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Message: Osisko Intersects 56.1 g/t Au Over 8.9 Metres at Windfall

 

 
2018-01-25 08:00:26 AM ET (Marketwired)
   
   

New Bobcat Zone Returns 42.4 g/t Au over 3.3 Metres Near Surface

TORONTO, ONTARIO--(Marketwired - Jan. 25, 2018) - Osisko Mining Inc. (TSX:OSK)("Osisko" or the "Corporation") is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec. The 800,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and the adjacent Lynx deposit (located immediately NE of Windfall).

Significant new analytical results from 72 intercepts in 39 drill holes and 6 wedges focused on infill and expansion drilling in the Main Windfall lake deposit are presented below.

New "Bobcat Zone" with high-grades discovered near surface and at shallow depths

Continued high-grade infill and expansion from Underdog

New hit from Drake

Highlights from the new results include: 56.1 g/t Au over 8.9 metres in OSK-W-17-1336-W1; 218 g/t Au over 2.1 metres in OSK-W-17-1191; 160 g/t over 2.0 metres in OSK-W-17-1142-W1; 106 g/t Au over 3.0 metres in OSK-W-17-1305; 30.8 g/t over 9.9 metres in OSK-OBM-16-693; 83.5 g/t Au over 3.4 metres in OSK-W-17-780-W1; 128 g/t Au over 2.1 metres in OSK-W-17-1203; 58.8 g/t Au over 2.5 metres in OSK-W-17-1095; 72.8 g/t Au over 2.0 metres in OSK-W-17-1020; 42.4 g/t Au over 3.3 metres in OSK-W-17-1138; 52.8 g/t Au over 2.3 metres in OSK-W-17-1381; 26.2 g/t Au over 3.8 metres in OSK-W-17-1374; 41.9 g/t Au over 2.0 metres in OSK-W-17-1289; 14.1 g/t Au over 5.6 metres in OSK-W-17-1255; and 26.5 g/t Au over 2.1 metres in OSK-W-17-1142. Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole Number      From (m) To (m) Interval (m) Au (g/t) uncut Au (g/t) Zone             Corridor
                                                             cut to
                                                             100 g/t
OSK-OBM-16-630   518.2    521.0  2.8          4.82               FW3U HW          Underdog
OSK-OBM-16-693   654.1    664.0  9.9          30.8           22.2     FW3U HW          Underdog
including        654.1    656.0  1.9          80.0           45.5
including        658.1    661.9  3.8          37.4           32.1
OSK-W-16-747     936.9    939.3  2.4          6.96               FW3              Underdog
including        938.1    938.6  0.5          32.5            
OSK-W-17-780-W1  1343.8   1347.2 3.4          83.5           29.4     FW3 HW           Underdog
including        1346.6   1347.2 0.6          407            100
OSK-W-17-936-W1  776.0    778.0  2.0          3.65               Z27              Zone 27
including        777.2    778.0  0.8          8.07            
            785.0    787.7  2.7          4.03               Z27              Zone 27
including        787.0    787.7  0.7          7.71            
OSK-W-17-936-W2  671.1    673.3  2.2          11.1               Wolf HW          Wolf
OSK-W-17-968     102.0    109.4  7.4          4.02               Z27              Zone 27
including        107.4    109.4  2.0          7.77            
            118.0    122.3  4.3          11.2           10.5     QTV              Zone 27
including        122.0    122.3  0.3          109            100
OSK-W-17-989-W2  664.6    667.0  2.4          4.56               Wolf             Wolf
OSK-W-17-1020    271.5    273.5  2.0          72.8               Bobcat           Bobcat
including        272.0    273.5  1.5          96.9            
OSK-W-17-1095    88.2     90.7   2.5          58.8           52.9     Z27              Zone 27
including        88.6     89.7   1.1          114            100
OSK-W-17-1125    427.0    429.0  2.0          6.80               Vein             Caribou
including        427.0    428.0  1.0          13.5            
            616.0    618.0  2.0          3.87               SHR              Caribou
including        617.2    618.0  0.8          9.35            
OSK-W-17-1138    11.0     14.3   3.3          42.4               Bobcat           Bobcat
including        13.0     14.3   1.3          98.1            
            21.0     24.0   3.0          3.28               Bobcat           Bobcat
OSK-W-17-1139    148.0    150.2  2.2          4.29               Vein              
            157.5    160.1  2.6          4.53               Vein              
including        159.5    160.1  0.6          9.21            
OSK-W-17-1140    781.2    783.3  2.1          7.07               Caribou Ext.     Caribou
including        783.0    783.3  0.3          48.8            
OSK-W-17-1142    13.1     15.2   2.1          26.5               CW4              Caribou
including        14.0     14.6   0.6          84.5            
OSK-W-17-1142-W1 370.0    372.0  2.0          160                Vein             Drake
including        370.5    371.5  1.0          320             
OSK-W-17-1178    78.0     80.1   2.1          5.89               Bobcat           Bobcat
including        79.5     80.1   0.6          17.5            
OSK-W-17-1191    235.4    237.5  2.1          218            34.6     Z27 FW           Zone 27
including        236.8    237.5  0.7          650            100
OSK-W-17-1203    27.9     30.0   2.1          128            42.9     Z27              Zone 27
including        27.9     28.8   0.9          298            100
OSK-W-17-1218    27.0     29.0   2.0          3.99               VNCR             Bobcat
            189.0    191.5  2.5          4.46               Bobcat           Bobcat
OSK-W-17-1251    24.0     27.0   3.0          8.89               Bobcat           Bobcat
including        24.0     25.0   1.0          21.0            
