Osisko Intersects 330.6 Metres Averaging 0.46% Cu in Southern Extension at Gaspé DDH 30-1115 Cuts 33.0 Metres Averaging 1.28% Cu
Osisko Intersects 330.6 Metres Averaging 0.46% Cu in Southern Extension at
Gaspé
DDH 30-1115 Cuts 33.0 Metres Averaging 1.28% Cu
MONTREAL, Nov. 12, 2025 -- Osisko Metals Incorporated (the “ Company or " Osisko Metals") (TSX: OM; OTCQX: OMZNF;
FRANKFURT: 0B51) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula
of Eastern Québec.
New analytical results are presented below (see Table 1), including 35 mineralized intercepts from ten new drill holes. Infill
intercepts are located inside the 2024 MRE model ( see November 14, 2024 news release ), and are focused on upgrading
inferred mineral resources to measured or indicated categories, as applicable. Expansion intercepts are located outside the
2024 MRE model and may potentially lead to additional resources that will be classified appropriately within the next MRE
update. Some of the reported intercepts have contiguous shallower infill as well as deeper expansion (noted on Table 1 below
as “Both”). Maps showing hole locations are available at www.osiskometals.com .
Highlights:
• Drill hole 30-1128
• 330.6 metres averaging 0.46% Cu (0.49% CuEq - expansion)
• Drill hole 30-1115
• 33.0 metres averaging 1.28% Cu (1.36% CuEq – expansion)
• Drill hole 30-1117
• 779.0 metres averaging 0.26% Cu (0.34% CuEq - infill and expansion)
• Drill hole 30-1118
• 555.9 metres averaging 0.20% Cu (0.26% CuEq - infill)
• Drill hole 30-1123
• 313.5 metres averaging 0.23% Cu (0.28% CuEq – infill and expansion)
• 220.5 metres averaging 0.20% Cu (0.30% CuEq – expansion)
• Drill hole 30-1125
• 293.0 metres averaging 0.23% Cu (0.30% CuEq - expansion)
• Drill hole 30-1126
• 804.0 metres averaging 0.24% Cu (0.31% CuEq – infill and expansion)
• Drill hole 30-1130
• 347.7 metres averaging 0.24% Cu (0.29% CuEq - infill)
• Drill hole 30-1131
• 714.0 metres averaging 0.21% Cu (0.27% CuEq - both)
Table 1: Infill and Expansion Drilling Results
DDH No. From (m) To (m) Length (m) Cu % Ag g/t Mo % CuEq* Type**
30-1115 499.5 532.5 33.0 1.28 8.89 0.009 1.36 Expansion
And 661.5 717.6 56.1 0.59 3.52 <0.005 0.61 Expansion
30-1117 21.0 45.0 24.0 0.24 1.79 <0.005 0.25 Infill
And 149.0 161.0 12.0 0.17 1.84 0.016 0.24 Infill
And 212.5 991.5 779.0 0.26 1.68 0.019 0.34 Both
(including) 212.5 679.0 466.5 0.22 1.44 0.018 0.29 Infill
(including) 679.0 991.5 312.5 0.32 2.04 0.019 0.41 Expansion
30-1118 17.1 573.0 555.9 0.20 1.00 0.008 0.26 Infill
And 624.0 775.5 151.5 0.11 0.77 0.027 0.21 Expansion
30-1123 23.0 59.0 36.0 0.28 2.19 <0.005 0.30 Infill
And 72.0 107.0 35.0 0.19 1.93 <0.005 0.20 Infill
And 123.0 137.0 14.0 0.13 2.04 <0.005 0.14 Infill
And 213.0 526.5 313.5 0.23 1.84 0.012 0.28 Both
(including) 213.0 443.0 230.0 0.24 1.94 0.011 0.29 Infill
(including) 443.0 526.5 83.5 0.20 1.57 0.017 0.27 Expansion
And 553.5 774.0 220.5 0.20 1.63 0.024 0.30 Expansion
30-1125 15.3 199.5 184.2 0.20 0.97 <0.005 0.21 Infill
And 255.0 288.0 33.0 0.12 1.10 0.008 0.14 Infill
And 304.5 335.0 30.5 0.14 0.65 0.009 0.18 Infill
And 356.6 531.7 175.1 0.15 0.98 0.019 <0.005 Infill
And 643.0 936.0 293.0 0.23 1.26 0.019 0.30 Expansion
30-1126 72.0 204.0 132.0 0.13 1.05 0.005 0.15 Infill
And 229.5 1033.5 804.0 0.24 1.48 0.016 0.31 Both
(including) 229.5 634.1 404.6 0.24 1.81 0.017 0.32 Infill
(including) 634.1 1033.5 399.4 0.24 1.15 0.015 0.30 Expansion
