Osisko Development Announces Annual Grant of Incentive Awards
ODV NYSE TSXV News Release
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OSISKO DEVELOPMENT ANNOUNCES ANNUAL GRANT OF INCENTIVE AWARDS
Montreal, Québec, April 1, 2026 – Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko
Development" or the " Company") announces that, as part of the annual compensation review
conducted by its Board of Directors, it has granted an aggregate of (i) 1,104,400 stock options of the
Company (the "Options"), and (ii) 1,426,600 restricted share units of the Company ("RSUs") to certain
senior officers and non -executive employees (collectively, the "Incentive Awards"), pursuant to the
Company's omnibus equity incentive plan ("Omnibus Plan").
The Incentive Awards form part of the Company's security -based compensation grants as part of its
annual compensation cycle. The Options are exercisable at a price of C$ 4.51 per common share of the
Company (based on the March 31, 2026, closing price on the TSX Venture Exchange) and will expire on
April 1, 2031. The Options will vest in three equal installments over the next three years. The RSUs will
cliff vest on April 1, 2029, and are subject to time and performance conditions.
ABOUT OSISKO DEVELOPMENT CORP.
Osisko Development Corp. is a continental North American gold development company focused on past
producing mining camps with district scale potential. The Company's objective is to become an
intermediate gold producer through the development of its flagship , fully permitted, 100%-owned
Cariboo Gold Project, located in central British Columbia, Canada. Its project pipeline is complemented
by the Tintic Project located in the historic East Tintic mining district in Utah, U.S.A ., a brownfield
property with si gnificant exploration potential, extensive historical mining data, and access to
established infrastructure. Osisko Development is focused on developing long -life mining assets in
mining-friendly jurisdictions while maintaining a disciplined approach to capital allocation, development
risk management, and mineral inventory growth.
For further information, contact:
Sean Roosen Philip Rabenok
Chairman and CEO Vice President, Investor Relations
Email: [email protected] Email: [email protected]
Tel: +1 (514) 940-0685 Tel: +1 (437) 423-3644
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-
looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended) (collective ly,
"forward-looking statements"). Such forward -looking statements are identified with words such as "may", "will", "would", "could",
"anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" , "objective",
"strategy", variants of these words or the negative or comparable terminology, as well as terms usually used in the future and the
conditional. 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 the assumptions, qualifications, limitations or statements
pertaining to: the ability to develop the Cariboo Gold Project and its status as being fully permitted ; the exploration potential and
prospectivity (if any) of its properties . Such forward -looking statements are based on a number of risks, uncertainties and
assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may pr ove
to be incorrect. These assumptions include, but are not limited to: the absence of work stoppages or suspensions at the Cariboo
Gold Project; favourable regulatory conditions and approvals; the ability to maintain adequate personnel and co ntractor levels; the
absence of unforeseen ground conditions or other geological challenges; the availability of necessary equipment, supplies and
infrastructure; and general economic and market conditions. Actual results could differ materially due to a n umber of factors,
including, without limitation: risks related to the exploration, development and operation of the Cariboo Gold Project; health, safety
and security incidents; regulatory delays or changes in regulatory framework and applicable laws; labou r shortages or disputes;
general economic and market conditions and business conditions in the mining industry; fluctuations in commodity and currency
exchange rates; changes in regulatory framework and applicable laws, as well as those risks and factors disclosed in the Company's
most recent annual information form, financial statements and management's discussion and analysis as well as other public fi lings
on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov). Althou gh the Company believes the expectations conveyed by the
forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to
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future results, levels of activity and achievements. The Company disclaims any obligation to update any forward-looking statements,
whether as a result of new information, future events or results or otherwise, except as required by law. Forward-looking statements
are not guarantees of performance and there can be no assurance that these forward-looking statements will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such statements. Accordingly, re aders should
not place undue reliance on forward-looking statements.
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.