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OGG.V ·

Osisko Development Engages Hybrid Financial

Marketing Announcement

OSISKO DEVELOPMENT ENGAGES HYBRID FINANCIAL

Montréal, June 9 , 2022 – Osisko Development Corp. (" Osisko Development " or the

"Company") (ODV: TSX-V), has entered into a marketing agreement (the "Hybrid Agreement")

with Hybrid Financial Ltd. (" Hybrid") pursuant to which, among other things, Hybrid has agreed

to provide cert ain investor relations services to the Company in accordance with Policy 3.4 –

Investor Relations, Promotional and Market-Making Activities of the TSX Venture Exchange (the

"Exchange").

Hybrid's engagement is for an initial term of 12 months (the "Initial Term"). The Hybrid Agreement

shall be automatically renewed for successive 6 month periods thereafter (each a " Renewal

Term") until written notice of termination is provided by either party to the other at least 30 days

prior to the end of the Initial Term or the Renewal Term. In consideration for their services, Hybrid

will receive US$15,000.00 per month, payable monthly, in advance of the services provided.

Hybrid is a sales and distribution company that actively connects issuers to the investment

community across North America. Using a data driven approach Hybrid offers comprehens ive

coverage of both Canadian and U.S. markets. Through Hybrid's engagement, the Company

hopes to heighten market awareness for Osisko Development and broaden the Company's reach

within the investment community

There are no performance factors contained in the Hybrid Agreement and Hybrid will not receive

common shares or options as compensation. Further, Hybrid and the Company are unrelated and

unaffiliated entities and, at the time of the Hybrid Agreement, neither Hybrid nor any of its

principals have an interest, directly or indirectly, in the securities of the Company.

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, 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 distinguishes 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 further information about Osisko Development Corp., please contact:

Jean-Francois Lemonde, VP Investor Relations

Telephone : (514) 299-4926

Email: [email protected]

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking statements regarding the Company based on current

expectations and assumptions of management, which involve known and unknown risks and

uncertainties associated with our business and the economic environment in which the business

operates. All such statements are forward -looking statements under applicable Canadian

securities legislation. Any statements contained herein that are not statements of historical facts

may be deemed to be forward -looking statements. In particular, this news release contains

forward-looking statements pertaining to increasing market awareness for Osisko Development

and its business and its strategic corporate vision for growing Osisko Development's awareness

in the market . By their nature, forward-looking statements require us to make assumptions.

Assumptions are based in part on the ability to secure regulatory approval. These statements are

based on current expectations that involve several risks and uncertainties which could cause

actual results to differ from those anticipated. These risks include, but are not limited to risks

relating to the Company failing to obtain the requisite regulatory (including the TSX Venture

Exchange) approvals; the terms as described hereof may be amended following the date hereof;

the impact of the evolving COVID-19 pandemic on the Company's business, operations and sales

and related adverse effects on the economies and financial markets of countries in which the

Company operates; the engagement of Hybrid (if at all, on the terms described herein); the ability

of Hybrid to increase the market awareness for the Company; and the ability of the Company to

pay Hybrid's fees. Although the Company believes that the expectations reflected in the forward

looking statements contained in this news release, and the assumptions on which such forward-

looking statements are made, are reasonable, there can be no assurance that such expectations

will prove to be correct. We caution our readers of this news release not to place undue reliance

on our forward-looking statements as a number of factors could cause actual results or conditions

to differ materially from current expectations. Additional information on these and other factors

that could affect the Company's operations are set forth in the Company's continuous disclosure

documents that can be found on SEDAR ( www.sedar.com) under Osisko Development's issuer

profile. Osisko Development does not intend, and disclaims any obligation, except as required by

law, to update or revise any forward -looking statements whether as a result of new information,

future events or otherwise.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the Exchange) accepts responsibility for the adequacy or accuracy of this

release. No stock exchange, securities commission or other regulatory authority has

approved or disapproved the information contained herein.