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Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address futureevents, developments or performance that Osisko (the “Corporation”) expect to occur including managements’ expectations regarding the Corporation’s growth, results of operations,estimated future revenues, requirements for additional capital, future demand for and prices of commodities, business prospects and opportunities are forward looking statements. Forwardlooking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates","projects", "potential", "scheduled" and similar expressions or variations (Including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occurincluding, without limitation, that all conditions precedent to the transaction will be met and the realization of the anticipated benefits deriving therefrom for shareholders of theCorporation, the view on (i) the quality and the potential of the Corporation’s assets, production forecasts for properties in which the corporation holds a royalty. Although the Corporationbelieves the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve known and unknown risks, uncertainties and otherfactors and are not guarantees of future performance and actual results may accordingly differ materially from those in forward looking statements. Factors that could cause the actualresults to differ materially from those in forward-looking statements include, without limitation: fluctuations in the prices of the commodities that drive royalties held by the Corporation;fluctuations in the value of the Canadian dollar relative to the U.S. dollar; risks related to the operators of the properties in which the Corporation holds a royalty; development, permitting,infrastructure, operating or technical difficulties on any of the properties in which the Corporation hold a royalty or other interest; rate and timing of production differences from resourceestimates or production forecasts by operators of properties in which the Corporation hold a royalty or other interest; risks and hazards associated with the business of exploring,development and mining on any of the properties in which the Corporation hold a royalty or other interest, including, but not limited to unusual or unexpected geological and metallurgicalconditions, slope failures or cave-ins, flooding and other natural disasters or civil unrest; regulatory changes by national and local government, including corporate law, permitting andlicensing regimes and taxation policies; regulations and political or economic developments in any of the countries where properties in which the Corporation hold a royalty or other interestare located or through which they are held); continued availability of capital and financing and general economic, market or business conditions; business opportunities that becomeavailable to, or are pursued by the Corporation; the impossibility to acquire royalties and to fund precious metal streams; other uninsured risks. The forward looking statements contained inthis press release are based upon assumptions management believes to be reasonable, including, without limitation: the ongoing operation of the properties in which the Corporation holdsa royalty or other interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners oroperators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; no adverse development in respect of anysignificant property in which the Corporation holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that arenot yet in production; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. For additional information onrisks, uncertainties and assumptions, please refer to the Corporation’s most recent Annual Information Form filed on SEDAR at www.sedar.com. The Corporation cautions that the foregoinglist of risk and uncertainties is not exhaustive. Investors and others who base themselves on the forward looking statements contained herein should carefully consider the above factors aswell as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but noassurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. Thesestatements speak only as of the date of this presentation. The Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of newinformation, future events or otherwise, other than as required by applicable law.
Safe Harbour Statement:This PowerPoint presentation has been prepared for informational purposes only in order to assist prospective investors in evaluating an investment in Osisko Gold Royalties Ltd. Byaccepting delivery of this confidential information or any other material in connection with an investment in the Company, the investor agrees: (1) to keep strictly confidential the contentsof this confidential information presentation and such other material and not to disclose such contents to any third party or otherwise use the contents for any purpose other thanevaluation by such offered of an investment in the securities; (2) not to copy all or any portion of this confidential PowerPoint presentation, other confidential information or any such othermaterial.
Inquiries regarding this confidential PowerPoint presentation can be made to the senior management of the Company.
