Wesdome Announces Results of Annual General Meeting
TORONTO, May 24, 2023 - Wesdome Gold Mines Ltd. (TSX: WDO) (the "Company") announces the results of the Company's 2023 Annual General Meeting of shareholders (the "Meeting") held today. A replay of the Meeting is available on the Company's website.
A total of 85,770,837 common shares were represented at the Meeting, representing 58.14% of the total issued and outstanding common shares of the Company.
All matters presented for shareholder approval at the Meeting were approved, as follows:
| a) | Appointment of Grant Thornton LLP as auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration; | |
| b) | Election of the directors of the Company for the ensuing year; and | |
| c) | Approval of an advisory non-binding resolution accepting the approach to executive compensation disclosed in the Management Information Circular of the Corporation dated April 11, 2023. | |
Election of Directors
The following seven individuals were elected as directors of the Company, until the next annual meeting of shareholders, as set out in the table below:
Name of Nominee | Votes cast FOR | % of votes cast FOR | Votes cast WITHHELD | % of votes cast WITHHELD |
| Louise Grondin | 80,704,044 | 97.44% | 2,121,441 | 2.56% |
| Charles Main | 78,952,658 | 95.32% | 3,872,827 | 4.68% |
| Nadine Miller | 79,877,191 | 96.44% | 2,948,294 | 3.56% |
| Warwick Morley-Jepson | 79,567,939 | 96.07% | 3,257,546 | 3.93% |
| Brian Skanderbeg | 80,682,666 | 97.41% | 2,142,819 | 2.59% |
| Edie Thome | 79,137,110 | 95.55% | 3,688,375 | 4.45% |
| Bill Washington | 80,231,172 | 96.87% | 2,594,313 | 3.13% |
Re-Appointment of Auditors
Based on proxies received and votes cast by show of hands during the Meeting, Grant Thornton LLP, Chartered Accountants, were appointed as independent auditors of the Company for the ensuing year and the directors are authorized to fix their remuneration, with the following results:
| Votes cast FOR | % of votes cast FOR | Votes cast WITHHELD | % of votes cast WITHHELD | |
| Appointment of Auditors | 83,653,828 | 98.09% | 1,625,425 | 1.91% |
Advisory Vote on Executive Compensation
Based on proxies received and votes cast by ballot during the Meeting, the advisory non-binding resolution accepting the approach to executive compensation disclosed in the Management Information Circular of the Corporation dated April 11, 2023 was approved, with the following vote result:
| Votes cast FOR | % of votes cast FOR | Votes cast AGAINST | % of votes cast AGAINST | |
| Advisory Vote on Executive Compensation | 80,433,169 | 98.75% | 1,016,813 | 1.25% |
Please refer to the Company's Report of Voting Results filed on SEDAR at www.sedar.com for further details on the above matters.
ABOUT WESDOME
Wesdome is a Canadian focused gold producer with two high grade underground assets, the Eagle River mine in Ontario and the recently commissioned Kiena mine in Quebec. The Company's primary goal is to responsibly leverage this operating platform and high-quality brownfield and greenfield exploration pipeline to build Canada's next intermediate gold producer. Wesdome trades on the Toronto Stock Exchange under the symbol "WDO," with a secondary listing on the OTCQX under the symbol "WDOFF."
For further information, please contact:
| Warwick Morley-Jepson Board Chair & Interim CEO 416-360-3743 ext. 2029 w.morley-jepson@wesdome.com | or | Lindsay Carpenter Dunlop VP Investor Relations 416-360-3743 ext. 2025 lindsay.dunlop@wesdome.com |
| 220 Bay St, Suite 1200 Toronto, ON, M5J 2W4 Toll Free: 1-866-4-WDO-TSX Phone: 416-360-3743, Fax: 416-360-7620 Website: www.wesdome.com | ||
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