Osisko Provides Corporate Update
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OSISKO PROVIDES CORPORATE UPDATE
Montréal, March 23, 2020 – Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE)
hereby provides an update to its shareholders in light of its ongoing monitoring of evolving news related
to COVID-19.
Given the uncertainties with respect to future developments, including the duration, severity and scope
of the outbreak, the actions taken to contain or treat the COVID-19 outbreak, and impacts on mining
operations such as Newmont Corporation’s Éléonore mine which, as per their announcement today, is
now on temporary care and maintenance, Osisko considers that it is prudent to withdraw its 2020
production guidance until further notice. The Company will continue to monitor the situation closely.
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 135
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, which is the largest gold mine in Canada.
Osisko also owns the Cariboo gold project in Canada as well as a portfolio of publicly held resource
companies, including a 15.9% interest in Osisko Mining Inc., 17.9% interest in Osisko Metals
Incorporated and a 19.9% interest in Falco Resources Ltd.
Osisko’s head office is located at 1100 Avenue des Canadiens -de Mo ntréal, Suite 300, Montréal,
Québec, H3B 2S2.
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 consequence of the
COVID-19 outbreak on the business and financial conditions of Osisko , including in connection with its 2020 production
guidance. Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”,
or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to
identify forward ‐looking statements. Informati on 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
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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 t o the ability of exploration activities carried out by Osisko
Mining (including drill results) to accurately predict mineralization; errors in Osisko Mining’s 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 most 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 electronically 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 o r
revise a ny forward ‐looking statements, whether as a result of new information, future events or otherwise, other than as
required by law.