Forward Looking Statements
2
As at Feb. 26, 2016
TSX:OR
$1.5BMARKET CAP
~$450M CASH & CASH EQUIVALENTS
$150-$200MAVAILABLE CREDIT
30,125 ozGOLD OUNCES EARNEDFOR 2015
TWO OF THE PREMIER
ROYALTY ASSETS IN THE GOLD
SECTOR
STRONG CASH POSITION
QUARTERLY DIVIDEND
TOTAL OF 53 ROYALTIES AND
NO STREAMS
TRACK RECORD OF SUCCESS GOLD FOCUSED
The Leading Intermediate Royalty Company
3
Accomplishments in 20 Months
RAISED TOTAL OF $500M IN CAPITAL SECURED $200M IN AVAILABLE CREDIT DEPLOYED ~$220M OF CAPITAL INTO INVESTMENTS AND
OVER $775M IN TRANSACTIONS ADDED 48 ROYALTIES TO PORTFOLIO + 3 ROYALTY OPTIONS TOTAL OF $13.8M IN DIVIDENDS DECLARED CREATED NEW ROYALTY BUSINESS MODEL
4
First 20 Months Key Accomplishments - Positioned for Future Growth
POSITIONED FOR GROWTH WITH ONE OF THE BEST BALANCE SHEETS IN THE SECTOR
DIVERSIFIED REVENUES
ADDITION OF ÉLÉONORE ROYALTY ADDITION OF ISLAND GOLD ROYALTY LIF ROYALTY – RECEIVED $5.9M IN DIVIDENDS
EQUIVALENT TO ~5,000 OZ Au*
INCREASED ROYALTY PORTFOLIO FROM5 TO 53 ROYALTIES
POSITIONED BALANCE SHEET TO COMPETE
RAISED TOTAL OF $500M IN CAPITAL INCREASED AVAILABLE CREDIT TO $150M-$200M
*Estimate using US$1,200/oz Au and an exchange rate of CAN$1.35 = US$1.00 5
$0.00
$0.01
$0.02
$0.03
$0.04
$0.05
Q32014
Q42014
Q12015
Q22015
Q32015
Q42015
Q12016
DIVIDEND
Our Performance
Current Yield~1.1%
5
53
0
10
20
30
40
50
60
Inception Current
NUMBER OF ROYALTIES
$560
$1,505
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
Inception Current
MARKET CAP ($M)
+169%
*As at February 25, 2016
IN CANADIAN DOLLARS
*Estimated as at Feb. 26, 2016
$157
$450 *
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
Inception Current
CASH & CASH EQUIVALENTS ($M)
$17.2
$57.6
$0
$10
$20
$30
$40
$50
$60
$70
2014 2015
REVENUE ($M)
$45.4
Dividends from LIF $5.9$6.3Advance royalty payment
6
KEY PRODUCING ASSETS
LABRADOR IRON ORE ROYALTY CORPORATION9.8% EQUITY POSITION
ÉLÉONORE2.0-3.5% NSR
ISLAND GOLD1.7%-2.55% NSR
VEZZA5% NSR – 40% NPI
CANADIAN MALARTIC5% NSR
7
OPERATORS: Agnico Eagle / Yamana Gold
LOCATION: Malartic, Québec
RESERVES: Current reserves of 7.73 M oz Au1
ROYALTY:
5% NSR royalty $0.40/tonne on milled ore from
outside the current property area for life of mill starting in June 2021
2015 PRODUCTION: 572.0 k oz2
GUIDANCE2: 2016: 560 to 580 k oz 2017: 590 to 600 k oz 2018: 610 k oz
OSISKO ATTRIBUTABLE GOLD OUNCES2
2016: 28.0 to 29.0 k oz 2017: 29.5 to 30.0 k oz 2018: 30.5 k oz
1. See Appendix A for full disclosure on Reserves & Resources.2. Based on Agnico Eagle’s press release dated February 10th, 2016, titled: “Agnico Eagle Reports Fourth Quarter and Full Year 2015 Results” and Yamana Gold’s press release dated February 18, 2016, and
titled “Yamana Gold Announces Fourth Quarter and Full Year 2015 Results”
Canadian MalarticProduction(k oz Au) (2)
572.0
2015A
Osisko Gold Royalties Attributable Royalty
Ounces (k oz Au)
29.7
2015A
Key Producing Assets | CANADIAN MALARTIC – 5% NSR
THE LARGEST GOLD MINE IN
CANADA
8
ODYSSEY ZONES AND NEAR PIT/UNDERGROUND OPPORTUNITIES AT
CANADIAN MALARTIC
CANADIAN MALARTIC
Block model review to further define potential of near pit targets
$1.1M budget for 2016 to examine and quantify economics
Key Producing Assets | CANADIAN MALARTIC – 5% NSR
ODYSSEY
44 holes (35,870 metres) of drilling completed in 2015
60,000 m of definition drilling planned for 2016 $8M budget for 2016
OSISKO HOLDS A 5% NSR ROYALTY ON THE ODYSSEY SOUTH ZONE AND A 3% NSR ROYALTY ON THE ODYSSEY NORTH ZONE
Source: Agnico Eagle & Yamana Gold
CM BELOW PIT BA WEST
9
1. See Appendix A for full disclosure on Reserves & Resources.2. See Goldcorp press release dated February 25, 2016, titled “Goldcorp Reports Fourth Quarter 2015 Results; Provides Updated Reserves and Resources Estimates and 2016 Guidance”
ÉléonoreProduction(k oz Au) (2)
268.1
2015A
Osisko Gold Royalties Attributable Royalty
Ounces (k oz Au)
4.7
2015A
0.4
OPERATORS: Goldcorp (100%)
LOCATION: James Bay, Québec
RESERVES: Current reserves of 5.35 M oz Au (1)
ROYALTY:
2.0% NSR royalty on the first 3 M ozof Au production
0.25% increase for every additional 1M oz of production thereafter, to a maximum of 3.50%
Adjustment of +10% if Au is higher than US$500/oz
2015 PRODUCTION: 268.1 k oz(2)
2016 GUIDANCE2: 250-280 k oz
2016 OSISKO ATTRIBUTABLE GOLD OUNCES2
5.5 to 6.2 k oz
Key Producing Assets | ÉLÉONORE – 2.0 to 3.5% NSR
FIRST OUNCES RECEIVED IN
DECEMBER 2015
Including Ounces Credited Towards Advance Royalty
Payment
10
Source: Goldcorp public disclosure.
