Osisko Metals Announces 50,000 Metre Drill Program at Pine Point and Outlines Exploration and Development Program

MONTREAL, QUEBEC--(Marketwired - Feb. 26, 2018) - Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX VENTURE:OM)(FRANKFURT:0B5) is pleased to announce that a 50,000-metre drill program has started at Pine Point, which the Company will fund from its cash balance.

Jeff Hussey, President and CEO, commented: "The Pine Point transaction has closed and it represents an important step for Osisko Metals as we initiate rapid development plans in one of Canada's once most profitable former producing zinc mining camps. We are planning an aggressive exploration program to confirm, upgrade and expand the portfolio of over 40 historical deposits. Shallow mineralization will allow us to rapidly convert the historical resources into NI43-101 compliant Mineral Resource Estimates and incorporate them into economic studies. Drilling has commenced at Pine Point with detailed planning of an estimated 50,000 metre program in 2018 that is focused on the above-stated objectives. The ongoing 50,000 metre drill program in the Bathurst Mining Camp will continue concurrently and the combined programs are expected to total 100,000 metres of drilling in two premiere zinc mining camps. Our national drilling campaign is one of the largest base metal exploration programs in our junior mining peer group".

In early February, three drill rigs were mobilized to the Pine Point project and began drilling high priority targets that have poor summer access. The winter drilling will continue over approximately the next five weeks before temporarily stopping for spring break-up. Drilling is expected to resume by May 2018.

The exploration program at Pine Point will also include an airborne geophysical survey planned for Q2/18 including detailed gravity gradiometry and total field magnetics. The favourable carbonate horizon is approximately 200 to 300 metres thick where the majority of the historic drilling targeted zinc-lead mineralization in the upper third of this favorable stratigraphy. Mineralization at Pine Point was characteristically unresponsive to historical geophysical surveys limiting previous exploration programs. Gravity gradiometry, unavailable during the time of these historical surveys, is the only type of geophysical tool that will identify potential targets below or adjacent to the historical deposits. The detailed airborne magnetic survey will be used to map regional faults which are commonly associated to mineralizing conduits. Coincident gravity anomalies located along faults or especially at fault intersections would be high priority drill targets.