BOWMORE EXPLORATION TO CHANGE NAME TO OSISKO METALS INCORPORATED Osisko Metals To Focus on Zinc and Base Metal Exploration and Development New Trading Symbol TSX-V:OM 3:1 Share Consolidation
BOWMORE EXPLORATION TO CHANGE NAME TO
OSISKO METALS INCORPORATED
Osisko Metals To Focus on Zinc and Base Metal Exploration and Development
New Trading Symbol TSX-V:OM
3:1 Share Consolidation
(Montréal, Québec – June 1st , 2017) Bowmore Exploration L td. (the “Company”) (BOW: TSX -V)
(FRANKFURT: OB5) is pleased to announce that it is changing its name to Osisko Metals
Incorporated (“Osisko Metals”) in order to create a new base metal -focused exploration and
development company wi thin the Osisko group of companies . Osisko Metals will be focu sed in
Eastern Canada in the medium term with an emphasis on zinc development properties . Since
January 2017, the Company has acquired and staked significant land positions covering several key
zinc and zinc -lead targets in New Brunswick’s Bathurst Mining Camp and in several regions across
the province of Québec (see March 7, April 20 and May 25, 2017 press releases) .
The Company will also proceed with a three to one (3 to 1) share consolidation (the
“Consolidation”) concurrent with the name change to better prepare for future growth. Following
the Consolidation, Osisko Metals will have 29,580,320 shares issued and 32,913,098 shares
outstanding on a fully diluted basis. The Company’s insiders and four major shareholde rs, who
collectively own over 60% of the total issued common shares, have expressed support for the
Company to proceed with the Consolidation. The Company is to commence trading as Osisko Metals
on a post -Consolidation basis under the new symbol TSXV: OM following the receipt of TSX Venture
Exchange approval to the change of name and consolidation .
The Board of Bowmore is also please d to announce the nomination of Mr. Jeff Hussey as incoming
President and CEO of Osisko Metals. Mr. Hussey is a Professiona l Geologist with over 30 years’
experience in base metal exploration and mine development in both open -pit and underground
operations, including 20 years with Noranda Inc. and Xstrata Inc., overseeing exploration and
resource development at Brunswick No. 1 2 and Gaspé Copper mines; at the Antamina mine in Peru
as member of the start -up team and as part of the process optimization team at the Raglan mine in
Northern Qué bec. More recently , Mr. Hussey worked for Champion Iron Mines on the development
of iron projects in Québec’s North Shore region .
Mr. Paul Dumas, current President of Bowmore, will continue with Osisko Metals as Executive
Vice-President (Finance) and Chief Financial Officer.
Osisko Metals ’ incoming President , Mr. Jeff Hussey, stated : “The n ame change and the share
consolidation represent a new beginning for future growth of the Company in base metal
exploration and development, especially in the expanding zinc market. With this restructuring , we
are creating a new base metal vehicle that wil l be solidly backed by the Osisko group. With several
major mine closures in recent years intensifying the supply shortage of zinc , coinciding with the
growing demand for base metals created by global infrastructure projects , we believe that the
creation o f Osisko Metals is timely and that the new C ompany will be very well positioned to
capitalize on this growing market opportunity.”
About BOWMORE EXPLORATION LTD.
Under its new name, Osisko Metals Inc orporated , the Company intends on becoming a leading Canadian base
metal exploration and development company focused on zinc in C anada. In 2017 , the company acquired the
majority of the Brunswick Belt in the Bathurst Mining Camp (“BMC”), a major zinc -lead-silver producing
district. In Quebec , the company acqu ired 42,000 hectares that cover 12 grass -root zinc properties that will
be selectively advanced in 2017. Osisko Gold Royalties Ltd. (OR:TSX / NYSE) is a significant shareholder of the
Company with approximately 20.5% ownership.
Paul Dumas
President & CE O
Bowmore Exploration Ltd.
(514) 861 -4441
Email [email protected]
Neither 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 release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities
legislation that is based on expectations, estimates, pro jections and interpretations as at the date of this news
release. The information provided in this news release about the exploration and/or resource development projects,
including new results from drill programs, the significance of assay results, potent ial mineralization, including the
discovery of new mineralized zone, the potential to extend mineralization in any direction, the ability to complete
any proposed exploration activities and the results of such activities, the continuity or extension of any
mineralization and any other information herein that is not a historical fact , may all be forward -looking
information. Any statement that involves discussions with respect to predictions, expectations, interpretations,
beliefs, plans, projections, objecti ves, assumptions, future events or performance (often but not always using
phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or
"does not anticipate", "plans", "budget", "scheduled", "forecas ts", "estimates", "believes" or "intends" or
variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would",
"might" or "will" be taken to occur or be achieved) are not statements of historical fact and ma y be forward-looking
information and are intended to identify forward -looking information. This forward-looking information is based on
reasonable assumptions and estimates of management of the Company , at the time it was made, involves known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of
Company to be materially different from any future results, performance or achievements expressed or implied by
such forward -looking information. Such factors include, among others, risks relating to the ability of exploration
activities (including drill results) to accurately predict mineralization; errors in management's geological
modelling; the ability of Company to complete further exploration activities, including drilling; property interests in
the relevant projects; the ability of the Company to obtain required approvals and complete transactions on terms
announced; the results of exploration activities; risks relating to mining activities; the gl obal economic climate;
metal prices; dilution; environmental risks; and community and non -governmental actions. Although the forward -
looking information contained in this news release is based upon what management believes, or believed at the
time, to be r easonable assumptions, Company cannot guarantee shareholders and prospective purchasers of
securities of the Company that actual results will be consistent with such forward -looking information, as there may
be other factors that cause results not to be as anticipated, estimated or intended, and neither Company nor any
other person assumes responsibility for the accuracy and completeness of any such forward -looking information.
Company does not undertake, and assumes no obligation, to update or revise any s uch forward-looking statements
or forward-looking information contained herein to reflect new events or circumstances, except as may be required
by law.