Wesdome Gold Mines Appoints Faheem Tejani as an Independent Director and Audit Committee Chair

Wesdome Gold Mines Ltd. (TSX:WDO, OTCQX:WDOFF) announced the appointment of Faheem Tejani as an Independent Director and Chair of the Audit Committee, effective December 31, 2025. This addition expands the Wesdome Board to eight members, with seven being independent directors, reinforcing the Company's commitment to effective governance.

Board Chair Edward Dowling expressed enthusiasm about Mr. Tejani's appointment, highlighting his extensive background in finance and capital markets, which spans over 25 years. Tejani’s expertise encompasses strategic financial planning, investment management, and capital allocation, making him a valuable asset to Wesdome's strategic direction. Since 2018, he has served as President of Capital Asset Lending Inc., a leading provider of non-traditional mortgages in Canada. His prior experience includes critical roles at BMO Capital Markets from 2000 to 2018, where he was Managing Director in Equity Capital Markets, focusing on the mining and metals sectors, as well as holding other significant positions within the firm.

Mr. Tejani has also been a director at Ero Copper Corp. since 2023 and was previously a director of Pretium Resources Inc. until its acquisition by Newcrest Mining Ltd. in 2022. He is a Chartered Professional Accountant (CPA, CA) and holds an Honours Bachelor of Arts degree from Western University.

Wesdome Gold Mines is a Canadian gold producer focused on high-grade underground mining, operating two primary assets: Eagle River in Northern Ontario and Kiena in Val-d’Or, Québec. The Company aims to leverage its operating platform and explore both brownfield and greenfield opportunities to establish itself as a leading mid-tier gold producer.

For further information, stakeholders can contact Raj Gill, SVP of Corporate Development, or Trish Moran, Vice President of Investor Relations.

Wesdome Gold Mines Ltd.’s recent appointment of Mr. Faheem Tejani as an independent director and Audit Committee Chair is a strategic move that signals its commitment to enhancing corporate governance and financial stewardship. With over 25 years in finance, particularly within the mining and capital markets sectors, Tejani’s extensive background can provide significant insights into optimizing capital allocation and strategic financial planning, which are critical for a mid-tier gold producer like Wesdome.

Mr. Tejani's prior experience at BMO Capital Markets, specifically in equity capital markets and investment management, could enhance Wesdome’s capability to attract investment and navigate the complexities of the mining sector. His leadership at Capital Asset Lending since 2018 adds further credibility, indicating he is well-versed in managing financial operations effectively, particularly in a challenging economic landscape.

For investors, this strategic appointment should be viewed positively. The presence of seven independent directors on the board suggests a focus on transparency and accountability, valuable traits that often correlate with shareholder confidence and long-term value creation. As Wesdome continues to develop its high-grade assets at Eagle River and Kiena, leveraging Tejani's expertise could lead to better operational performance and strategic growth.

In the current environment, where gold prices may be influenced by global economic uncertainties, Wesdome's focus on high-quality brownfield and greenfield exploration positions it favorably to capitalize on potential bullish trends in gold.

In summary, investors should monitor Wesdome Gold Mines closely as it leverages its enhanced governance structure and financial acumen to drive future growth. The market may respond positively to this development, making it an opportune moment for portfolio adjustments, especially for those with an interest in the precious metals sector.