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Osisko Announces the Vote Results from Its Annual and Special Meeting of Shareholders

Shareholder Meetings

1

OSISKO ANNOUNCES THE VOTE RESULTS FROM ITS ANNUAL AND

SPECIAL MEETING OF SHAREHOLDERS

(Montréal, May 4, 2018) Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (TSX:OR) (NYSE:OR)

announces that, at the annual and special meeting of shareholders held on May 3, 2018, each of the 10

nominees listed in the management information circular filed on March 29, 2018 (the “Circular”) with

regulatory authorities were elected as directors of the Corporation.

Based on the proxies received and the votes on a show of hands, the following individuals were elected

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

Election of Directors

RESOLUTION No1

Name of Nominee

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

WITHHELD

Percentage (%)

WITHHELD

Françoise Bertrand 124,293,169 99.44 694,519 0.56

John Burzynski 117,375,123 93.91 7,612,565 6.09

Pierre D. Chenard 124,621,716 99.71 365,972 0.29

Christopher C. Curfman 124,461,483 99.58 526,205 0.42

Joanne Ferstman 124,323,634 99.47 664,054 0.53

André Gaumond 124,035,155 99.24 952,533 0.76

Pierre Labbé 124,656,616 99.74 331,072 0.26

Oskar Lewnowski 124,031,269 99.23 956,419 0.77

Charles E. Page 124,444,166 99.57 543,522 0.43

Sean Roosen 123,542,449 98.84 1,445,239 1.16

Appointment and Remuneration of Auditors

Based on the proxies received and the votes on a show of hands, PricewaterhouseCoopers, LLP,

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

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

RESOLUTION No2

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

WITHHELD

Percentage

(%)

WITHHELD

Appointment and

Remuneration of Auditors 131,371,967 99.70 393,624 0.30

2

Approval of Amendments to the Employee Share Purchase Plan and Approval of all Unallocated

Rights and Entitlements

Based on the proxies received and the votes on a show of hands with respect to the adoption of an

ordinary resolution to approve amendments to the Employee Share Purchase Plan and approve all

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

RESOLUTION No3

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage

(%)

AGAINST

Ordinary Resolution to

approve amendments to

the Employee Share

Purchase Plan and

approve all unallocated

rights and entitlements 124,652,212 99.73 335,474 0.27

Approval of Amendments to the Stock Option Plan

Based on the proxies received and the votes on a show of hands with respect to the adoption of an

ordinary resolution to approve amendments to the Stock Option Plan, reducing the number of common

shares of the Corporation issuable under the Stock Option Plan to a rolling 5% of the issued and

outstanding common shares of the Corporation, the results are as follows:

RESOLUTION No4

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage (%)

AGAINST

Ordinary Resolution to

approve amendments to

the Stock Option Plan 123,518,644 98.82 1,469,144 1.18

Approval of the Amended Restricted Share Unit Plan

Based on the proxies received and the votes on a show of hands with respect to the adoption of an

ordinary resolution to approve the amended Restricted Share Unit Plan and approve all unallocated rights

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

RESOLUTION No5

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage

(%)

AGAINST

Ordinary Resolution to

approve the amended

Restricted Share Unit Plan

and approve all unallocated

rights and entitlements 122,060,542 97.66 2,927,143 2.34

3

Advisory Resolution on Executive Compensation

Based on the proxies received and the votes on a show of hands with respect to the adoption of an

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

follows:

RESOLUTION No6

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage

(%)

AGAINST

Advisory Resolution on

Executive Compensation 123,967,898 99.18 1,019,788 0.82

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 15.5% interest in Osisko

Mining Inc., a 12.7% interest in Falco Resources Ltd. and a 32.6% 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 further information please contact:

Vincent Metcalfe

Vice President, Investor Relations

Tel. (514) 940-0670

[email protected]

Joseph de la Plante

Vice President, Corporate Development

Tel. (514) 940-0670

[email protected]