Osisko Gold Royalties Corporate Update

MONTREAL, Dec. 04, 2019 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (TSX & NYSE: OR) ("Osisko" or the "Company") announces that Bryan A. Coates will step down as President of the Company effective December 31, 2019 and Sandeep Singh will be appointed President of the Company.

Bryan Coates stepping down as President

Mr. Coates will step down as President of the Company effective December 31, 2019. Mr. Coates has been an important player in the Canadian mining business, and a key contributor in the development of significant mining operations in the province of Québec. Mr. Coates has been President of Osisko since June 2014, a period of exceptional growth for Osisko from a single asset company with a market capitalization of $575 million to a major industry player with a North American focused portfolio of over 135 royalties, streams and precious metal offtakes, and a market capitalization of approximately $1.9 billion. Previously, Mr. Coates was Vice-President, Finance and Chief Financial Officer of Osisko Mining Corporation from 2007 to 2014, as a core part of the team that built the world-class Canadian Malartic Mine. Before joining Osisko, he held senior finance positions at a number of other mining companies.

While stepping down as President of the Company, Mr. Coates will continue to serve Osisko as an advisor for Québec affairs and Québec government relations, and to complete work on specific projects.

Sean Roosen, Chair and CEO noted, "Bryan has been part of the fabric of Osisko since 2007, and has helped the team define, permit, finance, build and operate one of the biggest and best gold mines in Canada. After the sale of Osisko Mining Corporation, his leadership helped build a royalty and streaming platform that has tripled in size in just five years. As a trusted advisor, he will continue to work with us on important Québec projects including Falco and Stornoway and will undoubtedly continue to impact the broader mining sector in many positive ways."

Appointment of Mr. Sandeep Singh as President

Mr. Singh will join the Company as the new President effective December 31, 2019, leaving his role as Managing Partner of Maxit Capital ("Maxit"), a leading financial advisor to the mining sector and a long-time advisor to Osisko.

Mr. Roosen commented: "The addition of Sandeep to our leadership team is an exciting development at Osisko. Sandeep has been our trusted financial advisor for well over a decade, including when we formed Osisko Gold Royalties and is well known and respected within our industry, by our Board, our management team and our stakeholders. A bilingual native of Québec, he has a vision for value creation and profitable, disciplined growth and will continue to help Osisko build our portfolio of assets."