2017 Q1 Results

MAY 5, 2017

Certain statements contained in this presentation may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future events, developments or performancethat Osisko (the “Corporation”) expect to occur, including managements’ expectations regarding the Corporation’s growth, results of operations, estimated future revenues, statements or estimates of mineral resources and reserves,requirements for additional capital, future demand for and prices of commodities, business prospects and opportunities are forward looking statements. Forward looking statements are statements that are not historical facts and aregenerally, 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 orconditions "will", "would", "may", "could" or "should" occur including, without limitation, that all conditions precedent a transaction will be met and the realization of the anticipated benefits deriving therefrom for shareholders of theCorporation, the view on the quality and the potential of the Corporation’s assets, production forecasts for properties in which the Corporation holds a royalty or other interest. Although the Corporation believes the expectations expressed insuch forward-looking statements are based on reasonable assumptions, such statements involve known and unknown risks, uncertainties and other factors and are not guarantees of future performance and actual results may accordinglydiffer materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include, without limitation: fluctuations in the prices of the commodities thatdrive 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 or other interest; the unfavorableoutcome of litigation relating to any of the properties in which Osisko holds a royalty or other interest; development, permitting, infrastructure, operating or technical difficulties on any of the properties in which the Corporation hold a royaltyor other interest; rate and timing of production differences from mineral resource estimates or production forecasts by operators of properties in which the Corporation hold a royalty or other interest; risks and hazards associated with thebusiness 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 metallurgical conditions, slope failures orcave-ins, flooding and other natural disasters or civil unrest; regulatory changes by national and local government, including corporate law, permitting and licensing regimes and taxation policies; regulations and political or economicdevelopments in any of the countries where properties in which the Corporation hold a royalty or other interest are located or through which they are held); continued availability of capital and financing and general economic, market orbusiness conditions; business opportunities that become available to, or are pursued by the Corporation; the impossibility to acquire royalties and to fund precious metal streams; other uninsured risks. The forward looking statementscontained in this presentation are based upon assumptions management believes to be reasonable, including, without limitation: the ongoing operation of the properties in which the Corporation holds a royalty or other interest by theowners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the marketprice of the commodities that underlie the asset portfolio; no adverse development in respect of any significant property in which the Corporation holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations forthe development of underlying properties that are not 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 foregoing list 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 as well as the uncertainties they represent and the risk they entail. The Corporation believes that theexpectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this presentation should not beunduly relied upon. These statements 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 new information, futureevents 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.Inquiries regarding this confidential PowerPoint presentation can be made to the senior management of the Corporation.

Cautionary Note to U.S. Investors Regarding Mineral Reserve and Mineral Resource Estimates

Osisko is subject to the reporting requirements of the applicable Canadian securities laws, and as a result, reports its mineral resources and reserves according to Canadian standards. Canadian reporting requirements for disclosure of mineralproperties are governed by National Instrument 43-101 (“NI 43-101”). The definitions of NI 43-101 are adopted from those given by the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”). U.S. reporting requirements aregoverned by the Industry Guide 7 (“Guide 7”) of the Security and Exchange Commission ("SEC"). This presentation includes estimates of mineral reserves and mineral resources reported in accordance with NI 43-101. These reportingstandards have similar goals in terms of conveying an appropriate level of confidence in the disclosures being reported, but embody different approaches and definitions. For example, under Guide 7, mineralization may not be classified as a“reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Consequently, the definitions of “Proven Mineral Reserves”and “Probable Mineral Reserves” under CIM standards differ in certain respects from the standards of the SEC. Osisko also reports estimates of “mineral resources” in accordance with NI 43-101. While the terms “Mineral Resource,”“Measured Mineral Resource,” “Indicated Mineral Resource” and “Inferred Mineral Resource” are recognized by NI 43-101, they are not defined terms under standards of the SEC and, generally, U.S. companies are not permitted to reportestimates of mineral resources of any category in documents filed with the SEC. As such, certain information contained in this presentation concerning descriptions of mineralization and estimates of mineral reserves and mineral resourcesunder Canadian standards is not comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC. Readers are cautioned not to assume that all or any part ofMeasured Mineral Resources or Indicated Mineral Resource exists, or is economically or legally mineable. Further, an “Inferred Mineral Resource” has a great amount of uncertainty as to its existence and as to its economic and legalfeasibility, and a reader cannot assume that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility orother economic studies.

