OM.TO · 2018-06-28 12:00:00

Osisko Metals Intersects Massive Sulphides Over 85 Meters Including 6.07 % Zn, 2.19 %Pb, and 0.92 %Cu Over 22.2 Metres and 2.17% Cu, 0.064% Co, & 2.97 g/t Au Over 7.45 Metres at the Key Anacon Project, NB

Drill Results

Osisko Metals Intersects Massive Sulphides Over 85 Meters Including 6.07 %

Zn, 2.19 %Pb, and 0.92 %Cu Over 22.2 Metres and 2.17% Cu, 0.064% Co, & 2.97

g/t Au Over 7.45 Metres at the Key Anacon Project, NB

MONTREAL, June 28, 2018 -- Osisko Metals Incorporated (the “ Company” or “ Osisko Metals ”) (TSX-V:OM)

(FRANKFURT:OB5) is pleased to announce results from the Titan Zone (formerly the East Zone) at its Key Anacon project

located 20 km south of Bathurst, New Brunswick. Drill hole KA-18-01 intersected 6.07% Zn, 2.19% Pb, 0.92% Cu, 48.8 g/t

Ag, and 0.04 g/t Au over 22.2 metres. In addition to the predominantly Zinc - Lead (“Zn-Pb”) rich intersections, a significant

Copper (Cu), Cobalt (Co), Gold (Au) zone was also encountered adjacent to the Zn-Pb interval and returned 2.17% Cu, 0.064%

Co and 2.97 g/t Au over 7.45m within the broader massive sulphide zone. These are the first gold and cobalt assays

conducted on the project, as these elements were not ever analysed for in past exploration programs at the Key Anacon

property. A sample from this zone has been sent for mineralogical examination to determine the potential recoverability of

these elements.

This drill hole crosscut several massive sulphide zones within the Titan Zone that is located 1.5 km northeast of Key Anacon’s

Main Zone. The sulphides are interpreted to be located in the nose of a steeply plunging anticlinal fold that hosts

mineralization to over a kilometer in depth ( See Key Anacon Titan Zone Long Section B1 ). The Company will continue testing

the extents of these deposits within the current 12,000 metre drill program.

KA-18-01 intersected the reported sulphide zones approximately 50m up-plunge from mineralized intercepts in a historical

drillhole drilled by Rio Algom in 1993, that intersected 19.9 metres grading 7.86% Zn, 3.58 % Pb, 0.33% Cu and 78 g/t Ag

within a mineralized interval of 3.38% Zn, 1.35% Pb, 0.75% Cu and 40.94 g/t Ag over 82.27 metres. The deepest hole

encountered a 75m thick interval of massive sulphides containing 5.1% Zn+Pb over 9.3m, 9.25% Zn+Pb over 13.0m and

5.55% Zn+Pb over 24.3m at over a kilometer depth.

Exploration potential at the Key Anacon property is considered to be excellent on the basis of the presence of the Brunswick

Horizon stratigraphy and the expansive zones of mineralization and alteration. Both the Titan Zone and Main Zone are open at

depth and along strike. Exploration and development programs in the 1950’s and 1960’s were terminated due to the pullback of

the zinc commodity price at that time. Since then, only two minor exploration programs were conducted by major mining

companies.

Highlights:

Hole No. From

(m) To (m) Drill

width(m)

(%)

(g/t)

(%)

KA-18-01 212.50 215.35 2.85 2.46 0.44 0.28 25.53 0.04 0.046

KA-18-01 283.30 305.50 22.20 6.07 2.19 0.92 48.80 0.04 0.015

KA-18-01 347.55 357.80 10.25 6.37 2.43 0.63 65.51 1.28 0.021

KA-18-01 341.05 348.50 7.45 1.85 0.84 2.17 47.95 2.97 0.064

Jeff Hussey, President and CEO of Osisko Metals, commented: “The Titan Zone also hosts significant Cu stringer

mineralization to the north of the current Zn-Pb mineralization with drill intercept values up to 2.71% Cu over 6.0m and 3.6%

Cu over 6.1m over a 1km strike length. Historically, gold (Au) was never assayed for in previous drilling on the Titan Zone. We

are very optimistic about the potential exploration upside of the Key Anacon project.”

