Osisko Mining Boosts Private Placement To $80-Million

Mr. John Burzynski reports

Osisko Mining Announces $30 Million Increase To Previously Announced Bought Deal Private Placement

Osisko Mining Inc. has amended its agreement with Canaccord Genuity Corp., on behalf of a syndicate of underwriters, in relation to its previously announced two-tranche bought deal private placement of 7,402,000 common shares of the corporation that will qualify as flow-through shares (within the meaning of Subsection 66 (15) of the Income Tax Act (Canada)) for aggregate gross proceeds of $50,008,950. The offering has been amended to include an additional 7,143,000 common shares of the corporation at a price of $4.20 per common share for additional gross proceeds of $30,000,600. The terms of the previously announced two-tranche private placement financing of flow-through shares remain unchanged. 

In addition, the underwriters will have the option, exercisable in whole or in part at any time prior to the closing of the offering, to increase the size of the offering of the common shares by up to an additional 1,071,450 common shares. 

The offering is expected to close on or about Oct. 5, 2017, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities. The offering is being made by way of private placement in Canada. The securities will not be offered or sold in the United States. The securities issued under the offering will be subject to a hold period expiring four months and one day from the closing date of the offering.

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-per-cent interest in the high-grade Windfall Lake gold deposit located between Val dOr and Chibougamau in Quebec and holds a 100-per-cent undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100-per-cent interest in the Marban project located in the heart of Quebecs prolific Abitibi gold mining district, and properties in the Larder Lake mining division in Northeastern Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past-producing mine, and the Gold Pike mine property. The corporation also holds interests and options in a number of additional properties in Northern Quebec and Ontario. Osisko continues to be well financed with approximately $190-million in cash and investments.
 

Osisko Increases Drill Program At Windfall To 800,000 Metres

Expanded Exploration and Continued Infill Drilling Program Planned for 2018

(Toronto, August 28, 2017)  Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to announce it is increasing the scale of the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Abitibi, Québec.  Osisko plans to add 400,000 metres of drilling to the current drill program, for a global total of 800,000 metres.  The current drill program will be completed within two months, with 24 drills active on site producing approximately 40,000 metres per month.

The expanded work program will continue to focus on infill drilling of existing mineralized zones and exploring the new discoveries and extensions in the immediate area of the Windfall and Lynx deposits.  New exploration drilling is also planned for 2018 in the northeast and southwest Windfall / Lynx trend and to explore the recently defined Bank Fault.

Osisko’s work on the Windfall Project commenced 22 months ago and has greatly advanced the understanding of the Windfall mineralized system. New drilling lead to a reinterpretation of the existing deposit and the discovery of significant new mineralized zones, including the Lynx deposit and the northeast extension of the Windfall deposit.  The Corporation continues to advance work on its initial resource estimate for the Windfall project which will also include a portion of the new Lynx deposit.  Osisko’s pending initial resource estimate will be based on the pre-existing data base and analyses of the initial 400,000 metres of drilling.

Windfall Project Highlights

  • Acquisition of the Windfall Project in August 2015, Osisko began drilling October 2015
  • Re-logging of approximately 180,000 metres of previously drilled core completed
  • Reinterpretation of Windfall as an intrusion-hosted gold system and a new type of mineralized deposit in the Abitibi Greenstone Belt
  • Completion of 330,000 metres of drilling in 22 months
  • Expansion of Zone 27, Caribou and Underdog zones
  • Discovery of the NE extension of Caribou zone
  • Discovery of the Lynx deposit
  • Discovery of the Bank Fault as controlling element of mineralized corridor
  • Extension of the known Windfall/Lynx mineralized system to its current strike length of over three kilometres
  • Discovery of Fox and Black Dog zones
  • Consolidation of over 3,300 square kilometres of claims in the Urban-Barry and Quévillon areas and acquisition of the Osborne-Bell deposit
  • Permitting and dewatering of existing exploration ramp on schedule, commencement of exploration ramp rehabilitation and preparation for advancing exploration ramp into Lynx and Windfall deposits
  • Project description filed
  • Camp expansion permitted and completed to accommodate 300 exploration and engineering personnel

President and Chief Executive Officer of Osisko John Burzynski commented: “We are greatly encouraged by the continued flow of solid results we are receiving from Windfall and Lynx.  Our exploration team has worked very hard over the past 22 months to advance the Windfall project, and have been successful in reinterpreting the geology and making a number of significant new discoveries.   While we have directed much of our drill work towards the resource update, we are equally focused on expansion and discovery.  Windfall is proving to be a well-endowed gold system, with the principal gold zones remaining open down plunge to the NE and at depth.  The Windfall project is growing towards what we believe will be world class status in an emerging new gold mining camp.  Our first 400,000 metres of drilling will be completed in October, on schedule. The exploration ramp is also on schedule, and we expect to begin advancing towards the Lynx and Windfall deposits in October.

