Agreement Entered For Metals Stream On Trixie Test Mine

MONTRÉAL - Osisko Gold Royalties Ltd has entered into a binding agreement with Tintic Consolidated Metals LLC (TCM), with respect to the metals stream (the “Stream”) on the Trixie test mine, as well as mineral claims covering more than 17,000 acres in Central Utah’s historic Tintic Mining District.

The near term plan is to initiate underground and at surface drilling while it continues exploration development and processing of the mineralized material at the Trixie Mine. Drilling is targeting support for preparation of an initial resource statement pursuant to National Instrument 43-101 over the next twelve months. Concurrently, ODV will complete advanced technical studies on the Tintic Property to generate additional surface and underground targets, conduct metallurgical testing, geotechnical work and environmental studies to justify further development as well as increase production through a low-capital expenditure expansion.