Osisko Releases Inaugural ESG Report and Files Management Information Circular - Seite 2

The Corporation’s ESG report covers the 2020 period as well as providing context on Osisko’s historical activities. It is available on www.osiskogr.com.

Partnering to Reduce Greenhouse Gas (“GHG”) Emissions

Osisko is also proud to announce a strategic partnership with Carbon Streaming to help promote global decarbonization and biodiversity projects. The group’s management team consists of seasoned executives with significant streaming expertise and recognized climate change experts. Carbon Streaming’s business model is to fund carbon-offset projects that avoid, reduce or remove GHG emissions globally.

Osisko’s investment totaled C$3.5 million for a 14.3% partially diluted stake in the company, which has been able to raise approximately C$36 million privately. The investment affords Osisko a 20% right to participate in any streaming transactions conducted by Carbon Streaming under certain circumstances.

Beyond the potential to offset the Corporation’s indirect carbon emissions, Osisko expects potential synergies with current and future mine operators in its traditional royalty business. Mining operations afford significant opportunities to generate carbon credits through ancillary projects that are value enhancing for the mine, the neighboring communities (through employment and conservation) and the environment overall.

United Nations Global Compact

As part of its broader ESG initiative, Osisko is proud to have joined the UN Global Compact. It is the world’s largest voluntary corporate sustainability initiative, with over 12,500 participants across 160 countries. The UN Global Compact is based on ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. By signing onto the initiative, Osisko has committed to align with these principles, intended to promote and strengthen responsible corporate policies and practices worldwide. As part of our commitment, Osisko will release an annual Communication on Progress that outlines the Corporation’s efforts to operate responsibly and implement the Ten Principles.

Management Information Circular

Osisko has filed its Management Information Circular for its upcoming Annual Meeting of Shareholders to be held, virtually, on May 12, 2021 at 3:30 pm (EDT).

Shareholders will be asked to elect the Corporation’s directors for the ensuing year, appoint PricewaterhouseCoopers as independent auditor, adopt an ordinary resolution to approve all unallocated rights and entitlements under the Corporation’s Employee Share Purchase Plan, adopt an ordinary resolution to approve amendments under the Restated Restricted Share Unit Plan and approve the unallocated rights and entitlements under said plan, and adopt an advisory resolution supporting Osisko’s approach on executive compensation.