Osisko Metals Announces the Acquisition of Canadian Continental Exploration Properties and the Camel Back Deposit in the BMC

MONTREAL, QUEBEC--(Marketwired - Jan. 9, 2018) - Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX VENTURE:OM)(FRANKFURT:0B5) is pleased to announce that it has signed a definitive agreement with Canadian Continental Exploration Corporation ("CCEC") to acquire 27 mineral claims (the "CCEC Properties") in the Bathurst Mining Camp (the "BMC"). The individual mineral claims comprising the CCEC Properties consist of 4 to 48 claim units totalling 320 claim units or 6,976 hectares. The Properties cover 27 distinct coincident gravity and electromagnetic geophysical anomalies located over a wide area and in a variety of geological settings throughout the BMC. CCEC selected these anomalies last year based on compilation of publicly available geophysical data from recent airborne surveys. CCEC drill-tested three anomalies with six holes, two of which encountered pyrrhotite and chalcopyrite mineralization typical of stockworks that underlie most of the massive sulphide bodies in the BMC. Osisko Metals will test all of these anomalies in 2018 with roaming drills that will be added to the existing three drills defining resources around known deposits.

In addition, Osisko Metals has agreed to acquire the Camel Back Deposit ("CBD") from a single vendor ("The Vendor") in the BMC. The CBD is located roughly 11 km northeast of the Mount Fronsac North deposit that was acquired by Osisko Metals in July 2017 (see NR dated July 6, 2017). The CBD is situated at the equivalent stratigraphic setting as the Mount Fronsac North massive sulfide deposit and the property containing the CBD consists of one claim block comprised of five claims units covering approximately 109 hectares. The CBD, discovered in 1996, is described as "A small (~ 200,000 tonnes) moderate grade (5-7 % Zn + Pb) volcanogenic massive sulphide deposit with mineralization confined to two steeply dipping lenses that average approximately 4 metres in thickness. Each lens is zoned, with an upper part consisting mainly of pyrite and a basal part containing pyrite, sphalerite, and galena. Oxide facies iron formation is spatially associated with the massive sulfides, and has been traced up to 1,800 metres along strike.