Forward Looking Statements

2

Highlights

3

Q1 2017 Subsequent to March 31, 2017

Record quarterly gold equivalent ounces (“GEO”) earned of 10,4181

9% increase compared to Q1 2016 Quarterly revenues of $17.1 million

10% increase compared to Q1 2016 Net cash flows provided by operating

activities of $12.0 million22% increase compared to Q1 2016

Cash and cash equivalents of $423.6 million as at March 31, 2017

Closing of a US$33.0 million ($44.3 million) silver stream agreement with Taseko Mines Limited

Declaration of a quarterly dividend of $0.04 per common share paid on April 17, 2017 to shareholders of record as of the close of business on March 31, 2017

Acquisition of additional common shares of Barkerville Gold Mines Ltd., an associate of Osisko, for $28.1 million which increased Osisko’s holding to 35.2%

Acquisition of an additional 0.75% NSR royalty on the Cariboo gold project from Barkerville for cash consideration of $12.5 million, which increased the NSR royalty held by Osisko on the Cariboo gold project to a total of 2.25%

On May 4, 2017, declaration of a quarterly dividend of $0.04 per common share payable on July 17, 2017 to shareholders of record as of the close of business on June 30, 2017

1. Gold equivalent ounces earned includes NSR royalties in gold, silver and other cash royalties and the silver stream. Silver is converted to gold equivalent ounces by multiplying the silver ounces by the average silver price for the period and dividing by the average gold price for the period. Cash royalties are converted into gold equivalent ounces by dividing the associated revenue by the average gold price for the period. In the case of streams, GEOs are calculated based on ounces received before the payment of the fixed per ounce contractual price.

4

Q1 2017 Performance – Another Record Quarter

GOLD EQUIVALENT OUNCES (GEOs)EARNED (oz AuEq)

9% increase year over year in GEOs during Q1

1. Gold equivalent ounces earned is a non-IFRS measure and includes NSR royalties in gold, silver, other cash royalties. Silver was converted to gold equivalent ounces by multiplying the silver ounces by the average silver price for the period and dividing by the average gold price for the period. Cash royalties were converted into gold equivalent ounces by dividing the associated revenue by the average gold price for the period. For Q1 2017, the average per ounce commodity prices were as follows: $1,620 gold (Q1 2016: $1,636), $24 silver (Q1 2016: $20).

9,431 ozAu

9,980 oz Au

102 oz AuEq (Ag)438 oz AuEq (Ag)

Q1 2016 Q1 2017

9,533 oz AuEq10,418 oz AuEq

GUIDANCE (oz AuEq)

43,300 – 46,100 oz AuEq

2017E

YTD: 10,418 oz AuEq

$9.8

$12.0

Q1 2016 Q1 2017

$15.6 $17.1

Q1 2016 Q1 2017

5

Q1 2017 Performance

NET CASH FLOW FROM OPERATING ACTIVITIES (C$ M)

REVENUES (C$ M)

22% Increase10% Increase

6

2017 Q1 Results

3 MONTHS ENDED

(C$ 000) March 31, 2017 March 31, 2016

GOLD PRODUCTION (oz) 9,980 9,431

SILVER PRODUCTION (oz AuEq) 438 102

REALIZED GOLD PRICE (C$ per oz) 1,620 1,636

REALIZED GOLD PRICE (US$ per oz) 1,228 1,208

AVERAGE GOLD PRICE (US$ per oz)1 1,219 1,183

REVENUES $17,126 $15,606

NET CASH FLOW FROM OPERATIONS $12,013 $9,820

NET EARNINGS (LOSS)2 $4,076 ($60)

