Wesdome Gold Mines Ltd. - Drilling extends high grade 811 Zone to depth

    WAWA, ON, Jan. 3 /CNW/ - Recent drilling has significantly extended the
high grade 811 Zone to depth at Wesdome's Eagle River mine near Wawa, Ontario.
Drilling on section 9325E has traced the zone to a depth of 600 metres beyond
which it remains open. Please refer to Figure 1 for a schematic cross section,
available at our website.
    The wholly-owned Eagle River mine has been in production since 1995 and
to date has produced 710,000 ounces of gold. Reserves and resources have
previously been tabulated to a maximum depth of 415 metres in the 811 Zone.
Recent drifting on the 415 metre level revealed an average grade (cut to
60 gAu/tonne) of 13.19 gAu/tonne over an average width of 3.05 metres along a
strikelength of 103.3 metres.

    Drilling Results - Section 9325E
                                          True     Assay    Cut Assay
    Hole      From      To   Corelength   Width    (gAu/     (60gAu/    Depth
     No.      (m)       (m)      (m)       (m)     tonne)     tonne)     (m)

    EU-43    235.90   238.50    2.60       1.49    16.90      16.90      590

    EU-44    186.00   190.30    4.30       1.47    14.89      13.59      530

    EU-45    138.86   144.28    5.42       4.33    33.15      22.47      480

    EU-46    113.78   120.36    6.58       5.04    26.62      18.27      440

    EU-47     86.22    88.20    1.98       1.79   116.16      36.43      380

    Mineralization at Eagle River is hosted by subvertically dipping,
east-west striking, laminated quartz veins hosted in a sheared quartz diorite
stock. To date mining has occurred over a strikelength of 2.4 kilometres and
to a maximum depth of 640 metres.
    Recent development activity has concentrated in the western portion of
the mine where the above-average grade 811 and 808 Zones are being readied for
production. These new results, coupled with the year's positive development
results, put us in position to again replace reserves and resources at the
Eagle River mine. For previous drilling and development results refer to Press
Releases dated October 5, 2006, November 1, 2006 and October 9, 2007
    All assays employ the fire assay method on 25 gram sample aliquots at the
Eagle River mine assay office. Duplicates, replicates and blanks are performed
for each assay batch to monitor quality control. George Mannard, P.Geo. and
Vice-President, Exploration is the Qualified Person responsible for the
technical results in this press release as per National Instrument 43-101.

    Wesdome Gold Mines Ltd. is an established Canadian gold producer with
mining operations in Wawa, Ontario and Val d'Or, Quebec. The Company has
99.7 million shares outstanding and trades on the TSX 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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