30-1127 5.0 24.0 19.0 0.16 2.31 <0.005 0.18 Infill
And 107.0 124.0 17.0 0.30 3.53 0.005 0.33 Infill
And 255.0 284.2 29.2 0.28 2.66 0.012 0.34 Infill
And 328.5 370.5 42.0 0.21 1.84 0.008 0.25 Infill
And 476.5 493.5 17.0 0.19 1.46 <0.005 0.21 Infill
And 546.0 591.0 45.0 0.56 3.46 0.046 0.75 Infill
And 807.9 833.0 25.1 0.53 2.79 <0.005 0.56 Expansion
And 864.0 891.0 27.0 0.40 2.46 <0.005 0.42 Expansion
30-1128 8.0 32.0 24.0 0.18 2.48 <0.005 0.19 Expansion
And 44.0 58.0 14.0 0.21 2.01 <0.005 0.22 Expansion
And 78.0 193.5 115.5 0.44 3.67 0.008 0.49 Expansion
And 225.0 555.6 330.6 0.46 4.33 <0.005 0.49 Expansion
(including) 392.0 406.5 14.5 2.51 24.9 <0.005 2.66 Expansion
30-1130 5.0 18.0 13.0 0.19 2.09 <0.005 0.21 Infill
And 168.0 515.7 347.7 0.24 2.14 0.010 0.29 Infill
And 610.5 888.0 277.5 0.26 1.51 0.023 0.35 Infill
30-1131 27.0 741.0 714.0 0.21 1.11 0.015 0.27 Both
* See explanatory notes below on copper equivalent values and Quality Assurance/Quality Controls.
** “Both” indicates drill holes that have contiguous shallower infill as well as deeper expansion intercepts.
Discussion
Drill hole 30-1115, located on the eastern margin of the 2024 MRE model, did not intersect significant mineralization to a depth
of 499 metres, but cut relatively high grades of 33.0 metres averaging 1.28 % Cu, 8.89 g/t Ag within the C Zone skarn horizon
(expansion), as well as 56.1 metres averaging 0.59 % Cu and 3.52 g/t Ag, above the E Zone skarn horizon. The hole ended in
an E zone stope where massive sulfides and high-grade skarns were previously mined.
Drill hole 30-1117, located on the western flank of Copper Mountain, cut three mineralized intervals including 779.0 metres
averaging 0.26 % Cu, 1.68 g/t Ag and 0.019% Mo (which includes 312.5 metres of depth expansion), extending mineralization
in this area to a vertical depth of 991 metres.
Drill hole 30-1118, located near the southern lip of the Copper Mountain open pit, cut two mineralized intervals including 555.9
metres averaging 0.20 % Cu, 1.00 g/t Ag and 0.008% Mo (infill) as well as a deeper intersection of 151.5 metres averaging
0.11 % Cu, 0.77 g/t Ag and 0.027% Mo (expansion), extending mineralization in this area to a vertical depth of 776 metres.
Drill hole 30-1123, located on the southern flank of Copper Mountain, cut three mineralized intersections, 14 to 36 metres thick
and distributed in “layer cake” fashion from surface to a vertical depth of 137 metres, followed by 313.5 metres averaging 0.23
% Cu, 1.84 g/t Ag and 0.012% Mo (infill and expansion) and then by 220.5 metres averaging 0.20 % Cu, 1.63 g/t Ag and
0.024% Mo (expansion), extending mineralization in this area to a vertical depth of 774 metres.
Drill hole 30-1125, located approximately 200 metres south of 30-1118, near Copper Brook, cut five mineralized intersections,
30 to 293 metres thick and distributed in “layer cake” fashion from surface to a vertical depth of 936 metres, including 184.2
metres averaging 0.20 % C and 0.97 g/t Ag (infill) as well as 293.0 metres averaging 0.23 % Cu, 1.26 g/t Ag and 0.019% Mo
(expansion).
Drill hole 30-1126, located on the western flank of Copper Mountain, cut two mineralized intervals including 804.0 metres
averaging 0.24 % Cu, 1.48 g/t Ag and 0.016% Mo (which includes 399.4 metres of depth expansion), extending mineralization
in this area to a vertical depth of 1033 metres.