NET EARNINGS PER SHARE - BASIC $0.04 $0.00

1. The London Bullion Market Association’s pm price in US dollars2. Attributable to Osisko’s shareholders

7

(C$M) MAR. 31, 2017

CASH & CASH EQUIVALENTS $423.6

DEBT $46.0

TOTAL ASSETS $1,421.6

SHAREHOLDER’S EQUITY $1,216.9

Financial Position

~C$620M IN CASH & AVAILABLE CREDIT

STRONG CASH POSITION

1. Fair value of marketable securities as at March 31, 2017. The fair value corresponds to the quoted price of the investments in a recognized stock exchange as at March 31, 2017.

FAIR VALUE OF INVESMENT

PORTFOLIO OF C$341.2M1

WELL POSITIONED TO DEVELOPASSET & INVESTMENT PORTFOLIOS

$0.00

$0.01

$0.02

$0.03

$0.04

$0.05

Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017

8

Stable Dividend

ELEVENTH QUARTERLY DIVIDEND DECLARED

OSISKO HAS DISTRIBUTED C$35.1 MILLION IN DIVIDENDS TO ITS SHAREHOLDERS DURING

THE PAST TEN QUARTERS

9

TWO OF THE PREMIER GOLD ROYALTIES IN THE SECTOR

High Quality Portfolio of Producing and Early Stage Royalties & Stream

PRODUCING & CASH FLOWING ASSETSIN QUÉBEC,ONTARIO & BC

GROWTH ASSETSFOCUSED ON NORTH AMERICA

ODYSSEY NORTH

UPPER BEAVER KIRKLAND LAKE

CAMP

CARIBOO

MARBAN

LAMAQUE

PANDORA

WINDFALL

HERMOSA

HORNE 5

GUERRERO9,600 KM2 AREA IN

GUERRERO, MEXICO

COULON POLYMETALLIC PROJECT

ÉLÉONORE

ISLAND GOLD

VEZZA

CANADIAN MALARTIC

GIBRALTAR

10

2017 Guidance

ATTRIBUTABLE GEOs BREAKDOWN:

30,500 - 31,500

6,800 – 7,000

1,400 – 1,600

2,600 – 3,000 2,000 – 3,000

CANADIAN MALARTICÉLÉONOREISLAND GOLDGIBRALTAR STREAMOTHERS

43,300 – 46,100ATTRIBUTABLE ALL-CANADIAN

GEOs

CANADIANMALARTIC5% NSR

ÉLÉONORE2-3.5% NSR

ISLAND GOLD1.38-2.55% NSR

VEZZA5% NSR – 40% NPI

GIBRALTARSILVER STREAM 200 k oz Ag / yr

from 2017-2030 350 k oz Ag / yr

from 2031-2039+

ROYALTIES

STREAM

11

Assets

12

OPERATORS: Agnico Eagle (50%) / Yamana Gold (50%)

LOCATION: Malartic, Québec

RESERVES: P&P mineral reserves of 7.1 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

Q1 2017 PRODUCTION: 142.8 K oz2 (7,483 oz earned for Osisko)

OPERATORGUIDANCE (Au):

2017: 600 k oz 2018: 650 k oz 2019: 640 k oz

OSISKOATTRIBUTABLEGEOs:

2017: 30.5 to 31.5 k oz 2018: 33 k oz 2019: 32.5 k oz

1. See Appendix for full disclosure on Reserves & Resources.2. Based on Agnico Eagle’s press release dated April 27, 2017, titled: “Agnico Eagle Reports First Quarter 2017 Results…”