            55.0     59.0   4.0          3.86               Bobcat           Bobcat
including        55.0     56.0   1.0          12.3            
            192.0    195.0  3.0          4.11               VNCR             Bobcat
including        193.4    193.7  0.3          40.2            
OSK-W-17-1255    156.0    161.6  5.6          14.1               Bobcat           Bobcat
including        156.6    159.5  2.9          21.1            
OSK-W-17-1273    54.9     57.0   2.1          4.05               Z27 HW           Zone 27
including        54.9     55.4   0.5          14.3            
OSK-W-17-1280    369.8    372.7  2.9          3.19               Caribou Ext.     Caribou
OSK-W-17-1288    749.0    751.0  2.0          4.41               Caribou Ext.     Caribou
OSK-W-17-1289    343.0    345.0  2.0          41.9               QTV              Mallard
including        343.0    344.0  1.0          83.5            
OSK-W-17-1305    348.0    351.0  3.0          106            50.1     Vein             Caribou
including        349.5    351.0  1.5          211            100
OSK-W-17-1309    218.1    220.2  2.1          5.64               Z27 FW           Zone 27
including        218.1    218.8  0.7          16.5            
OSK-W-17-1313    425.1    427.3  2.2          5.46               Z27 FW           Zone 27
including        425.9    426.7  0.8          14.2            
            443.0    445.5  2.5          3.50               Z27 FW           Zone 27
            19.0     22.0   3.0          3.05               Vein             Caribou
OSK-W-17-1317    45.0     47.5   2.5          4.31               Z27 HW           Zone 27
            170.0    172.0  2.0          4.60               Z27              Zone 27
OSK-W-17-1336-W1 1064.1   1073.0 8.9          56.1           15.1     FW2              Underdog
including        1067.0   1070.1 3.1          151            33.7
OSK-W-17-1371    604.6    607.0  2.4          3.61               Caribou Ext.     Caribou
OSK-W-17-1374    312.6    315.0  2.4          4.27               Z27 HW           Zone 27
            324.5    328.3  3.8          26.2               Z27 HW           Zone 27
            721.0    723.7  2.7          3.09               FW3              Underdog
including        723.0    723.7  0.7          10.5            
OSK-W-17-1378    382.0    384.0  2.0          4.21               CS3              Caribou
            477.2    479.3  2.1          5.49               Wolf             Wolf
OSK-W-17-1381    111.5    113.8  2.3          16.7               Bobcat           Bobcat
including        112.5    112.9  0.4          94.6            
            653.0    655.3  2.3          52.8           13.2     Vein             Zone 27
including        654.2    654.5  0.3          404            100
OSK-W-17-1383    29.5     34.2   4.7          13.1               Bobcat           Bobcat
            83.0     87.0   4.0          4.01               Bobcat           Bobcat
            94.9     97.0   2.1          5.01               Bobcat           Bobcat
            102.0    104.1  2.1          5.33               Bobcat           Bobcat
including        103.1    104.1  1.0          10.5            
OSK-W-17-1385    734.7    737.2  2.5          8.40               Caribou Ext.     Caribou
including        735.9    736.6  0.7          28.6            
            741.6    745.3  3.7          5.04               Caribou Ext.     Caribou
including        744.3    745.3  1.0          13.0            
            820.5    824.0  3.5          6.64               Caribou Ext.     Caribou
including        820.5    821.1  0.6          26.2            
OSK-W-17-1388    368.6    371.0  2.4          11.9               CS1              Caribou
            697.0    699.2  2.2          4.59               Wolf FW          Wolf
OSK-W-17-1390    505.0    507.2  2.2          3.44               FW3              Underdog
OSK-W-17-1391    297.0    299.9  2.9          12.2               Bobcat           Bobcat
including        299.4    299.9  0.5          65.4            
OSK-W-17-1393    157.0    159.0  2.0          3.91               Bobcat           Bobcat
including        158.3    158.7  0.4          16.7            
OSK-W-17-1399    574.0    576.0  2.0          3.55               Caribou Ext.     Caribou
OSK-W-17-1400    325.6    328.0  2.4          4.05               Caribou corridor Caribou
OSK-W-17-1404    141.4    144.0  2.6          4.28               Bobcat           Bobcat
including        142.0    143.0  1.0          11.0            
            168.0    171.0  3.0          4.54               Bobcat           Bobcat
including        170.7    171.0  0.3          13.4            
            535.0    537.0  2.0          3.96               Caribou Ext.     Caribou
            539.7    543.0  3.3          4.33               Caribou Ext.     Caribou
            356.8    359.5  2.7          10.4               Caribou Ext.     Caribou
including        358.6    359.0  0.4          53.2            
OSK-W-17-1406    79.3     81.8   2.5          6.97               VNCR             Bobcat
including        79.7     80.0   0.3          47.7            
            248.5    250.9  2.4          3.47               Bobcat           Bobcat
            322.0    324.5  2.5          5.71               Bobcat           Bobcat
Notes:   
1.           True widths are estimated at 65 - 80% of the reported core length interval. See "Quality Control" below.
2.           Definitions: HW = Hanging Wall, FW = footwall, VNCR = Crustiform Vein, TBD = To be determined, Ext = extension.  
         