Drill hole 30-1127, located near the eastern margin of the 2024 MRE model, cut eight intersections of mineralization, 17 to 45
metres thick and distributed in “layer cake” fashion from surface to a vertical depth of 891 metres, confirming the near limit of
the 2024 MRE model at this location.
Drill hole 30-1128, located 100 metres south of the southern margin of the 2024 MRE model, cut four mineralized
intersections, all expansion outside the current resource model, including 115.5 metres averaging 0.44 % Cu and 3.67 g/t Ag
within (and above) the B Zone skarn horizon, as well as 330.6 metres averaging 0.46 % Cu and 4.33 g/t Ag from the top of the
C Zone skarn to well below (120 metres) the E zone horizon. This latter intersection included a high-grade interval of 14.5
metres averaging 2.51 % Cu and 24.9 g/t Ag, located in a mineralized vein/massive sulfide zone about 20 metres above the
E Zone horizon. This is a new mineralized zone not previously identified at Gaspé Copper and its extent is presently unknown.
Drill hole 30-1130, located on top of Copper Mountain near the center of the 2024 MRE model, cut two significant mineralized
intervals including 347.7 metres averaging 0.24 % Cu, 2.14 g/t Ag and 0.010% Mo, followed by 277.5 metres averaging 0.26%
Cu, 1.51 g/t Ag and 0.023% Mo, extending mineralization in this area to a vertical depth of 874 metres.
Drill hole 30-1131, located near the southern lip of the Copper Mountain open pit adjacent to 30-1118, was drilled at a 78-
degree dip towards the north and it intersected 741 metres of continuous mineralization from surface, averaging 0.21 % Cu,
1.11 g/t Ag and 0.015% Mo (infill). This hole confirmed mineralization in this area to a vertical depth of 725 metres, ending in
the porphyry intrusion core of the Copper Mountain deposit.
Mineralization at Gaspé Copper is of porphyry copper/skarn type and occurs as disseminations and stockworks of
chalcopyrite with pyrite or pyrrhotite and minor bornite and molybdenite. One prograde and at least five retrograde
vein/stockwork mineralizing events have been recognized at Copper Mountain, which overprint earlier, bedding replacement
skarn and porcellanite-hosted mineralization throughout the Gaspé Copper system. Porcellanite is a historical mining term
used to describe bleached, pale green to white potassic-altered hornfels. Subvertical stockwork mineralization dominates at
Copper Mountain whereas prograde bedding-parallel mineralization, that is mostly stratigraphically controlled, dominates in the
area of lower Copper Mountain, Needle Mountain, Needle East, and Copper Brook. High molybdenum grades (up to 0.5% Mo)
were locally obtained in both the C Zone and E Zone skarns away from Copper Mountain.
The 2022 to 2024 Osisko Metals drill programs were focused on defining open-pit resources within the Copper Mountain
stockwork mineralization ( see May 6, 2024 MRE press release). Extending the resource model south of Copper Mountain into
the poorly-drilled prograde skarn/porcellanite portion of the system subsequently led to a significantly increased resource,
mostly in the Inferred category (see November 14, 2024 MRE press release).
The current drill program is designed to convert the November 2024 MRE to Measured and Indicated categories, as well as
test the expansion of the system deeper into the stratigraphy and laterally to the south and southwest towards Needle East
and Needle Mountain respectively. The November 2024 MRE was limited at depth to the base of the L1 skarn horizon (C
Zone), and all mineralized intersections below this horizon represent potential depth extensions to the deposit, to be included
in the next scheduled MRE update in Q1 2026.
Most holes are being drilled sub-vertically into the altered calcareous stratigraphy which dips 20 to 25 degrees to the north.
The L1 (C Zone) the L2 (E Zone) skarn/marble horizons were intersected in most holes, as well as intervening porcellanites
that host the bulk of the disseminated copper mineralization.