Canadian Malartic Royalty – 5% NSR

THE LARGESTGOLD MINEIN CANADA

PROVEN & PROBABLEMINERAL RESERVES OF

7.1 M oz Au1

CANADIAN MALARTIC EXTENSIONPROJECT RECEIVES GOVERNMENT

OF QUEBEC APPROVAL

13

Canadian Malartic Exploration Upside| Odyssey North & South

1. Based on Agnico Eagle’s press release dated April 27, 2017, titled: “Agnico Eagle Reports First Quarter 2017 Results…”2. Based on Agnico Eagle’s press release dated February 15, 2017, titled: “Agnico Eagle Reports Fourth Quarter and Full Year 2016 Results…”

Initial inferred mineral resources of 1.43 Moz (20.7 million tonnes grading 2.15 g/t gold) for North and South Odyssey Zones.

34 holes (22,676 metres) completed in Q1 2017 to define internal mineralized zones between the Odyssey North and South Zones and expanding the mineral resources in Odyssey South1.

NEAR-TERM PRODUCTION POTENTIAL (2018-2020) FROM ODYSSEY SOUTH

UNDERGROUND2

FURTHER PRODUCTION GROWTH POTENTIAL FROM ODYSSEY NORTH

UNDERGROUND(2021 AND BEYOND)2

1.43 M ozAu

Inferred Resources 1

and growing

OSISKO HOLDS A 5% NSR ROYALTY ON THE ODYSSEY SOUTH ZONE AND A 3% NSR

ROYALTY ON THE ODYSSEY NORTH ZONE

141. See Appendix for full disclosure on Reserves & Resources.2. Based on Goldcorp press release dated April 26, 2017, titled “Goldcorp Reports First Quarter 2017 Results”.

OPERATOR: Goldcorp (100%)

LOCATION: James Bay, Québec

RESERVES: P&P mineral reserves of 4.57 M oz Au1

ROYALTY:

2.0% NSR on the first 3 M oz of Au 0.25% increase for every additional

1M oz of production thereafter, to a maximum of 3.50%

+10% if Au is higher than US$500/oz

Q1 2017 PRODUCTION: 78 k oz2 (1,582 oz earned for Osisko)

2017 OPERATOR GUIDANCE: 315 k oz2

2017 OSISKO ATTRIBUTABLE GOLD OUNCES:

6.8 to 7.0 k oz

OSISKO ATTRIBUTABLE GOLD OUNCES AT FULLPRODUCTION:

GROWING TO > 10,000 - 15,000 OZ FIFTH PRODUCTION HORIZON IN 2018 RAMP UP TO FULL PRODUCTION BY 2020

4.57 M oz Au

Potentialto 1,500mÉléonore Royalty – 2.0 to 3.5% NSR

151. Based on Taseko’s guidance. Taseko does not report silver resources or reserves.

OPERATOR: Taseko (75%)

LOCATION: Cariboo Regional District, British Columbia

MINE PLAN: 23-year mine life

STREAM:

100% of Taseko’s share of payable silver for the first 5.9M oz

35% of payable silver thereafter US$2.75/oz silver transfer payment

SILVER PRODUCTION:• 200 k oz from 2017 to 20301

• 350 k oz from 2031 to 2039+

Q1 2017 PRODUCTION:21.6 k oz of silver representing two months of production (309 GEOs earned for Osisko)

LONG LIFE PRODUCING MINE IN CANADA

Gibraltar Stream – 100% of Attributable Payable Silver

B.C.