Resource work is progressing on Zone 27, Caribou, Underdog and a portion of our Lynx discovery.  The initial resource estimate planned for the end of this year will most likely be moved back to the first quarter of 2018, as we are experiencing industry-wide delays in analytical sample turn-around times.  The drill program is currently over 200 holes in advance of our receipt of analytical results, slowing the work on the initial resource estimate.  Despite this delay we will continue to work as quickly as possible.  Through 2018 we will continue to explore the down-plunge and depth extensions of the known zones, as well as commence exploring for new zones of mineralization in the northeast – southwest Windfall / Lynx trend and the Bank Fault area.”

About the Windfall Lake Gold Deposit
The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748,000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled “Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada” with an effective date of April 28, 2015, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1,400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and 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% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Quebec and Ontario.  Osisko continues to be well financed with approximately $190 million in cash and investments.

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 Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the Windfall project growing towards “world class status” in an emerging new gold mining camp; the results of the current 400,000 metre drill program; the timing to complete the current 400,000 metre drill program; the expansion of the current drill program by 400,000 metres of drilling; the timing to complete the initial resource estimate for the Windfall deposit, if at all; the industry-wide delays vis-à-vis turn-around times for analytical samples; the scope of the initial resource estimate for the Windfall deposit, including the deposits to be included in such initial resource estimate; the basis of the initial resource estimate being pre-existing data and analysis of the current 400,000 metre drill program; the number of drills active on site and the approximate metres of drilling per month; the scope and focus of the expanded work program; exploration planned for 2018 in the northeast and southwest Windfall / Lynx trend and to explore the Bank Fault; the significance of new results from the ongoing drill program at the Windfall Lake gold project, including the reinterpretation of the existing deposit and the discovery of significant new mineralized zones; the type of drilling included in the current and expanded drill programs; the significance of new discoveries; the endowment of the Windfall gold system, including principal gold zones remaining open down plunge to the northeast and at depth; the status and advancement of the exploration ramp; potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; 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”, “managements 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 the 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 the ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including the current and expanded drill program; 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
President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Intersects 36.7 g/t Au Over 4.0 Metres At Windfall

High Grade Confirmed in Caribou Corridor Extension

New “Drake” Zone Discovered in the Mallard Corridor

(Toronto, August 24, 2017)  Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Abitibi, Québec. The current 400,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and in the adjacent Lynx deposit (located immediately NE of Windfall). Significant new analytical results from 24 intercepts in 17 drill holes and wedges focused on infill and expansion drilling in Lynx and the Underdog, Caribou, Zone 27 and Mallard corridors are presented below.

