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Wesdome Provides Senior Management Update

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Wesdome (OTCQX: WDOFF) announced that Chief Operating Officer Guy Belleau will leave the company effective January 30, 2026. Tyler Mitchelson will assume COO responsibilities on an interim basis.

Management thanked Mr. Belleau for his service and welcomed Mr. Mitchelson, who most recently served as Senior Vice President, Copper Growth at Teck Resources from 2022 to 2025 and previously held senior roles including CEO of Metallurgical Coal and CEO of Royal Nickel Corporation. Mr. Mitchelson holds a Bachelor of Commerce (Honours) from the University of Manitoba and a Chartered Accountant designation.

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Positive

  • Interim COO named immediately, limiting leadership gap
  • Proven senior experience: Teck SVP (2022–2025) and prior CEO roles
  • Financial and technical credentials: Commerce degree and CA designation

Negative

  • COO departure effective January 30, 2026 creates near-term leadership turnover
  • Interim appointment not permanent, leaving medium-term succession uncertainty

Toronto, Ontario--(Newsfile Corp. - January 20, 2026) - Wesdome Gold Mines Ltd. (TSX: WDO) (OTCQX: WDOFF) ("Wesdome" or the "Company") announces today that its Chief Operating Officer ("COO"), Guy Belleau, is leaving the Company effective January 30, 2026. Tyler Mitchelson will be assuming the responsibilities of COO on an interim basis.

Anthea Bath, President and Chief Executive Officer, stated "On behalf of the Board and everyone at Wesdome, I would like to express our sincere gratitude to Guy for his hard work, dedication and commitment to safe operations. We have enjoyed working with him."

Ms. Bath continued, "We are pleased to welcome Tyler Mitchelson to Wesdome. He is a highly accomplished, results-driven senior executive with a proven ability to navigate complex challenges, enhance performance and deliver strong operational and strategic outcomes in fast-paced environments. With his strong operational leadership, he is well suited to drive effective execution and sustainable growth."

Mr. Mitchelson previously served as Senior Vice President, Copper Growth at Teck Resources Limited from 2022 to 2025 where he led the development of a world-class portfolio of copper and zinc growth projects. Prior to Teck, Mr. Mitchelson held key roles at several mining companies, including Chief Executive Officer of Metallurgical Coal and Group Head of Integration / Business Planning at Anglo American and President and Chief Executive Officer at Royal Nickel Corporation. He also held senior positions at Vale Inco and Inco Limited. Mr. Mitchelson graduated from the University of Manitoba with a Bachelor of Commerce (Honours) and obtained his Chartered Accountant designation from the Institute of Chartered Accountants of Manitoba.

About Wesdome

Wesdome is a Canadian-focused gold producer with two high-grade underground assets, Eagle River in Northern Ontario and Kiena in Val-d'Or, Québec. The Company's primary goal is to responsibly leverage its operating platform and high-quality brownfield and greenfield exploration pipeline to build a value-driven mid-tier gold producer.

For more information:

Raj Gill 
SVP, Corporate Development & Investor Relations
Phone: +1.416.360.3743
E-Mail: invest@wesdome.com

Trish Moran
Vice President, Investor Relations
Phone: +1.416.564.4290
E-mail: trish.moran@wesdome.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280623

FAQ

Who is replacing Guy Belleau as COO of Wesdome (WDOFF)?

Tyler Mitchelson will assume responsibilities as interim Chief Operating Officer.

When does Guy Belleau leave Wesdome (WDOFF)?

Guy Belleau's departure is effective January 30, 2026.

What is Tyler Mitchelson's background before joining Wesdome (WDOFF)?

He was Senior Vice President, Copper Growth at Teck Resources from 2022–2025 and previously held CEO roles at Metallurgical Coal and Royal Nickel Corporation.

Is Tyler Mitchelson a permanent COO for Wesdome (WDOFF)?

He is serving as interim COO; no permanent appointment was announced.

What qualifications does Tyler Mitchelson hold for the interim COO role at Wesdome (WDOFF)?

He has a Bachelor of Commerce (Honours) from the University of Manitoba and a Chartered Accountant designation.
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