Hole Number      Azimuth  Dip      Length UTM E  UTM N   Section
                 (°) (°) (m)
OSK-OBM-16-630   329      -51      699    452252 5434614 2375
OSK-OBM-16-693   331      -54      861    452443 5434600 2525
OSK-W-16-747     331      -57      1050   452449 5434488 2475
OSK-W-17-780-W1  331      -60      1533   452929 5434374 2850
OSK-W-17-936-W1  332      -56      808    452773 5434547 2775
OSK-W-17-936-W2  332      -56      819    452773 5434547 2775
OSK-W-17-968     152      -51      201    451948 5434759 2175
OSK-W-17-989-W2  335      -56      743    452660 5434497 2675
OSK-W-17-1020    337      -54      312    453217 5434928 3350
OSK-W-17-1095    147      -50      147    451959 5434734 2175
OSK-W-17-1125    331      -58      975    452563 5434568 2625
OSK-W-17-1138    327      -51      402    452888 5434989 3100
OSK-W-17-1139    333      -56      1092   452473 5434470 2500
OSK-W-17-1140    336      -55      975    453006 5434522 2975
OSK-W-17-1142    324      -45      680    452202 5434628 2325
OSK-W-17-1142-W1 324      -45      699    452202 5434628 2325
OSK-W-17-1178    330      -63      411    452917 5435014 3150
OSK-W-17-1191    315      -69      255    452067 5434617 2200
OSK-W-17-1203    333      -53      372    452275 5434867 2500
OSK-W-17-1218    327      -62      405    453004 5435009 3225
OSK-W-17-1251    326      -60      372    452889 5434989 3100
OSK-W-17-1255    130      -65      276    452947 5435107 3225
OSK-W-17-1273    338      -66      225    452081 5434634 2225
OSK-W-17-1280    335      -57      467    452857 5434931 3050
OSK-W-17-1288    331      -56      912    452945 5434561 2950
OSK-W-17-1289    339      -61      375    452277 5434866 2500
OSK-W-17-1305    330      -54      888    452499 5434592 2575
OSK-W-17-1309    330      -69      237    452073 5434610 2200
OSK-W-17-1313    331      -51      876    452279 5434573 2375
OSK-W-17-1317    327      -65      274    452072 5434611 2200
OSK-W-17-1336-W1 335      -61      1335   452616 5434449 2600
OSK-W-17-1371    334      -69      981    453100 5434875 3225
OSK-W-17-1374    317      -59      873    452273 5434579 2375
OSK-W-17-1378    331      -56      741    452688 5434638 2750
OSK-W-17-1381    329      -63      723    453018 5434935 3200
OSK-W-17-1383    331      -63      597    452767 5434864 2925
OSK-W-17-1385    319      -49      906    453379 5434741 3400
OSK-W-17-1388    332      -57      762    452716 5434605 2775
OSK-W-17-1390    329      -47      657    451911 5434437 1975
OSK-W-17-1391    327      -62      663    452981 5434900 3150
OSK-W-17-1393    332      -62      573    452725 5434862 2900
OSK-W-17-1399    332      -61      1053   453411 5434870 3500
OSK-W-17-1400    332      -52      769    452310 5434408 2325
OSK-W-17-1404    335      -67      635    452854 5434823 3000
OSK-W-17-1406    334      -60      579    452911 5434879 3075

