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Osisko Metals Appoints Senior Exploration Staff

Corporate Updates

OSISKO METALS APPOINTS SENIOR EXPLORATION STAFF

(Montréal, Québec – September 5 , 2017) Osisko Metals Incorporated (the “ Company” or “ Osisko

Metals”) (TSX-V:OM; FRANKFURT: 0B5) is pleased to announce the appointment of Mr. Robin Adair,

P. Geo, as Vice Pres ident Exploration and Mr. Gary Woods , P.Geo, as Senior Exploration Manager ,

Bathurst Project.

Mr. Adair is a Professional Geologist with over thirty-three years of experience in base metals exploration

and development including project acquisition, exploration and discoveries, development and production.

Mr. Adair spent the majority of his career working for Noranda/Falconbridge, holding several senior

positions including Senior Manager, Zinc Exploration. During this time, he spent 11 years in the Bathurst

camp where he is credited with a number of significant discoveries leading to production. In later years,

Mr. Adair worked in base metal exploration throughout Quebec and Canada as well as internationally. He

was also a key member of the team that discover ed and developed the Bracemac -McLead mine in the

Matagami camp in Quebec. His technical experience encompasses resource estimation , predictive

metallurgical studies, environmental impact assessments, NI 43 -101 reporting, negotiation of joint -

venture agreements, corporate development and community relations. Mr. Adair received his B.Sc. and

M.Sc. in Geology from the University of Alberta and is a Registered Professional Geologist and Qualified

Person. He is currently an Honorary Research Associate at the Uni versity of New Brunswick and works

with the mineral deposits group.

The Company is also pleased to welcome Mr. Gary Woods as Senior Exploration, Manager Bathurst

Project. Mr. Woods has close to 40 years of professional experience in mineral exploration wit h a

specialization in volcanogenic massive sulphide and porphyry/skarn base metal deposits. In 1982, Mr.

Woods joined BP Minerals where he was first introduced to the Bathurst Mining Camp , and where he

played a key role in the discovery of the Daniels Pond Zn-Pb deposit and other massive sulphide deposits

in central Newfoundland . He later joined Noranda Exploration where he progressed to Exploration

Manager for Eastern Canada and was involved in exploring for porphyry/skarn copper and volcanogenic

massive sulphide deposits in both New Brunswick and Newfoundland. Mr. Woods was involved in the

Mt. Fronsac North and the Halfmile Deep discoveries in the Bathurst Mining Camp . He then became

Exploration Manager for Noranda in Mexico, focusing on porphyry copper exploration. Most recently he

was Exploration Manager for Starcore International Mines Ltd , managing mineral exploration for an

underground gold/silver mining operation in central Mexico. Mr. Woods holds a B.Sc. in Geology from

Western University in Ontario and is a Registered Professional Geologist and Qualified Person.

Jeff Hussey, President and CEO of Osisko Metals comments : “We welcome Robin and Gary to our

management team and look forward to benefitting from their extensive base metal experience in the

Bathurst Mining Camp . They will no doubt contribute to making new discoveries and advance projects

towards development and production.”

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About Osisko Metals

Osisko Metals is a Canadian base metal exploration and development company creating value in the zinc space in

Canada. In 2017, the Company acquired over 40,000 hectares in the Bathurst Mining Camp (“BMC”), a major

historical zinc-lead-silver producing district. The objective is to develop a multi -deposit asset base in the BMC that

would feed a central co ncentrator. In Qu ébec, the Company acquired 42,000 hectares that cover 12 grass -root zinc

properties that will be selectively advanced through exploration . In parallel, Osisko Metals will be monitoring

several zinc -oriented peers for other acquisition opportunities. Osisko Gold Royalties Ltd. (TSX/NYSE: OR) and

Osisko Mining Inc. (TSX: OSK) are significant shareholders of the Company.

For further information on Osisko Metals, visit www.osiskometals.com or contact:

Jeff Hussey

President & CEO

Osisko Metals Incorporated

(514) 861-4441

Email: [email protected]

www.osiskometals.com

Christina Lalli

Director, Investor Relations

Osisko Metals Incorporated

(514) 861-4441

Email: [email protected]

www.osiskometals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of th e 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, projections and interpretations as at the date of this news release. The informatio n

provided in this news release about the exploration and/or resource development projects, including new results from drill

programs, the significance of assay results, potential 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, expe ctations,

interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always usi ng

phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or " does not

anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words an d

phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occu r or be

achieved) are not statements of historical fact and may 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 geol ogical

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 o f

exploration activities; risks relating to mining activities; the global 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 reasonable 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 such forward looking statements

or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.