Wesdome announces proposed private placement of flow-though shares for gross proceeds of up to $4,000,000

    TORONTO, Dec. 6 /CNW/ - Wesdome Gold Mines Ltd. ("Wesdome") is pleased to
announce its intention to raise up to $4,000,000 by way of a non-brokered
private placement (the "Offering") of a maximum of 2,666,666 common shares
issued on a flow-through basis pursuant to the Income Tax Act (Canada) (each a
"Flow-Through Share") at a price of $1.50 per Flow-Through Share, which
represents approximately a 15% premium to the 10 day moving average price of
$1.30. The proceeds of the Offering will be used for further development of
Wesdome's projects in Wawa, Ontario and Val d'Or, Quebec. Wesdome may pay a 5%
cash finder's fee to certain persons in connection with the Offering. The
Offering is expected to close on or about December 19, 2007 and remains
subject to the approval of the Toronto Stock Exchange.

    Wesdome Gold Mines Ltd. is an established Canadian gold producer with
mining operations and development projects in Wawa, Ontario and Val d'Or,
Quebec. It has 97 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.

For further information:

For further information: Rowland Uloth, President, Donovan Pollitt, VP
Corporate Development, 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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