mine (1997-2002): 390,000 tonnes averaging grade of 11.2 g/t Au for production of 140,000 oz Mishi Mine (2002-2023): 936,000 tonnes averaging 2.
Slide 20: Northern Ontario – An Attractive Region for Gold Production
Northern Ontario – An Attractive Region for Gold Production Producing mine Roads Railroads Hemlo Marathon (Barrick) Sugar Zone Past producing mine (Vault Minerals) Development project Archean greenstone White River 0 25 50 Magino Kilometres (Alamos) Dubreuilville Island Gold (Alamos) Eagle River Waw
Slide 21: 400 km2 of Exploration Potential on the Mishibishu Greenstone Belt
400 km2 of Exploration Potential on the Mishibishu Greenstone Belt Gold mine / deposit Mishi Regional gold trend Mine Magnacon Mine Lake Superior Eagle River Wesdome property Mill Eagle River resource shapes (projected to surface) Haul road 0 2.5 5 7.5 10 Kilometres Dorset Zone Eagle River Mine Came
Slide 22: Significant Opportunity in Known Mineralized Structures at Eagle River
Significant Opportunity in Known Mineralized Structures at Eagle River Geology Birch Vein 20 km Diabase Diorite Felsic Volcanics Eagle River 2026 300 Granite Gabbro Mafic Volcanics Exploration Program Mishi and Magnacon (145,000 metres) Falcon 311 Decline Portal 6 Central Parallel Mishi and Magnacon
Slide 23: Continuing a Legacy of Growth Through Exploration at Eagle River
Continuing a Legacy of Growth Through Exploration at Eagle River 600 m mine shaft 9000E 9750E 1,700 tpd capacity 11250E (ore & waste) 720 ERS-2025-027 Falcon 11.0 g/t Au / 1.0 m 25-355-07 32.6 g/t Au / 1.7 m 200 ERS-2023-005 700 9.5 g/t Au / 1.3 m OPEN 500 -500m -500m 6 Central 6 311 758-E-570 49.1
Slide 24: Extensive Areas of Eagle River Mine's Host Rock Unit Remain Unexplored
Extensive Areas of Eagle River Mine’s Host Rock Unit Remain Unexplored +9000 E +9500 E +10000 E +10500 E +11000 E 300 Zone YE 2024 Resource shapes +10500N Unmineralized dykes +10500N 7311 Zone 311 Zone Existing development Interpreted diorite boundary Untested Drill holes portions High exploration p
Slide 25: 100+ Regional Exploration Targets Identified at Eagle River
100+ Regional Exploration Targets Identified at Eagle River Size Potential Abbey Lake < 10,000 oz 10,000 – 50,000 oz 50,000 – 100,000 oz >100,000 oz Mishi Exploration Priority Magnacon Tier 4 Tier 5 Tier 6 Exploration Program Dorset Ground geophysics Cameron Lake Structural Mapping Iron Formation So
Slide 26: Kiena
Kiena Val-d’Or, Quebec
Slide 27: Decades in Operation with 2+ Million Ounces of Gold Produced
Decades in Operation with 2+ Million Ounces of Gold Produced 2021-2025 Kiena Production 2006-2013 0.8 Mt averaging 1981-2002 1.8 Mt averaging 3.4 g/t Au for 9.2 g/t Au for production 10.7Mt averaging 4.5 g/t Au for production of 1.56Moz production of 0.20Moz of 0.24Moz * 1984 2003 2021 Falconbridge
Slide 28: Abitibi Greenstone Belt Hosts Prolific Gold Region
Abitibi Greenstone Belt Hosts Prolific Gold Region ONTARIO QUÉBEC N Perron Amex Fenn-Gib Mayfair Holt Holloway LaRonde Agnico Eagle Val-d’Or East Bell Creek Agnico Eagle Hoyle Pond Taylor Probe Pan American Elder Westwood Discovery Silver Agnico Eagle Lapa Beaufor Porcupine-Destor Fault Abcourt IAMG
Slide 29: Largely Unexplored Prolific Land Package at Kiena
Largely Unexplored Prolific Land Package at Kiena NORTHERN CORRIDOR Wesdome Mine (never mined - 205koz at 4.9 g/t inferred) Kiena land package Siscoe Mine K Shear Zone (past production - 882koz at 9.2 g/t -1929-1949) Gold trend Lake Norbenite Fault Land Marbenite Fault Resource shapes SOUTHERN CORRI
Slide 30: Unlocking Kiena's Exploration Potential to Drive Shareholder Value
Unlocking Kiena’s Exploration Potential to Drive Shareholder Value Kiena 2026 Exploration Program Northwest (125,000 metres) Mineral resource shapes Presqu’île Northeast VC 55,000 m Dubuisson Greenfield Wesdome Footwall Wall Shawkey Kiena Deep Northwest Hanging Wall Northeast 134 Zone 25,000 m Brown
