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Osisko Announces Election of Directors and Other Voting Results from Its Annual Meeting of Shareholders

Shareholder Meetings

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OSISKO ANNOUNCES ELECTION OF DIRECTORS AND OTHER VOTING

RESULTS FROM ITS ANNUAL MEETING OF SHAREHOLDERS

(Montréal, May 13, 2021) Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX &

NYSE) announces that, at the annual meeting of shareholders held on May 12, 2021, each of the

9 nominees listed in the management information circular, filed on April 8, 2021 (the “Circular”)

with regulatory authorities, were elected as directors of the Corporation.

Election of Directors

Based on the proxies received and the votes by ballot, the following individuals were elected as

directors of the Corporation until the next annual shareholders’ meeting, with the following results:

RESOLUTION No 1

Name of Nominee

Votes cast

FOR

Percentage (%)

of votes cast

FOR

Votes

WITHHELD

Percentage

(%)

WITHHELD

The Honorable John R. Baird 119,147,281 99.70 361,956 0.30

Christopher C. Curfman 118,461,587 99.12 1,047,650 0.88

Joanne Ferstman 111,401,507 93.22 8,107,730 6.78

W. Murray John 111,963,660 93.69 7,545,577 6.31

Pierre Labbé 118,005,334 98.74 1,503,903 1.26

Candace MacGibbon 117,035,916 97.93 2,473,321 2.07

Charles E. Page 119,324,317 99.85 184,920 0.15

Sean Roosen 116,817,055 97.75 2,692,182 2.25

Sandeep Singh 119,330,056 99.85 179,181 0.15

Appointment and Remuneration of Auditor

Based on the proxies received and the votes by ballot, PricewaterhouseCoopers, LLP, Chartered

Professional Accountants, was appointed as independent auditor of the Corporation for the

ensuing year and the directors are authorized to fix its remuneration, with the following results:

RESOLUTION No 2 Votes cast

FOR

Percentage (%)

of votes cast

FOR

Votes

WITHHELD

Percentage

(%)

WITHHELD

Appointment and

Remuneration of Auditor 131,564,013 99.74 341,814 0.26

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Approval of the Unallocated Rights and Entitlements under the Employee Share

Purchase Plan

Based on the proxies received and the votes by ballot with respect to the adoption of an ordinary

resolution to approve the unallocated rights and entitlements under the Employee Share

Purchase Plan, the results are as follows:

RESOLUTION No 3 Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage

(%)

AGAINST

Ordinary Resolution to approve

the unallocated rights and

entitlements under the Employee

Share Purchase Plan 118,910,253 99.50 598,984 0.50

Approval of Amendments to the Restricted Share Unit Plan and Approval of the

Unallocated Rights and Entitlements under the plan

Based on the proxies received and the votes by ballot with respect to the adoption of an ordinary

resolution to approve the amendments to the Restricted Share Unit Plan and approve the

unallocated rights and entitlements under the plan, the results are as follows:

RESOLUTION No 4 Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage

(%)

AGAINST

Ordinary Resolution to approve

the amendments to Restricted

Share Unit Plan and approve

the unallocated rights and

entitlements under the plan 117,944,032 98.69 1,565,204 1.31

Advisory Resolution on Executive Compensation

Based on the proxies received and the votes by ballot with respect to the adoption of an advisory

resolution accepting the Corporation’s approach to executive compensation, the results are as

follows:

RESOLUTION No 5 Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage

(%)

AGAINST

Advisory Resolution on

Executive Compensation 116,861,074 97.78 2,648,164 2.22

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About Osisko Gold Royalties Ltd

Osisko 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 150

royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone

asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest g old

mine in Canada.

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

Québec, H3B 2S2.

For further information, please contact Osisko Gold Royalties Ltd:

Heather Taylor

Vice President, Investor Relations

Tel. (514) 940-0670 #105

Email : [email protected]