OSK-OBM-16-693 intersected 30.8 g/t Au over 9.9 metres in the Underdog Corridor. Mineralization is composed of up to 10% pyrite-silica flooding, up to 5% pyrite stringers, 3% disseminated pyrite, and local visible gold. The host rhyolite, in contact with a porphyritic felsic dike, is strongly silica and sericite altered.

OSK-W-17-780-W1 intersected 83.5 g/t Au over 3.4 metres in FW3 HW. Mineralization is composed of 4% pyrite stringers and smoky quartz veins within a strongly silica altered porphyritic felsic dike.

OSK-W-17-1020 intersected 72.8 g/t Au over 2.0 meters in the new Bobcat Zone. This zone is NE along strike and on top of the Caribou corridor. The two zones have parallel plunges to the North-East. Mineralization is composed of 1% disseminated pyrite and 2% of pyrite-silica flooding within a strongly sericitized rhyolite.

OSK-W-17-1095 intersected 58.8 g/t Au over 2.5 metres in Zone 27. Mineralization is composed of up to 5% pyrite with low angle silica flooding hosted in a strongly silicified and fuchsitized andesite.

OSK-W-17-1138 intersected 42.4 g/t Au over 3.3 metres in Bobcat. Mineralization is very near surface (starting 11 metres downhole) and is composed of 3% silica flooding, 1% disseminated pyrite and crustiform vein within a sericitized rhyolite.