Highlights from the new results include: 36.7 g/t Au over 4.0 metres (35.4 g/t Au over 4.0 metres cut) in OSK-W-17-821-W1 in Underdog; 41.4 g/t Au over 2.4 metres (13.3 g/t Au over 2.4 metres) in OSK-W-17-918 in Lynx; 35.6 g/t Au over 2.4 metres in DDH OSK-W-17-907 in Lynx; 32.8 g/t Au over 2.1 metres (24.2 g/t Au over 2.1 metres cut) in OSK-W-16-769; and 16.6 g/t Au over 3.0 metres in OSK-W-17-936 in Caribou. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole Number From
(m)
To
(m)
Interval (m) Au (g/t)
uncut
Au (g/t) cut to 100 g/t Zone Corridor
OSK-W-16-769 298.0 300.1 2.1 32.8 24.1 CN2 Caribou Extn
including 299.6 300.1 0.5 137 100
OSK-W-17-821-W1 937.0 941.0 4.0 36.7 35.4 FW0 Underdog
including 938.0 939.0 1.0 105 100
  952.0 954.0 2.0 16.5   FW0 FW Underdog
including 953.0 954.0 1.0 32.6  
  1079.0 1084.0 5.0 4.63   FW1 HW Underdog
including 1082.0 1083.0 1.0 11.3  
OSK-W-17-838 488.7 490.7 2.0 7.31   Caribou Caribou
including 489.7 490.7 1.0 12.4  
  497.0 500.0 3.0 4.55   Caribou Caribou
including 498.0 499.0 1.0 10.8  
OSK-W-17-867 595.0 598.9 3.9 5.94   Caribou Caribou
  735.0 737.6 2.6 5.66   Caribou Caribou
including 735.9 736.9 1.0 12.6  
OSK-W-17-869 388.1 397.2 9.1 4.67   VNCR Lynx
OSK-W-17-870 353.0 356.0 3.0 3.45   Lynx 3 Lynx
OSK-W-17-884 77.0 80.0 3.0 6.88   Lynx 2 Lynx
including 77.0 77.5 0.5 26.0  
OSK-W-17-885 812.3 817.4 5.1 4.75   CS3 Caribou
including 812.3 813.0 0.7 11.1  
OSK-W-17-889 684.0 686.0 2.0 11.4   Wolf Caribou
including 684.0 685.5 1.5 15.2  
OSK-W-17-906 182.0 184.0 2.0 23.9   Lynx 1 Lynx
including 182.4 183.0 0.6 79.6  
OSK-W-17-907 853.3 855.7 2.4 35.6   Lynx 4 Lynx
including 853.7 854.7 1.0 83.1  
  861.0 863.0 2.0 6.19   Lynx 4 Lynx
including 861.0 862.1 1.1 10.3  
OSK-W-17-912 373.1 375.3 2.2 14.6   Lynx 2 Lynx
  408.0 410.0 2.0 19.8   Lynx 1 Lynx
including 408.4 409.1 0.7 55.2  
  415.0 417.8 2.8 6.65   Lynx 1 Lynx
including 416.5 416.8 0.3 59.2  
OSK-W-17-918 185.5 187.9 2.4 41.4 13.3 Lynx 1 Lynx
including 186.4 186.7 0.3 325 100
OSK-W-17-936 616.6 619.6 3.0 16.6   Caribou Caribou
including 616.6 617.6 1.0 38.3  
OSK-W-17-947 239.8 242.1 2.3 5.45   VNCR Lynx
including 241.2 242.1 0.9 8.87  
OSK-W-17-969 58.2 61.5 3.3 7.39   Drake Mallard
including 58.2 58.6 0.4 28.4  
  71.2 74.0 2.8 4.83   Drake Mallard
including 71.6 72.2 0.6 15.0  
OSK-W-17-1048 209.1 212.0 2.9 10.4   Lynx 2 Lynx
including 210.3 210.7 0.4 49.2  

Notes:

  1. True widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.
  2. Definitions: FW = foot wall; HW = hanging wall; SHR = shear zone.
Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Section
OSK-W-16-769 331 -64 923 452932 5435051 3175
OSK-W-17-821-W1 323 -59 1416 452738 5434475 2725
OSK-W-17-838 329 -65 528 453145 5434903 3275
OSK-W-17-867 315 -50 1029 452799 5434551 2825
OSK-W-17-869 132 -48 864 453229 5435374 3600
OSK-W-17-870 332 -50 411 453419 5434939 3550
OSK-W-17-884 333 -53 371 453211 5434984 3375
OSK-W-17-885 335 -67 1458 452864 5434496 2850
OSK-W-17-889 333 -57 786 452693 5434565 2725
OSK-W-17-906 331 -56 442 453349 5434938 3475
OSK-W-17-907 134 -51 1317 453216 5435343 3575
OSK-W-17-912 147 -48 570 453329 5435403 3675
OSK-W-17-918 335 -57 372 453386 5434956 3525
OSK-W-17-936 332 -56 822 452772 5434547 2775
OSK-W-17-947 330 -58 444 453373 5434898 3475
OSK-W-17-969 328 -48 324 452200 5434875 2425
OSK-W-17-1048 333 -52 303 453214 5434914 3350

 

Lynx Deposit

OSK-W-17-869 intersected 4.67 g/t Au over 9.1 metres in a sericitized rhyolite. Mineralization is composed of up to 5% disseminated pyrite associated with low core angle crustiform veins. The veins are in the Lynx 3 Zone 40 metres south-west of OSK-W-17-922 (3.89 g/t Au over 2.2 metres previously reported August 9, 2017).

OSK-W-17-870 intersected 3.45 g/t Au over 3.0 metres in a strongly sericitized and chloritized rhyolite. Mineralization is composed of local pyrite stringers and traces of disseminated pyrite. The intersection corresponds to the Lynx 3 Zone and is 80 metres north-east of OSK-W-17-802 (3.99 g/t Au over 2.6 metres previously reported April 11, 2017).

OSK-W-17-884 intersected 6.88 g/t Au over 3.0 metres (including 26.0 g/t Au over 0.5 metres). Mineralization is composed of local pyrite stringers hosted in a weakly silicified fragmental felsic intrusion. The intersection is 25 metres south-west of OSK-W-17-879 (52.8 g/t Au over 2.3 metres previously reported July 25, 2017) in the Lynx 2 Zone.

