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Osisko Announces the Voting Results from Its Annual Meeting of Shareholders

Shareholder Meetings

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OSISKO ANNOUNCES THE VOTING RESULTS FROM ITS ANNUAL

MEETING OF SHAREHOLDERS

(Montréal, June 7, 2023) Osisko Gold Royalties Ltd (the “ Corporation” or “Osisko”) (OR: TSX & NYSE)

announces that, at the annual meeting of shareholders held on June 7, 2023, each of the 10 nominees

listed in the management information circular filed on May 10 , 2023 (the “ Circular”) with regulatory

authorities were elected as directors of the Corporation.

Election of Directors

Based on the proxies received by the Corporation 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:

RESOLUTION No1

Name of Nominee

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes

WITHHELD

Percentage

(%)

of votes cast

WITHHELD

Honourable John R. Baird 112,820,265 81.74 25,195,479 18.26

Joanne Ferstman 128,445,141 93.07 9,570,603 6.93

Edie Hofmeister 136,956,331 99.23 1,059,413 0.77

W. Murray John 122,444,595 88.72 15,571,149 11.28

Robert Krcmarov 135,563,650 98.22 2,452,094 1.78

Pierre Labbé 134,554,516 97.49 3,461,228 2.51

Norman MacDonald 137,677,103 99.75 338,641 0.25

Candace MacGibbon 134,646,957 97.56 3,368,787 2.44

Sean Roosen 107,565,312 77.94 30,450,432 22.06

Sandeep Singh 137,457,774 99.60 557,970 0.40

Appointment and Remuneration of Auditor

Based on the proxies received by the Corporation 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 its remuneration, with

the following results:

RESOLUTION No2

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes

WITHHELD

Percentage

(%)

of votes cast

WITHHELD

Appointment and Remuneration of

Auditor. 145,556,964 99.71 419,998 0.29

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Approval of the unallocated options under the Stock Option Plan

Based on the proxies received by the Corporation and the votes on a show of hands with respect to the

adoption of an ordinary resolution to approve the unallocated options under the Stock Option Plan, the

results on this matter were as follows:

RESOLUTION No3

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage (%)

of votes cast

AGAINST

Ordinary Resolution to

approve the unallocated

options under the Stock

Option Plan. 130,590,365 94.62

7,425,379 5.38

Approval of the Amendment and Reconfirmation of the Shareholder Rights Plan

Based on the proxies received by the Corporation and the votes on a show of hands with respect to the

adoption of an ordinary resolution to amend and reconfirm the Amended and Restated Shareholder Rights

Plan, the results on this matter were as follows:

RESOLUTION No4

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage (%)

of votes cast

AGAINST

Ordinary Resolution to

amend and reconfirm the

Amended and Restated

Shareholder Rights Plan. 133,440,282 96.68

4,575,460 3.32

Advisory Resolution on Executive Compensation

Based on the proxies received by the Corporation 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 on this matter were as follows:

RESOLUTION No5

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes cast

AGAINST

Percentage

(%)

of votes cast

AGAINST

Advisory Resolution on

Executive Compensation. 131,282,430 95.12 6,733,309 4.88

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About Osisko Gold Royalties Ltd

Osisko Gold Royalties Ltd is an intermediate precious metal royalty company which holds a North American

focused portfolio of over 180 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, one of Canada’s

largest gold mines.

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:

Grant Moenting

Vice President, Capital Markets

Tel: (514) 940-0670 #116

Email: [email protected]

Heather Taylor

Vice President, Sustainability & Communications

Tel: (514) 940-0670 #105

Email: [email protected]