Deposit remains open at depth Drilling in 2016 will continue to target
the 494 zone for reserve replacement and test the deep projection of the centre and southern ore bodies and the 494 zone.
Positive results continue in the 494 zone adding confidence to the size and importance of this structure.
ÉLÉONOREEXPLORATION UPDATE
Key Producing Assets | ÉLÉONORE – 2.0 to 3.5% NSR
11
Operating since 2007 Recently announced an updated
PEA1 on Deep resources at the Island Gold Mine
2015 production: 55,040 oz Au 206% increase in reserves:
– 561,700 OZ @ 8.26 g/t2
$7.3M exploration budget in 2016
1. See Richmont Mines press release dated October 28, 2015 titled: “Richmont Announces Results of a Preliminary Economic Assessment for a Portion of the Deeper Resources of the Island Gold Mine”.2. See Appendix A for full disclosure on Reserves & Resources3. See LIF’s MD&A dated May 6, 2015 for more details
Investment in LIF provides exposure to Iron Ore Canada (“IOC”)
– 7.0% top-line royalty
– 15% equity interest in IOC
– $0.10/t commission on all iron ore sales by IOC
Operating for more than 53 years
Reserves to continue operations for 29 years at current production rate3
Osisko received dividends from LIF of $5.9M in 2015
LABRADOR IRON OREROYALTY CORPORATION (LIF)9.8% EQUITY POSITION
ISLAND GOLD 1.7%-2.55%
NSR
Producing Royalties
Operated by Ressources Nottaway inc. (private company)
The property is located 25km from Matagami, Québec
Commercial production forecasted for 2016.
VEZZA5% NSR40% NPI
12
NEW GROWTH
ODYSSEY3% NSR
KIRKLAND LAKE CAMP2% NSR
CARIBOO1.5% NSR
UPPER BEAVER2% NSR
MARBAN0.425% NSR
LAMAQUE1.7% NSR
PANDORA2% NSR
13
1. See the technical report titled “Technical Report and Updated Preliminary Economic Assessment for the Lamaque Project” dated February 27th 2015 on Integra Gold’s profile at www.sedar.com2. Integra Gold may repurchase 50% of Osisko’s 1.7% NSR royalty for total consideration of $1,000,000
New Growth
ROYALTY: 2% NSR
Potential to add mill feed for Agnico-Eagle Lapa Mine Exploration drift from Lapa underway 2016 exploration budget: $4.1M
ROYALTY: 1.7% NSR
PEA stage:- Average annual prod. 109.9 K oz- Mine life: 4.5 years
2016 drill program: 100 km
PANDORA UPPER BEAVERKIRKLAND LAKE
LAMAQUE1,2
ROYALTY: 2% NSR
2016 exploration budget: $5.2M
ROYALTY: 0.425% NSR
Also includes a right to $5 million payment upon commercial production on the Marban property.