OSK-W-17-906 intersected 23.9 g/t Au over 2.0 metres (including 79.6 g/t Au over 0.6 metres) in the Lynx 1 Zone. Mineralization includes 30% pyrite and a 0.5 centimetre gold cluster associated with a dark quartz vein cross-cutting a strongly silicified felsic intrusion. The intersection is 25 metres south-west of OSK-W-17-800 (16.4 g/t Au over 2.4 metres previously reported April 25, 2017).

OSK-W-17-907 returned two intersections: 35.6 g/t Au over 2.4 metres (including 83.1 g/t Au over 1.0 metre) and 6.19 g/t Au over 2.0 metres (including 10.3 g/t Au over 1.1 metres). The first intersection is hosted in the andesite and the second intersection lies at the contact between the andesite and the rhyolite. The alteration is characterized by silica flooding and fuchsite. Mineralization is composed of up to 5% disseminated pyrite and 2% quartz-tourmaline veins. Both intersections are related to the Lynx 4 Zone, between OSK-W-17-827, 255 metres to the south-west, and OSK-W-17-816, 130 metres to the north-east (57.0 g/t Au over 2.7 metres and 11.7 g/t Au over 7.7 metres respectively reported July 25 and May 10, 2017).

OSK-W-17-912 returned one intersection in the Lynx 2 Zone 14.6 g/t Au over 2.2 metres and two intersections in the Lynx 1 Zone: 19.8 g/t Au over 2.0 metres (including 55.2 g/t Au over 0.7 metres) and 6.65 g/t Au over 2.8 metres (including 59.2 g/t Au over 0.3 metres). The mineralization in Lynx 2 lies at the contact between a gabbro and a felsic intrusion with pervasive silica flooding and 25% pyrite. It is 65 metres north-east of OSK-W-17-837 (97.4 g/t Au over 8.4 metres, previously reported May 30, 2017). The first intersection from Lynx 1 consist of 10% pyrite in a fragmental felsic intrusion with silica flooding; the second intersection consists of 20% pyrite within a pervasive silica flooding zone at the contact of a fragmental felsic intrusion with a gabbro. They are 50 metres north-east of OSK-W-17-837 (16.8 g/t Au over 5.4 metres previously reported May 24, 2017).

OSK-W-17-918 was previously reported on August 9, 2017, with a cut value of 13.3 g/t Au over 2.4 metres. Additional analysis was done on the samples greater than 100 g/t; the interval is now returning 41.4 g/t Au over 2.4 metres, uncut (including 325 g/t Au over 0.3 metres). The cut value remains unchanged. The mineralization consists of 5% pyrite tourmaline stringers and 2% disseminated pyrite associated with a quartz-carbonate crustiform vein and pervasive silica flooding within a rhyolite. This interval correlates to the Lynx 1 Zone and is 30 metres up dip of OSK-W-17-924 (9.12 g/t Au over 2.0 metres previously reported August 9, 2017).

OSK-W-17-947 intersected 5.45 g/t Au over 2.3 metres (including 8.87 g/t Au over 0.9 metres). Mineralization is a crustiform vein with 3% disseminated pyrite at the contact between a massive felsic volcanic and a fragmental felsic volcanic with chlorite alteration. This vein is 20 metres south of the Lynx 1 Zone, within the hanging wall (Lynx HW Zone).

OSK-W-17-1048 intersected 10.4 g/t Au over 2.9 metres (including 49.2 g/t Au over 0.4 metres) in the Lynx 2 Zone. Mineralization is composed of 1-5% pyrite-tourmaline stringers, with local 25% pyrite clusters associated with silica flooding within a rhyolite. It is 30 metres east of OSK-W-17-805 (12.4 g /t Au over 5.0 metres previously reported June 7, 2017).

Main Deposit

OSK-W-16-769 intersected 32.8 g/t Au over 2.1 metres, uncut, (including 137 g/t Au over 0.5 metres) or 24.1 g/t Au over 2.1 metres, cut. This intersection is related to the CN2 Zone within the Caribou Corridor Extension. Mineralization is composed of 25% pyrite stringers with quartz veins in a silicified and a sericitized rhyolite. It is 370 metres north-east of OBM-16-698 (4.49 g/t Au over 3.4 metres, previously reported August 25, 2016).

