Osisko Development Announces Amendments to Its Employee Share Purchase Plan
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OSISKO DEVELOPMENT ANNOUNCES AMENDMENTS TO ITS
EMPLOYEE SHARE PURCHASE PLAN
MONTREAL, December 21, 2021 – Osisko Development Corp. (“Osisko Development” or the
“Company”) (TSX.V -ODV) announces that the directors of the Company have approved
amendments to the Company’s employee share purchase plan (the “Plan”) in order to accelerate
the vesting provisions of the shares granted thereunder, subject to a holding period, and to clarify
existing provisions of the Plan, without altering the scope, nature and intent of such provisions
(the “Amendments”).
In accordance with the provisions of the Plan and the policies of the TSX Venture Exchange
(“TSXV”), the Amendments are not subject to shareholders approval but remain subject to the
final approval of the TSXV.
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 depth 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 early 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.
For further information, please contact Osisko Development Corp.:
Jean Francois Lemonde
VP Investor Relations
Tel: 514-299-4926
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Forward-looking Statements
Certain statements contained in this press release may be deemed “forward‐looking statements”
within the meaning of applicable Canadian and U.S. securities laws. These forward‐ looking
statements, by their nature, require Osisko Development to make certain assumptions and
necessarily involve known and unknown risks and uncertainties that could cause actual results to
differ materially from those expressed or implied in these forward‐ looking statements. Forward‐
looking statements are not guarantees of perform ance. Words such as “may”, “will”, “would”,
“could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative or
comparable terminology, as well as terms usually used in the future and the conditional, are
intended to identify forward‐ looking statements. Information contained in forward‐ looking
statements is based upon certain material assumptions that were applied in drawing a conclusion
or making a forecast or projection, including management’s perceptions of historical trends,
current conditions and expected future developments, as well as other considerations that are
believed to be appropriate in the circumstances. Osisko Development considers its assumptions
to be reasonable based on information currently available, but cautions the reader that their
assumptions regarding future events, many of which are beyond the control of Osisko
Development, may ultimately prove to be incorrect since they are subject to risks and
uncertainties that affect Osisko Development and it s business. The forward‐ looking statements
set forth herein concerning Osisko Development reflect management's expectations as at the
date of this news release and are subject to change after such date. Osisko Development
disclaims any intention or obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, other than as required by law.
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 news release. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information contained herein.