Osisko Metals Completes Acquisition of Pine Point - Seite 2

With the Arrangement now complete, Osisko Metals intends to cause the common shares of Pine Point to be delisted from the TSX Venture Exchange and Osisko Metals will apply to the applicable securities regulators to have Pine Point cease to be a reporting issuer and to terminate public reporting obligations.

Each of the former directors and officers of Pine Point tendered their resignation effective upon the completion of the Arrangement, and the following individuals have joined Pine Point effective upon the completion of the Arrangement: Robert Wares (Chairman, Director), Jeff Hussey (President, Chief Executive Officer and Director) and Paul Dumas (Chief Financial Officer, Corporate Secretary and Director).

Further details regarding the Arrangement are set out in the management information circular of Pine Point dated January 17, 2018, which is available on SEDAR under Pine Point's issuer profile at www.sedar.com.

About Osisko Metals Incorporated

Osisko Metals is a Canadian exploration and development company creating value in the base metal space with an emphasis on zinc mineral assets. To date, Osisko Metals has consolidated over 63,000 hectares in the historical world-class Bathurst Mining Camp, located in northern New Brunswick, in which it is focused on upgrading and expanding 6 historical deposits. As a result of completing the Arrangement, Osisko Metals has acquired Pine Point, and now holds a 100% interest in the historical Pine Point mining camp located in the Northwest Territories of Canada. Osisko Metals' strategy in both mining camps is to develop a multi-deposit asset base that could feed a central concentrator. In Québec, Osisko Metals owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration. In parallel, Osisko Metals is monitoring several base metal-oriented peers for projects and acquisition opportunities. Osisko Gold Royalties Ltd (TSX:OR)(NYSE:OR) and Osisko Mining Inc. (TSX:OSK) are significant shareholders of Osisko Metals.

For further information about Osisko Metals, visit www.osiskometals.com.

About Pine Point Mining Limited

Pine Point acquired a 100% interest in the Pine Point lead-zinc project in December 2016. Since that time, a positive Preliminary Economic Assessment (PEA) on the project showing a robust mining operation which, over a 13-year mine life, would have an after-tax net present value of C$210.5 million and internal rate of return of 34.5%, with a payback of 1.8 years. The study assumed a zinc price of US$1.10 per pound and a lead price of US$1.00 per pound, and used an exchange rate C$:US$ of 0.75. The Pine Point Technical Report is based on a mineral resource estimate for the Pine Point Project, which was prepared in accordance with NI 43-101 with an effective date of April 18, 2017.