OSK-W-17-821-W1 returned three intersections in the Underdog Corridor: 36.7 g/t Au over 4.0 metres, uncut, (including 105 g/t Au over 1.0 metre, uncut) or 35.4 g/t Au over 4.0 metres, cut in FW0 Zone, 16.5 g/t Au over 2.0 metres (including 32.6 g/t Au over 1.0 metre) in FW0 FW Zone and 4.63 g/t Au over 5.0 metres (including 11.3 g/t Au over 1.0 metre) in FW1 HW Zone. Mineralization is composed of 2% disseminated pyrite, locally as stringers, within a sericitized and silicified fragmental felsic intrusion. The first intersection (FW0) is 60 metres south-west of OSW-K-17-780-W1 (5.97 g/t Au over 17.0 metres, previously reported April 11, 2017).

OSK-W-17-838 returned two intersections in the Caribou Corridor Extension: 7.31 g/t Au over 2.0 metres (including 12.4 g/t Au over 1.0 metre) and 4.55 g/t Au over 3.0 metres (including 10.8 g/t Au over 1.0 metre). Mineralization is composed of 3-6% disseminated pyrite, up to 2% pyrite stringers and up to 2% sphalerite stringers within a moderately silicified rhyolite. These intersections are 90 metres north-east of OSK-W-16-728 (14.7 g/t Au over 3.1 metres, cut, previously reported September 19, 2016). This intersection continues to infill the Caribou Corridor Extension which extends from the 2014 resource area, section 2825E, to section 3500E (OSK-W-17-787: 7.21 g/t Au over 6.5 metres previously reported March 22, 2017).

OSK-W-17-867 returned two intersections: 5.94 g/t Au over 3.9 metres and 5.66 g/t Au over 2.6 metres (including 12.6 g/t Au over 1.0 metre). Mineralization consists of trace to 10% disseminated pyrite and up to 5% pyrite-toumaline stringers at the contact between a porphyritic felsic dike and the andesite. The contact contains chlorite, sericite and carbonate alteration. The second interval is composed of 5-10% disseminated pyrite and traces of tourmaline stringer in a bleached andesite. These intersections are between the Wolf Zone and Zone 27 and the geometry is still to be determined.

OSK-W-17-885 intersected 4.75 g/t Au over 5.1 metres (including 11.1 g/t Au over 0.7 metres). Mineralization contains up to 15% disseminated pyrite clusters and 2-3% pyrite stringers within a weakly bleached andesite. The intersection extends the CS3 Zone 165 metres vertically below OSK-W-16-715 (22.6 g/t Au over 3.0 metres previously reported August 31, 2016).

OSK-W-17-889 intersected 11.4 g/t Au over 2.0 metres (including 15.2 g/t Au over 1.5 metres). Mineralization is composed of 5% pyrite-tourmaline stringers in a bleached andesite. This intersection in the Wolf Zone is 40 metres south-west of OSK-W-16-708-W1 (12.5 g/t Au over 3.8 metres previously reported August 31, 2016).

OSK-W-17-936 intersected 16.6 g/t Au over 3.0 metres (including 38.3 g/t Au over 1.0 metre). Mineralization consists of 7% pyrite stringers, 1% tourmaline-pyrite stringers, and 6% disseminated pyrite within the andesite. This intersection is related to the Wolf 2 FW and is 15 metres up dip from OSK-W-17-844 (5.30 g/t Au over 2.6 metres previously reported August 14, 2017).

OSK-W-17-969 returned two intersections in the Mallard Corridor: 7.39 g/t au over 3.3 metres (including 28.4 g/t au over 0.4 metres) and 4.83 g/t Au over 2.8 metres (including 15.0 g/t Au over 0.6 metres). These intersections represent a new sub-surface zone named Drake. The Drake Zone is located between Zone 27 and Mallard and appears to hold on to the same mineralization and alteration characteristic as Zone 27. The first intersection from Drake consists of strong silicate alteration in the andesite with up to 20% pyrite stringers, 5% disseminated pyrite and 1% pyrite-tourmaline stringers. The second intersection is composed of 15% semi-massive pyrite in pervasive silicate flooding, 5% disseminated pyrite and 8% pyrite-tourmaline stringers in a fragmental felsic intrusion.

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake 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 widths determinations are estimated at 65-80% of the reported core length intervals for most of the zones. 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 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec, Thunder Bay and Sudbury, Ontario or Vancouver, British Colombia or 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 an Aqua Regia-ICP-AES 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 Lake Gold Deposit
The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled “Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada” with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1.400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralization has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and 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% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Quebec and Ontario.  Osisko continues to be well financed with approximately $190 million in cash and investments.

