Osisko Rejuvenates Its Executive Team
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OSISKO REJUVENATES ITS EXECUTIVE TEAM
(Montréal, February 11, 2020) Osisko Gold Royalties Ltd (TSX & NYSE:OR) (“Osisko”) is pleased to
announce that the board of directors has appointed Mr. Frédéric Ruel as Chief Financial Officer and
Vice President, Finance, Mr. Iain Farmer as Vice President, Corporate Development and Mr. Benoit
Brunet as Vice President, Business Strategy. The appointment of Messrs. Ruel, Farmer and Brunet will
be effective as of February 20, 2020, following the release of the annual consolidated financial
statements.
Mr. Sean Roosen, Chair and CEO stated: “I’m extremely pleased that with today’s announcement, our
executive team is revamped. Under the leadership of our newly appointed President, Osisko is poised
for its next phases of growth. I congratulate Frederic and Iain for taking the next natural, and well
deserved, steps in their Osisko careers. And I welcome Benoit to our team and expect his private equity
skillset to be a true complement as we evolve the North Spirit Discovery Group.”
Mr. Frédéric Ruel has served as Vice President, Corporate Controller of Osisko since 2015 and provides
a seamless transition to the role of Chief Financial Officer and Vice President, Finance. Mr. Ruel has
been involved in the mining industry for over 12 years. He is a seasoned financial professional with
over 20 years of experience in financial reporting and finance. He also held different positions with other
public companies in the mining industry, including Chief Financial Officer of NioGold Mining Corporation,
Vice President, Corporate Controller of Falco Resources Ltd . and Manager of Financial Reporting of
Osisko Mining Corporation and Consolidated Thompson Iron Mines. Frédéric began his career as an
auditor in a premier Canadian accounting firm where he worked for over 7 years. He is a member of
the Ordre des Comptables Professionnels Agréés du Québec and holds a Master in Accounting from
the Université de Sherbrooke.
Mr. Iain Farmer has been involved in the mining industry for 9 years having most recently served as
Director of Evaluations for Osisko where his responsibilities included financial and technical evaluation
of investments as well as origination and execution of transactions. Prior to joining Osisko, Iain worked
in equity research covering the mining sector. Iain holds a Bachelor’s and a Master’s degree in Mining
Engineering from McGill University as well as an MBA from Concordia University’s Goodman School of
Investment Management, he has been a CFA Charterholder since 2016.
Mr. Benoit Brunet joins Osisko from the Québec Private Equity group of the Caisse de dépôt et
placement du Québec (the “Caisse”), one of the largest North American institutional investor where he
helped deploy $700 million in the mining sector across the province of Québec. He was recently
overseeing investments totaling approximately $1.5 billion and known for having structured innovative
financial instruments for some of the largest mining projects in the region. Mr. Brunet has worked closely
with Osisko’s management team for the last several years and has a deep knowledge of Osisko’s
portfolio of assets. Prior to joining the Caisse, Mr. Brunet worked at PricewaterhouseCoppers LLP for
the assurance group in Montréal. Mr. Brunet holds a CPA designation, an undergraduate and graduate
degree in public accounting from the Université du Québec à Montréal.
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
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and precious metal offtakes. Osisko’s portfolio is anchored by five cornerstone assets, including a 5% net smelter
return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada and a 100% interest in the
Cariboo gold project which is expected to be advanced through the North Spirit Discovery Group platform. Osisko
also owns 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.
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 ability of Osisko to realize the full potential of its investments in the Cariboo project through the development thereof
in a timely manner and on terms acceptable to Osisko. 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. Information 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 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 to the
ability of Osisko to continue the development of its projects.
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 or revise any forward‐looking statements, whether as a result of new information, future events
or otherwise, other than as required by law.