Osisko Gold Royalties Ltd and Barolo Ventures Corp. Provide Transaction Updates on Previously-announced Spin-out Transaction - Seite 2

In addition, the requisite number of Barolo Shareholders approved the Consolidation by way of a written resolution on October 27, 2020.

Other Transaction Updates

Earlier today, the Name Change and Consolidation were completed, and the Form 3D2 (Information Required in a Filing Statement for a Reverse Takeover or Change of Business) of Barolo dated November 20, 2020 (the "Filing Statement") was filed on SEDAR (www.sedar.com). Please refer to the Filing Statement for full particulars of the RTO, which is available on SEDAR (www.sedar.com) under the issuer profile of Osisko Development Corp. (formerly Barolo Ventures Corp.).

Having received conditional approval of the TSX-V of the RTO, approval of the Barolo Shareholders of the matters described above, and with the implementation of the Name Change and Consolidation now complete, the RTO is expected to close on or about November 25, 2020, and the Resulting Issuer's shares are expected to commence trading on the TSX-V under the symbol "ODV" on or about December 2, 2020.

About Osisko Gold Royalties Ltd

Osisko Royalties is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko Royalties holds a North American focused portfolio of over 135 royalties, streams and precious metal offtakes. Osisko Royalties' portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.

Osisko Royalties' head office is located at 1100 Avenue des Canadiens-de Montréal, Suite 300, Montréal, Québec, Canada, H3B 2S2.

For further information, please contact Osisko Gold Royalties Ltd:

Sandeep Singh, President
Telephone: [phone]
Email: [e-mail]

About Barolo Ventures Corp.

Barolo is a public company organized under the laws of the Province of British Columbia, whose shares are listed for trading on the NEX. Barolo was previously engaged in the acquisition, exploration and development of mineral properties in Canada and the United States, but currently does not have an active business, and is investigating new business opportunities.

Barolo's head office is located at 609 Granville Street, Suite 1600, Vancouver, British Columbia, Canada, V7Y 1C3.

For further information, please contact Barolo Ventures Corp.:

Scott Ackerman
Director, President, CEO, CFO and Secretary
Telephone: [phone]
Email: [e-mail]