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 Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the current 400,000 metre drill program; the significance of new results from the ongoing drill program at the Windfall Lake gold project; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling, expansion drilling to the NE of the main deposit and adjacent Lynx deposit, and exploration drilling on the greater deposit and Urban-Barry project area); high grade confirmed in Caribou Corridor Extension; potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; 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”, “managements 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 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 ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements 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. President and Chief Executive Officer
Telephone: (416) 363-8653

Osisko Intersects 1.12 g/t Au Over 59.3 Metres At Garrison

(Toronto, Aug 22, 2017).  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce new results from the ongoing drill program at its 100% owned Garrison gold project located in Garrison Township, Ontario.  Over 60,000 metres of new drilling have been conducted by Osisko on the Garrison Project to date.  A total of twelve new intercepts in twenty-two holes are reported in this release, with significant assay results presented in the table below.
Significant new results include: 583 g/t Au over 1.0 metre (30 g/t over 1.0 metre cut), 12.9 g/t Au over 2.0 metres and 14.6 g/t Au over 2.0 metres in OSK-G17-381;  1.12 g/t Au over 59.3 metres in OSK-G17-393; 1.20 g/t over 33.8 metres in OSK-G17-386; 7.82 g/t Au over 3.0 metres in OSK-G17-378; 1.04 g/t Au over 34.0 metres in OSK-G17-362;  and 1.13 g/t over 22.0 metres in OSK-G17-398.

The new results continue to demonstrate the potential to expand the extent of known mineralization in the 903 and Garrcon zones. The 2017 drill program will continue to explore extensions of the mineralized zones within the Garrcon, Jonpol and 903 zones.

Maps and sections showing hole locations and complete drilling results are available at www.osiskomining.com

Hole No. From (m) To (m) Interval (m) Au (g/t) uncut Au (g/t)         cut to
30 g/t
Zone
OSK-G17-362 33.0 67.0 34.0 1.04   903
OSK-G17-364 218.7 220.9 2.2 6.16   903
  237.7 241.4 3.7 3.97   903
OSK-G17-375 139.0 141.8 2.8 3.75   903
  243.3 245.4 2.1 5.05   903
  574.5 576.5 2.0 11.5   Garrcon
OSK-G17-378 289.0 292.0 3.0 7.82   903
OSK-G17-381 419.5 420.5 1.0 583 30 Garrcon
  450.0 452.0 2.0 12.9   Garrcon
  495.0 497.0 2.0 14.9   Garrcon
OSK-G17-386 25.5 27.4 1.9 5.19   Garrcon
  37.2 71.0 33.8 1.20   Garrcon
OSK-G17-393 28.0 87.3 59.3 1.12   Garrcon
OSK-G17-398 65.0 87.0 22.0 1.13   Garrcon

Notes:  True Widths are estimated at 65 – 90% of the reported core length interval. See “Quality Control” below.

Hole Number Azimuth (°) Dip (°) Length (m) UTM E UTM N Section
OSK-G17-325 333 -55 958 578363 5373850 1500W
OSK-G17-358 339 -45 351 577366 5373226 2650W
OSK-G17-360 340 -50 280 577584 5373359 2400W
OSK-G17-362 340 -47 195 577331 5373322 2650W
OSK-G17-364 340 -45 258 576738 5373051 3300W
OSK-G17-365 340 -45 345 577289 5373145 2750W
OSK-G17-366 338 -47 468 576770 5372955 3300W
OSK-G17-368 160 -45 642 577593 5373043 2500W
OSK-G17-369 340 -50 450 577165 5373047 2900W
OSK-G17-372 339 -55 460 577875 5373146 2200W
OSK-G17-373 337 -48 279 577712 5373299 2300W
OSK-G17-375 339 -46 660 577748 5373204 2300W
OSK-G17-376 337 -45 393 576695 5372870 3400W
OSK-G17-377 339 -45 480 577340 5373004 2750W
OSK-G17-378 340 -45 398 576585 5372885 3500W
OSK-G17-381 337 -60 707 578549 5373645 1400W
OSK-G17-384A 342 -46 408 576505 5372800 3600W
OSK-G17-385 283 -45 73 578547 5373843 1350W
OSK-G17-386 282 -60 141 578547 5373843 1350W
OSK-G17-393 279 -45 207 578583 5373885 1300W
OSK-G17-394 337 -49 414 577476 5373217 2550W
OSK-G17-398 280 -45 178 578591 5373906 1300W

OSK-G17-362 was completed in the central section of the 903 Zone to target the near surface extension. The hole intersected the main syenite body at the bedrock interface at a vertical depth of 23 metres showing moderate hematite alteration, quartz veining and disseminated pyrite. This near surface intersection averaged 1.04 g/t Au over 34.0 metres.

