Osisko Announces Increase to Its Royalties ON Osisko Mining’S Windfall Project
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OSISKO ANNOUNCES INCREASE TO ITS ROYALTIES ON
OSISKO MINING’S WINDFALL PROJECT
Montreal, January 20 , 20 20 – Osisko Gold Royalties Ltd (“Osisko” or the “Company”) (TSX &
NYSE: OR) is pleased to announce that it has increased its net smelter return (“ NSR”) royalty on the
world-class Windfall gold project (“Windfall Project”), currently being developed by Osisko Mining Inc.
(“Osisko Mining”).
Pursuant to its investment agreement with Osisko Mining dated August 25, 2015, the Company has
exercised its right to repurchase six (6) existing royalties on the Windfall Project. The royalties were
purchased for total consideration of C$3,000,000 cash, and have increased the Company’s effective
NSR royalty on the claims covering the Windfall Project to 2.0 – 3.0%, up from 1.0% – 1.5%.
Sandeep Singh, President of Osisko stated: “We are very pleased with today’s announcement , which
highlights the benefits of Osisko’s unique and potent accelerator model. The exercise of Osisko’s right
to repurchase existing royalties, at cost, represents an excellent transaction for Osisko covering a vast
area in an emerging world -class Canadian mining camp. We would also like to extend our
congratulations to the Osisko Mining team as they continue to deliver exceptional results; we believe
that th e Windfall project will deliver substantial benefits to the province of Québec, the area’s First
Nations communities and our respective shareholders.”
About the Windfall Project
The ongoing drill program at Windfall started in October 2015 and has included over 900,000 metres of
reported drilling to date from approximately 3,000 holes. The program is currently focused on infill drilling
and expansion drilling at the Lynx deposit, exploration on the main mineralized zones, and deep
exploration in the central areas of the mineralized intrusive system. The global resource reporte d at
Windfall includes 2,874,000 tonnes averaging 8.17 g/t Au for 754,000 indicated ounces gold, and
10,352,000 tonnes averaging 7.11 g/t Au for 2,366,000 inferred ounces gold (see November 27, 2018
Press Release). Results from processing 5,716 tonnes mine d from Lynx in 2019 (the “bulk sample”)
exceeded expectations, returning an average grade of 17.8 g/t Au (see December 11, 2019 Press
Releases).
About Osisko Gold Royalties Ltd
Osisko Gold Royalties Ltd is an intermediate precious metal royalty company tha t 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 Malartic 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 17.9% 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.
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Qualified Person
The scientific and technical content of this news release has been reviewed and approved by 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”).
For further information, please contact Osisko Gold Royalties Ltd:
Sandeep Singh
President
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 ability of Osisko to realize the full potential of its investments with Osisko Mining and of its transaction with Barkerville
Gold Mines Ltd., and the ability of Osisko Mining to continue to successfully develop the Windfall Project. Words such as “may”, “will”, “would”,
“could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative or comparable terminolo gy, as well as terms
usually used in the future and the conditio nal, 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 activities carried out by Osisko Mining to accurately predict mineralization; errors in operator
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 mos t recent Annual Information Form of Osisko which is filed with 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 elect ronically 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.