OSISKO WINDFALL 2023 DRILLING UPDATE REGIONAL EXPLORATION TO RESUME

Posted on October 26, 2023November 8, 2023 by lboivin

New Results Include 413 g/t Au Over 8.0 Metres

and 623 g/t Au Over 3.0 Metres

(Toronto, October 26, 2023) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide an update from the ongoing drill program at its 50% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.

The 2023 drilling campaign primarily targeted infill areas. Since the start of the year, over 95,000 metres have been drilled by 8 underground rigs focused on the Lynx segment of the deposit.

Highlights from the 2023 drill program are presented below and include 320 intercepts from 248 drill holes and 1 wedge. These highlights are intercepts with a metal factor (grams*meters) greater than 20. The intercepts are all located within the defined mineral resource estimate (“MRE”) blocks as described in Osisko’s feasibility study on Windfall (see FS Technical Report (as defined herein), a copy of which is available on SEDAR+ under Osisko’s issuer profile), and have targeted upgrading inferred mineral resources to measured or indicated mineral resources or indicated minerals resources to measured mineral resources as applicable.

Osisko Chief Executive Officer John Burzynski commented: “Infill drilling at the Windfall deposit is progressing well and confirming our models. High-grade gold continues to be intercepted in the Lynx areas including Triple Lynx, once again highlighting the world-class nature of the deposit. Of note, we have more than ten intervals in this set of numbers that returned values over one kilogram per tonne of gold. Infill drilling will continue into next year. We and our joint venture partner are very much looking forward to resuming exploration on our greater than 2,300 square kilometer land package around Windfall in the coming months”.

Regional exploration in the Urban Barry area will recommence on near-deposit and regional grassroots targets. Exploration will include ground geophysics and diamond drilling of various targets.

Maps showing Windfall hole locations are available at www.osiskomining.com. Maps: Top_Intersect_2023, PR_Longsections_ 20231026_EN.