16

Operating since 2007 2016 production: 83,323 oz Au On February 2, 2017, Richmont

announced a guidance of between 87,000 to 93,000 gold ounces for 2017

On January 31, 2017, Richmontannounced an increase of 34% in mineral reserves at the Island Gold Mine

416 GEOs earned for Osisko in Q1 2017

Other Producing & Cash Flowing Royalties

Operated by Ressources Nottaway inc.(private company)

The property is located 25km from Matagami, Québec

351 GEOs earned for Osisko in Q1 2017

ISLAND GOLD 1.38%-2.55%

NSR

VEZZA5% NSR40% NPI

17

New Growth – Focused on North America

UPPER BEAVER KIRKLAND LAKE CAMP

2% NSR

CARIBOO2.25% NSR

MARBAN0.425% NSR

LAMAQUE1.7% NSR1

WINDFALL1.5% NSR

HERMOSA1% NSR

HORNE 51% NSR

GUERRERO9,600 KM2 AREA IN

GUERRERO, MEXICO

FARM-IN AGREEMENTJAMES BAY - LABRADOR TROUGH PROPERTIES

1.5% - 3.5% NSR

COULON POLYMETALLIC

PROJECT

EXPLORATIONPROPERTIES

GROWTHROYALTYASSETS

ODYSSEY NORTH & SOUTH3% & 5% NSR

PANDORA2% NSR

OVER 50 ROYALTIES IN THE PORTFOLIO TO PROVIDE UPSIDE TO “OR” SHAREHOLDERS

1. Integra Gold may repurchase 50 % of the royalty for $2 million.

150,000172,000

102,000 120,000 119,000

65,00035,000 30,000 15,000

250,000

115,000

130,000 100,00081,000

50,000

40,000 40,00030,000

25,80012,500

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

Windfall Island Gold Cariboo CanadianMalartic

Lamaque Hermosa Horne5 Éléonore Urban Barry Upper Beaver Orenada

2016 2017

OVER 870,000 METRES OF DRILLING ON OUR ROYALTIES PLANNED FOR 2017 (> 800,000 m IN 2016)

18

SIGNIFICANT INVESTMENT BY OPERATORS ON OSISKO’S ROYALTY PROPERTIES;RESERVES & RESOURCES UPSIDE AT NO COST TO OSISKO

The Drills Are Turning – Upside on Growth Portfolio

ZERO-COST TO OSISKO GOLD

ROYALTIES

Notes:- Assumption based on current programs- $10 million budget (assumes $250 per metre)

(1)

(2)

Drilling Metres

19

Accelerator Model – Acquiring Royalties at Discounted Valuations

NET COST OF ROYALTY PURCHASE AT MARCH 31, 2017 (C$M)

1. Non-IFRS measure representing the difference between the fair value of marketable securities less acquisition cost.

PURCHASED A 1.0% NSR IN MAY 2016

$10.0

$7.5 1

$2.5

Cost to purchaseroyalty

Unrealized gain onequity investment

Net cost of royalty

PURCHASED A 1% NSR IN APRIL 2016

$9.8

$81.7 1

-$71.9

Cost to purchaseroyalty

Unrealized gain onequity investment

Net cost of royalty

20

Accelerator Model – Acquiring Royalties at Discounted Valuations

NET COST OF ROYALTY PURCHASE AT MARCH 31, 2017 (C$M)

PURCHASED A 1.5% NSR IN FEBRUARY 2016 PURCHASED A 1% NSR IN APRIL 2016

1. Non-IFRS measure representing the difference between the fair value of marketable securities less acquisition cost.

$10.0 $13.3 1

-$3.3

Cost to purchaseroyalty

Unrealized gain onequity investment

Net cost of royalty

$25.0

$17.4 1

$7.6

Cost to purchaseroyalty

Unrealized gain onequity investment

Net cost of royalty

$209.2

$341.2

Acquired Cash Price Market Value at Mar. 31, 2017

$62.0

21

Significant Value Creation Through Investment Portfolio

VALUE OF INVESTMENT PORTFOLIO1 (C$M)

1. Fair value of marketable securities in associates and other as at March 31, 20172. Recorded in other comprehensive income (loss)

+

VALUE OF NEW ROYALTYPURCHASES (C$M)

