Osisko Metals Signs Purchase Agreements to Acquire Strategic Claims Adjacent to the Mount Fronsac North Deposit - Seite 2

• Making a one-time payment by issuing 150,000 common shares of Osisko Metals to the Vendors on the closing of the Purchase Agreement; and
  
  

Additional Performance Payment as follows:

• Issue to the Seller an additional maximum amount of $999,999 payable in the equivalent value of Osisko Metals common shares valued at the 30-day VWAP prior to the event that the Purchaser achieves commercial production on the Properties with the Sellers being entitled to such percentage of this Performance Payment as is obtained by dividing the amount of Mineral Reserves existing on the Property (as set out in a Positive Feasibility Study) by the total Mineral Reserves contained within the adjacent claim blocks in which the Purchaser has an interest ;
  
  

The Vendors will retain a 0.6% Net Smelter Royalty (NSR) from the proceeds of any commercial production from the Properties.

The transaction is subject to TSX Venture approval.

About Mount Fronsac North

The Mount Fronsac North deposit contains a historical, non 43-101 compliant, unclassified resource of 1.26 million tonnes grading 7.65 % Zn, 2.18 % Pb, 0.14% Cu, 40.3 g/t Ag, and 0.40 g/t Au. This high grade zone is hosted within 14 million tonnes of low-grade, semi-massive (>60%) to locally massive sulfides that occur in an envelope of quartz-sericite ± chlorite schist.

The high grade deposit has a north-south strike length of 525 metres and a down dip length of 600 metres. Thickness varies between 2 to 20 metres. The alteration and disseminated mineralization halo has a maximum thickness of 140 metres and contains up to 50 percent fine to coarse-grained disseminated pyrite. The pyritic envelope is 900 metres long and extends down dip over 1,000 metres. Massive sulfides are found throughout this alteration envelope, but preferentially occur at or near the upper contact.

Qualified Person

Gary Woods is a Professional Geologist registered in New Brunswick and the Senior Exploration Manager for Osisko Metals Incorporated, he is the Qualified Person responsible for the technical data reported in this news release.

About Osisko Metals

Osisko Metals is a Canadian exploration and development company creating value in the base metal space with an emphasis on zinc. In 2017, the Company acquired over 50,000 hectares in the Bathurst Mining Camp ("BMC"). The objective is to develop a multi-deposit asset base that could feed a central concentrator. In parallel, Osisko Metals is monitoring several base metal oriented peers for projects and acquisition opportunities. In Québec, the Company acquired 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration. Osisko Gold Royalties Ltd. (TSX:or)(NYSE:OR) and Osisko Mining Inc. (TSX:OSK) are significant shareholders of the Company.