OSK-W-17-1139 intersected two veins in a sheared andesite south of the main zone. Mineralization, 4.29 g/t Au over 2.2 metres and 4.53 g/t au over 2.6 metres, is composed of up to 4% disseminated pyrite within a chloritized andesite.

OSK-W-17-1142-W1 intersected 160 g/t Au over 2.0 metres providing a new hit for Drake. Mineralization is composed of up to 10% pyrite, local visible gold and electrum associated in quartz-carbonate veins. The bleached andesite is near the Red Dog contact.

OSK-W-17-1191 intersected 218 g/t Au over 2.1 metres in Zone 27. Mineralization is composed of 5% pyrite stringers and 3% pyrite fragments within a strongly sericitized and silicified andesite.

OSK-W-17-1203 intersected 128 g/t Au over 2.1 metres in Zone 27. Mineralization is composed of up to 20% pyrite, pyrite silica flooding and local visible gold within a strongly silicified rhyolite.

OSK-W-17-1251 intersected 8.89 g/t Au over 3.0 metres, 3.86 g/t Au over 4.0 metres and 4.11 g/t Au over 3.0 metres in Bobcat. The first interval is composed of up to 7% pyrite-silica flooding and 1% ptygmatic tourmaline veins within a strongly sericitized and silicified felsic porphyritic dike. The second interval is within a sericitized rhyolite and composed of up to 5% pyrite stringers and disseminated pyrite. The third interval is within a quartz crustiform vein.

OSK-W-17-1255 intersected 14.1 g/t Au over 5.6 metres in Bobcat. Mineralization is composed of up to 10% pyrite within a pyrite-silica flooding running at low core angle. The hosting gabbro is strongly altered in silica and sericite.

OSK-W-17-1289 intersected 41.9 g/t Au over 2.0 meters in Mallard. Mineralization is composed of 1% disseminated pyrite in quartz-tourmaline veins within a chloritized andesite.

OSK-W-17-1305 intersected 106 g/t Au over 3.0 metres in Caribou Corridor. Mineralization is composed of disseminated pyrite within quartz-carbonate veins hosted in a sericitized andesite.

OSK-W-17-1336-W1 intersected 56.1 g/t Au over 8.9 metres in Underdog Corridor. Mineralization is composed of local visible gold with up to 8% pyrite stringers, disseminated chalcopyrite and quartz-tourmaline veins within a silicified porphyritic felsic dike.

OSK-W-17-1381 intersected 16.7 g/t Au over 2.3 metres in Bobcat and 52.8 g/t Au over 2.3 metres in Zone 27. The first interval is composed of 2% pyrite stringers, 3% pyrite fragments and a 10 centimetres quartz-carbonate vein within a sericitized and silicified rhyolite. The second interval, is composed of 4% disseminated pyrite and local visible gold within a quartz-cabonate vein hosted in a chloritized andesite.

OSK-W-17-1383 intersected four intervals in Bobcat: 13.1 g/t Au over 4.7 metres, 4.01 g/t Au over 4.0 metres, 5.01 g/t Au over 2.1 metres and 5.33 g/t Au over 2.1 metres. Mineralization is composed of up to 5% pyrite stringers, 1% pyrite tourmaline stringers and up to 1% disseminated pyrite. The first interval is in a porphyritic felsic dike and the three others are in crustiform veins within a silicified rhyolite.

Zone 27 results also include 12 intercepts from 7 drill holes and one wedge. Mineralization is composed of up to 15% pyrite, disseminated or in stringers associated with quartz-tourmaline veins. Host rocks are rhyolites, andesites and felsic dikes.

Caribou results also include 18 intercepts from 12 drill holes. Mineralization is composed of up to 20% pyrite, usually in stringers, locally semi-massive, and quartz-tourmaline veins hosted in altered porphyritic felsic dikes, andesites and rhyolites.

