Osisko Announces Filing of Management Information Circular

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OSISKO ANNOUNCES FILING OF MANAGEMENT INFORMATION CIRCULAR

Montréal, April 11, 2022 – Osisko Gold Royalties Ltd (the “ Corporation” or “Osisko ”) (OR: TSX & NYSE) is

pleased to announce that its Notice of Annual Meeting of Shareholders and Management information Circular are

now available on the Corporation’s website at https://osiskogr.com/en/2022-agm/ as well as on SEDAR

(www.sedar.com) and on EDGAR (www.sec.gov).

Osisko’s annual meeting of shareholders will be held on May 12th, 2022 at 1:00 PM (Eastern Daylight Time) at the

Montréal Marriott Château Champlain Hotel in Mo ntreal, and attendance will be in compliance with the

recommendations of the Public Health Officials.

Mr. Christopher C. Curfman has decided not to stand for re- election. Mr. Sean Roosen, Executive Chair of the

Board commented: “On behalf of the board, we would like to express our appreciation to Chris for his contribution

over the last six years and also wish to extend to him our gratitude for his services and insight during his mandate

as a director of the Corporation.”

The Governance and Nomination Committee has recommended the nomination of Ms. Edie Hofmeister as

candidate for the election to the board of directors. Ms. Hofmeister has extensive experience in the mining sector,

having served as Executive Vice President Corporate Affairs and General C ounsel for Tahoe Resources Inc.

where she led the Legal, Sustainability and Government Affairs departments. Since 2006, Ms. Hofmeister has

worked alongside rural and indigenous communities in India, Peru, Guatemala, Mexico and Canada to enhance

food, work and water security. Ms. Hofmeister serves as the Chair of the International Bar Association’s Business

and Human Rights Committee, a group dedicated to promoting high ESG standards in multi-national corporations.

Ms. Hofmeister received a Bachelor of Arts degree in international relations from UCLA, a Master of Arts degree

in international peace studies from the University of Notre Dame and a Juris Doctor degree from the University of

San Francisco.

Mr. Sandeep Singh, President and Chief Executive Officer of Osisko declared: “ We are delighted to announce

Edie as a nominee for the board. Subject to her election, this continues our board renewal proc ess as she would

become the fifth new director to be introduced in just over 24 months. Her skillset, in particular in the ESG field,

will be a great complement to our team.”

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 16 5 royalties, streams and precious metal

offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net sm elter return royalty on the Canadian

Malartic mine, which is the largest gold mine in Canada.

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

H3B 2S2.

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For further information, please contact Osisko Gold Royalties Ltd:

Heather Taylor

Vice President, Investor Relations

Tel: (514) 940-0670 #105

Email: [email protected]

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, statements with respect to future events or future performance, the realization of the anticipated benefits deriving from

Osisko’s investments, the general performance of the assets of Osisko, and the results of exploration, development and production activities

as well as expansions projects relating to the properties in which Osisko holds a royalty, stream or other interest. Words such as “may”, “will”,

“would”, “could”, “expect”, “suggest”, “appear”, “believe”, “plan”, “anticipate”, “intend”, “target”, “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, without limitation, the results of the election of Directors at the annual meeting of shareholders,

management’s perceptions of historical trends; current conditions; expected future developments; the ongoing operation of the properties in

which Osisko holds a royalty, stream or other interest by the operators of such properties in a manner consistent with past practice; the

accuracy of public statements and disclosures made by the operators of such underlying properties; no material adverse change in the market

price of the commodities that underlie the asset portfolio; no adverse development in respect of any significant property in which Osisko holds

a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet

in production; and the absence of any other factors that could cause actions, e vents or results to differ from those anticipated, estimated or

intended. 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, t hat the financial

information presented in this press release is preliminary and could be subject to adjustments, the successful continuation of operations

underlying the Corporation’s assets, the performance of the assets of Osisko, the growth and the benefits deriving from its portfolio of

investments, risks related to the operators of the properties in which Osisko holds a royalty, stream or other interest, including changes in the

ownership and control of such operators; risks related to development, permitting, infrastructure, operating or technical difficulties on any of

the properties in which Osisko holds a royalty, stream or other interest, the influence of macroeconomic developments as well as the impact

of and the responses of relevant governments to the COVID-19 outbreak and the effectiveness of such responses. In this press release, Osisko

relies on information publicly disclosed by third parties pertaining to its assets and, therefore, assumes no liability for s uch third party public

disclosure.

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

statements set forth herein reflect Osisko’s expectations as at the date of this press release and are 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.