OSK-G17-364 and OSK-G17-378 were drilled to test the western strike extension of the 903 Zone. The holes were drilled 200 metres apart along strike and both holes intersected a similar highly altered band of metasediment showing significant deformation and hosted within ultramafic schist. Mineralization consists of disseminated pyrite along with significantly deformed quartz carbonate veining with hematite alteration. OSK-G17-364 cut two mineralized zones averaging 6.16 g/t Au over 2.2 metres and 3.97 g/t Au over 3.7 metres. OSK-G17-378 intersected 7.82 g/t Au over 3.0 metres.

OSK-G17-375 was drilled to test the eastern extensions of the 903 Zone at shallow depths as well as the western extension of the Garrcon Zone at depth. Within the 903 Zone the hole intersected quartz stringers along the contact of a narrow band of metasediment hosted within ultramafic schists, with 3-4% disseminated pyrite in the metasediment and fuchsite alteration in the ultramafic.  This zone returned 3.75 g/t Au over 2.8 metres and 5.05 g/t Au over 2.1 metres. Within the western extension of the Garrcon Zone the hole intersected a broad zone of iron carbonate altered and silicified metasediment characteristic of the main Garrcon Zone. Within the metasediment are several 1-2 cm wide quartz stringers carrying coarse pyrite and minor visible gold which returned 11.5 g/t Au over 2.0 metres, corresponding to previously reported OSK-G17-331 (10.9 g/t Au over 3.9 metres, March 15, 2017) 100 metres to the east.

OSK-G17-381 tested the Garrcon Zone below the existing resource along the footwall of the Destor Porcupine Fault Zone. The hole intersected the footwall metasediment as well as three mineralized intervals. The most significant interval was a weakly hematite altered zone of metasediment containing quartz fracturing with locally 2% pyrite including a quartz stringer running at low angle to the core axis containing coarse visible gold. This interval returned 583 g/t Au over 1 metre (30 g/t Au over 1 metre cut) where the coarse gold occurs, and correlates to previously reported from OSK-G17-346 which returned 45.0 g/t Au over 2.4 metres (April 12, 2017) 100 metres west which also contained coarse visible gold. OSK-G17-381 intersected two additional nearby intervals averaging 12.9 g/t Au over 2.0 metres and 14.9 g/t Au over 2.0 metres, also containing quartz stringers carrying pyrite within the metasediment. 

OSK-G17-386, 393, 398 were all short holes testing the extension of the mineralization that was extracted by the previous operator in 2014-2015 from the Garrcon bulk sample west pit. The three holes were drilled along 70 metres strike length with each of them intersecting a broad zone of highly altered metasediment. Mineralization within the west pit is associated with quartz veins from 1-10 cm and quartz carbonate breccias up to 30 cm. Pervasive iron carbonate alteration with locally strong hematite and sericite alteration is associated with the veining. Local visible gold occurs as 1-2mm flakes within quartz along with fine to medium grained pyrite in quartz and disseminated within the altered sections of metasediment. OSK-G17-386 intersected 5.19 g/t Au over 1.9 metres and 1.20 g/t Au over 33.8 metres; OSK-G17-393 intersected 1.12 g/t over 59.3 metres; and OSK-G17-398 intersected 1.13 g/t Au over 22.0 metres.

OSK-G17-325, -358, -360, -365, -366, -368, -369, -372, -373, -376, -377, -384A, -385, -394 did not intersect significant mineralization.

Qualified Person
The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Greg Matheson, P.Geo. Senior Project Manager of the Garrison 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
True widths of the new exploration intercepts reported in this press release have yet to be determined, but are  typically 65 – 90% of reported core lengths. Additional drilling is planned for the immediate area which will enable the true width determination. Assays are uncut except where indicated, and calculated intervals are reported over a minimum length of 2 metres using a lower cutoff of 1.0 g/t Au. All HQ core assays reported were obtained by either whole sample rock metallic screen/fire assay or standard 30 gram fire-assaying with ICP finish at SGS Minerals Services in Cochrane, Ontario. The whole sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold initial fire assay values greater than 4g/t. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.

About the Garrison Project
The Garrison Project area is comprised of 214 mineral claims, 25 mining leases, and 87 patent claims encompassing approximately 8,000 hectares.  Both Garrcon and Jonpol have resource estimates that are described in a technical report prepared in accordance with NI 43-101, which was completed by a previous operator Northern Gold Mining Inc. (entitled “Technical Report on the Golden Bear Project – Garrison Property: Larder Lake Mining Division, Garrison Township, Ontario, Canada”) dated December 30, 2013, with an effective date of December 30, 2013 (the “Garrison Technical Report”). The Garrison Technical Report was prepared by A.C.A. Howe International Limited for Northern Gold Mining Inc. (a wholly-owned subsidiary of Osisko) and is available on Osiskos website at www.osiskomining.com and on SEDAR under Northern Gold Mining Inc.s issuer profile at www.sedar.com.

