Wesdome announces retirement of Chief Financial Officer

TORONTO, Nov. 14, 2011 /CNW/ - Wesdome Gold Mines Ltd (TSX: WDO) announced today the retirement of Mr. Donald Orr, effective December 31, 2011.  Mr. Orr has served as Secretary-Treasurer and Chief Financial Officer of Wesdome and its predecessor companies since 1979.

"We want to thank Don for his significant contributions to the Company over thirty plus years," said Donovan Pollitt, President and Chief Executive Officer of Wesdome.  "Don's career with Wesdome and its predecessor companies was highlighted by the development and financing of five gold mines, greater than 1.2 million ounces of production and a swing in gold prices of greater than $1,500 per ounce.  Don maintained unflappable good humour throughout several complex acquisitions and mergers during an era when the regulatory, legal and financial reporting environment grew increasingly complicated.  We wish Don well in his retirement."

Mr. Orr will be replaced by Mr. Brian MaMr. Ma is currently Corporate Controller at Wesdome Gold Mines Ltd.  Prior to joining Wesdome, Mr. Ma held various positions with Deloitte. Mr. Ma is a Chartered Accountant and holds a Masters degree in accounting from the University of Waterloo.

"We are pleased to welcome Brian into his new role as CFO. Brian is familiar with our operations and is already well-integrated in our corporate team" said Mr. PollittMr. Orr will be available on a retainer basis to ensure a smooth transition.

ABOUT WESDOME

Wesdome is an established Canadian gold producer with wholly-owned mining and milling complexes located in Wawa, Ontario and Val-d'Or, Québec.  Wesdome has been producing gold continually for more than 20 years on an unhedged basis and to date has produced in excess of 1.2 million ounces.  The Company has 101.9 million shares issued and outstanding and trades on the Toronto Stock Exchange under the symbol "WDO".

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.


SOURCE Wesdome Gold Mines Ltd.

For further information:

Donovan Pollitt, P.Eng., CFA
President & CEO
416-360-3743   ext 25

8 King St. East, Suite 1305
Toronto, ON, M5C 1B5
Toll Free: 1-866-4-WDO-TSX
Phone: 416-360-3743, Fax: 416-360-7620
Email: invest@wesdome.com, Website: www.wesdome.com

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Wesdome Gold Mines Ltd.

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