Table 1: Drill hole information and location in New Brunswick Double Stereographic Projection (NBS)

Hole

Number

Azimuth

(degrees)

Dip

(degrees)

Length

(m)

Easting

NBS

Northing

NBS

KA-18-01 056 -73 404.0 2561438.9 7605370.3

About Key Anacon

The Key Anacon project is located approximately 20 km south of the town of Bathurst, New Brunswick and 16 km southeast

of the former Brunswick No.12 mine. It is accessible by paved roads. The property contains two known Bathurst-type

volcanogenic massive sulphides deposits containing zinc, lead, copper and silver. The Key Anacon Main Zone and Titan Zone

deposits are situated at the same stratigraphic horizon that hosts the Brunswick No. 12 & No. 6 deposits. The property covers

approximately 12 kilometres of favourable Nepisiguit Falls stratigraphy that also extends onto the surrounding claims held

100% by Osisko Metals.

No resources/reserves estimates have been calculated under NI 43-101 guidelines. Except for exploration programs conducted

in 1992-1993 and 2000, almost all of the drilling took place in the 1950’s and 60’s, prior to currently required standards for

quality assurance and quality control. The earlier drilling lead to the establishment of a 460 metre shaft, a vent raise, eight

levels and three sub-levels at the Main Zone. The Government of New Brunswick, Department of Energy and Resource

Development, Energy and Mines Division reports the deposit as having a historical resource (Non-NI 43-101 compliant) of 1.87

million tonnes grading 6.93% Zn, 2.63% Pb, 0.16% Cu, and 84 g/t Ag in multiple folded lenses. The deposit is open at depth

and along strike.

Note regarding historical resource and Qualified Person

The above-mentioned historical resources do not conform to National Instrument 43-101 standards. The Company is reporting

the historical estimates for reference purposes only. Neither Osisko Metals nor its consultants have completed sufficient work

to verify the historical estimates and these should not be relied upon for investment purposes. A Qualified Person has not done

sufficient work to classify the historical estimates as NI43-101 compliant mineral resources and there is no guarantee that

such work will allow conversion of such historical resources.

Mr. Gary Woods is the Qualified Person responsible for the technical data reported in this news release. He is a Professional

Geologist registered in New Brunswick and is the Senior Exploration Manager of Osisko Metals Incorporated.

Quality Assurance / Quality Control

Osisko Metals adheres to a strict Quality Assurance and Quality Control program with regard to core handling, sampling,

transportation of samples and lab analyses. Drill core from Osisko Metals Bathurst Camp projects is securely transported to

its core facility in Bathurst, NB where it is logged and sampled. Samples selected for assay were shipped via secure

transportation to the Actlabs preparation facility in Fredericton, NB. Pulps were analyzed at Actlabs facility in Ancaster

Ontario. Zinc, lead and copper were analyzed by assay grade peroxide fusion (total digestion) with ICP-AES finish. Silver was

analyzed by gravimetric fire assay and gold by fire assay-atomic absorption.

About Osisko Metals

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

zinc mineral assets. The Company controls Canada’s two premier zinc mining camps in Canada, namely the Pine Point Camp

(“PPMC”) located in the Northwest Territories (22,000 ha) and the Bathurst Mining Camp (“BMC”), located in northern New

Brunswick (63,000 ha). The Company is currently drilling in both mining camps for a combined 100,000 metre program. The

focus of these programs is to upgrade historical resources to comply with NI43-101 regulations and also on exploration around

historical deposits. Brownfield exploration includes new innovative 3D compilation techniques, updated geological

interpretation, and modern geophysics. In Québec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets

that will be selectively advanced through exploration. In parallel, Osisko Metals is monitoring several base metal-oriented peers

for opportunities.

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 of 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 at 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 exploration 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

availability and costs of financing needed in the future; changes in equity markets; inflation; 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 out 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 events or

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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 release. No stock exchange, securities

commission or other regulatory authority has approved or disapproved the information contained herein.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/35696d08

-df9d-4a3c-8c50-425afc46ff83

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