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OR.TO ·

Osisko Appoints Pierre Chenard to Board of Directors

Management Changes

For further information, please contact Osisko Gold Royalties:

Vincent Metcalfe

Vice President, Investor Relations

Tel. (514) 940-0670

[email protected]

1

OSISKO APPOINTS PIERRE CHENARD

TO BOARD OF DIRECTORS

(Montreal, Québec, September 18, 2017) Osisko Gold Royalties Ltd (the “Co mpany” or “Osisko”)

(TSX:OR) (NYSE:OR) is pleased to announce the appointment of Mr. Pierre Chenard to its Board of

Directors.

Since 2011 Mr. Chenard has been the Vice President, Business Development and General Counsel,

Aluminium at Rio Tinto Aluminum . Mr. Chenard has held progressive roles in both the corporate

development and legal areas, including General Counsel, Rio Tinto Global Aluminium and Canada

(2007-2011), Vice President and General Counsel at Alcan Inc. (2000-2007) and Vice President and

Head of Corporate Development at Cambior Inc. (1988-2000). Mr. Chenard earned Civil and Common

Law degrees from McGill University and has been a member of the Quebec Bar since 1984.

Sean Roosen, Chair of the Board of Directors and Chief Executive Officer stated: “We are very pleased

to have Pierre join our Board of Directors. We look forward to benefiting from his wealth of experience

acquired in the global resource sector over the past 30 years. His business development, legal skills

and experience will be a strong complement to our Board.”

About Osisko Gold Royalties Ltd

Osisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the Americas that

commenced activities in June 2014. Osisko holds a North American focused portfolio of over 130 royalties, streams

and precious metal offtakes. Osisko’s portfolio is anchored by five cornerstone assets, including a 5% NSR royalty

on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko also owns a portfolio of publicly

held resource companies, including a 15.6% interest in Osisko Mining Inc., a 1 2.7% interest in Osisko Metals

Incorporated, a 13.3% interest in Falco Resources Ltd. and a 33.1% interest in Barkerville Gold Mines Ltd.

Osisko’s head office is located at 1100 Avenue des Canadiens -de-Montréal, Suite 300, Montréal, Québec,

H3B 2S2. For more information, visit www.osiskogr.com.