Wesdome Gold Mines Ltd. announced that it has entered into a definitive purchase agreement with Goldshore Resources Inc. to monetize its Moss Lake Project ("Moss Lake") located in Ontario, Canada (the "Transaction"). Pursuant to the Agreement, Goldshore will acquire all of Wesdome's property, assets and rights related to Moss Lake. Following the closing of the Transaction ("Closing"), Goldshore will hold a 100% interest in Moss Lake. Under the terms of the Agreement, Wesdome will receive minimum initial aggregate consideration of $57M, comprised of the following CAD 12.5 million in cash upon Closing; Shares of Goldshore in an amount equal to the greater of a) $19.5 million and b) 30% of the issued and outstanding common shares at Closing;CAD 20 million in shares of Goldshore in the form of milestone payments consisting of CAD 5 million within 12 months of Closing; CAD 7.5 million upon the earlier of Goldshore completing an updated PEA or pre-feasibility study; and 30 months from Closing; CAD 7.5 million upon the earlier of Goldshore completing a feasibility study, the date on which Goldshore makes a development decision on Moss Lake; and 48 months from Closing. The grant to Wesdome of a 1.00% NSR royalty on all metal production from Moss Lake. Goldshore shall have the right to repurchase the NSR royalty for (i) CAD 5 million within 30 months of Closing; or CAD 7.5 million between 30 - 48 months from Closing. The royalty buyback rights shall expire if not exercised within 48 months of Closing. Wesdome representation on Goldshore's Board of Directors with two appointees, Heather Laxton, Chief Governance Officer and Corporate Secretary, and Michael Michaud, Vice President, Exploration.