Table 2: Drill hole locations
DDH No. Azimuth (°) Dip (°) Length (m) UTM E UTM N Elevation
30-1115 0.0 -90.0 723.6 316600.0 5426109.0 612.4
30-1117 0.0 -90.0 1014.0 315811.0 5426424.0 695.7
30-1118 0.0 -90.0 780.0 315612.0 5426495.0 580.2
30-1123 0.0 -90.0 894.0 316136.0 5425972.8 621.3
30-1125 0.0 -90.0 972.0 315608.0 5426313.0 580.0
30-1126 0.0 -90.0 1080.9 315800.0 5426321.0 651.9
30-1127 0.0 -90.0 1029.0 316500.0 5426171.0 647.8
30-1128 90.0 -88.0 675.0 316277.0 5425557.0 566.5
30-1130 345.0 -80.0 888.0 316194.0 5426387.0 746.0
30-1131 355.0 -78.0 741.0 315612.0 5426495.0 583.0
Explanatory note regarding copper-equivalent grades
Copper Equivalent grades are expressed for purposes of simplicity and are calculated taking into account: 1) metal grades; 2)
estimated long-term prices of metals: US$4.25/lb copper, $20.00/lb molybdenum, and US$24/oz silver; 3) estimated
recoveries of 92%, 70%, and 70% for Cu, Mo, and Ag respectively; and 4) net smelter return value of metals as percentage of
the price, estimated at 86.5%, 90.7%, and 75.0% for Cu, Mo, and Ag respectively.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Mr. Bernard-Olivier Martel, P.
Geo. (OGQ 492), an independent “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for
Mineral Projects (“NI 43-101”).
Quality Assurance / Quality Control
Mineralized intervals reported herein are calculated using an average 0.12% CuEq lower cut-off over contiguous 20-metre
intersections (shorter intervals as the case may be at the upper and lower limits of reported intervals). Intervals of 10 metres
or less are not reported unless indicating significantly higher grades . True widths are estimated at 90 – 92% of the reported
core length intervals.
Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses, including
insertion of blanks and standards in the sample stream. Drill core is drilled in HQ or NQ diameter and securely transported to
its core processing facility on site, where it is logged, cut and sampled. Samples selected for assay are sealed and shipped to
ALS Canada Ltd.’s preparation facility in Sudbury. Sample preparation details (code PREP-31DH) are available on the ALS
Canada website. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four
acid digestion followed by both ICP-AES and ICP-MS for Cu, Mo and Ag.
About Osisko Metals
Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector,
with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from
Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec's Gaspé
Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated
Mineral Resources of 824 Mt averaging 0.34% CuEq and Inferred Mineral Resources of 670 Mt averaging 0.38% CuEq
(in compliance with NI 43-101). For more information, see Osisko Metals' November 14, 2024 news release entitled "Osisko
Metals Announces Significant Increase in Mineral Resource at Gaspé Copper". Gaspé Copper hosts the largest undeveloped
copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of
Québec.
In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point
Mining Limited joint venture to advance one of Canada's largest past-producing zinc mining camps, the Pine Point project,
located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated
Mineral Resources of 49.5 Mt averaging 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt averaging 5.64% ZnEq
(in compliance with NI 43-101). For more information, see Osisko Metals' June 25, 2024 news release entitled "Osisko Metals
releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq". The Pine Point
project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical
substation and 100 kilometres of viable haul roads.
For further information on this news release, visit www.osiskometals.com or contact:
Don Njegovan, President
Email: [email protected]
Phone: (416) 500-4129
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation
based on expectations, estimates and projections as at the date of this news release. Any statement that involves
predictions, expectations, interpretations, beliefs, plans, projections, objectives, 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", "forecasts", "estimates", "potential", "feasibility",
"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, occur or be achieved) are not statements of historical fact and may be forward-
looking information and are intended to identify forward-looking information. This news release contains forward-looking
information pertaining to, among other things: the tax treatment of the FT Units; the timing of incurring the Qualifying
Expenditures and the renunciation of the Qualifying Expenditures; the ability to advance Gaspé Copper to a construction
decision (if at all); the ability to increase the Company's trading liquidity and enhance its capital markets presence; the
potential re-rating of the Company; the ability for the Company to unlock the full potential of its assets and achieve success;
the ability for the Company to create value for its shareholders; the advancement of the Pine Point project; the anticipated
resource expansion of the Gaspé Copper system and Gaspé Copper hosting the largest undeveloped copper resource in
eastern North America.
Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and
assumptions of management, in light of management's experience and perception of trends, current conditions and expected
developments, as well as other factors that management believes to be relevant and reasonable in the circumstances,
including, without limitation, assumptions about: the ability of exploration results, including drilling, to accurately predict
mineralization; errors in geological modelling; insufficient data; equity and debt capital markets; future spot prices of copper
and zinc; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production
costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being
received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining
equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties
and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially
from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.ca)
under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue reliance should not be placed on such information,
which only applies as of the date of this news release, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking
information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Exchange) accept 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.
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