Osisko Metals Closes Royalty Agreement with Osisko GOLD Royalties
OSISKO METALS CLOSES ROYALTY AGREEMENT WITH OSISKO
GOLD ROYALTIES
(Montreal– November 1 , 2017) Osisko Metals Incorporated (the “ Company” or “ Osisko Metals ”)
(TSX-V:OM; FRANKFURT: OB5) is pleased to announce the closing of the C$5 million financing from
Osisko Gold Royalties Ltd (“Osisko Gold”) that was announced October 12, 2017, in which Osisko Gold
will acquire a 1 % net smelter return royalty on Osisko Metals’ current portfolio of projects within both
the Bathurst Mining Camp (“BMC”) and Quebec . The acquired royalty will also apply to areas that
Osisko Metals may acquire in the future that fall within a one kilometer distance (area of influence) from
their current property holdings. Osisko Gold may also acquire existing royalty buy -back agreements on
current projects and will hold rights of first refusal on any future royalty or metal stream sale from
existing or newly acquired properties by Osisko Metals.
About Osisko Gold Royalties Ltd
Osisko Gold Royalties Ltd is an intermediate preci ous metal royalty company focused on the Americas
that commenced activities in June 2014. Following the Orion transaction, Osisko now holds a North
American focused portfolio of over 130 royalties, streams and precious metal offtakes.
About Osisko Metals
Osisko Metals is a Canadian exploration and development company creating value in the base metal
markets with an emphasis on zinc. In 2017, the Company acquired over 50,000 hectares in t he Bathurst
Mining Camp (“BMC”). The objective is to develop a multi -deposit asset base that would feed a central
concentrator. In parallel, Osisko Metals is monitoring several base metal oriented peers for projects
hosting zinc, copper, and nickel for acquisition opportunities. In Québec, the Company acquired 42,000
hectares that cover 12 grass -root zinc targets that will be selectively advanced through exploration .
Osisko Gold Royalties Ltd (TSX/NYSE: OR) and Osisko Mining Inc. (TSX: OSK) are significant
shareholders of the Company.
2
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 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 applicable Canadian securities legislation
based on expectations, estimates and projections as at the date o f this news release. 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. Forward -looking information in this news
release includes, but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if a t all, to
obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy
5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party
transaction; objectives, goals or future plans; statements regarding explorat ion results and exploration plans. Factors that could
cause actual results to differ materially from such forward -looking information include, but are not limited to, capital and
operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or
failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availabilit y and
costs of financing needed in the future; changes in equity markets; inf lation; fluctuations in commodity prices; delays in the
development of projects; the other risks involved in the mineral exploration and development industry; and those risks set ou t in
the Corporation's public documents filed on SEDAR at www.sedar.com. Although the Corporation 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 Corporation disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new information, future even ts or otherwise, other than as required by
law.
Neither the 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 news re lease. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the information contained herein.