Wesdome extends reserve life to 8 years at both mines

HIGHLIGHTS Proven and Probable Mineral Reserves Up 17% to a Record 1.4 Million Ounces (“Moz”): Proven and probable mineral reserves increased to 5.4 million tonnes (“Mt”) at 7.9 g/t for 1.4 Moz, led by 39% reserve growth at Eagle River, where the global model initiative converted near-mine tonnes at a US$1,800/oz gold price. This additional material improves mill utilization and extends mine life, while preserving flexibility to re-sequence the mine plan as higher-grade zones are delineated. Eagle River’s high-margin profile remains fully intact as it more than replaced high-grade tonne depletion, added mineral reserves and extended its mine life.

Eight-Year Reserve Mine Life at Both Operations Through 2033: This is the first time in the Company's history that both assets are concurrently underpinned by 8-year reserve plans, providing the foundation for sustained production, disciplined capital allocation and ongoing reserve replacement. Production Profile Expected to Increase up to 230,000 Ounces by 2028: Consolidated production is underpinned by stable output from Eagle River and growing levels of production from Kiena. Consolidated all-in sustaining costs 1 are expected to remain broadly in line with 2026 guidance of US$1,525 - US$1,700/oz, with industry cost pressures expected to be largely offset by higher output and ongoing productivity initiatives.

Over $1 Billion in Free Cash Flow 1 Over Three Years at US$4,000/oz Gold: The reserve-based plans demonstrate the strong cash-generating capacity of Wesdome's high-margin asset base, with resilient margins supporting growth initiatives and shareholder returns across a range of gold price environments. Dividend Initiated, Share Buyback Expanded: The initiation of a quarterly dividend and expansion of the Company's share buyback program,