CARIBOO
MARBAN
ROYALTY: 1.5% NSR
2016 exploration budget: $15M
ODYSSEY
ROYALTY: 3% NSR
2016 exploration budget: $8M
14
EXPLORATION PROPERTIES
COULON PROJECTPOLYMETALLIC
MINERALIZATION CONFIRMS MINING
POTENTIAL
JAMES BAY AREA4,600 KM2 LAND POSITION
GUERRERO9,600 KM2 AREA IN
GUERRERO, MEXICO
15
Royalty Incubation Process – Barkerville Gold Mines
$15.2M IN FLOW-THROUGH SHARES(current market value: ~$25M)
$25M FOR A 1.5% NSR ROYALTY
TECHNICAL ADVISORY
AGREEMENT
Sean ROOSEN, Co-Chairman Chris LODDER, President & DirectorLuc LESSARD, COO
FLOW-THROUGH SHARES TO REDUCE TAX CHARGE16
Royalty Incubation Process
17.6% equity (flow-through) 1.5% NSR royalty Privileged position for gold stream
financing Technical services agreement Management & Board appointments Anti-dilution rights ROFR on future royalties/streams
17.9% equity Option on 1% NSR royalty Management & Board appointments Anti-dilution rights ROFR on future royalties/streams Technical services agreement
16.2% equity (flow-through) Management and Board
appointments Technical services agreement
INVESTMENT
17
Summary
TODAY
20MONTHSAGO
5ROYALTIES
53ROYALTIES
$157MIN CASH
$650MIN CASH & AVAILABLE
CREDIT
DIVIDEND YIELD
~1.1%
TWO OF THE PREMIER
ROYALTY ASSETS IN THE GOLD
SECTOR
TRACK RECORD OF SUCCESS
THE LEADING INTERMEDIATEROYALTY COMPANY
18
APPENDIX
Appendix A – Reserves & ResourcesAppendix B – Our RoyaltiesAppendix C – Owner-Manager Model
Appendix A – Reserves and Resources
1. Agnico Eagle and Yamana public disclosure – as at December 31, 20152. See Goldcorp press release dated February 25, 2016, titled Goldcorp Reports Fourth Quarter 2015 Results; Provides Updated Reserves and Resources Estimates and 2016 Guidance3. See Richmont press release dated February 9, 2016, titled Richmont Increases Mineral Reserves by 187% and Island Gold Mine Increases Mineral Reserves by 206%, With a 29% Increase in Reserve Grade
CANADIAN MALARTIC1
RESERVES*
CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)
Proven 0.97 1.72 54.9
Probable 1.12 6.00 166.6
Total Proven & Probable 1.08 7.73 221.5
*Cut-off grade: 0.345-0.351 g/t | Gold Price: $1,150/oz Au
GLOBAL RESOURCES (EXCLUDING RESERVES)*
CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)
Measured 1.32 0.15 3.5
Indicated 1.55 1.10 22.2
Total Meas. & Ind. 1.51 1.25 25.7
Inferred 1.47 0.43 9.0*Cut-off grade: 0.34-0.40 g/t and 1.0 g/t below open pit | Gold Price: $1,150/oz Au | exchange rate of CAN$1.24 = US$1.00
ÉLÉONORE2
RESERVES*
CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)
Total Proven & Probable 5.87 5.35 28.32
GLOBAL RESOURCES (EXCLUDING RESERVES)
CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)
Total Meas. & Ind. 5.49 0.81 4.58
Inferred 7.11 2.28 9.97
ISLAND GOLD3
RESERVES - ABOVE 400M*
CATEGORY AU GRADE (G/T) AU (K OZ) TONNES (KT)
Proven 7,00 21,80 97.0
Probable 6.88 54.90 248.0
Total Proven & Probable 6.91 76.70 345.0
GLOBAL RESOURCES (EXCLUDING RESERVES) – ABOVE 400M*
CATEGORY AU GRADE (G/T) AU (K OZ) TONNES (KT)
Measured 5.80 1.35 7.5
Indicated 6.96 52.7 235.5
Total Meas. & Ind. 6.92 54.1 243.0
Inferred 7.44 98.7 412.5
*Based on a gold price of US$1,300/oz and an exchange rate of CAN$1.2037 = US$1.00.
RESERVES – BELOW 400M*
CATEGORY AU GRADE (G/T) AU (K OZ) TONNES (KT)
Proven 7.72 66.1 266.5
Probable 8.66 418.9 1,504.0
Total Proven & Probable 8.52 485.0 1,770,5
GLOBAL RESOURCES (EXCLUDING RESERVES) – BELOW 400M*
CATEGORY AU GRADE (G/T) AU (K OZ) TONNES (KT)
Indicated 5.20 17.65 105.5
Inferred 8.67 669.35 2,402.5
*Based on a gold price of US$1,300/oz and an exchange rate of CAN$1.2037 = US$1.00.
