Toronto, Ontario - May 27, 2016 - Wesdome Gold Mines Ltd. (TSX: WDO) and Canoe Mining Ventures Corp. (TSXV: CLV) are pleased to announce that the parties have closed their previously announced agreement whereby Wesdome has purchased from Canoe Mining, a 100% interest in the Coldstream Project and the Hamlin-Deaty Creek Property, which are near to Wesdome's Moss Lake properties located 100 kilometres due west of Thunder Bay, Ontario.