Osisko Announces Record 2017 Gold Equivalent Ounces

MONTREAL, QUEBEC--(Marketwired - Jan. 18, 2018) - Osisko Gold Royalties Ltd (the "Company" or "Osisko") (TSX:OR)(NYSE:OR) is pleased to announce its preliminary 2017 gold equivalent ounces ("GEOs")¹.

Record Gold Equivalent Ounces Earned in 2017

The Company's portfolio of royalties, streams and other interests delivered a record number of GEOs during the fourth quarter and for 2017. The Company received 58,933 GEOs in 2017, an increase of 54% compared to the 2016 results. The GEOs earned in the fourth quarter totaled 20,990 ounces, establishing a new quarterly record and 26% higher than the third quarter of 2017.

GEOs earned by product
	For the three months ended December 31,			For the twelve months ended December 31,
	2017	2016		2017	2016
Gold	13,632	8,850		45,200	37,813
Silver	4,020	114		8,045	457
Diamonds	2,927	-		4,887	-
Other	411	-		801	-
Total GEOs	20,990	8,964		58,933	38,270

The increase is attributable to the additional producing assets acquired as part of the transformative $1.125 billion Orion transaction, which closed on July 31, 2017, and the Gibraltar silver streaming agreement completed in February 2017.