20
UPPER BEAVER1
GLOBAL GOLD RESOURCES*
CATEGORY Au GRADE (G/T) CU GRADE (%) AU (M OZ) TONNES (MT)
Indicated 6.36 0.36 1.80 8.81
Inferred 5.93 - 1.32 6.90
*Au cut-off grade: 2.5 g/t
Appendix A – Reserves and Resources
HAMMOND REEF2
GLOBAL RESOURCES*
CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)
Measured 0.90 3.59 123.5
Indicated 0.78 1.83 72.9
Total Meas. & Ind. 0.86 5.43 196.4
Inferred 0.72 1.75 75.7
*Cut-off grade: 0.5 g/t
LAMAQUE-TRIANGLE ZONE3
GLOBAL RESOURCES*
CATEGORY AU GRADE (G/T) AU (K OZ) TONNES (MT)
Indicated 7.37 627.80 2.65
Inferred 6.89 871.50 3.94
1. Based on Agnico Eagle’s press release dated February 10th, 2016, titled: “Agnico Eagle Reports Fourth Quarter and Full Year 2015 Results”2. See press release dated January 28th 2013 titled “Osisko Provides Resource Update for Hammond Reef Project” on Osisko Mining Corporation’s profile on www.sedar.com.3. See press release dated November 10th 2015 titled “Integra Gold Announces Triangle Zone Resource Estimate: Indicated Resources Increase 21% to 627,810 Gold Ounces and Inferred Resource
Increases 400% to 871,530 Gold Ounces” on Integra Gold’s profile on www.sedar.com.4. See the “Updated Mineral Resource Technical Report – Marban Block Property” dated August 15, 2013 on NioGold Mining Corporation’s profile at www.sedar.com.5. See the NI 43-101 technical report for the mineral resource estimate, to be filed on SEDAR within 45 days of the press release announcement (Jan. 25, 2016) on Falco’s profile at www.sedar.com.
FALCO RESOURCES - HORNE 55
GLOBAL RESOURCES*
CATEGORY CUT-OFF (NSR C$) TONNES (Mt)
Au Eq. AU AG CU ZN CONT. AU EQ. (M OZ)
CONT. AU CONT. AG CONT. CU CONT. ZNG/T G/T G/T (%) (%) (M OZ) (M OZ) (M LBS) (M LBS)
Indicated >65 58.3 2.86 1.82 15.60 0.20 1.00 5.361 3.418 29.273 260.4 1284.8Inferred >65 12.7 3.08 2.10 26.26 0.22 0.57 1.254 0.855 10.705 61.7 158.1
*NSR estimates are based on the following assumptions: exchange rate of $C1.27/$US, metal prices of (all $US): gold $1,165/oz, silver $15.77, copper $2.53/lb, zinc $0.89/lb (One-year trailing average as of December 14, 2015). Net recoveries of 84.0% for gold, 75.3% for silver, 71.8% for zinc and 66.5% for copper. Smelting cost (including transportation) C$7.73 per tonne.
NIOGOLD MINING - MARBAN4
GLOBAL GOLD RESOURCES*
CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)
Measured 1.40 0.30 6.6
Indicated 1.50 1.24 25.6
Total Meas. & Ind. 1.48 1.53 32.1
Inferred 1.13 0.60 16.5*Cut-off grade: 0.35 - 2.5 g/t -Gold Price: $1,540/oz Au
21
NIGHTHAWK GOLD - COLOMAC1
GLOBAL GOLD RESOURCES*
CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)
Inferred 1.64 2.10 39.8
*Cut-off grade: 0.6 g/t -Gold Price: $1,500/oz Au
1. See the “Technical Report and Mineral Resource Estimate Update on the Colomac Property of the Indin Lake Project” dated June 17, 2013 on Nighthawk Gold Corp’s profile at www.sedar.com.2. See the “NI 43-101 Technical Report Mineral Resource Estimate for the Candelones Project Neita Concession Dominican Republic” dated November 4, 2013 on UniGold profile at www.sedar.com.3. See the “Cow Mountain NI43-101 Technical Report ” dated March 31st, 2015 on Barkerville Gold Mines Ltd’s profile at www.sedar.com.4. See the NI 43-101 technical report for the mineral resource estimate, to be filed on SEDAR within 45 days of the press release announcement (May11, 2015) on Highland Copper’s profile at
www.sedar.com.
