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Osisko Metals Participates in a $250,000 Donation to UNB for the Creation of the Osisko Field Education Fund

Marketing Announcement

Osisko Metals Participates in a $250,000 Donation to UNB for the Creation of

the Osisko Field Education Fund

MONTREAL, Oct. 10, 2018 -- Osisko Metals Incorporated (the “ Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT:

0B51) is pleased to announce that it has joined forces with Osisko Gold Royalties Ltd and Osisko Mining Inc. to create the

Osisko Field Education Fund for the Earth Sciences Department at the University of New Brunswick (“UNB”), and together

have donated $250,000 to the It Begins Here campaign, the largest fundraising effort ever undertaken by UNB.

Together alongside alumni, students, faculty, staff and corporate and community members, UNB surpassed its $110 million

goal by raising $125 million dollars. The momentous fundraising campaign was dedicated to ensuring that students have the

financial support they need to obtain a quality university education. This is a transformational event for the university.

The Osisko Field Education Fund is an effort that will yield a direct benefit to students within the Earth Sciences program,

helping to reduce the cost of UNB’s stratigraphy and geological mapping field school courses. The courses will therefore

become more accessible while supporting the university’s high standard of excellence in Earth Sciences.

Jeff Hussey, President & CEO of Osisko Metals comments, “We are extremely happy to be part of this effort that will ensure

that tomorrow’s students reap the same rewards from a UNB education that I have enjoyed as a UNB graduate.”

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/33d9c5b6

-8dfb-41a8-879c-a2d02f2ac9e8

The Company would like to address an arithmetical error within its press release dated October 9, 2018. Hole EM-18-PP-152

should have read, “intersected 4.22% Zinc and 2.56% Lead (6.78% Zinc + Lead) over 8.20 metres”.

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 historical zinc mining camps, namely the Pine Point Mining

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 camps for a combined total 100,000 metre drill program.

 The focus of these programs is to upgrade historical resources to NI43-101 standards and also to pursue exploration around

historical deposits. Brownfield exploration includes 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

(438) 399-8665

Email: [email protected]

www.osiskometals.com

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

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 release. No stock exchange, securities

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