Slide 31: Increasing Operational Flexibility at Kiena
Increasing Operational Flexibility at Kiena New ramp Existing shaft 2 2 to surface to 930m depth 0m Presqu’île Exploration Level 11 3 (Presqu’île) 1 Level 33 Exploration 3 (Shawkey, Wish Area) Presqu’île Level 33 active mining area -500 m 3 1 Three active mining areas -1,000 m Level 109 Exploration
Slide 32: High-Grade Opportunities Across 5-Kilometre Mineralized Trend
High-Grade Opportunities Across 5-Kilometre Mineralized Trend NW-25-023 930 m mine shaft DU-24-003 DB-25-064 203.0 g/t Au / 1.2 m* 1,250 tpd capacity 19.2 g/t Au / 3.2 m* 8.1 g/t Au / 9.3 m* (ore & waste) 10.7 g/t Au / 9.3 m* DB-24-045 Wisik 12.6 g/t Au / 9.8 m* 17.0 g/t Au / 11.9 m* Shawkey 20.8 g/
Slide 33: Extensive Regional Exploration Targets Identified at Kiena
Extensive Regional Exploration Targets Identified at Kiena Size Potential < 10,000 oz 10,000 – 50,000 oz 50,000 – 100,000 oz >100,000 oz Wesdome Exploration Priority Tier 4 Tier 5 Northwest Tier 6 Landmarks 134 Zone Exploration Shaft Presqu’île Dubuisson Past Producing Shaft Producing Shaft Kiena De
Slide 34: Appendix
Appendix
Slide 35: Senior Leadership & Board of Directors
Senior Leadership & Board of Directors Senior Leadership Anthea Bath Philip C. Yee Tyler Mitchelson Christine Barwell President & Chief Executive Officer Chief Financial Officer Interim Chief Operating Officer Senior Vice President Human Resources Raj Gill Jono Lawrence Kevin Lonergan Jim Dainard Se
Slide 36: 2026 Guidance
2026 Guidance Unit Eagle River Kiena Consolidated Guidance Production Gold production (oz) 105,000 – 115,000 75,000 – 90,000 180,000 – 205,000 Grade (g/t) 13.0 – 14.0 8.0 – 9.5 10.0 – 12.0 Operating Costs & Expenses Depreciation and depletion ($M) $55 $75 $130 Corporate and general1 ($M) $15 $15 $30
Slide 37: Consolidated Financial Highlights
Consolidated Financial Highlights In $000s, except per units and per share amounts FY 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2025 FY2024 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Financial results Revenue2 914,325 287,875 230,284 208,548 187,618 558,184 182,611 146,852 127,799 100,922 Cash margin1 656,643 211,239 16
Slide 38: Operational Highlights
Operational Highlights FY 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2025 FY 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Ore milled (tonnes) Eagle River 257,448 77,240 71,575 48,623 60,010 222,526 60,358 57,984 52,552 51,632 Kiena 219,166 70,030 50,147 50,299 48,690 216,755 62,421 51,321 57,669 45,344 Throughput 476,
Slide 39: Mineral Reserve Estimate
Mineral Reserve Estimate Mineral Reserve Estimate Notes to Mineral Reserve Estimate December 31, 2024 December 31, 2023 1. Mineral reserves are reported above with the following cut-off grades: • 4.53 g/t Au for Kiena Deep Tonnes Grade Ounces Tonnes Grade Ounces • 3.35g/t Au for Presqu’île (000s) (g
Slide 40: Mineral Resource Estimate
Mineral Resource Estimate Mineral Resource Estimate Notes to Mineral Resource Estimate December 31, 2024 December 31, 2023 1. Mineral resources are reported exclusive of mineral reserves; mineral resources that are not mineral reserves do not have demonstrated economic viability. Tonnes Grade Ounces
Slide 41: Non-IFRS Performance Measures
Non-IFRS Performance Measures Wesdome uses non-IFRS performance measures throughout this presentation as it believes that these generally accepted industry performance measures provide a useful indication of the Company’s operational performance. These non-IFRS performance measures do not have stand
Slide 42: Investor Relations
Investor Relations Raj Gill SVP, Corporate Development & Investor Relations Trish Moran VP, Investor Relations Phone: +1 (416) 564-4290 Email: trish.moran@wesdome.com Careers @Wesdome Gold Mines Corporate Head Office 220 Bay St, Suite 1200 Toronto, ON M5J 2W4