BARKERVILLE GOLD MINES3
COW MOUNTAIN MINERAL RESOURCES*
CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)
Indicated 2.40 2.80 35.8
Inferred 2.30 2.00 27.5
BONANZA LEDGE*
CATEGORY AU GRADE (G/T) AU (k OZ) TONNES (MT)
Measured 8.74 48.00 0.17
Indicated 6.86 54.00 0.24
Total Meas. & Ind. 7.63 102.00 0.42
Inferred 7.75 70.00 0.28
*Cut-off grade: 0.5 g/t
UNIGOLD - NEITA2
GLOBAL RESOURCES*
CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)
Indicated 10.95 154.20 438.0
*Cut-off grade: 0.32 g/t (oxide mineralization) – 0.56 g/t (sulphide mineralization) Gold Price: $1,500 /oz Au
HIGHLAND COPPER - COPPERWOOD4
GLOBAL RESOURCES*
CATEGORY CU (%) AG (g/t) CU (M LBS) AG (M OZ) TONNES (MT)
Measured 1.73 5.08 861.0 3.7 22.5
Indicated 1.37 2.56 200.0 0.5 6.6
Total Meas. & Ind. 1.65 4.51 1061.0 4.2 29.1
Inferred 1.24 2.36 52.0 0.1 1.9
* Cut-off grade (% Cu): 1.0% | Copper price: 3.00$/lb and silver price of 20$/lb
Appendix A – Reserves and Resources
22
Appendix B – Our Royalties
ASSET NAME STATUS INTEREST OPERATOR LOCATION
KEY ROYALTIES
Canadian Malartic Production 5% NSR royatly on all metals CM Partnership Canada, Québec
Éleonore Production 2-3.5% NSR royatly (Gold)2% NSR on all other metals Goldcorp Canada, Québec
SMALL PRODUCING ROYALTIES
Island Gold Mine Kremzar Goudreau Lochalsh
Production2.55% NSR on all metals from Kremzar1.7% NSR on all metals from Goudreau2.55% NSR on all metals from Lochalsh
Richmont Mines Canada, Ontario
Vezza Production5% NSR royalty on all metals40% NPI
Nottaway Resources Canada, Québec
Hewfran Production 1.7% NSR on all metals Metanor Resources Canada, Québec
Holloway Holt Production 10$/oz production from the property St-Andrew Goldfields Canada, Ontario
EXPLORATION & DEVELOPMENT ROYALTIES
Malartic CHL Exploration 3% NSR royalty on all metals CM Partnership Canada, Québec
Lamaque-Rocdor Development 1.7% NSR royatly on all metals Integra Gold Corp. Canada, Québec
Cariboo Gold Project Exploration 1.5% NSR royatly on all metals Barkerville Gold Mines Canada, British Columbia
Upper Beaver / Kirkland Lake Development 2% NSR royatly on all metals CM Partnership Canada, Ontario
Pandora Exploration 2% NSR royatly on all metals CM Partnership Canada, Québec
Windfall Development 0.5% NSR royalty Oban Mining Corporation Canada, Québec
Hammond Reef Care and Maintenance 2% NSR royatly on all metals CM Partnership Canada, Ontario
Yukon Properties (Watson Lake) Exploration 2% NSR royatly on all metals CM Partnership Canada, Yukon
Sleitat and Coal Creek Exploration 1.75% NSR on all metals Strongbow Exploration United States, Alaska
Bloc Marban Marban Norlartic First Canadian
Exploration1.7% NSR royalty on Norlartic0.85% NSR royalty on First Canadian0.425% NSR royalty on Marban
NioGold Mining Canada, Québec
23
ASSET NAME STATUS INTEREST OPERATOR LOCATIONAdel, Hardrock East Exploration 1.7% NSR royalty on all metals Goldstream Minerals Canada, OntarioAnnamaque Faraday Exploration 1.7% NSR royalty on all metals Alexandria Minerals Canada, QuébecVal-d'Or Exploration 2.125% NSR royalty on all metals Alexandria Minerals Canada, QuébecValdora Exploration 1.7% NSR royalty on all metals Alexandria Minerals Canada, QuébecSabourin Creek (Akasaba) Exploration 2.125% NSR royalty on all metals Agnico Eagle Canada, QuébecAurbel Exploration 2.125% NSR royalty on all metals QMX Gold Canada, QuébecBargold Exploration 1.275% NSR royalty on all metals Abcourt Mines Canada, QuébecJonpol-Amos & Paramount Exploration 2.125% NSR royalty on all metals