2023 Drilling

Hole No.	From (m)	To (m)	Interval (m)	Au (g/t) uncut	Au (g/t) cut to 100 g/t	Zone
OSK-W-23-2671	112.8	115.0	2.2	210	33	LXM
including	113.2	113.9	0.7	658	100	LXM
WST-22-1082	425.3	427.6	2.3	57.9	56.1	LX4
including	425.7	426.0	0.3	104	100
including	426.0	426.6	0.6	105	100
WST-22-1154	113.5	115.8	2.3	35.2	31.3	TLX
WST-22-1171	76.0	78.0	2.0	35.0	30.1	LXM
	81.4	84.0	2.6	39.3	21.4
including	81.4	81.7	0.3	255	100
	128.0	130.0	2.0	15.4
WST-22-1182A	526.8	528.8	2.0	99.3	54.9	TLX
including	527.6	528.4	0.8	211	100
	553.0	556.0	3.0	15.4
WST-22-1182A-W1	553.8	562.2	8.4	29.6	29.2	TLX
including	557.4	558.1	0.7	105	100
and	558.6	559.3	0.7	92.5
WST-22-1218	101.0	104.4	3.4	74.0	48	TLX
including	102.0	102.5	0.5	274	100
	235.3	238.0	2.7	223	15
including	235.8	236.1	0.3	1970	100
WST-22-1219	230.0	233.0	3.0	15.9		TLX
WST-22-1237	119.5	121.7	2.2	376	41.4	LXM
including	119.5	120.4	0.9	919	100	LXM
WST-22-1240	144.5	146.6	2.1	24.1		LXM
WST-22-1241	139.5	141.5	2.0	27.9		TLX
WST-22-1246	154.0	156.4	2.4	12.5		LXM
WST-22-1249A	296.1	298.1	2.0	204	22.3	TLX
including	296.6	297.0	0.4	1010	100	TLX
WST-22-1250	91.0	93.1	2.1	11.3		TLX
WST-22-1252	95.8	99.3	3.5	192	75	TLX
including	95.8	96.4	0.6	525	100	TLX
WST-22-1253	96.0	99.0	3.0	90.8	50.8	TLX
including	96.7	97.1	0.4	216	100
and	97.6	98.4	0.8	192	100
	216.5	218.5	2.0	12.0
WST-22-1254	95.3	98.3	3.0	154	50.5	TLX
including	97.0	98.0	1.0	410	100
	216.1	218.3	2.2	20.6		TLX
WST-22-1255	98.0	100.4	2.4	9.49		TLX
WST-22-1256	479.5	483.4	3.9	24.0	16.5	TLX
including	482.4	482.7	0.3	197	100	TLX
WST-22-1261	112.4	114.6	2.2	39.8	14.2	LXM
	178.9	181.0	2.1	19.6		LXM
WST-22-1262	138.9	141.1	2.2	22.7		TLX
WST-22-1264	126.1	128.5	2.4	23.8		TLX
WST-22-1265	135.5	137.9	2.4	13.2		TLX
WST-22-1266	133.3	136.5	3.2	135	57.2	TLX
including	133.3	134.5	1.2	308	100	TLX
WST-22-1270A	305.8	308.0	2.2	12.3		TLX
WST-22-1273	356.9	358.9	2.0	21.7		TLX
	487.8	490.2	2.4	16.0
	511.0	513.4	2.4	16.5
WST-22-1275	168.6	174.6	6.0	9.38		LXM
WST-22-1276	117.4	119.4	2.0	12.6		LXM
WST-22-1279	80.0	82.0	2.0	57.8	25.3	LXM
including	80.5	81.0	0.5	230	100
	125.9	128.7	2.8	9.82
WST-22-1280	84.2	86.5	2.3	14.5		LXM
WST-22-1285	116.1	120.0	3.9	25.0		TLX
WST-22-1286	101.7	105.5	3.8	101	37.9	TLX
including	102.5	103.0	0.5	577	100
	163.5	166.9	3.4	34.8
including	165.6	166.0	0.4	75.5
WST-22-1287	132.0	134.0	2.0	171	56.2	LXM
including	132.6	133.2	0.6	483	100	LXM
WST-22-1288	214.0	216.0	2.0	77.8	41.3	TLX
including	214.9	215.4	0.5	241	100
	215.7	216.0	0.3	108
WST-22-1290	103.0	105.1	2.1	10.7		LXM
WST-22-1292	199.1	201.3	2.2	18.2		TLX
WST-22-1293	100.3	102.3	2.0	127	35.9	TLX
including	101.0	101.6	0.6	405	100	TLX
WST-22-1294	59.0	61.1	2.1	20.5		LXM
WST-22-1296	65.0	71.6	6.6	12.4		LXM
WST-22-1297	84.0	86.4	2.4	112	51.3	LXM
including	84.0	84.4	0.4	462	100	LXM
WST-22-1298A	75.0	78.3	3.3	304	41.6	LXM
including	75.6	76.3	0.7	1335	100
WST-23-1304	46.5	49.4	2.9	10.9		LXM
	115.0	117.3	2.3	19.0		LXM
WST-22-1305	103.0	105.4	2.4	17.8		TLX
WST-22-1306	114.9	123.0	8.1	24.8		TLX
including	115.3	116.0	0.7	76.1
and	120.9	121.5	0.6	69.4
WST-22-1307	119.0	121.0	2.0	30.7		TLX
	114.0	116.4	2.4	12.2		LXM
WST-22-1308	57.0	59.0	2.0	13.6		LXM
WST-23-1309	60.9	63.0	2.1	18.1		LXM
	143.0	145.0	2.0	16.0		LXM
WST-23-1310	65.7	69.0	3.3	78.2	60.9	LXM
including	68.0	69.0	1.0	157	100	LXM
WST-23-1316	114.7	117.0	2.3	18.6		LXM
WST-23-1317	70.6	72.6	2.0	305	40.7	LXM
including	71.0	71.5	0.5	1135	100
	72.6	74.7	2.1	16.9
WST-23-1319	72.2	74.8	2.6	16.1		LXM
WST-23-1320	75.2	78.5	3.3	11.1		LXM
WST-23-1322	71.4	74.3	2.9	138	43.9	TLX
including	72.0	73.0	1.0	372	100
	127.8	131.0	3.2	49.6	27.4
including	128.9	129.5	0.6	218	100
	126.5	133.0	6.5	25.7	14.8
including	128.9	129.5	0.6	218	100
	156.6	158.9	2.3	13.7
WST-23-1323	113.4	116.0	2.6	56.9	40.8	TLX
including	114.2	114.7	0.5	153	100
and	115.2	115.5	0.3	152	100
WST-23-1326	63.7	66.0	2.3	89.4	31.6	LXM
including	64.7	65.4	0.7	290	100	LXM
WST-23-1329	113.0	117.5	4.5	25.6		TLX
including	114.0	114.3	0.3	53.0
and	116.6	117.2	0.6	53.8
	120.9	125.0	4.1	17.8
	145.6	146.0	2.1	10.8
WST-23-1332	99.0	102.6	3.6	39.1	36.8	LXM
including	101.0	101.4	0.4	121	100
WST-23-1343	127.1	129.5	2.4	129	29.6	LXM
including	127.1	127.8	0.7	442	100
	62.0	64.0	2.0	20.0		LXM
WST-23-1345	56.1	59.0	2.9	16.7		LXM
WST-23-1347	119.5	121.8	2.3	25.8		LXM
WST-23-1348	65.0	67.3	2.3	11.4		LXM
	102.3	104.9	2.6	9.66		LXM
WST-23-1350	114.0	116.0	2.0	23.0		LXM
WST-23-1353	91.6	93.9	2.3	37.1	32.3	LXM
WST-23-1354	93.3	95.8	2.5	11.1		LXM
WST-23-1357	89.6	91.6	2.0	14.3		TLX
WST-23-1358	92.6	94.8	2.2	12.8		TLX
WST-23-1360	46.1	50.3	4.2	18.0		LXM
WST-23-1364	46.9	49.0	2.1	12.0		LXM
WST-23-1365	56.0	60.6	4.6	4.61		LXM
WST-23-1366	57.6	61.7	4.1	7.90		LXM
WST-23-1371	87.6	89.7	2.1	9.58		TLX
WST-23-1373	184.5	186.6	2.1	69.7	47.2	TLX
including	185.4	186.2	0.8	159	100	TLX
	161.5	163.5	2.0	28.0		TLX
WST-23-1374	77.2	80.0	2.8	19.9		LXM
	81.5	83.6	2.1	43.7	14.5	LXM
WST-23-1375	102.0	104.0	2.0	10.4		LXM
WST-23-1381	86.0	88.0	2.0	12.8		LXM
WST-23-1384	54.5	56.7	2.2	228	31.8	LXM
including	56.0	56.7	0.7	717	100	LXM
WST-23-1387	59.0	61.0	2.0	34.7		LXM
WST-23-1388	84.5	86.6	2.1	29.4		LXM
WST-23-1389	84.5	87.0	2.5	10.2		TLX
WST-23-1390	84.7	87.0	2.3	13.6		TLX
WST-23-1391A	89.0	91.0	2.0	23.5	22.1	TLX
WST-23-1395	125.2	127.5	2.3	177	71.6	TLX
including	126.2	126.8	0.6	460	100
	134.8	137.0	2.2	54.9	23.5
including	135.3	135.7	0.4	273	100
	146.0	150.9	4.9	4.91
WST-23-1396	182.8	184.9	2.1	20.3		TLX
WST-23-1398	95.3	98.7	3.4	35.1	28.9	LXM
including	95.3	96.2	0.9	124	100
WST-23-1406	73.5	75.6	2.1	27.0		LXM
WST-23-1410	95.0	97.2	2.2	10.9		TLX
WST-23-1414	121.0	123.0	2.0	17.4		LXM
WST-23-1416	83.0	85.2	2.2	9.88		LXM
WST-23-1419	89.9	92.0	2.1	110	39.8	LXM
including	90.3	90.6	0.3	499	100	LXM
WST-23-1422	137.3	141.3	4.0	68.0	49.1	TLX
including	138.8	139.6	0.8	195	100	TLX
WST-23-1424	135.5	137.7	2.2	29.3		TLX
	130.0	132.7	2.7	14.5		TLX
WST-23-1425	132.2	135.2	3.0	283	61.3	TLX
including	134.6	135.2	0.6	1165	100
	107.0	109.8	2.8	10.0
WST-23-1426	121.0	123.6	2.6	24.3		TLX
	175.0	177.0	2.0	12.2		TLX
WST-23-1427	61.0	63.0	2.0	25.4		LXM
WST-23-1429	63.3	65.5	2.2	24.2		LXM
	47.0	49.0	2.0	10.7		LXM
WST-23-1430	69.0	71.5	2.5	13.6		LXM
WST-23-1432	88.0	90.5	2.5	9.85		TLX
WST-23-1441	203.3	205.8	2.5	22.5		TLX
WST-23-1442	338.5	340.6	2.1	17.4		TLX
WST-23-1443	166.0	168.3	2.3	71.9	25.4	LHW
including	166.0	166.5	0.5	314	100	LHW
	60.0	62.0	2.0	25.2		LXM
	68.0	70.0	2.0	13.9		LXM
WST-23-1444	61.2	63.3	2.1	57.3	40.7	LXM
including	61.7	62.3	0.6	158	100	LXM
WST-23-1445	61.9	64.0	2.1	44.7	28.9	LXM
	64.0	66.4	2.4	26.8		LXM
WST-23-1448	100.0	102.2	2.2	18.3		TLX
WST-23-1450	93.0	95.0	2.0	38.4	25.2	TLX
WST-23-1451	92.7	94.7	2.0	46.1	26.5	TLX
WST-23-1453	68.5	73.1	4.6	48.4	28.7	LXM
including	72.4	73.1	0.7	229	100	LXM
	75.2	85.0	9.8	18.7	17.8	LXM
including	76.6	77.1	0.5	119	100
and	81.4	82.8	1.4	47.2
WST-23-1455	92.3	94.9	2.6	46.2	40.8	LXM
including	92.3	93.3	1.0	114	100	LXM
WST-23-1456	39.5	41.5	2.0	59.5	30.0	LXM
including	40.0	40.6	0.6	198	100
	64.5	68.9	4.4	18.2		LXM
WST-23-1457	39.0	41.2	2.2	27.2		LXM
WST-23-1458	39.6	41.6	2.0	52.6	30.4	LXM
including	39.6	40.2	0.6	174	100
WST-23-1465	121.0	123.0	2.0	10.3		TLX
WST-23-1466	103.8	106.0	2.2	15.4		TLX
	92.5	95.4	2.9	16.7		TLX
WST-23-1467	91.7	94.0	2.3	24.3		TLX
WST-23-1468	91.5	93.7	2.2	9.59		TLX
WST-23-1470	85.4	87.5	2.1	17.5		LXM
WST-23-1471	67.0	69.0	2.0	11.9		LXM
WST-23-1472	71.9	74.1	2.2	9.51		LXM
WST-23-1473	72.5	74.6	2.1	26.9		LXM
WST-23-1474	74.4	77.0	2.6	109	37.5	LXM
including	74.4	75.2	0.8	332	100	LXM
WST-23-1475	175.4	180.0	4.6	45.6	25.8	LXM
including	176.0	176.7	0.7	230	100	LXM
WST-23-1476	177.2	180.0	2.8	18.2		LXM
WST-23-1478	102.0	104.1	2.1	30.7	29.8	TLX
WST-23-1480	100.0	102.0	2.0	20.5		TLX
WST-23-1482	171.0	173.0	2.0	51.4	40.8	LXM
including	172.2	173.0	0.8	127	100	LXM
WST-23-1484	89.6	92.0	2.4	15.3		TLX
