EARLY WARNING NEWS RELEASE (Montréal, January 7, 202 2)
EARLY WARNING NEWS RELEASE
(Montréal, January 7, 202 2) Osisko Development Corp. (“Osisko Development ” or the
“Company”) (TSX.V-ODV) announces that it has disposed of a total of 34,290,000 common shares
Minera Alamos Inc. (TSXV:MAI) (“Minera Alamos”), at a price ranging from $0.50 to $0.57 per
common pursuant to market dispositions performed from October 25, 2021 to December 29, 2021
for gross proceeds of $18,532,170 (the “Transaction”).
Immediately prior to the closing of the Transaction, the Company held, directly or indirectly,
76,080,000 common shares of Minera Alamos representing approximately 17.1% of Minera
Alamos’ issued and outstanding common shares prior to the closing.
Immediately following the closing of the Transaction, Company owned, directl y or indirectly,
41,790,000 common shares of Minera Alamos representing approximately 9.4% of the issued and
outstanding common shares of Minera Alamos.
The Company disposed of the securities described in this press release in accordance with
applicable securities laws, the Company may, from time to time and at any time, acquire common
shares and/or other equity, debt or other securities or instruments (collectively, “ Securities”) of
Minera Alamos in the open market or otherwise, and reserves the right to dispose of any or all of
its Securities in the open market or otherwise at any time and from time to time, and to engage in
similar transactions with respect to the Securities, the whole depending on market conditions, the
business and prospects of Minera Alamos and other relevant factors.
A copy of the early warning report to be filed by the Company in connection with the Transaction
described above will be available on SEDAR under Minera Alamos’ profile. This news release is
issued under the early warning provisions of the Canadian securities legislation.
About Osisko Development Corp.
Osisko Development Corp. is uniquely positioned as a premier gold development company in North America
to advance the Cariboo Gold Project and other Canadian and Mexican properties, with the objective of
becoming the next mid- tier gold producer. The Cariboo Gold Project, located in central British Columbia, is
Osisko Development's flagship asset with measured and indicated resources of 21.44 Mt at 4.6 Au g/t for a
total of 3.2 million ounces of gold and inferred resource of 21.69 Mt at 3.9 Au g/t for a total of 2.7 million
ounces of gold (see NI 43- 101 Technical Report and mineral resource estimate effective October 5th, 2020).
The considerable exploration potential at dept h and along strike distinguishes the Cariboo Gold Project
relative to other development assets as does the historically low, all -in discovery costs of US $19 per ounce.
The Cariboo Gold Project is advancing through permitting as a 4,750 tonnes per day underground operation
with a feasibility study on track for completion in the first half of 2022. Osisko Development's project pipeline
is complemented by potential near -term production targeted from the San Antonio gold project, located in
Sonora Mexico and e arly exploration stage properties including the Coulon Project and James Bay
Properties located in Québec as well as the Guerrero Properties located in Mexico. Osisko Development
began trading on the TSX Venture Exchange under the symbol “ODV” on December 2, 2020 and the
Company’s 14,789,373 outstanding share purchase warrants were listed on the TSX Venture Exchange
under the symbol “ODV.WT” on October 25, 2021.
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For further information, please contact Osisko Development Corp.:
Jean Francois Lemonde
VP Investor Relations
Tel: 514-299-4926
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
press release.