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Osisko Announces the Vote Results from Its Annual Meeting of Shareholders

Shareholder Meetings

1

OSISKO ANNOUNCES THE VOTE RESULTS FROM ITS ANNUAL

MEETING OF SHAREHOLDERS

(Montréal, May 2, 201 9) Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (TSX:OR)

(NYSE:OR) announces that, at the annual meeting of shareholders held on May 1st, 2019, each of the

8 nominees listed in the management information circular filed on March 27, 2019 (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 128,810,985 99.91 112,871 0.09

John Burzynski 101,569,368 78.78 27,354,488 21.22

Christopher C. Curfman 128,580,725 99.73 343,131 0.27

Joanne Ferstman 126,200,461 97.89 2,723,395 2.11

Pierre Labbé 128,750,496 99.87 173,360 0.13

Oskar Lewnowski 80,181,821 62.19 48,742,035 37.81

Charles E. Page 128,811,281 99.91 112,575 0.09

Sean Roosen 123,852,322 96.07 5,071,534 3.93

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 135,899,251 99.73 363,687 0.27

For further information, please contact Osisko Gold Royalties Ltd:

Joseph de la Plante

Vice President, Corporate Development

Tel. (514) 940-0670

[email protected]

2

Approval of the Amended Deferred 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 Deferred Share Unit 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 the amended

Deferred Share Unit Plan

and approve all unallocated

rights and entitlements 97,811,117 75.87 31,102,948 24.13

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 No4

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage

(%)

AGAINST

Advisory Resolution on

Executive Compensation 127,436,186 98.85 1,487,668 1.15

About Osisko Gold Royalties Ltd

Osisko Gold Royalties Ltd is an intermediate precious metal royalty company that 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 Mi ne, which is the largest gold mine in

Canada. Osisko also owns a portfolio of publicly held resource companies, including a 32.7% interest

in Barkerville Gold Mines Ltd., a 16.6% interest in Osisko Mining Inc., an 18.8% interest in Victoria Gold

Corp. and a 19.9% interest in Falco Resources Ltd.

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

Québec, H3B 2S2.