Osisko Development Announces Closing of US$20 Million Metals Stream to Advance Tintic
OSISKO DEVELOPMENT ANNOUNCES CLOSING OF US$20 MILLION METALS
STREAM TO ADVANCE TINTIC
Montréal, September 26, 2022 – Osisko Development Corp. ( “Osisko Development ” or the
“Company”) is pleased to announce that Tintic Consolidated Metals, LLC (" TCM" or “Tintic”), an indirect
wholly-owned subsidiary of the Company, has closed the previously announced metals stream with
Osisko Bermuda Limited (" OBL") pursuant to a Metals Purchase Agreement dated August 12, 2022 (the
"Stream Agreement"). All conditions to comp lete the S tream Agreement have been fulfilled, including
TCM's receipt of the upfront payment of US$20 million from OBL which will be used to advance the
development of Tintic. Pursuant to the Steam Agreement, effective as of May 2 9, 2022, OBL will r eceive
2.5% of the refined metal production from Tintic until 27,150 ounces of refined gold have been delivered,
and thereafter OBL will receive 2.0% of the refined metal production from TCM. OBL will make ongoing
cash payments to TCM equal to 25% of the applica ble spot metal price on the business day immediately
proceeding the date of delivery for each ounce of refined metal delivered pursuant to the Stream
Agreement.
For more details on the metals stream with OBL , please refer to the C ompany's news release dat ed May
30, 2022.
About Osisko Development
Osisko Development Corp. is uniquely positioned as a premier gold development company in North
America to advance the Cariboo Gold Project and other Canadian, U.S.A. and Mexican properties, with
the objective of becoming the next mid -tier gold producer. The Cariboo Gold Project, located in central
British Columbia, Canada, is Osisko Development's flagship asset. The considerable exploration potential
at depth and along strike disti nguishes the Cariboo Gold Project relative to other development assets.
Osisko Development's project pipeline is complemented by its interest in the San Antonio gold project,
located in Sonora, Mexico and the Trixie gold test mine, located in Utah, U.S.A.
For furt her information about Osi sko Development (NY SE:ODV; TSX- V:ODV), please visit
www.osiskodev.com or follow us on Twitter @OsiskoDev
For further information about Osisko Development Corp., please contact:
Sean Roosen, CEO
Telephone: (514) 940-0685
Email: [email protected]
Jean François Lemonde, VP Investor Relations
Telephone: (514) 299-4926
Email: [email protected]
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this news release may be deemed “forward- looking statements” within
the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward -looking
information” within the meaning of app licable Canadian securities legislation. These forward‐ looking
statements, by their nature, require Osisko Development to make certain assumptions and necessarily
involve known and unknown risks and uncer tainties that could cause actual results to differ materially
from those expressed or implied in these for ward‐ looking statements. Forward ‐looking statements are
not guarantees of performance. Words such as “may”, “will”, “would”, “could”, “expect”, “beli eve”, “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
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perceptions of historical trends, current conditions and expected future developments, as well as other
considerations that are believed to be appropriate in the circumstances, and any other information herein
that is not a historical fact may be “forward looking information”. 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 its business. Such risks and uncertainties include, among others, risks relating to
capital market conditions, regulatory framework; the ability of TCM and OBL to complete their obligations
under the Stream Agreement ; risks relating to exploration, development and mining activities; the global
economic climate; and metal prices . Readers are urged to consult the disclosure provided (i) under the
heading "Risk Factors" in the annual information form of the Company for the year ended December 31,
2021, as amended, and (ii) under the heading "Risks and Uncertainties" in the management's discussion
and analysis of the Company for the year ended December 31, 2021, as amended, each of which has
been filed on SEDAR (www.sedar.com) under Osisko Development's issuer profile and on the SEC's
EDGAR website (www.sec.gov), for further information regarding the risks and other factors applicable to
the exploration results. Although the C ompany’s believes the exp ectations conveyed by the Forward-
looking Statements are reasonable based on information available at the date of preparation, no
assurances can be given as to 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. 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, readers should not place undue
reliance on Forward-looking Statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defi ned 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.