1. For details, please refer to Osisko Mining’s press release dated
1. For details, please refer to Osisko Mining’s press release dated December 16, 2019 titled: Osisko Intersects 1475 g/t
over 4.6 Meters in Lynx.
1
OSISKO ANNOUNCES POSITIVE DRILL RESULTS AT
OSISKO MINING’S WINDFALL PROJECT
Montreal, December 16, 2019 – Osisko Gold Royalties Ltd (“Osisko” or the “Company”) (TSX &
NYSE: OR) is pleased to announce that Osisko Mining Inc. (“Osisko Mining”) has reported significant
high-grade drill results at its Windfall gold project (“Windfall”). Today, Osisko Mining announced 1 a
diamond drill intercept that graded 1,475 grams per tonne uncut over 4.6 meters at Windfall’s Lynx zone
representing one of the best intercepts at the project to date.
Sean Roosen, Chair and CEO of Osisko stated: “ We would like to extend our congratulations to the
Osisko Mining team, led by John Burzynski, for this excellent achievement and also for having delivered
very positive results from the Lynx bulk sample announced last week (see Osisko Mining’s news release
dated December 12, 2019) . The Windfall project will deliver substantial benefits to the provi nce of
Québec, the area’s First Nations communities and other stakeholders.”
Osisko owns a 1.5% net smelter return (“NSR”) royalty on Windfall (“Windfall Royalty”). The Company
initially acquired a 0.5% NSR royalty in April of 2014 as part of the acquisition of Virginia Mines Inc., and
later increased its royalty in October 2016 in a transaction with Osisko Mining where it acquired an
additional 1% NSR royalty. The Windfall Royalty provides Osisko with exciting exposure to a large area
covering Canada’s next emerging high-grade world-class gold camp.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Mr. Guy
Desharnais, Ph.D., P.Geo., Director of Mineral Resources Evaluation at Osisko Gold Royalties Ltd, who
is a “qualified person” as defined by National Instrument 43 -101 – Standards of Disclosure for Mineral
Projects (“NI 43-101”).
Quality Control and Reporting Protocols
True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays
are uncut. Intercepts occur within geological confines of major zones but have not been correlated to
individual vein domains at this time. NQ core assays reported were obtained by either 1-kilogram screen
fire assay or standard 50- gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories. For
additional technical details, please refer to Osisko Mining’s press release1.
About Osisko Gold Royalties Ltd
Osisko Gold Royalties Ltd is an intermediate precious metal royalty company that holds a North American focused
portfolio of over 135 royalties, streams and precious metal offtakes. Osisko's portfolio is anchored by its 5% NSR
royalty on the Canadian Malar tic Mine, the largest gold mine in Canada. Osisko also holds an equity portfolio of
publicly traded resource companies, including a 15.9% interest in Osisko Mining Inc., a 19.8% interest in Osisko
Metals Incorporated and a 19.9% interest in Falco Resources Ltd.
Osisko is a corporation incorporated under the laws of the Province of Québec, with its head office is located at
1100 avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.
2
For further information, please contact Osisko Gold Royalties Ltd:
Sean Roosen
Chair and Chief Executive Officer
Tel. (514) 940-0670
Forward-looking Statements
Certain statements contained in this press release may be deemed “forward‐looking statements” within the meaning of applicable Canadian
and U.S. securities laws. These forward ‐looking statements, by their nature, require Osisko to make certain assumptions and necessarily
involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these
forward‐looking statements. Forward‐looking statements are not guarantees of performance. These forward‐looking statements, may involve,
but are not limited to, the significance of Osisko Mining’s results from the new infill drilling and the potential of its Windfall Lake gold deposit to
continue to deliver benefit for all its stakeholders, the ability of Osisko Mining to realize upon any mineralization in a manner that is economic
and its ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any
mineralization. Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the
negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward‐looking
statements. Information contained in forward ‐looking statements is based upon certain material assumptions that were applied in drawing a
conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future
developments, as well as other considerations that are believed to be appropriate in the circumstances. Osisko considers its assumptions to
be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which
are beyond the control of Osisko, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko and
its business; Such risks and uncertainties include, among others, risks relating to the ability of exploration activiti es carried out by Osisko
Mining (including drill results) to accurately predict mineralization; errors in Osisko Mining’s geological modelling; the ability of Osisko Mining
to complete further exploration activities, including drilling.
For additional information with respect to these and other factors and assumptions underlying the forward ‐looking statements made in this
press release, see the section entitled “Risk Factors” in the most recent Annual Information Form of Osisko which is filed wi th the Canadian
securities commissions and available electronically under Osisko’s issuer profile on SEDAR at www.sedar.com and with the U.S. Securities
and Exchange Commission and available electronically under Osisko’s issuer profile on EDGAR at www.sec.gov. The forward‐ looking
information set forth herein reflects Osisko’s expectations as at the date of this press release and is subject to change after such date. Osisko
disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events
or otherwise, other than as required by law.