Resource estimates were conducted by A.C.A. Howe International Limited according to CIM standards. The Garrcon Zone estimates showed 15.1 million tonnes with an average grade of 1.07 g/t Au (521,000 oz) in measured resources; 14.1 million tonnes averaging 1.16 g/t Au (526,000 oz) in indicated resources; and 1.7 million tonnes averaging 0.72 g/t Au (39,000 oz) in inferred resources. Potential underground resources of 5.1 million tonnes averaging 3.49 g/t Au (577,000 oz) in the inferred category were also outlined. Resources were reported at a cut-off grade of 0.4 g/t Au for open pit extraction and 1.5 g/t in a bulk underground mining scenario using a gold price of US$1,250/oz.

At the Jonpol Zone, resources were estimated as 0.87 million tonnes averaging 5.34 g/t Au (150,000 oz) in the indicated category; and 1.07 million tonnes averaging 5.56 g/t Au (192,000 oz) in inferred resources. Resources were reported at a cut-off grade of 3.0 g/t Au and assume an underground extraction scenario using a gold price of US$1,250/oz.

Readers are cautioned that inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher category. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Garrcon Zone
The Garrcon Zone has a shallow plunge eastward along the footwall of the Destor-Porcupine Fault Zone with the bulk of the resource in the western, more densely drilled area. The zone is exposed at surface and has potential for open pit bulk mining at an estimated overall stripping ratio of 1.8:1. There is potential for additional underground resources below the pit and along the easterly plunge of the zone, which is open for further exploration down dip and along strike.

The Garrcon shaft was sunk in 1935 and 1936 by the Consolidated Mining and Smelting Co. of Canada (“Cominco”) and the Shaft and South Zones were tested for high grade gold mineralization. Cominco drove approximately 1,430 metres of drifts and cross cuts, mining underground veins. Diamond drilling by Cominco and Lac Minerals Ltd. in the mid-to-late 1980s identified broad sections of low grade mineralization. In 2006-2007, ValGold Resources Ltd. conducted additional drilling confirming these zones. From 2009-2013 Northern Gold Mining Inc. conducted 97,000 metres of diamond drilling which delineated the current resource.

In 2014, Northern Gold Mining Inc. was granted a trial mining permit allowing the extraction of up to 150,000 tonnes. Northern Gold Mining Inc. mined 73,534 dry tonnes which was processed at the nearby Holt mill facility recovering 3,516 oz at an average head grade of 1.55 g/t and recovery of 95.9%. The trial production permit remains active.

Jonpol Zone
Jonpol is situated in the Munro Fault Zone, a west striking splay off the north side of the Destor-Porcupine Fault. Hosted in a shear zone tens of metres wide in altered mafic volcanic rocks, the deposit consists of four high grade gold mineralized zones (JP, JD, RP and East) over a strike length of 1.7 kilometers. Gold mineralization is hosted in quartz carbonate veins, in mafic and ultramafic host rocks, and is associated with intense albite and/or sericite alteration and pyrite mineralization.

In 1997, a 49,087 tonne bulk sample was extracted from the central part of the JP zone by Hillsborough Resources Limited with an average grade of 6.7 g/t which produced 9,476 ounces Au. From 1985-2013, over 130,000 metres of drilling was completed on the property by previous operators. Development work on the JP zone included the sinking of a 184 metre shaft as well as development of a ramp to the 150 metre level with mining on six sublevels. The Jonpol infrastructure underwent reclamation in the late 1990s and was closed out in 2001, but the existing ramp and shaft are preserved.

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% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Garrcon and Jonpol zones on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Ontario.  Osisko continues to be well financed and has approximately $190 million in cash and equity investment.

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 ongoing drill program at the Garrison gold project; results of the current drill program; the significance of new drill results reported in this press release; the ability of new drill results to demonstrate potential for expansion of the previously defined Garrcon, Jonpol and 903 mineralized zones at the Garrison project; the scope of the 2017 drill program; that the 2017 drill program will follow new extensions of these mineralized zones to further define the scale of mineralization at the Garrison project; potential mineralization; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities; the continuity or extension of any mineralization; 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”, “managements 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 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 ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests; 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, President and Chief Executive Officer
Telephone: (416) 363-8653