AGF Makes Early Warning Report



    TORONTO, Feb. 27 /CNW/ - AGF Funds Inc. ("AGF") today announced that as a
result of the acquisition of 475,000 shares, AGF, on behalf of its clients,
now has direction over:

    
    -   13,947,229 shares (or 13.12% of the outstanding shares calculated on
        a fully diluted basis) of Wesdome Gold Mines Limited (WDO.CN).
    

    The acquisition of these securities by AGF, on behalf of its clients, was
made in the ordinary course of business for investment purposes and was not
for the purpose of influencing the control or direction of Wesdome Gold Mines
Limited (WDO.CN).

    About AGF Management Limited

    AGF Management Limited is one of Canada's premier investment management
companies with offices across Canada and subsidiaries around the world. AGF's
products and services include a diversified family of more than 50 mutual
funds, the evolutionary AGF Elements portfolios, the Harmony asset management
program, AGF Asset Management Group services for institutional and
high-net-worth clients, as well as AGF Trust GICs, loans and mortgages. With
approximately $33.7 billion in total assets under management, AGF serves more
than one million investors. AGF trades on the Toronto Stock Exchange under the
symbol AGF.B.




For further information:

For further information: Martin Hubbes, Executive Vice-President and
Chief Investment Officer, AGF Funds Inc., (416) 367-1900


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