Paid Value of New Royalties

EQUITY POSITIONS HAVE

ALLOWED TO GENERATE OVER $62M OF NEW

ROYALTIES

$48.3M ofFlow-Through

$17.2

Realized Gain21

As at March 31, 2017

$1.5BMARKET CAP – as at May 4, 2017

$12.0MOPERATING CASH FLOW FOR Q1 2017

$423.6M CASH & CASH EQUIVALENTS

$341.2M FAIR VALUE OF INVESTMENT PORTFOLIO

$150-$200MAVAILABLE CREDIT

RECORD 10,418 GEOsFOR Q1 2017

QUARTERLY DIVIDENDDISTRIBUTION OF $35.1M SINCE INCEPTION

TOP SHAREHOLDERS

RESEARCH COVERAGE

Corporate Summary

BANK OF AMERICA MERRILL LYNCH Michael JalonenBMO CAPITAL MARKETS Andrew KaipCANACCORD GENUITY Peter BuresCIBC WORLD MARKETS Cosmos ChiuCORMARK DESJARDINS

Richard GrayMichael Parkin

DUNDEE Josh WolfsonGMP Ian ParkinsonHAYWOOD Tara HassanMACQUARIE CAPITAL MARKETS Michael SipercoNATIONAL BANK FINANCIAL Shane NaglePARADIGM CAPITAL Don BlythRBC CAPITAL MARKETS Dan RollinsSCOTIA CAPITAL Trevor TurnbullTD SECURITIES Carey MacRury

22

VAN ECK ASSOCIATES CORPORATION 18,875,902 17.70%TOCQUEVILLE ASSET MANAGEMENT, L.P. 5,175,736 4.85%CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC 4,983,862 4.67%MONTRUSCO BOLTON INVESTMENTS, INC 4,846,845 4.54%BLACKROCK INVESTMENT MANAGEMENT (U.K.), LTD 4,138,362 3.88%

FIRST EAGLE INVESTMENT MANAGEMENT, LLC 3,991,137 3.74%PSP INVESTMENTS 3,526,232 3.31%EDGEPOINT INVESTMENT GROUP, INC. 3,206,877 3.01%T. ROWE PRICE ASSOCIATES, INC. 3,144,900 2.95%M&G INVESTMENT MANAGEMENT, LTD 2,226,748 2.09%

OR

APPENDIX

24

Mineral Reserves and Resources

1. Agnico Eagle and Yamana public disclosure – as at December 31, 20162. Goldcorp public disclosure – as at June 30, 20163. Richmont public disclosure – as at December 31, 2016

CANADIAN MALARTIC1

RESERVES

CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)

Proven 0.95 1.57 51.1

Probable 1.13 5,53 152.5

Total Proven & Probable 1.08 7.10 203.7

GLOBAL RESOURCES (EXCLUDING RESERVES)*

CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)

Measured 1.34 0.17 4.0

Indicated 1.56 1.12 22.2

Total Meas. & Ind. 1.53 1.29 26.2

Inferred 1.46 0.43 9.2

ÉLÉONORE2

RESERVES

CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)

Total Proven & Probable 6.07 4.57 23.44

GLOBAL RESOURCES (EXCLUDING RESERVES)

CATEGORY AU GRADE (G/T) AU (M OZ) TONNES (MT)

Total Meas. & Ind. 5.66 0.93 5.14

Inferred 7.52 2.35 9.73

ISLAND GOLD3

RESERVES

CATEGORY AU GRADE (G/T) AU (K OZ) TONNES (KT)

Proven 8.68 159.8 573

Probable 9.31 592.4 1,978

Total Proven & Probable 9.17 752.2 2,551

GLOBAL RESOURCES (EXCLUDING RESERVES)

CATEGORY AU GRADE (G/T) AU (K OZ) TONNES (KT)

Measured 4.94 5.35 33.5

Indicated 6.01 86.10 445.5

Total Meas. & Ind. 5.94 91.45 479.0

Inferred 10.18 995.7 3,042