WST-23-1485	89.9	92.0	2.1	31.0		TLX
	110.0	112.2	2.2	12.8		TLX
WST-23-1486	88.8	91.0	2.2	38.1		TLX
	156.0	158.0	2.0	24.5		TLX
WST-23-1487	152.9	155.0	2.1	118	58.2	LXM
including	152.9	153.3	0.4	354	100
WST-23-1490	150.0	152.0	2.0	10.2		LXM
WST-23-1491	59.3	61.5	2.2	80.4	23.2	LXM
including	59.3	59.6	0.3	520	100	LXM
WST-23-1492	56.3	59.7	3.4	35.2	32.3	LXM
including	56.3	56.9	0.6	117	100	LXM
WST-23-1494	46.0	48.1	2.1	22.8		LXM
WST-23-1495	131.8	134.1	2.3	14.1	13.1	LXM
WST-23-1496	134.2	137.1	2.9	66.1	17.5	LXM
including	134.6	135.1	0.5	382	100
	49.4	51.7	2.3	17.3
WST-23-1497	47.7	50.6	2.9	39.8	39.3	LXM
including	48.1	48.5	0.4	104	100	LXM
WST-23-1500	115.2	117.4	2.2	14.1		LXM
WST-23-1501	107.5	109.6	2.1	12.9		LXM
WST-23-1503	140.0	142.0	2.0	14.2		TLX
WST-23-1514	59.9	62.0	2.1	44.4	19.2	LXM
WST-23-1515	64.0	66.1	2.1	17.4		LXM
WST-23-1516	65.5	68.6	3.1	110	56.0	LXM
including	67.9	68.6	0.7	229	100
	133.0	135.0	2.0	14.8
WST-23-1519	135.0	137.0	2.0	24.4		TLX
WST-23-1520	121.0	123.8	2.8	85.2	75.3	TLX
WST-23-1522	122.0	124.0	2.0	10.2		TLX
WST-23-1523	120.5	124.0	3.5	444	59.0	TLX
including	121.4	121.7	0.3	3910	100	TLX
WST-23-1524	119.1	121.6	2.5	121	50.4	TLX
including	120.7	121.6	0.9	296	100	TLX
WST-23-1525	148.3	150.4	2.1	19.6		TLX
	123.0	125.1	2.1	17.7
	159.0	161.2	2.2	9.22
	127.0	129.0	2.0	16.0
WST-23-1530	89.0	91.1	2.1	15.1		LXM
	75.2	77.4	2.2	11.5		LXM
WST-23-1532	77.0	79.5	2.5	22.7		LXM
	85.4	88.5	3.1	67.9	38.5
including	86.5	86.8	0.3	404	100
	91.0	93.1	2.1	66.0	49.3
including	91.3	92.2	0.9	139	100
WST-23-1533	72.0	74.3	2.3	15.7		LXM
WST-23-1534	40.0	42.0	2.0	19.9		LXM
WST-23-1535	64.8	68.0	3.2	23.9		LXM
WST-23-1538	124.6	126.5	1.9	32.2	30.9	LXM
WST-23-1541	104.0	106.0	2.0	23.5	20.3	LXM
WST-23-1542	55.5	57.5	2.0	43.7	30.5	LXM
WST-23-1543	59.5	64.8	5.3	27.8	25.9	LXM
including	59.5	60.4	0.9	89.3	78.4
and	63.4	63.9	0.5	80.3
WST-23-1549	135.0	137.6	2.6	31.8		LXM
WST-23-1550	132.0	134.5	2.5	18.4		LXM
WST-23-1555	111.2	113.3	2.1	35.0	34.9	TLX
WST-23-1557	83.8	86.1	2.3	78.0	24.5	LXM
including	84.1	84.6	0.5	346	100	LXM
WST-23-1560	94.0	96.0	2.0	11.5		LXM
WST-23-1575	44.1	46.5	2.4	8.38		LXM
WST-23-1577	63.3	66.3	3.0	64.9	36.9	LXM
including	64.0	64.6	0.6	240	100	LXM
WST-23-1578	41.8	44.2	2.4	18.1		LXM
WST-23-1579	47.3	50.8	3.5	26.9	26.2	LXM
WST-23-1580	48.2	52.2	4.0	36.1		LXM
including	51.6	52.2	0.6	97.3
WST-23-1581	50.5	52.7	2.2	224	58.5	LXM
including	51.7	52.1	0.4	501	100
	136.4	139.6	3.2	24.7		LXM
WST-23-1583	41.9	44.0	2.1	16.6		LXM
WST-23-1585	102.9	105.4	2.5	39.4		LXM
WST-23-1591	60.0	62.0	2.0	19.4		LXM
WST-23-1592	59.6	62.0	2.4	31.4	29.4	LXM
WST-23-1593	42.0	44.0	2.0	10.9		LXM
WST-23-1596	58.0	60.0	2.0	117	25.1	LXM
including	58.0	58.5	0.5	466	100	LXM
WST-23-1602	129.0	131.1	2.1	71.5	52.0	TLX
including	129.8	130.5	0.7	159	100	TLX
WST-23-1603	123.3	126.1	2.8	322	59.1	TLX
including	123.9	124.8	0.9	918	100	TLX
WST-23-1604	122.2	125.0	2.8	21.3	15.4	TLX
WST-23-1605	123.0	125.7	2.7	692	57.8	TLX
including	124.2	125.0	0.8	2240	100	TLX
WST-23-1606	121.7	124.6	2.9	183	42.6	TLX
including	122.0	122.5	0.5	916	100	TLX
WST-23-1607	119.3	122.4	3.1	171	34.1	TLX
including	121.6	122.1	0.5	947	100	TLX
	157.0	159.0	2.0	11.9		TLX
WST-23-1608	104.9	107.5	2.6	43.0	12.0	LXM
including	106.2	106.5	0.3	369	100	LXM
WST-23-1614	98.0	100.2	2.2	20.0		TLX
WST-23-1615	84.0	87.2	3.2	33.9	32.7	TLX
including	85.2	85.6	0.4	68.0
and	85.9	86.2	0.3	113	100
and	86.6	86.9	0.3	83.0
WST-23-1616	83.0	85.3	2.3	85.3	50.9	TLX
including	84.4	85.0	0.6	232	100	TLX
WST-23-1618	72.0	74.0	2.0	16.7		LXM
WST-23-1619	89.4	92.0	2.6	28.4		TLX
WST-23-1620	89.5	91.6	2.1	23.4		TLX
WST-23-1631	86.6	88.6	2.0	21.5		TLX
WST-23-1640	95.0	97.1	2.1	18.0		LXM
	123.0	125.0	2.0	68.5	25.0
including	123.8	124.3	0.5	274	100
WST-23-1642	100.5	102.8	2.3	71.3	45.7	LXM
including	100.9	101.9	1.0	159	100	LXM
WST-23-1650	54.8	57.4	2.6	63.3		LXM
WST-23-1652	27.0	29.1	2.1	41.6		LXM
	68.4	75.4	7.0	124	37.1	LXM
including	74.0	75.0	1.0	711	100	LXM
WST-23-1661	129.1	132.0	2.9	9.21		LXM
WST-23-1662	115.3	117.6	2.3	18.4		LXM
WST-23-1664	118.8	121.0	2.2	30.6	18.3	LXM
WST-23-1665	124.3	126.3	2.0	16.1		LXM
	143.2	145.2	2.0	12.2		LXM
WST-23-1673	56.0	58.8	2.8	77.1	18.0	LXM
including	58.4	58.8	0.4	514	100	LXM
WST-23-1674	60.0	62.0	2.0	108	37.4	LXM
including	60.5	61.2	0.7	302	100	LXM
WST-23-1675	60.8	63.0	2.2	91.0	39.4	LXM
including	61.3	62.1	0.8	242	100	LXM
WST-23-1676	62.6	64.6	2.0	48.5	30.3	LXM
WST-23-1677	45.3	48.0	2.7	62.3	57.4	LXM
including	47.5	48.0	0.5	127	100
	64.0	66.0	2.0	12.8
WST-23-1678	120.6	123.0	2.4	270	79.0	TLX
including	121.0	121.3	0.3	1435	100	TLX
WST-23-1679	122.8	124.9	2.1	97.7	53.5	TLX
including	123.2	124.0	0.8	216	100	TLX
WST-23-1680	127.6	129.6	2.0	32.5		TLX
WST-23-1681	133.0	135.0	2.0	50.9	16.4	TLX
including	134.2	134.5	0.3	330	100	TLX
	258.7	261.1	2.4	13.3		TLX
WST-23-1683	129.2	137.0	7.8	13.0		LXM
including	129.2	129.6	0.4	62.0
and	136.0	137.0	1.0	52.2
WST-23-1687	107.9	110.3	2.4	10.4		TLX
WST-23-1688	113.2	115.3	2.1	20.2		TLX
WST-23-1690	124.0	126.0	2.0	10.4		TLX
WST-23-1692	373.5	375.5	2.0	10.0		LX4
WST-23-1693	374.2	376.5	2.3	23.7		TLX
WST-23-1695	115.0	117.0	2.0	41.7	35.0	LXM
WST-23-1700	109.3	111.4	2.1	31.9		LXM
WST-23-1701	141.7	143.9	2.2	18.4		LHW
WST-23-1704	77.9	79.9	2.0	21.5		LXM
	44.1	46.1	2.0	13.7		LXM
WST-23-1705	82.7	91.2	8.5	55.3	13.4	LXM
including	82.7	83.3	0.6	694	100
	96.7	98.7	2.0	33.0	20.1
WST-23-1706	74.6	77.0	2.4	498	84.6	LXM
including	74.6	75.4	0.8	1045	100	LXM
WST-23-1707*	83.0	91.0	8.0	413		LXM
including	84.4	85.4	1.0	1580	100
and	87.6	88.0	0.4	962	100
WST-23-1714	105.1	109.6	4.5	65.0	58.7	TLX
including	105.5	106.4	0.9	132	100	TLX
WST-23-1715	93.4	95.4	2.0	171	81.9	TLX
including	95.0	95.4	0.4	543	100	TLX
WST-23-1719	121.5	123.5	2.0	77.3	42.3	TLX
including	121.8	122.6	0.8	188	100	TLX
	97.0	99.0	2.0	11.0		TLX
WST-23-1720	78.6	80.7	2.1	44.9	33.6	TLX
	124.3	126.3	2.0	232	45.3
including	124.6	125.3	0.7	632	100
WST-23-1721	132.1	135.0	2.9	54.0	40.8	TLX
including	133.3	134.2	0.9	143	100	TLX
WST-23-1723A	104.0	106.1	2.1	17.3		LXM
	118.0	120.2	2.2	11.6		LXM
WST-23-1736	100.3	103.0	2.7	16.5		TLX
	320.4	322.5	2.1	39.4		LX4
WST-23-1737	143.5	145.7	2.2	13.8		TLX
WST-23-1741	65.0	67.0	2.0	12.7		LXM
WST-23-1742	62.0	64.2	2.2	37.3		LXM
WST-23-1743	59.8	62.0	2.2	160	72.9	LXM
including	59.8	60.4	0.6	420	100	LXM
	134.5	139.0	4.5	12.4		LXM
	51.7	54.4	2.7	12.5
	129.0	131.0	2.0	14.7
WST-23-1745	57.0	59.4	2.4	50.7
WST-23-1746	185.9	188.0	2.1	22.0		TLX
	363.8	366.0	2.2	25.8	19.1	TLX
	369.9	372.1	2.2	282	15.1
including	370.3	370.6	0.3	2060	100
WST-23-1748	108.8	111.8	3.0	35.3		LXM
including	110.5	111.0	0.5	72.7
and	111.4	111.8	0.4	92.8
WST-23-1753	127.7	130.1	2.4	12.2		TLX
WST-23-1756	126.0	128.0	2.0	17.5		LXM
	131.4	133.6	2.2	46.5	27.1	LXM
including	133.1	133.6	0.5	186	100
WST-23-1760	56.6	58.6	2.0	120	50.1	LXM
including	56.6	57.6	1.0	240	100
	192.0	194.0	2.0	266	54.8
including	192.6	192.9	0.3	1050	100
WST-23-1768	115.9	120.0	4.1	10.2		TLX
WST-23-1769	101.8	105.3	3.5	36.7		TLX
including	104.5	105.3	0.8	84.9		TLX
WST-23-1775	131.0	133.0	2.0	16.9		LXM
	137.1	139.5	2.4	100	38.3
including	139.2	139.5	0.3	593	100
	144.6	147.0	2.4	24.4
WST-23-1781	136.1	138.2	2.1	38.9	24.3	TLX
WST-23-1782	129.0	131.2	2.2	48.4	31.9	TLX
including	130.0	130.6	0.6	161	100	TLX
WST-23-1783	124.0	126.3	2.3	50.3	45.1	TLX
including	125.1	125.7	0.6	120	100	TLX
WST-23-1786	99.8	103.0	3.2	37.0	33.5	TLX
including	101.8	102.6	0.8	107	92.5	TLX
WST-23-1788	95.8	100.6	4.8	39.3	30.4	TLX
including	95.8	96.7	0.9	148	100	TLX
	111.4	115.5	4.1	8.68		TLX
WST-23-1789	131.7	134.0	2.3	36.1	16.5	LXM
WST-23-1793	150.0	152.0	2.0	10.3		LXM
WST-23-1794	149.7	151.7	2.0	32.2		LXM
WST-23-1796	117.8	120.0	2.2	12.2		TLX
WST-23-1810	131.5	133.6	2.1	167	43.2	LXM
including	132.3	133.2	0.9	388	100
	148.6	150.6	2.0	11.4
WST-23-1812	124.8	126.8	2.0	15.6		LXM
WST-23-1829	116.0	118.0	2.0	11.7		LXM