Wolf results include 4 intercepts from 2 drill holes and 2 wedges. Mineralization is composed of up to 70% pyrite-silica flooding, up to 20% pyrite stringers, and ptygmatic tourmaline veins hosted in silicified, sericitized and fuchsitized andesite.

Underdog results also include 4 intercepts from 4 drill holes. Mineralization is composed of up to 20% pyrite, usually in stringers associated with trace quartz-tourmaline veins and hosted in porphyritic felsic dikes. Host dikes are strongly silica altered.

Bobcat results also include 11 intercepts from 7 drill holes. Mineralization is composed of up to 10% pyrite-silica flooding, up to 5% disseminated pyrite and crustiform quartz veins within chloritized, sericitized andesites, rhyolites and felsic dikes.

Qualified Person

The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Louis Grenier, M.Sc.A., P.Geo. (OGQ 800), Project Manager of the Windfall Lake gold project, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

Quality Control and Reporting Protocols

True widths determinations are estimated at 65-80% of the reported core length intervals for most of the zones. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val d'Or, Québec, Thunder Bay and Sudbury, Ontario or Vancouver, British Colombia or Bureau Veritas in Timmins, Ontario. The 1-kilogram screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. Selected samples are also analyzed for multi-elements, including silver, using an Aqua Regia-ICP-AES method at ALS Laboratories. Drill program design, Quality Assurance/Quality Control ("QA/QC") and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

About the Windfall Lake Gold Deposit

The Windfall Lake gold deposit is located between Val-d'Or and Chibougamau in the Abitibi region of Québec, Canada. The mineral resource defined by the previous operator comprises 2,762,000 tonnes at 8.42 g/t Au (748.000 ounces) in the indicated category and 3,512,000 tonnes at 7.62 g/t Au (860,000 ounces) in the inferred category (sourced from a technical report dated June 10, 2015 entitled "Preliminary Economic Assessment of the Windfall Lake Gold Property, Québec, Canada" with an effective date of April 28, 2015, prepared in accordance with NI 43-101). The Windfall Lake gold deposit is currently one of the highest grade resource-stage gold projects in Canada. The bulk of the mineralization occurs in the Main Zone, a southwest/northeast trending zone of stacked mineralized lenses, measuring approximately 600 metres wide and at least 1.400 metres long. The deposit is well defined from surface to a depth of 500 metres, and remains open along strike and at depth. Mineralizati on has been identified only 30 metres from surface in some areas and as deep as 870 metres in others, with significant potential to extend mineralization up and down-plunge and at depth.

About Osisko Mining Inc.

Osisko is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Osisko holds a 100% in the high-grade Windfall Lake gold deposit located between Val-d'Or and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area (over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québec's prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. The Corporation also holds interests and options in a number of additional properties in northern Quebec and Ontario. Osisko continues to be well financed with approximately $190 million in cash and investments.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Windfall Lake gold deposit being one of the highest grade resource-stage gold projects in Canada; the current 800,000 metre drill program; the significance of new results from the ongoing drill program at the Windfall Lake gold project; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling, expansion drilling to the NE of the main deposit and adjacent Lynx deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the potential to extend mineralization up and down-plunge and at depth at the Windfall Lake gold deposit; the ability to realize upon any mineralizat ion in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities, including the continuity or extension of any mineralization; and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to ident ify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Corporation. At the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Osisko to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drill results) to accurately predict mineralization; errors in management's geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests in the Windfall Lake gold project; the ability of the Corporation to obtain required approvals and complete transactions on terms announced; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilut ion; environmental risks; and community and non-governmental actions. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions. Osisko cannot assure shareholders and prospective purchasers of securities of the Corporation that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Osisko nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information, Osisko does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

Osisko Mining Inc. John Burzynski President and Chief Executive Officer (416) 363-8653

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