Abcourt Mines Canada, QuébecBonfortel Exploration 1.7% NSR royalty on all metals Yorbeau Canada, QuébecTurgeon Exploration 1.7% NSR royalty on all metals Yorbeau Canada, QuébecDestor Exploration 2.125% NSR royalty on all metals Explor Resources Canada, QuébecEastbay Duparquet Exploration 0.85% NSR royalty on all metals Explor Resources Canada, QuébecGaffney Exploration 1.7% NSR on all metals Manitou Gold Canada, OntarioGaffney Extension Exploration 0.106% NSR on all metals Manitou Gold Canada, OntarioHolloway McDermott Exploration 12.75% NPI St-Andrew Goldfields Canada, OntarioJubilee Exploration 1.7% NSR on all metals Merrex Gold Canada, Nova ScotiaLeitch Exploration 1.7% NSR on all metals Premier Gold Mines Canada, OntarioPipestone Clavos Exploration 1.7% NSR on all metals Sage Gold Canada, OntarioRenault Bay Exploration 1.7% NSR on all metals Vantex Resources Canada, QuébecSavard/Emerald Lake Exploration 1.275% NSR on all metals Northern Nickel Canada, OntarioTeck Hughes Exploration 0.85% NSR on all metals Kirkland Lake Gold Canada, OntarioValco Exploration 1.7% NSR on all metals Oban Mining Corporation Canada, QuébecFenn-Gibb Exploration 1.275% NSR on all metals Lake Shore Gold Canada, OntarioGarrcon Exploration 1.275%/2% NSR on all metals Oban Mining Canada, OntarioStratmat Exploration 21.25% NPI(Subject to closing) Trevali Mining Canada, New BrunswickApple (Uranium) Exploration 2% NSR on all metals Strateco Canada, QuébecClearwater (1 claim) Exploration 2% NSR royalty on 1 claim Eastmain Resources Canada, QuébecDieppe (Gold) Exploration Resource Payment Agnico Eagle Canada, QuébecDuncan (Iron) Exploration Production royalty (iron) / 2% NSR royalty on all other metals Augyva Mining Resources Canada, QuébecEastmain (Gold) Exploration 1.15% NSR royalty CBAY Minerals Canada, QuébecEastmain West Exploration 1.4% NSR Azimut Canada, QuébecLac Clark Exploration 1% Gross Metal Royalty Chibougamau Independant Mines Inc. Canada, QuébecLac Dufault (Base Metals) Exploration 2% NSR royalty Nyrstar SA Canada, QuébecPreissac Exploration 2% NSR royalty Donner Metals Canada, QuébecSagar (Uranium, Gold) Exploration 1.5% NSR royalty Energizer Resources Canada, QuébecStabell (Gold) Exploration 3% NSR royalty Alexandria Minerals Inc. Canada, QuébecTantale Erlandson (Rare Earth) Exploration 1% NSR royalty Commerce Resources Canada, Québec
Appendix B – Our Royalties (Continued)
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Management Team
Senior Technical Team
Appendix C – Owner-Manager Model
Sean RoosenChair & CEO
John F. BurzynskiSVP, New Business Development
Bryan A. CoatesPresident
Elif LévesqueCFO & VP, Finance
André GaumondSVP, Northern Development
Luc LessardSVP, Technical Services
Robert WaresSenior Geologist
TEAM HAS DISCOVERED AND
BUILT TWO WORLD-CLASS GOLD
DEPOSITS
Co-Founder of Osisko Mining Corporation Transformed
Osisko Mining into a leading intermediate producer
Co-Founder of Osisko Mining Corporation Transformed
Osisko Mining into a leading intermediate producer
Transformed Osisko Mining into a leading intermediate producer Over 30 years of
experience in the mining industry
18 years of experience in finance, treasury and financial reporting
Built and worked on 11 open pit and underground mines, including Canadian Malartic and Rosebel
Co-Founder of Osisko Mining Corporation Discovered the
Canadian Malartic gold deposit
Founder of Virginia Gold Mines Discovered the
Éleonore gold deposit
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