Notes: True widths are estimated at 55 – 80% of the reported core length interval. See “Quality Control and Reporting Protocols” below. LXM = Lynx Main, LHW = Lynx Hanging Wall, and TLX = Triple Lynx. *0.5 meters of core not recovered in this interval.

Drill hole location

Hole Number	Azimuth (°)	Dip (°)	Length (m)	UTM E	UTM N	Elevation	Section
OSK-W-23-2671	337	-66	126	453338	5435040	398	3525E
WST-22-1082	166	-23	516.6	453444	5435276	-99	3725E
WST-22-1154	163	2	123.6	453342	5435282	-187	3650E
WST-22-1171	139	-13	242.7	453180	5435128	174	3425E
WST-22-1182A	112	-76	761.1	453647	5435347	-189	3950E
WST-22-1182A-W1	112	-76	810.6	453647	5435347	-189	3950E
WST-22-1218	162	-49	279.3	453542	5435311	-173	3825E
WST-22-1219	163	-42	243.5	453542	5435311	-173	3825E
WST-22-1237	143	-9	183.4	453701	5435376	-197	4000E
WST-22-1240	141	9	177.5	453701	5435376	-196	4000E
WST-22-1241	152	12	153.5	453343	5435283	-186	3650E
WST-22-1246	159	7	183.5	453600	5435324	-179	3900E
WST-22-1249A	186	-3	384.6	453442	5435275	-98	3725E
WST-22-1250	182	0	381.7	453442	5435275	-98	3725E
WST-22-1252	169	-41	252.4	453542	5435311	-173	3825E
WST-22-1253	165	-38	252.3	453542	5435311	-172	3825E
WST-22-1254	169	-36	252.5	453541	5435311	-172	3825E
WST-22-1255	162	-32	240.5	453542	5435311	-172	3825E
WST-22-1256	165	-70	585.5	453757	5435406	-208	4075E
WST-22-1261	163	2	204.6	453258	5435210	97	3525E
WST-22-1262	147	9	165.5	453344	5435283	-186	3650E
WST-22-1264	147	1	171.5	453344	5435283	-187	3650E
WST-22-1265	143	4	168.5	453344	5435283	-187	3650E
WST-22-1266	140	1	168.4	453344	5435283	-187	3650E
WST-22-1270A	162	-18	417.5	453278	5435248	-145	3575E
WST-22-1273	138	-68	559.1	453758	5435406	-208	4075E
WST-22-1275	161	-10	192.3	453258	5435210	97	3525E
WST-22-1276	161	-11	192.4	453258	5435210	97	3525E
WST-22-1279	141	-9	198.7	453180	5435128	174	3425E
WST-22-1280	137	-3	99.5	453180	5435128	174	3425E
WST-22-1285	145	-7	195.6	453344	5435283	-187	3650E
WST-22-1286	152	-55	183.6	453646	5435347	-188	3950E
WST-22-1287	134	-52	253.1	453758	5435406	-207	4075E
WST-22-1288	158	-42	255	453543	5435312	-173	3825E
WST-22-1290	148	42	264.1	453646	5435347	-184	3950E
WST-22-1292	170	2	360.5	453279	5435248	-144	3575E
WST-22-1293	172	-47	390.5	453543	5435311	-173	3825E
WST-22-1294	173	-22	159.5	453756	5435405	-207	4075E
WST-22-1296	136	-18	196	453758	5435406	-207	4075E
WST-22-1297	136	-17	150.6	453180	5435128	174	3425E
WST-22-1298A	141	-18	156.5	453179	5435127	174	3425E
WST-22-1305	151	-8	174.6	453344	5435283	-187	3650E
WST-22-1306	149	-4	174.1	453343	5435283	-187	3650E
WST-22-1307	152	-1	177.5	453343	5435282	-187	3650E
WST-22-1308	151	-2	168.3	453601	5435324	-179	3900E
WST-23-1304	149	-19	174.6	453700	5435376	-197	4000E
WST-23-1309	157	5	174.6	453600	5435324	-179	3900E
WST-23-1310	152	10	177.3	453600	5435324	-179	3900E
WST-23-1316	159	-2	204.5	453259	5435210	97	3525E
WST-23-1317	152	-18	93.6	453179	5435127	174	3425E
WST-23-1319	160	-7	126.5	453179	5435127	174	3425E
WST-23-1320	164	0	129.5	453179	5435127	174	3425E
WST-23-1322	217	-43	165.5	453540	5435311	-173	3825E
WST-23-1323	209	-37	177.5	453541	5435311	-173	3825E
WST-23-1326	152	21	219.7	453646	5435347	-186	3950E
WST-23-1329	143	-7	180.3	453344	5435283	-187	3650E
WST-23-1332	119	-10	120.2	453180	5435128	174	3425E
WST-23-1343	156	6	162.5	453646	5435346	-187	3950E
WST-23-1345	148	-21	150.5	453646	5435347	-187	3950E
WST-23-1347	159	8	144.4	453258	5435210	97	3525E
WST-23-1348	156	-30	120.6	453757	5435406	-207	4075E
WST-23-1350	173	-6	135.5	453258	5435210	97	3525E
WST-23-1353	183	13	111.5	453442	5435275	-98	3725E
WST-23-1354	180	19	114.7	453443	5435276	-97	3725E
WST-23-1357	150	-20	102.6	453542	5435311	-172	3825E
WST-23-1358	145	-24	114.7	453542	5435311	-172	3825E
WST-23-1360	154	-17	150.6	453701	5435376	-197	4000E
WST-23-1364	156	-2	156.6	453700	5435375	-197	4000E
WST-23-1365	153	1	159.6	453700	5435375	-197	4000E
WST-23-1366	155	5	165.6	453701	5435376	-196	4000E
WST-23-1371	153	-14	114.6	453279	5435248	-145	3575E
WST-23-1373	138	-59	249.6	453646	5435347	-188	3950E
WST-23-1374	147	-8	141.5	453179	5435127	174	3425E
WST-23-1375	172	-2	126.5	453179	5435127	174	3425E
WST-23-1381	164	21	102.4	453443	5435276	-97	3725E
WST-23-1384	170	-14	84.5	453645	5435346	-187	3950E
WST-23-1387	180	-5	81.5	453645	5435346	-187	3950E
WST-23-1388	136	-7	96.5	453543	5435311	-172	3825E
WST-23-1389	154	-13	201.5	453543	5435311	-172	3825E
WST-23-1390	150	-15	201.5	453543	5435311	-172	3825E
WST-23-1391A	153	-16	204.4	453542	5435311	-172	3825E
WST-23-1395	183	-9	159.5	453442	5435339	-204	3750E
WST-23-1396	149	-53	231.6	453757	5435406	-207	4075E
WST-23-1398	185	20	123.5	453442	5435275	-97	3725E
WST-23-1406	168	-26	102.6	453179	5435127	174	3425E
WST-23-1410	143	-10	111.3	453279	5435248	-145	3575E
WST-23-1414	161	-18	201.6	453259	5435210	97	3525E
WST-23-1416	173	24	117.3	453442	5435276	-97	3725E
WST-23-1419	123	4	108.4	453446	5435277	-98	3725E
WST-23-1422	179	-8	210.4	453443	5435339	-204	3750E
WST-23-1424	176	-7	210.3	453443	5435339	-204	3750E
WST-23-1425	172	-3	210.2	453443	5435339	-204	3750E
WST-23-1426	168	-12	201.4	453443	5435339	-205	3750E
WST-23-1427	164	6	84.6	453645	5435346	-187	3950E
WST-23-1429	153	15	126.4	453646	5435346	-186	3950E
WST-23-1430	152	29	129.4	453646	5435347	-186	3950E
WST-23-1432	165	1	102.5	453278	5435248	-144	3575E
WST-23-1441	112	-50	219.9	453759	5435409	-207	4075E
WST-23-1442	103	-53	480.3	453759	5435409	-207	4075E
WST-23-1443	162	3	186.6	453600	5435324	-179	3900E
WST-23-1444	145	5	168.5	453601	5435324	-179	3900E
WST-23-1445	129	-3	87.4	453602	5435325	-180	3900E
WST-23-1448	175	-17	114.5	453541	5435311	-172	3825E
WST-23-1450	181	-20	114.6	453541	5435311	-172	3825E
WST-23-1451	183	-29	111.7	453540	5435311	-172	3825E
WST-23-1453	140	29	120.4	453646	5435347	-185	3950E
WST-23-1455	140	14	105.6	453646	5435347	-186	3950E
WST-23-1456	129	12	111.6	453646	5435347	-186	3950E
WST-23-1457	129	24	117.6	453646	5435347	-186	3950E
WST-23-1458	130	29	123.2	453646	5435347	-185	3950E
WST-23-1465	180	26	150.4	453278	5435248	-143	3575E
WST-23-1466	183	22	141.4	453278	5435248	-143	3575E
WST-23-1467	182	17	144.6	453278	5435248	-144	3575E
WST-23-1468	180	12	114.2	453278	5435248	-144	3575E
WST-23-1470	172	19	114.5	453443	5435276	-97	3725E
WST-23-1471	126	3	174.4	453602	5435325	-179	3900E
WST-23-1472	129	11	90.4	453602	5435325	-179	3900E
WST-23-1473	130	18	93.4	453601	5435325	-179	3900E
WST-23-1474	135	24	90.4	453601	5435324	-178	3900E
WST-23-1475	107	-22	232.2	453760	5435409	-207	4075E
WST-23-1476	105	-27	232.1	453760	5435409	-207	4075E
WST-23-1478	180	-14	117.6	453541	5435311	-172	3825E
WST-23-1480	195	-9	120.6	453540	5435311	-172	3825E
WST-23-1482	193	-19	204.6	453541	5435311	-172	3825E
WST-23-1484	176	-7	138.2	453278	5435248	-145	3575E
WST-23-1485	173	-20	171.1	453278	5435248	-145	3575E
WST-23-1486	176	-14	177.2	453278	5435248	-145	3575E
WST-23-1487	115	-9	222.3	453506	5435326	-89	3800E
WST-23-1490	123	-3	162.4	453506	5435326	-88	3800E
WST-23-1491	160	8	165.6	453701	5435376	-196	4000E
WST-23-1492	160	4	159.5	453701	5435376	-196	4000E
WST-23-1494	160	-10	159.5	453700	5435375	-197	4000E
WST-23-1495	158	-14	160	453700	5435376	-197	4000E
WST-23-1496	159	-18	171.5	453700	5435376	-197	4000E
WST-23-1497	154	-21	189.6	453700	5435376	-197	4000E
WST-23-1500	168	-32	126.5	453259	5435210	96	3525E
WST-23-1501	167	-28	123.5	453259	5435210	96	3525E
WST-23-1503	183	-14	153.1	453278	5435248	-145	3575E
WST-23-1514	135	3	93	453601	5435325	-179	3900E
WST-23-1515	137	10	83	453601	5435324	-179	3900E
WST-23-1516	146	12	168.3	453601	5435324	-179	3900E
WST-23-1519	174	-11	201.2	453443	5435339	-205	3750E
WST-23-1520	170	-7	330.4	453443	5435339	-204	3750E
WST-23-1522	163	-1	150.4	453443	5435339	-204	3750E
WST-23-1523	164	-6	147.4	453443	5435339	-204	3750E
WST-23-1524	166	-10	195.4	453443	5435339	-205	3750E
WST-23-1525	162	-20	189.4	453443	5435339	-205	3750E
WST-23-1530	134	34	117.1	453646	5435346	-185	3950E
WST-23-1532	122	25	126.4	453647	5435347	-185	3950E
WST-23-1533	121	18	117.4	453647	5435347	-186	3950E
WST-23-1534	122	10	117.5	453647	5435347	-186	3950E
WST-23-1535	118	-2	83.9	453647	5435347	-187	3950E
WST-23-1538	171	-36	141.5	453259	5435210	96	3525E
WST-23-1541	177	-20	126.6	453258	5435210	97	3525E
WST-23-1542	140	-4	81.3	453601	5435324	-180	3900E
WST-23-1543	129	-12	75.4	453602	5435325	-180	3900E
WST-23-1549	126	-15	159.5	453506	5435326	-89	3800E
WST-23-1550	129	-15	156.5	453505	5435326	-89	3800E
WST-23-1555	189	21	144.2	453277	5435248	-143	3575E
WST-23-1557	182	12	99.4	453179	5435127	175	3425E
WST-23-1560	182	24	114.2	453179	5435127	176	3425E
WST-23-1575	132	-3	184.5	453646	5435347	-187	3950E
WST-23-1577	129	4	156.3	453647	5435347	-187	3950E
WST-23-1578	142	6	153.1	453646	5435347	-187	3950E
WST-23-1579	161	0	162	453700	5435375	-197	4000E
WST-23-1580	165	-2	177.6	453700	5435375	-197	4000E
WST-23-1581	169	-5	177.6	453700	5435375	-197	4000E
WST-23-1583	164	-13	150.5	453700	5435375	-197	4000E
WST-23-1585	156	-42	120.7	453179	5435127	173	3425E
WST-23-1591	143	1	180.5	453646	5435346	-187	3950E
WST-23-1592	143	-4	180.5	453646	5435347	-187	3950E
WST-23-1593	147	-7	168.5	453646	5435346	-187	3950E
WST-23-1596	141	-20	153.5	453646	5435347	-187	3950E
WST-23-1602	155	2	147.5	453444	5435339	-204	3750E
WST-23-1603	159	-1	147.6	453444	5435339	-204	3750E
WST-23-1604	162	-4	312.5	453444	5435339	-204	3750E
WST-23-1605	157	-5	144.6	453444	5435339	-204	3750E
WST-23-1606	159	-10	231.4	453444	5435339	-205	3750E
WST-23-1607	161	-10	288.5	453442	5435339	-205	3750E
WST-23-1608	142	-6	168.6	453321	5435227	104	3600E
WST-23-1614	170	-35	111.6	453600	5435324	-180	3900E
WST-23-1615	158	-39	108.6	453600	5435324	-181	3900E
WST-23-1616	148	-40	105.3	453601	5435324	-181	3900E
WST-23-1618	133	-32	105.5	453601	5435325	-180	3900E
WST-23-1619	133	-39	105.5	453601	5435325	-181	3900E
WST-23-1620	134	-44	117.2	453601	5435325	-181	3900E
WST-23-1631	165	-11	114.4	453542	5435311	-172	3825E
WST-23-1640	160	-23	156.6	453321	5435227	104	3600E
WST-23-1642	166	-19	132.6	453320	5435227	104	3600E
WST-23-1650	176	-15	75.3	453699	5435375	-197	4000E
WST-23-1652	170	-35	78.4	453700	5435375	-198	4000E
WST-23-1661	133	0	144.5	453322	5435228	105	3600E
WST-23-1662	137	4	165.6	453322	5435228	105	3600E
WST-23-1664	138	-4	165.4	453322	5435227	104	3600E
WST-23-1665	146	1	171.6	453321	5435227	105	3600E
WST-23-1673	151	-7	162.6	453646	5435346	-187	3950E
WST-23-1674	148	-2	156.5	453646	5435347	-187	3950E
WST-23-1675	149	3	177.4	453646	5435346	-187	3950E
WST-23-1676	150	7	159.5	453646	5435346	-186	3950E
WST-23-1677	148	11	159.5	453646	5435346	-186	3950E
WST-23-1678	155	-13	192.5	453443	5435339	-205	3750E
WST-23-1679	150	-13	177.2	453443	5435339	-205	3750E
WST-23-1680	150	-2	147.3	453444	5435339	-204	3750E
WST-23-1681	149	2	282.3	453444	5435339	-204	3750E
WST-23-1683	128	-2	174.5	453322	5435228	105	3600E
WST-23-1687	194	11	123.3	453277	5435248	-144	3575E
WST-23-1688	199	13	375.3	453277	5435248	-144	3575E
WST-23-1690	199	22	141.4	453277	5435248	-143	3575E
WST-23-1692	153	-35	422.8	453700	5435375	-198	4000E
WST-23-1693	159	-34	393.5	453257	5435209	96	3525E
WST-23-1695	144	-17	144.6	453504	5435325	-89	3800E
WST-23-1700	148	5	144.6	453504	5435325	-88	3800E
WST-23-1701	151	11	153.5	453504	5435325	-88	3800E
WST-23-1704	151	35	102.2	453646	5435347	-185	3950E
WST-23-1705	159	39	105.1	453645	5435346	-185	3950E
WST-23-1706	163	33	96.4	453645	5435346	-185	3950E
WST-23-1707	169	38	108.1	453645	5435346	-185	3950E
WST-23-1714	130	-53	198.1	453600	5435326	-181	3900E
WST-23-1715	132	-49	126.4	453601	5435326	-181	3900E
WST-23-1719	156	-18	291.3	453443	5435339	-205	3750E
WST-23-1720	153	-8	138.4	453443	5435339	-204	3750E
WST-23-1721	156	5	171.3	453443	5435339	-204	3750E
WST-23-1723A	139	-3	170.8	453322	5435228	104	3600E
WST-23-1736	154	-46	342.3	453543	5435312	-173	3825E
WST-23-1737	184	-3	210.5	453442	5435339	-204	3750E
WST-23-1741	157	13	165.6	453646	5435346	-186	3950E
WST-23-1742	160	9	171.4	453646	5435346	-186	3950E
WST-23-1743	159	4	165.4	453645	5435346	-187	3950E
WST-23-1745	153	-4	162.6	453646	5435346	-187	3950E
WST-23-1746	204	15	387.3	453277	5435248	-143	3575E
WST-23-1748	164	7	195.6	453503	5435325	-88	3800E
WST-23-1753	201	26	141.4	453277	5435248	-143	3575E
WST-23-1756	146	-2	171.5	453322	5435227	104	3600E
WST-23-1760	148	-15	348.6	453646	5435346	-187	3950E
WST-23-1768	152	-40	198.4	453279	5435248	-145	3575E
WST-23-1769	149	-45	351.3	453543	5435312	-173	3825E
WST-23-1775	152	1	174.5	453321	5435227	105	3600E
WST-23-1781	140	-7	153.3	453444	5435339	-205	3750E
WST-23-1782	145	-9	144.5	453444	5435339	-204	3750E
WST-23-1783	150	-11	141.2	453444	5435339	-205	3750E
WST-23-1786	161	-40	189.4	453279	5435248	-145	3575E
WST-23-1788	165	-32	153.7	453278	5435248	-145	3575E
WST-23-1789	126	-3	177.1	453323	5435236	55	3600E
WST-23-1793	131	-10	165.5	453323	5435236	55	3600E
WST-23-1794	127	-13	168.5	453323	5435236	55	3600E
WST-23-1796	171	-32	156.6	453278	5435248	-145	3575E
WST-23-1810	134	-19	168.5	453323	5435236	55	3600E
WST-23-1812	135	-8	165.6	453323	5435236	55	3600E
WST-23-1829	140	-23	165.5	453323	5435236	54	3600E

