Wesdome Gold Mines Ltd

Canadian Underground Gold Miners

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Message: WESDOME GOLD MINES LTD. - MISHI DRILL RESULTS INDICATE MUCH


LARGER MINERALIZED SYSTEM

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WAWA, ON, March 1 /CNW/ - Wesdome Gold Mines Ltd. (WDO-TSX) is pleased
to release encouraging results from its 2010 Mishi exploration drilling
program. The 100% owned Mishi project is located 50 km west of Wawa,
Ontario and 2.0 km west of the Company's Eagle River Mill.


Drilling 500 metres east of the existing pit demonstrates broad zones of
low grade gold mineralization which demonstrate good continuity.
Compilation of limited previous drilling east of the pit likewise
demonstrates broad zones of low grade mineralization with reasonable
continuity when a 0.5 gAu/tonne cut-off grade is applied.


The Mishi pit is currently under development targeting a 5-year mine
life to provide incremental millfeed to the existing milling operation
(see Press Release dated Nov. 29, 2010 . Proven and probable reserves are part of a much larger mineral
resource estimate developed employing a cut-off grade of 1.0 gAu/tonne.


Wesdome's strategy is to progressively examine the potential for both a
future underground conversion scenario and the large tonnage-low grade
potential of the Mishi mineralized system. This will be accomplished
with systematic shallow drilling both east and west of the pit where
the mineralization remains open and incorporation of these results into
new resource models employing a lower cut-off grade. A drilling
program totalling 10,000 metres is planned for 2011 to systematically
test the eastern strike potential and provide preliminary testing of
the western strike potential, including 5,000 metres for in-pit grade
control in the hanging wall.


Management is encouraged by these results and the potential the property
offers is to be evaluated for the first time as a possible large
tonnage-low grade standalone operating scenario.


All assays are performed at the Eagle River mine assay office by fire
assay on 25 gram sample aliquots. Duplicates, replicates, blanks and
standards are routinely incorporated into the sample stream to monitor
quality control. The exploration team adds a blank, a standard and a
duplicate for every batch of 20 samples. Duplicates are analyzed at
Techni-Lab laboratories in Ste-Germaine-de-Boule in Quebec. George
Mannard, P.Geo. and Vice President Exploration, Wesdome Gold Mines Ltd.
is the "Qualified Person" responsible for the technical content of this
Press Release as required by National Instrument 43-101.


ABOUT WESDOME


Wesdome is an established Canadian gold producer with wholly-owned
mining and milling complexes located in Wawa, Ontario and Val d'Or,
Quebec. Wesdome has been producing gold continually for 20 years on an
unhedged basis and to date has produced in excess of 1.2 million
ounces. The Company has 101.2 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: Donovan Pollitt, P.Eng., CFA President & CEO 416-360-3743 ext 25 or George Mannard, P.Geo. VP Exploration 416-360-3743 ext 22
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: http://www.wesdome.com/">www.wesdome.com

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