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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

(Montreal, May 9, 2024) Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE)

announces that, at the annual meeting of shareholders held on May 9, 2024, each of the 9 nominees listed

in the management information circular filed on April 8, 2024 (the “Circular”) with regulatory authorities

were elected as directors of the Corporation. T here were 149,592,121 common shares present or

represented at the meeting or 80.47% of the 185,904,342 common shares issued and outstanding on

March 22, 2024, being the record date for the meeting.

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 Nominees

Votes cast

FOR

Percentage

(%) of votes

cast

FOR

Votes

WITHHELD

Percentage

(%)

of votes cast

WITHHELD

Jason Attew 141,533,719 99.91 130,500 0.09

Joanne Ferstman 132,972,924 93.86 8,691,295 6.14

Edie Hofmeister 130,549,020 92.15 11,115,199 7.85

W. Murray John 128,585,347 90.77 13,078,872 9.23

Robert Krcmarov 139,155,250 98.23 2,508,969 1.77

Pierre Labbé 136,436,250 96.31 5,277,969 3.69

Norman MacDonald 138,168,769 97.53 3,495,450 2.47

Candace MacGibbon 136,535,083 96.38 5,129,136 3.62

David Smith 141,529,055 99.90 135,164 0.10

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 148,954,957 99.58 629,150 0.42

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Approval of the unallocated rights and entitlements under the Employee Share Purchase 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 rights and entitlements under the Employee

Share Purchase 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

rights and entitlements

under the Employee Share

Purchase Plan 140,450,900 99.14 1,213,316 0.86

Approval of the unallocated rights and entitlements under the Restricted Share Unit 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 rights and entitlements under the Restricted

Share Unit 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

approve the unallocated

rights and entitlements

under the Restricted Share

Unit Plan 136,585,378 96.41 5,078,832 3.59

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 134,532,328 94.97 7,131,903 5.03

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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 185 royalties, streams and precious metal offtakes, including 19 producing assets.

Osisko’s portfolio is anchored by its cornerstone asset, a 3- 5% net smelter return royalty on the Canadian

Malartic Complex, one of Canada’s largest gold operations.

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

Mobile: (365) 275-1954

Email: [email protected]

Heather Taylor

Vice President, Sustainability & Communications

Tel: (514) 940-0670 #105

Email: [email protected]