Lynx Zone

Mineralization occurs as grey to translucent quartz-carbonate-pyrite-tourmaline veins and pyrite replacement zones and stockworks. Vein-type mineralization is associated with haloes of pervasive sericite-pyrite ± silica alteration and contain sulphides (predominantly pyrite with minor amounts of chalcopyrite, sphalerite, galena, arsenopyrite, and pyrrhotite) and local visible gold. Replacement mineralization is associated with strong pervasive silica-sericite-ankerite ± tourmaline alteration and contains disseminated pyrite from trace to 80% with local visible gold. Pyrite stockworks can form envelopes that reach several tens of metres thick. Fuchsite alteration is common and is spatially constrained to near the gabbros. Mineralization occurs at or near geological contacts between felsic porphyritic or fragmental intrusions and the host rhyolites or gabbros and locally can be hosted along the gabbro-rhyolite contact.

Qualified Person

The scientific and technical content of this news release has been reviewed, prepared, and approved by Ms. Isabelle Roy, P.Geo. (OGQ 535), Director of Technical Services for Osisko’s Windfall gold project, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control and Reporting Protocols

True width determination is estimated at 55-80% of the reported core length interval for the zone. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.5 g/t Au diluted over core lengths of at least 2.0 metres. NQ core assays were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Vancouver, British Colombia, Lima, Peru or Vientiane, Laos (ii) Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using a Four Acid Digestion-ICP-MS method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Gold Deposit

The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource estimate on Windfall (with an effective date of June 7, 2022 ) (the “Windfall Resource Estimate”) and the mineral reserve estimate on Windfall (with an effective date of November 25, 2022) (the “Windfall Reserve Estimate”) are described in the technical report entitled “Feasibility Study for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” (the “FS Technical Report”) and dated January 10, 2023 (with an effective date of November 25, 2022). The Windfall Resource Estimate, assuming a cut-off grade of 3.50 g/t Au, comprises 811,000 tonnes at 11.4 g/t Au (297,000 ounces) in the measured mineral resource category, 10,250,000 tonnes at 11.4 g/t Au (3,754,000 ounces) in the indicated mineral resource category and 12,287,000 tonnes at 8.4 g/t Au (3,337,000 ounces) in the inferred mineral resource category. The Windfall Mineral Reserve, assuming 3.5 g/t operating, 2.5 g/t incremental, and 1.7 g/t development cut-off grade, comprises 12,183,000 tonnes at 8.06 g/t Au (3,159,000 ounces) in the probable mineral reserves category. The key assumptions, parameters, limitations and methods used in the feasibility study for Windfall, including the related Windfall Resource Estimate and Windfall Reserve Estimate, are described in the FS Technical Report, which was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The FS Technical Report is available on SEDAR+ (www.sedarplus.com) under Osisko’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal areas: Lynx, Main, and Underdog. Mineralization is generally comprised of sub-vertical lenses following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres, including the Triple 8 (TP8) zone. The reserves are defined from surface to a depth of 1,100 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 50% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 50% interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,300 square kilometers).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the expected timing (if at all) to hook-up the power line; the expected allocation of power under the power allocation agreement being realized (if any); the expected power demand for Windfall; the assumptions limitations and qualifications in the FS Technical Report, including relating to the Windfall Resource Estimate and Windfall Reserve Estimate; reliance on third-parties for infrastructure, including power lines, with reference to the agreement with Miyuukaa for the transmission of hydroelectric power to the Windfall site; the results of the FS Technical Report, including NPV, IRR, production, tax-free cash flows, capex, AISC, milling operations, average recovery, job creation; the Lynx zone remaining open to expansion down plunge. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; reliance on third-parties, including governmental entities, for mining activities, including for infrastructure; the timing and ability, if at all, to obtain permits; the reliance on third-parties for infrastructure critical to build and operate the Windfall project, including power lines; our ability to obtain power for the Windfall project, if at all or on terms economic to the Corporation; the status of third-party approvals or consents; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling; property and royalty interests in the Windfall gold deposit; the ability of the Corporation to obtain required approvals; the results of exploration activities; risks relating to mining activities; the Canadian/United States dollar exchange rate; the global economic climate; metal (including gold) prices; dilution; environmental risks; and community and non-governmental actions. For additional information with respect to these and other factors and assumptions underlying the forward-looking information in this news release, please see the section entitled “Risk Factors” in the most recent annual information form of Osisko for the year ended December 31, 2022, a copy of which is available on SEDAR+ (www.sedarplus.com) under Osisko’s issuer profile. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

CONTACT INFORMATION:

John Burzynski
Chief Executive Officer
Telephone (416) 363-8653

OSISKO MINING SIGNS BINDING LETTER AGREEMENT WITH BONTERRA RESOURCES FOR EXPLORATION EARN-IN AND JOINT VENTURE ON URBAN-BARRY PROPERTIES

Posted on September 25, 2023November 8, 2023 by lboivin

Toronto, Ontario (September 25, 2023) – Osisko Mining Inc. (TSX:OSK) (“Osisko“) is pleased to announce that it has entered into a binding letter agreement with Bonterra Resources Inc. (TSXV:BTR) (“Bonterra“) for a 70% exploration earn-in and joint venture on all of the Urban-Barry properties held by Bonterra (hosting the Gladiator and Barry deposits), in addition to the adjoining Duke and Lac Barry properties (collectively, the “Properties“), all located in Quebec’s Eeyou Istchee James Bay region. The Duke property is currently 70% owned by Bonterra and 30% owned by Osisko, and the Lac Barry property is currently 85% owned by Bonterra and 15% owned by Gold Royalties Corp. The Properties total 496 claims over 22,508 hectares.

Under the binding letter agreement, Osisko has agreed to pay Bonterra an initial upfront payment of $1 million in cash (payable within one business day of the signing of the binding letter agreement) and an additional $4 million in cash upon the parties entering into the definitive agreement. Under the Exploration Earn-In, Osisko has agreed to fund $30 million in work expenditures over a three-year period to earn a 70% undivided interest in the Properties, in accordance with annual work expenditures $10 million in each year (which can be pre-paid at Osisko’s option).

After completion of the Exploration Earn-In, Osisko and Bonterra have agreed to form a joint venture entity or contractual joint venture in such form as the parties may agree, each acting reasonably, taking into consideration any tax and other factors relevant to the parties.

During the Exploration Earn-In and upon and following the formation of the joint venture, Osisko will be the operator of the Properties. Upon completion of the Exploration Earn-In and the formation of the joint venture, Osisko and Bonterra will form a management committee to provide direction to the operator on exploration programs for the Urban-Barry Properties.

Osisko and Bonterra have agreed to negotiate in good faith, settle, and enter into definitive documentation providing for the Exploration Earn-In as soon as practicable following the date hereof, subject to the satisfaction of certain customary conditions precedent.

Osisko may withdraw from the Exploration Earn-In at any time upon written notice to Bonterra. In the event of an election to withdraw from the Exploration Earn-In, Osisko will forfeit all rights and interests in the Properties with no further liability, and the definitive documentation shall be immediately terminated upon such election.

About the Urban-Barry Properties

Barry Deposit

The Barry deposit is a shear-hosted gold deposit with multiple parallel, sub-vertical, shear zones and a second set of veins dipping 25 to 60 degrees to the southeast. The gold mineralization consists of disseminated sulfides within the shear zones and the veins with local visible gold. The Barry deposit has been delineated over 1.4 kilometres along strike and 700 metres vertical and the deposit remains open for expansion.

SLR Consulting (Canada) completed a mineral resource estimate for Bonterra on the Barry deposit for both open pit and underground scenarios. The combined open pit and underground mineral resource estimate for the Barry deposit are (i) measured mineral resources of 2,076,000 tons at 3.04 g/t Au for 203,000 oz Au, (ii) indicated mineral resources of 3,023,000 tons at 5.01 g/t Au for 487,000 oz Au, and (iii) inferred mineral resources of 4,379,000 tons at 4.89 g/t Au for 689,000 oz Au. The Barry mineral resource estimate is supported by the Technical Report (as defined herein).

Gladiator Deposit

Gold mineralization at the Gladiator deposit is hosted within sheared veins of quartz-carbonate composition, with sericite, chlorite, tourmaline with pyrite, chalcopyrite, sphalerite, galena and visible gold. The veins are divided into four groupings. The Gladiator deposit has been outlined by diamond drilling to a strike length of 1,600 metres and depth of 1,100 metres.

SLR Consulting (Canada) completed a mineral resource estimate for Bonterra on the Gladiator deposit. The mineral resource estimate for the Gladiator deposit are (i) indicated mineral resources of 1,413,000 t at 8.61 g/t Au for 391,000 oz Au, and (ii) inferred mineral resources of 4,174,000 t at 7.37 g/t Au for 989,000 oz Au. The Gladiator mineral resource estimate is supported by the Technical Report.

Duke Property

The Duke property consists of 81 strategic mineral claims totaling 3,590 hectares adjacent to the Gladiator Deposit. The Duke property mineralization is associated with multiple sub-parallel, moderately dipping to subvertical, shear hosted quartz-carbonate-chlorite veins and stockworks with minor pyrite and gold trending northeast to east west hosted within intermediate to mafic volcanics and tuffs with local felsic intrusions. Bonterra and Osisko have a 70% and 30% interest, respectively, in the Duke property.

Technical Report

The mineral resource estimates for the Barry and Gladiator deposits are supported by the technical report (the “Technical Report“) entitled “Technical Report on the Gladiator and Moroy Deposits and the Bachelor Mine and Preliminary Economic Assessment on the Barry Deposit, Northwestern Québec, Canada, Report for NI 43-101” dated July 25, 2022 (with an effective date of June 1, 2022) prepared for Bonterra by SLR Consulting (Canada). Reference should be made to the full text of the Technical Report for the assumptions, qualifications and limitations set forth therein, a copy of which is available on SEDAR+ (www.sedarplus.com) under Bonterra’s issuer profile.

