15 October 2018
Osisko Metals Incorporated is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters that includes Macquarie Capital Markets Canada Ltd, in connection with a "bought deal" private placement of 8,667,100 common shares of the Corporation that will qualify as "flow-through shares" (within the meaning of subsection 66 (15) of the Income Tax Act (Canada)) ("Flow-Through Shares") at a price of $0.75 per Flow-Through Share (the "Issue Price") for aggregate gross proceeds of $6,500,325 (the "Offering"). In addition, the Underwriters have been granted an option to sell up to an additional 1,733,420 Flow-Through Shares at the Issue Price for additional gross proceeds of up to $1,300,065.