Wesdome has record third quarter gold production and sales

    TORONTO, Oct. 28 /CNW/ - Wesdome Gold Mines Ltd. (TSX: WDO) is pleased to
announce record gold production and sales figures for the third quarter ended
September 30, 2008.
    Rolly Uloth, President, commented "These results speak to the high
quality of our producing assets and our operating team. It feels good to have
steady cash flow at this time."

    Gold Production

    During the third quarter, 2008, combined gold production from the
Company's Eagle River and Kiena mines was approximately 24,000 ounces, a 40%
increase over third quarter 2007 production. Production year to date, 2008,
stands at about 67,000 ounces, 13% ahead of last year's pace. We are clearly
on track to exceed our 2008 production target of 80,000 ounces.
    The Eagle River mine produced approximately 12,000 ounces from 32,000
tonnes milled at a head grade of 12.0 gAu/tonne. Metallurgical recoveries
averaged 96.9%. Recovered grades year to date have averaged 13.7 gAu/tonne.
    The Kiena mine produced approximately 12,000 ounces of gold from 63,000
tonnes milled at a head grade of 6.0 gAu/tonne. Metallurgical recoveries
averaged 98.7%. Recovered grades increased 40% compared to the first half,

    Gold Sales

    Gold sales in the third quarter totalled 24,463 ounces at an average
realized price of $900Cdn per ounce. This compares to 22,600 ounces sold at an
average price of $913Cdn per ounce during the second quarter, 2008. For the
year to date in 2008, gold sales totalled $58.8 million and have averaged
$913Cdn per ounce or $172Cdn per ounce more than they did during the first
nine months of 2007.
    Bullion inventory at the end of the third quarter stood at about 9,000

    Third Quarter Financial Results

    We expect to release our third quarter, 2008, financial results the week
of November 10, 2008. Strong operating results are expected to translate into
improving profits and cash flow.

    Technical Information

    Gold production figures are preliminary in nature subject to final
refining balances and metallurgical balances. The technical information in
this release has been reviewed by George Mannard, P.Geo., Vice President of
Exploration and "Qualified Person" within the meaning of National Instrument

    About Wesdome

    Wesdome is an established Canadian gold producer with wholly-owned mining
and milling complexes located in Val d'Or, Quebec and Wawa, Ontario. It has
been producing gold continually for 20 years on an unhedged basis and to date
has produced in excess of 1.0 million ounces. The Company has 99.7 million
shares issued and outstanding and trades on the TSX Exchange under the symbol

    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; or Donovan Pollitt,
P.Eng., 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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