Qualified Person

The scientific and technical content in this news release has been reviewed and approved by Mr. Mathieu Savard, P.Geo. (OGQ #510), President of Osisko, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Osisko Mining Inc.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, assumptions and projections as at the date of this news release. The information in this news release about the timing and ability of Osisko and Bonterra to complete the definitive documentation in respect of the Exploration Earn-In and satisfy the conditions precedent to executing the definitive documentation, if at all; the work expenditures expected to be incurred by Osisko over a three-year period, if at all; the formation of a joint venture on the Urban-Barry Properties following the completion of the Exploration Earn-In, if at all; the respective ownership interests of Osisko and Bonterra in the joint venture entity; and any other information herein that is not a historical fact may be “forward looking information”. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

This forward-looking information is based on reasonable assumptions and estimates of management of Osisko, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the timing and ability of Osisko and Bonterra to complete the definitive documentation relating to the Exploration Earn-In, satisfy the conditions precedent to executing the definitive documentation, if at all, and close the Exploration Earn-In, if at all; risks relating to changes in tax laws; risks relating to property interests; the global economic climate; metal prices; dilution; ability of Osisko to complete further acquisitions; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information, please contact:

John Burzynski
Chief Executive Officer
Telephone: (416) 363-8653

OSISKO MINING PROVIDES CORPORATE UPDATE

Posted on June 5, 2023November 8, 2023 by lboivin

Toronto, June 5, 2023 – Osisko Mining Inc. (TSX:OSK. “Osisko” or the “Corporation“) would like to provide the following update on the ongoing forest fire situation affecting the communities in Abitibi and Eeyou Istchee James Bay, where the Windfall gold project is located. On June 2 and 3, 2023, Quebec’s Ministry of Natural Resource and Forests announced prohibitions regarding forest access on Crown lands, and closed forestry roads for reasons of public safety, given the current situation related to wildfires in the Abitibi and Eeyou Istchee James Bay regions.

John Burzynski, Chairman and Chief Executive Officer of Osisko Mining commented: “We have withdrawn our staff and continue to monitor our facilities remotely and on the ground in accordance with local directives. Our team is in constant communication with local and provincial authorities to coordinate all efforts in this difficult time. All personnel are safe, and the Windfall facilities are secure. While all activities at site are currently suspended, we do not anticipate any material impact on our business.”

Osisko will update the market in the event of any material change to Osisko arising in relation to the wildfires.

About Osisko Mining Inc.

Cautionary Note Regarding Forward-Looking Information

This news release contains the forward-looking information pertaining to, among other things: the potential impact of wildfires on our business, operations or assets; the impact of the wildfires and regulatory responses thereto on the business of Osisko the prospects, if any, of the Windfall gold deposit; the ability to realize upon any mineralization in a manner that is economic; the amount and type of drilling to be completed and the timing to complete such drilling; future drilling and advancement at the Property.

Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability to continue current operations and exploration; risks relating to exploration, development and mining activities; reliance on third-parties for infrastructure, including power lines; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:

John Burzynski

Chief Executive Officer

Telephone (416) 363-8653

OSISKO MINING AND GOLD FIELDS ANNOUNCE 50/50 JOINT VENTURE ON WINDFALL GOLD PROJECT

Posted on May 2, 2023November 8, 2023 by lboivin

Osisko Fully-Funded to Mine Production
Project to Benefit From Mine Building and Operating Experience of a Senior Gold Producer
Significant Investment by Gold Fields Validates Quality and Robustness of Windfall

(Toronto, May 2, 2023) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation“) is pleased to announce it has concluded a 50/50 joint venture agreement with a subsidiary of Gold Fields Limited (“Gold Fields“) for the joint ownership and development of Osisko’s Windfall gold project, located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec (the “Transaction“).

Transaction Highlights

Gold Fields initial cash payment to Osisko of C$300 million on signing.
Gold Fields additional (“Deferred”) cash payment to Osisko of C$300 million on issuance of the applicable permits authorizing the construction, operation and mining of the Windfall Project.
Gold Fields to sole fund expenditures for regional exploration up to a maximum of C$75 million, after which regional exploration programs would be proportionately funded by each of Osisko and Gold Fields.
In addition to the initial cash payment and the Deferred cash payment, Gold Fields to make two additional separate C$17 million cash payments to Osisko (C$34 million in total, the first on July 31, 2023 and the second on December 31, 2023). These represent reimbursement of items already incurred by Osisko as part of pre-construction spend.
Gold Fields and Osisko share all pre-construction costs (provisional budget estimated at C$250 million) and construction costs (feasibility capital expenditure estimated at C$789 million) on a 50/50 basis going forward.
Governance arrangements with equal representation in the Partnership from Osisko and Gold Fields, to leverage each party’s skillsets.

Osisko’s Chairman and Chief Executive Officer, John Burzynski, stated: “We are very pleased to partner with Gold Fields on the Windfall project and our exploration property portfolio. Today is the start of what we believe will prove to be a long and fruitful partnership with Gold Fields at Windfall, and in what we both believe is a significant emerging gold district in Québec. This partnership further strengthens our strong balance sheet, allows us to significantly de-risk Windfall and brings us a very important step closer to realizing our objective of becoming a leading Canadian gold producer. With the proceeds from this Transaction, Osisko is fully-funded for our share of development capital to bring Windfall into production. Osisko shareholders retain considerable upside in the project while also benefiting from the mine building, operating and technical expertise of Gold Fields. Assuming the project is ultimately permitted and approved by the partners consistent with the Windfall Feasibility Study, Gold Fields’ acquisition cost, exploration commitment, and contribution to pre-construction and project capital would ultimately represent an investment of C$1.2 billion to acquire its interest, bring Windfall into production and further unlock the regional exploration upside. This Transaction is highly compelling on many fronts and represents the best path forward to maximize value for all stakeholders.”

Mr. Burzynski continued: “Osisko Mining would like to acknowledge and thank Sean Roosen in particular and the directors of Osisko Gold Royalties Ltd. (“OGR”) for their forward-looking vision in supporting the 2015 re-creation of Osisko Mining – one of the key first investment decisions in OGR’s very innovative and successful “accelerator model” concept to create new high-value negative-cost royalties tied to equity investment in new exploration companies. OGR holds a 2% – 3% NSR royalty on the Windfall area claims and 13% of the undiluted equity in the Corporation.”

Transaction Details

The Transaction closed on May 2, 2023, with Gold Fields acquiring a 50% partnership interest in the “Windfall Mining Group”, a partnership formed under the laws of the Province of Ontario (the “Partnership“), which will develop the Windfall project and the surrounding Urban Barry and Quévillon exploration properties (collectively, the “Property“). The Transaction was implemented in accordance with, among other things, a framework agreement dated May 2, 2023 (the “Framework Agreement“) among Osisko, Gold Fields, Gold Fields Holdings Company Limited, Windfall Mining Group and 1000516419 Ontario Inc., the manager of the Partnership (the “Manager“). Pursuant to the terms of the Framework Agreement, Gold Fields acquired 50% interest in the Partnership for an aggregate consideration of C$600 million in cash to Osisko. The Partnership Agreement also requires Gold Fields to sole fund up to C$75 million in contributions to the Partnership for regional exploration. Prior to the acquisition of the 50% Partnership interest by Gold Fields, Osisko had contributed to the Partnership the Property together with any claims, permits, leases, all other real property, personal property, contractual rights and other assets currently held or acquired for the benefit of the Property.

The Framework Agreement contains customary representations and warranties, covenants and indemnification provisions for a transaction of this nature. The obligations of Gold Fields are guaranteed by Gold Fields Holdings Company Ltd, a significant intermediate holding company with material indirect interests in a number of Gold Fields operations.

About Windfall Mining Group

The business and affairs of the Partnership are managed by the Manager, which has the exclusive right to act on behalf of the Partnership. Each of Osisko and Gold Fields holds 50% of the common shares in the Manager, as well as a 50% partnership interest in the Partnership (apart from a nominal interest in the Partnership held by the Manager).

The relationship among the parties is governed by a second amended and restated partnership agreement (the “Partnership Agreement“) and a shareholders’ agreement (together with the Partnership Agreement, the “Governing Documents“). The Governing Documents contain customary transfer rights restrictions, governance and decision-making mechanisms which are typical in a transaction of this nature. The Partnership Agreement contains provisions relating to programs and budgets in respect of the Property, funding obligations and remedies for breaches of funding obligations, cost overruns as well as a mutual standstill.

Advisors

Maxit Capital LP acted as financial advisor to Osisko and Bennett Jones LLP acted as Osisko’s legal counsel.

Conf Call

About the Windfall Gold Deposit

The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource estimate on Windfall (with an effective date of June 7, 2022 ) (the “Windfall Resource Estimate”) and the mineral reserve estimate on Windfall (with an effective date of November 25, 2022) (the “Windfall Reserve Estimate”) are described in the technical report entitled “Feasibility Study for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” and dated January 10, 2023 (with an effective date of November 25, 2022) (the “FS Technical Report”). The Windfall Resource Estimate, assuming a cut-off grade of 3.50 g/t Au, comprises 811,000 tonnes at 11.4 g/t Au (297,000 ounces) in the measured mineral resource category, 10,250,000 tonnes at 11.4 g/t Au (3,754,000 ounces) in the indicated mineral resource category and 12,287,000 tonnes at 8.4 g/t Au (3,337,000 ounces) in the inferred mineral resource category. The Windfall Reserve Estimate, assuming 3.5 g/t operating, 2.5 g/t incremental, and 1.7 g/t development cut-off grade, comprises 12,183,000 tonnes at 8.06 g/t Au (3,159,000 ounces) in the probable mineral reserves category. The key assumptions, parameters, limitations and methods used in the feasibility study for Windfall, including the related Windfall Resource Estimate and Windfall Reserve Estimate, are described in the FS Technical Report, which was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The FS Technical Report is available on SEDAR (www.sedar.com) under Osisko’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal areas: Lynx, Main, and Underdog. Mineralization is generally comprised of sub-vertical lenses following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres, including the Triple 8 (TP8) zone. The reserves are defined from surface to a depth of 1,100 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Subsequent to this announcement, Osisko holds a 50% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and a 50% interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,300 square kilometres).

About Gold Fields

Gold Fields is a globally diversified gold producer with nine operating mines in Australia, South Africa, Ghana (including the Asanko JV) and Peru and one construction project in Chile. It has total attributable annual gold-equivalent production of 2.40Moz, proved and probable gold Mineral Reserves of 46.1Moz, measured and indicated gold Mineral Resources of 31.1Moz (excluding Mineral Reserves) and inferred Gold Mineral Resources of 11.2Moz (excluding Mineral Reserves). Gold Fields shares are listed on the Johannesburg Stock Exchange (JSE) and its American depositary shares trade on the New York Exchange (NYSE).

Qualified Person

The scientific and technical content in this news release has been reviewed and approved by Mr. Mathieu Savard, P.Geo (OGQ #510), President of Osisko, who is a “qualified person” (within the meaning of NI 43-101).

Cautionary Note Regarding Forward-Looking Information

This news release contains the forward-looking information pertaining to, among other things: the timing and ability of the Partnership to obtain all other authorizations needed to begin the construction and operations at Windfall; the timing (if at all) of the payment of the Deferred Payment Amount; the timing and ability for the Property to reach a construction decision; the ability of Osisko to realize on the benefit of the Transaction; the impact on Osisko of the disposition of ownership interest and control in the Property and Contributed Assets; the estimated costs required to reach a construction decision in respect of the Property; receipt of a positive recommendation for the Windfall environmental impact assessment; the ability and timing for the parties to fund cash calls to advance the development of the Property and pursue planned exploration and development; the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters, limitations and methods used in the FS Technical Report, including the related Windfall Resource Estimate and Windfall Reserve Estimate; the prospects, if any, of the Windfall gold deposit; the ability to realize upon any mineralization in a manner that is economic; the amount and type of drilling to be completed and the timing to complete such drilling; the potential to extend mineralization down-plunge and at depth; the ability of exploration work (including drilling) to accurately predict mineralization; upgrading an inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling and advancement at the Property.

Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of the Partnership to complete further exploration activities, including (infill) drilling, or further development of the Property; the ability to continue current operations and exploration; property and royalty interests in the Windfall gold deposit; the ability and timing to obtain required approvals for the advancement of the Property; regulatory framework; the results of exploration activities; risks relating to exploration, development and mining activities; reliance on third-parties for infrastructure, including power lines; the global economic climate; capital market conditions; Osisko’s, Gold Field’s and the Partnership’s ability to access capital and obtain project financing; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

CONTACT INFORMATION:

John Burzynski
Chairman and Chief Executive Officer
Telephone (416) 363-8653

OSISKO MINING INC. AMENDS OMNIBUS PLAN

Posted on May 1, 2023November 8, 2023 by lboivin

Toronto, Ontario (May 1, 2023) – Osisko Mining Inc. (TSX:OSK) (the “Corporation” or “Osisko“) announces that its Board of Directors has approved minor amendments to the omnibus equity incentive plan of the Corporation (the “Omnibus Plan“), which is proposed for approval by the shareholders of the Corporation at Osisko’s annual and special meeting of shareholders to be held on May 29, 2023 (the “Meeting“), to address comments from ISS Proxy Advisory Services on the Omnibus Plan.

The Omnibus Plan, the adoption of which shareholder approval is being sought at the Meeting, has been amended to include language in Section 7.3(2) of the Omnibus Plan to require shareholder approval for the following:

any amendment to the non-transferability of awards set out in Section 6.1(6) (General Conditions Applicable to Awards – Non-Transferrable Awards) of the Omnibus Plan; and
any amendment to Article 7 (Adjustments and Amendments) of the Omnibus Plan.

These amendments will be included in the Omnibus Plan proposed to be considered and voted upon by shareholders at the Meeting.

For further information on the Corporation, please contact:

John Burzynski
Chief Executive Officer
Telephone: (416) 363-8653

The Corporation’s head office is located at 155 University Avenue, Suite 1440, Toronto, Ontario M5H 3B7.

OSISKO MINING INC. FILES EARLY WARNING REPORT

Posted on March 30, 2023November 8, 2023 by lboivin

Toronto, Ontario (March 30, 2023) – Osisko Mining Inc. (TSX:OSK) (the “Corporation” or “Osisko“) announces that in accordance with regulatory requirements it has filed an early warning report in respect of its holdings in Vior Inc. (“Vior“). In connection with private placement (the “Private Placement“) by Vior of flow-through common shares on March 30, 2023, Osisko acquired from the initial subscribers in the Private Placement an aggregate of 6,983,765 common shares in the capital of Vior (the “Common Shares“) at a price of $0.145 per Common Share for an aggregate purchase price of $1,012,645.84 (the “Acquisition“).

Immediately following the completion of the Acquisition, Osisko has beneficial ownership of, or control and direction over 13,831,764 Common Shares and 1,224,000 Warrants representing approximately 13.6% of the issued and outstanding Common Shares on a non-diluted basis (approximately 14.7% on a partially diluted basis, assuming the exercise of all Warrants held by Osisko) after giving effect to the Private Placement.

Osisko acquired the securities of Vior for investment purposes and intends to review, on a continuous basis, various factors related to this investment, and may decide to purchase additional securities of Vior or may decide in the future to sell all or part of its investment, as future circumstances may dictate.

This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated March 30, 2023. The early warning report in respect of the Acquisition has been filed on SEDAR (www.sedar.com) under Vior’s issuer profile. To obtain a copy of the early warning report filed by the Corporation, please contact John Burzynski at (416) 363-8653 or refer to SEDAR (www.sedar.com) under Vior’s issuer profile.

For further information on the Corporation, please contact:

John Burzynski
Chief Executive Officer
Telephone: (416) 363-8653

The Corporation’s head office is located at 155 University Avenue, Suite 1440, Toronto, Ontario M5H 3B7.

OSISKO SUBMITS WINDFALL ENVIRONMENTAL IMPACT ASSESMENT

Posted on March 29, 2023November 8, 2023 by lboivin

(Toronto, March 29, 2023) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to announce that it has submitted the Environmental Impact Assessment Report for its Windfall project (“Windfall EIA”) to the Environmental and Social Impact Review Committee (“COMEX”). The Windfall project is located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec entirely on the traditional land of the Cree First Nation of Waswanipi.

The Windfall EIA was prepared by WSP Canada Inc. with contributions from Arkéos Inc., GCM Consultants, BBA Inc., Entech and Aviseo, each of which is an independent firm and realized in accordance with the Directive issued by the Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (“MELCCFP”). These contributors provided technical inputs for the study, collected survey data and compilations in all fields required to evaluate the project impacts. Windfall EIA and all supporting documents are available on the Corporation’s website at www.osiskomining.com. The Windfall EIA was coordinated by Vanessa Milette, Osisko’s Director of Environment, under the supervision of Andréanne Boisvert, Osisko’s Vice-President of Environment and Community Relations.

The Windfall project is located south of the 55th parallel in the territory governed by the James Bay and Northern Québec Agreement (JBNQA), which is subject to the COMEX. The COMEX is an independent body composed of members appointed by the governments of Québec and the Cree Nation, which is responsible for the assessment and review of the social and environmental impacts of the Windfall project. Upon completion of the project review, the COMEX will issue a recommendation to the Deputy Minister of Québec’s MELCCFP. Should a positive recommendation be granted by the COMEX, the Deputy Minister would then issue a Certificate of Authorization pursuant to section 164 of Québec’s Environment Quality Act for the Windfall project. The issuance of such Certificate of Authorization is a pre-condition to Osisko applying for the other authorizations required to begin the construction of, and operations at, the Windfall site.

The Windfall EIA covers 18 fields of study from impacts on water, air and vegetation to impacts on regional and provincial economies. The following represents some of the highlights¹ of the study as related to benefits to local communities and governments:

The creation of 17,120 full-time equivalent jobs in Québec by 2035 (direct and indirect jobs), of which 10,256 would be directly in Abitibi-Temiscamingue and Nord-du-Québec regions.
Robust water management planning using a state-of-the-art water treatment plant integrated into the proposed future development plan
A tailings management facility designed to the highest modern industry standards
$3.5 billion of investment² for construction, sustaining costs and operations by 2035, with an additional $83 million reserved for future closure costs
$2.3 billion of contribution to Québec’s GDP by 2035
Gross provincial tax revenues for Québec estimated at $712 million (including mining duties), and $333 million gross federal tax revenues by 2035³
An estimated $68 million in local property taxes and school tax revenues by 2035

Notes on the Windfall EIA highlights

1)-Economic and fiscal impacts including contribution to Québec’s GDP were determined by Aviseo Conseil by applying EcoTec’s cross-sector (input-output) model. Estimation of corporate income tax, mining duties, local property and school tax were estimated based on the FS Technical Report (as defined herein), a copy of which is available on SEDAR (www.sedar.com) under Osisko’s issuer profile. All monetary amounts are reported in Canadian dollars. Details about methodology or main hypothesis are described in Windfall EIA and are based on FS Technical Report. 2)-The cumulative $3.5 billion of investments includes Initial Capex of $788 million, Sustaining Capex of $588 million and cumulative operation costs over LOM of $2,134 million based on FS Technical Report.3) -Gross provincial tax estimated contributions includes workers personal income taxes, health services funds and sales taxes while gross federal tax contributions includes workers personal income taxes.

Osisko’s Chairman and Chief Executive Officer, John Burzynski, stated: “Today’s Windfall Project EIA submission constitutes a significant milestone in realizing our goal of creating a new producing gold mine in Eeyou Istchee James Bay. This submission begins the permitting and authorization process for the Windfall gold project. Osisko enters this process fully aware of the importance of the promoter’s role and responsibilities during the COMEX review process. The Corporation is committed to transparently delivering an environmentally sound, robust project for all stakeholders, and to provide all project information requested in a timely matter. We would like to thank our host communities the Cree First Nation of Waswanipi and Lebel-sur-Quévillon for their continuous support, and we thank our employees and consultants for their diligent work in delivering this extensive Windfall EIA.”

About the Windfall Gold Deposit

The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource estimate on Windfall (with an effective date of June 7, 2022 ) (the “Windfall Resource Estimate”) and the mineral reserve estimate on Windfall (with an effective date of November 25, 2022) (the “Windfall Reserve Estimate”) are described in the technical report entitled “Feasibility Study for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” and dated January 10, 2023 (with an effective date of November 25, 2022) (the “FS Technical Report”). The Windfall Resource Estimate, assuming a cut-off grade of 3.50 g/t Au, comprises 811,000 tonnes at 11.4 g/t Au (297,000 ounces) in the measured mineral resource category, 10,250,000 tonnes at 11.4 g/t Au (3,754,000 ounces) in the indicated mineral resource category and 12,287,000 tonnes at 8.4 g/t Au (3,337,000 ounces) in the inferred mineral resource category. The Windfall Reserve Estimate, assuming 3.5 g/t operating, 2.5 g/t incremental, and 1.7 g/t development cut-off grade, comprises 12,183,000 tonnes at 8.06 g/t Au (3,159,000 ounces) in the probable mineral reserves category. The key assumptions, parameters, limitations and methods used in the feasibility study for Windfall, including the related Windfall Resource Estimate and Windfall Reserve Estimate, are described in the FS Technical Report, which was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The FS Technical Report is available on SEDAR (www.sedar.com) under Osisko’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal areas: Lynx, Main, and Underdog. Mineralization is generally comprised of sub-vertical lenses following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres, including the Triple 8 (TP8) zone. The reserves are defined from surface to a depth of 1,100 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.

Qualified Person

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,300 square kilometres).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: receipt of a positive recommendation for the Windfall EIA; the ability of the Corporation to obtain all other authorizations needed to begin the construction and operations at Windfall; the benefits to local communities and governments contained in the Windfall EIA; the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters, limitations and methods used in the FS Technical Report, including the related Windfall Resource Estimate and Windfall Reserve Estimate; the prospects, if any, of the Windfall gold deposit; the ability to realize upon any mineralization in a manner that is economic; the amount and type of drilling to be completed and the timing to complete such drilling; the potential to extend mineralization down-plunge and at depth; the ability of exploration work (including drilling) to accurately predict mineralization; upgrading an inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling and advancement at the Windfall gold deposit. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling, or further development of the Windfall Project; the ability to continue current operations and exploration; property and royalty interests in the Windfall gold deposit; the ability and timing of the Corporation to obtain required approvals; regulatory framework; the results of exploration activities; risks relating to exploration, development and mining activities; reliance on third-parties for infrastructure, including power lines; the global economic climate; capital market conditions and the Corporation’s ability to access capital on terms acceptable to the Corporation; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

CONTACT INFORMATION:

John Burzynski
Chief Executive Officer
Telephone (416) 363-8653

OSISKO ANNOUNCES DEFINITIVE AGREEMENT WITH MIYUUKAA TO TRANSPORT HYDROELECTRIC POWER TO WINDFALL PROJECT

Posted on March 16, 2023November 8, 2023 by lboivin

Hook-up expected Q1-2024

(Toronto, March 16, 2023) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to announce that it has concluded the previously announced binding term sheet agreement and signed a definitive agreement with Miyuukaa Corp. (“Miyuukaa”), a wholly-owned corporation of the Cree First Nation of Waswanipi (“CFNW”), with respect to the construction of proposed transmission facilities and the transport of hydroelectric power to the Windfall Project, located in the Abitibi greenstone belt, Eeyou Istchee James Bay, Québec. The power line from the Waswanipi substation to Windfall is located 100% on CFNW traditional lands covered by the James Bay Northern Québec Agreement.

Miyuukaa will finance, build, own and operate a 69 kV dedicated transmission line that will transport hydroelectricity to the Windfall project. As an end user, Osisko will pay service fees to Miyuukaa. The agreement outlines the general and financial terms of the agreement between Osisko and Miyuukaa, which is for the purpose of ensuring delivery of hydroelectricity over the life of the planned Windfall mill as required.
Construction work commenced during the first quarter of 2023 and is projected to take 12 months to complete, with the hook-up date anticipated in Q1 2024.

