Wesdome Gold Mines Ltd. Announced significant increases in mineral reserves for its 100%-owned Eagle River and Mishi gold mines, located west of Wawa, Ontario. Mineral reserves and resources estimates are updated as at December 31, 2014. Highlights: Eagle River proven and probable reserves increase 57% to 265,000 ounces at an average grade of 10.1 gAu/tonne; Mishi proven and probable surface mineable reserves increase 8% to 121,000 ounces at an average grade of 2.1 gAu/tonne; reserve blocks remain open to expansion; significant increases in definition drilling are planned in 2015, particularly at the open pit Mishi mine to further expand mineral reserves and mineral resources.

At the Eagle River Mine reserves increased 57%, net of depletion. Previous Indicated Resources and a portion of Inferred Resources were converted to reserves through detailed drilling and development work. Both the recently discovered No.

7 and 300 Zones stood up well to definition drilling and remain open in all directions. The development drift to the 300 zone is 30 metres from completion allowing for rapid incorporation into the near term mine plan. Mineralization in the mine's main 8 Zone structure remain open at depth.

At Mishi, the current plan demonstrates a life-of-mine stripping ratio of less than 3:1. Open Pit reserves increased 8%, net of depletion, with the addition of a western extension. Mineralization remains open to the east and west. Surface exploration and delineation drilling in 2015 is designed to extend known mineralization and further increase near-surface mineralization in a systematic manner.