This agreement solidifies the collaborative approach between Osisko and the CFNW to sustainably develop energy infrastructure, which will create robust employment opportunities for members of the CFNW. Using hydroelectric power through the final stages of exploration and throughout the planned construction and operations phases will reduce greenhouse gas emissions and the Windfall Project’s dependency on fossil fuels.

About the Windfall Gold Deposit

The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource estimate on Windfall (with an effective date of June 7, 2022 ) (the “Windfall Resource Estimate”) and the mineral reserve estimate on Windfall (with an effective date of November 25, 2022) (the “Windfall Reserve Estimate”) are described in the technical report entitled “Feasibility Study for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” (the “FS Technical Report”) and dated January 10, 2023 (with an effective date of November 25, 2022). The Windfall Resource Estimate, assuming a cut-off grade of 3.50 g/t Au, comprises 811,000 tonnes at 11.4 g/t Au (297,000 ounces) in the measured mineral resource category, 10,250,000 tonnes at 11.4 g/t Au (3,754,000 ounces) in the indicated mineral resource category and 12,287,000 tonnes at 8.4 g/t Au (3,337,000 ounces) in the inferred mineral resource category. The Windfall Reserve Estimate, assuming 3.5 g/t operating, 2.5 g/t incremental, and 1.7 g/t development cut-off grade, comprises 12,183,000 tonnes at 8.06 g/t Au (3,159,000 ounces) in the probable mineral reserves category. The key assumptions, parameters, limitations and methods used in the Feasibility Study for Windfall, including the related Windfall Resource Estimate and Windfall Reserve Estimate, are described in a technical report (the “FS Technical Report”), which was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The FS Technical Report is available on SEDAR (www.sedar.com) under Osisko’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal areas: Lynx, Main, and Underdog. Mineralization is generally comprised of sub-vertical lenses following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres, including the Triple 8 (TP8) zone. The reserves are defined from surface to a depth of 1,100 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims surrounding the Urban Barry area and nearby Quévillon area (over 2,300 square kilometres).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the timing and ability to construct transmission facilities, and transport hydroelectric power, to Windfall (if at all or for the life of planned Windfall mill); the ability of Miyuuka to provide the service as contemplated under and in accordance with the terms of the definitive agreement; the ability of Osisko to pay service fees in accordance with the terms of the definitive agreement; the anticipated environmental benefits, including a reduction in greenhouse gas emissions, by reducing dependency on fossil fuels; the timing and ability to complete the construction a transmission line by Q1 2024 (if at all); the ability and timing of Osisko to construct the planned Windfall mill (if at all); the availability of power being significantly advantageous to Osisko from cost and environmental perspectives; the creation of robust jobs for the region or for member of the CNFW; the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters, limitations and methods used in the FS Technical Report, including the related Windfall Resource Estimate and Windfall Reserve Estimate; the prospects, if any, of the Windfall gold deposit; the ability to realize upon any mineralization in a manner that is economic; the amount and type of drilling to be completed and the timing to complete such drilling; the trend of grade increase; the Lynx, Main and Underdog zones remaining open to expansion down plunge and at depth; the ability of exploration work (including drilling) to accurately predict mineralization; upgrading an inferred mineral resource to a measured mineral resource or indicated mineral resource category; future drilling and advancement at the Windfall gold deposit; the significance of historic exploration activities and results. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including (infill) drilling, or further development of the Windfall Project; the ability to continue current operations and exploration; property and royalty interests in the Windfall gold deposit; the ability and timing of the Corporation to obtain required approvals; regulatory framework; the results of exploration activities; risks relating to exploration, development and mining activities; reliance on third-parties for infrastructure, including power lines; the global economic climate; capital market conditions and the Corporation’s ability to access capital on terms acceptable to the Corporation; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

CONTACT INFORMATION:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653

OSISKO MINING CLOSES C$100 MILLION “BOUGHT DEAL” PRIVATE PLACEMENT OF UNITS, INCLUDING FULL EXERCISE OF THE UNDERWRITERS’ OPTION

Posted on February 28, 2023November 8, 2023 by lboivin

(Toronto, February 28, 2023) – Osisko Mining Inc. (TSX:OSK) (“Osisko” or the “Corporation”) is pleased to announce the completion of its previously announced “bought deal” private placement of an aggregate of 32,260,000 units of the Corporation (the “Units”) at a price of C$3.10 per Unit for aggregate gross proceeds of approximately C$100 million, including the exercise in full of the underwriters’ option (the “Offering”).

Each Unit consists of one common share of the Corporation and one-half of one common share purchase warrant of the Corporation (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share of the Corporation for 18 months from the closing of the Offering at a price of C$4.00, subject to adjustment in certain circumstances.

The net proceeds received from the Offering will be used to advance the Corporation’s Windfall Project as well as for working capital and general corporate purposes. The Offering was led by Canaccord Genuity Corp., on behalf of a syndicate of underwriters that included BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Eight Capital, and Haywood Securities Inc.
All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date hereof. The Offering is subject to final acceptance of the Toronto Stock Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

The following “insiders” of the Corporation have subscribed for Units under the Offering:

TableII

Each subscription by an “insider” is considered to be a “related party transaction” for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Corporation did not file a material change report more than 21 days before the expected closing date of the Offering as the details of the Offering and the participation therein
by each “related party” of the Corporation were not settled until shortly prior to the closing of the Offering, and the Corporation wished to close the Offering on an expedited basis for sound business reasons. The Corporation is relying on exemptions from the formal valuation and
minority shareholder approval requirements available under MI 61-101. The Corporation is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on section 5.5(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested
parties, is not more than the 25% of the Corporation’s market capitalization. Additionally, the Corporation is exempt from minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25% of the Corporation’s market capitalization.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and
holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,400 square kilometres).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the
use of proceeds of the Offering, the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the Toronto Stock Exchange and any other information herein that is not a historical fact may be “forward-looking information”. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to
identify forward- looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to capital markets; the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the
results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non- governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

For further information please contact:
John Burzynski
Chief Executive Officer
Telephone (416) 363-8653

OSISKO MINING CORPORATE UPDATE

Posted on February 22, 2023November 8, 2023 by lboivin

(Toronto, February 22, 2023) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) provides the following corporate update.

The Corporation continues to advance work on the Windfall project and surrounding properties, with 15 rigs in total active underground and at surface, performing a combination of infill and exploratory drilling. Detailed engineering has commenced for the planned Windfall operations with the objective of optimizing design and capital expenditures.

The exploration ramp is currently at 640 metres vertical depth, and over 13 kilometres length underground. Nine drills are active on the exploration ramp, and the advance towards the fourth bulk sample (the 800 metre level Lynx 4 sample) is planned to resume in H2 2023.

Osisko is also working towards the conclusion of the definitive agreement with Miyuukaa Corp. (“Miyuukaa”), a wholly-owned corporation of the Cree First Nation of Waswanipi (“CFNW”), with respect to the construction of proposed transmission facilities and the transport of hydroelectric power to the Windfall project. The Kuikuhaacheu transmission line from the Waswanipi substation to Windfall is located 100% on CFNW traditional lands covered by the James Bay Northern Québec Agreement. Finalization of the definitive agreement is expected before the end of this month.

The Corporation remains on schedule to submit its Environmental Impact Assessment report for Windfall (“EIA”) to the Environmental and Social Impact Review Committee (“COMEX”) in Q1 2023. The Corporation also anticipates finalizing the Impact and Benefit Agreement with the Cree First Nation of Waswanipi and the Cree Nation Government before year end 2023.

The Corporation has also begun to receive pre-ordered mill components at the port of Bécancour, Québec. Equipment is being kept in a dry and heated storage facility until required at the Windfall site.

Having completed its Feasibility Study, Osisko has begun the process of reviewing its financing options for the Windfall mine, including ongoing discussions with potential lenders and other strategic alternatives, which may include public and private debt facilities, strategic alliances, partnerships, joint ventures, and other strategic alternatives. Osisko will only provide updates on any such alternatives that advance to the point of requiring disclosure. There can be no assurances that any such arrangements can be agreed on terms acceptable to Osisko.

The recently announced “bought-deal” private placement financing (please see Osisko news release dated February 6^th, 2023) is expected to close on February 28^th.

Qualified Person

About the Windfall Gold Deposit

The Windfall gold deposit is located between Val-d’Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource estimate on Windfall (with an effective date of June 7, 2022 ) (the “Windfall Resource Estimate”) and the mineral reserve estimate on Windfall (with an effective date of November 25, 2022) (the “Windfall Reserve Estimate”) are described in the technical report entitled “Feasibility Study for the Windfall Project, Eeyou Istchee James Bay, Québec, Canada” (the “FS Technical Report”) and dated January 10, 2023 (with an effective date of November 25, 2022). The Windfall Resource Estimate, assuming a cut-off grade of 3.50 g/t Au, comprises 811,000 tonnes at 11.4 g/t Au (297,000 ounces) in the measured mineral resource category, 10,250,000 tonnes at 11.4 g/t Au (3,754,000 ounces) in the indicated mineral resource category and 12,287,000 tonnes at 8.4 g/t Au (3,337,000 ounces) in the inferred mineral resource category. The Windfall Mineral Reserve, assuming 3.5 g/t operating, 2.5 g/t incremental, and 1.7 g/t development cut-off grade, comprises 12,183,000 tonnes at 8.06 g/t Au (3,159,000 ounces) in the probable mineral reserves category. The key assumptions, parameters, limitations and methods used in the Feasibility Study for Windfall, including the related Windfall Resource Estimate and Windfall Reserve Estimate, are described in a technical report (the “FS Technical Report”), which was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The FS Technical Report is available on SEDAR (www.sedar.com) under Osisko’s issuer profile. The Windfall gold deposit is currently one of the highest-grade resource-stage gold projects in Canada and has world-class scale. Mineralization occurs in three principal areas: Lynx, Main, and Underdog. Mineralization is generally comprised of sub-vertical lenses following intrusive porphyry contacts plunging to the northeast. The resources are defined from surface to a depth of 1,600 metres, including the Triple 8 (TP8) zone. The reserves are defined from surface to a depth of 1,100 metres. The deposit remains open along strike and at depth. Mineralization has been identified at surface in some areas and as deep as 2,625 metres in others with significant potential to extend mineralization down-plunge and at depth.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d’Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding the Urban Barry area and nearby Quévillon area (over 2,300 square kilometres).

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains the forward-looking information pertaining to, among other things: the ; the amount and type of drilling to be completed and the timing to complete such drilling; the focus of the remaining infill drilling; the trend of grade increase; the proposed exploration and development works; the entering into and performance of the power line agreement, completion of the proposed environmental assessment, identification, negotiation and entering into of any strategic transaction to assist in the construction of the Windfall project, the Windfall gold deposit being one of the highest-grade resource-stage gold projects in Canada and having world-class scale; the key assumptions, parameters and methods used to estimate the mineral resource estimate disclosed in this news release; the prospects, if any, of the Windfall gold deposit; ; future drilling at the Windfall gold deposit. Such factors include, among others, the ability of Osisko to complete further exploration activities, including (infill) drilling; the ability to complete development activities described herein; risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management’s geological modelling; the ability of the Corporation to complete materials, file and to obtain required approvals; risks related to the negotiation and entering into of the power line agreement; the results of exploration activities; risks related to the identification, negotiation with, and execution of any strategic transaction to support the development of the Windfall gold deposit; risks relating to mining activities; the global economic climate; metal prices; dilution; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

CONTACT INFORMATION:

John Burzynski
Chief Executive Officer
Telephone (416) 363-8653

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Author: lboivin