Author: lboivin

Canada 150 Project to Find and Recover Lost Arrow Free Flight Models

(Toronto, July 14, 2017)  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”)  is proud to announce that it is a participating sponsor in the search for and recovery of nine Avro Arrow free flight models launched over Lake Ontario in series of tests during 1954 – 1957.  The models are one-eighth scale replicas of the famed flying jet, and were part of the final flight design test work done prior to the production of the CF-105 Arrow.  The goal of the search is to discover the resting place of the nine models, recover and ultimately house them at the Canada Aviation and Space Museum in Ottawa and the National Air Force Museum of Canada in Trenton, Ontario. 

The search and recovery program is a Canada 150 collaborative effort spearheaded by OEX Recovery Group Incorporated, sponsored by Osisko group companies Osisko Mining Inc. and Osisko Gold Royalties Ltd., in collaboration with their financial partners at National Bank, the Bank of Montreal, Canaccord Genuity, Maxit Capital, Eight Capital and Northfield Capital; the Canada Aviation and Space Museum (CASM), Royal Canadian Air Force (RCAF), the Canadian Conservation Institute, and Bennett Jones LLP.  Support for this project is also being provided by Scarlett Janusas Archaeology, Canadian Coast Guard, the Royal Canadian Military Institute and Canada Company.

Later this month Kraken Sonar Inc. of St. John’s (PNG:TSXV) will deploy its ThunderFish® Autonomous Underwater Vehicle and AquaPix® Synthetic Aperture Sonar system in Lake Ontario to search for the scale models of the Avro Arrow.  The highly-advanced Canadian jet fighter and development program was abruptly cancelled in 1959.

The CF-105 Arrow performed well during in-flight tests and many thought it would put Canada at the forefront of military aviation.  When the program was cancelled in 1959, over 30,000 employees and sub-contractors lost their jobs as a direct result of the program’s cancellation.  Many Avro engineers went on to work at Lockheed, Boeing, and NASA, and others to Britain, often cited as an example of Canadian Brain Drain.  All materials related to the Avro Arrow were ordered destroyed, including six completed jet fighters, production tooling, and development-related materials.  The only known artifacts from the program remaining to be found are the free flight test models, which for over sixty years have rested somewhere on the bottom of Lake Ontario.   For Avro Arrow historians, the roughly one-eighth size models are something of a holy grail, since they were the flying replicas of the actual aircraft and the last step from design testing prior to production of the actual flying jets.

The free flight models were launched over Lake Ontario in a series of flights conducted between 1954 and 1957 to test the aerodynamic qualities of the aircraft design prior to a production model and were successively increased in sophistication.

The free flight models were attached to high-powered booster rockets launched out over the lake from a military test site east of Toronto.  After separating from the booster rockets the models flew at supersonic speeds. Their onboard sensors, revolutionary for the 1950s, transmitted flight data back to engineers on the ground.  At the end of each flight the models lost velocity, crashed into the water and sank.

In the past, privately funded missions have attempted to locate and recover the lost models, but all have failed due inadequate funding, water depths, search area size and the amount of metal debris on the bottom – according to military records, more than 600 missiles were launched from the same site, which was also used as an artillery range in the 1930’s.

This summers search for the Avro Arrow free flight models can be likened to the hunt for Sir John Franklin’s lost ships.  The first vessel – the HMS Erebus – was discovered in September 2014 by a Canadian expedition team that included participation by Kraken engineers and its AquaPix® Synthetic Aperture Sonar technology.  However, the Arrow free flight models are far smaller targets.  While the full-size Arrow measured 24 metres long with a 15-metre wingspan, each free flight test model was just 3 metres long with a wingspan of 2 metres.

Like the hunt for Franklin’s lost ships, the search for the Arrow free flight models began with detailed analysis of historical information to narrow the search area as much as possible.  In the Arrow’s case, scientists, engineers and historians from the Osisko group, Kraken and the RCAF used historical research, the collection of archival material at CASM, interviews with former Avro employees and computer-aided ballistic trajectory and flight data modeling to develop the search grids.

John Burzynski, President and CEO of Osisko Mining Inc. stated: “As professional explorers in the mining business, we initiated this program about a year ago with the idea of bringing back a piece of lost Canadian history to the Canadian public.  As individuals, as a company, as a group, and with our partners and our project participants in this search effort, we all have the same goal in mind:  to find and return these beautiful pieces of Canadian technology to the public eye, during this anniversary year of our incredible country.  Like Avro, our own corporate group was built on dreams, and this project is a proud reminder of what we as Canadians have done, what we Canadians do, and what we Canadians can do.”

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-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry and Quévillon areas(over 3,300 square kilometres), a 100% interest in the Marban project located in the heart of Québecs 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 Corporation also holds interests and options in a number of additional properties in northern Ontario and Québec.  Osisko continues to be well financed with approximately $190 million in cash and investments.

For further information please contact:
John Burzynski, President and Chief Executive Officer
Telephone: (416) 363-8653

Receives Authorization to Begin Ramp Dewatering

(Toronto, June 6, 2017).  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce that it has filed the Project Description with the federal government (Canadian Environmental Assessment Agency or “CEAA”) and the Preliminary Project Information with the Québec government (Ministère du Développement durable, de lEnvironnement et de la Lutte contre les changements climatiques or “MDDELCC”) for the Windfall Lake project.  The Project Description report is available at www.osiskomining.com. Following review of both documents, CEAA and MDDELCC will provide Osisko with guidelines for executing the project impact assessment.

John Burzynski, President and CEO of Osisko commented:  “Submission of the Project Description and the Preliminary Project Information to the federal and provincial governments represents the first step in the Environmental Approval Processes for Windfall.  We look forward to consulting with all stakeholders as the design of the Windfall Lake project evolves.”

Osisko also received approval from the MDDELCC for the mine water treatment system.  This certificate of authorization (“CA“) allows Osisko to begin dewatering the previously existing ramp in order to conduct advanced exploration, through extending the ramp that was commenced by previous operators. 

Mr. Burzynski continued:  “Receipt of the CA for the ramp dewatering activities is an exciting step in the advancement of the next phase of exploration.  After rehabilitation of the existing ramp, it will allow us to continue to drive forward into the mineralized zones, as well as conduct further exploratory drilling from underground in conjunction with the surface drilling program.”

The Corporation is currently evaluating the Windfall Lake gold project as a potential underground mining operation.  Osisko is well-funded with approximately $190 million in cash and equity investments, and is carrying out an intensive definition drilling and large-scale exploration campaign on Windfall and the surrounding area.  An updated NI 43-101 resource estimate on the Windfall Lake project is planned for release in the second half of 2017.  Osisko has commenced collection of environmental baseline data in the vicinity of Windfall and intends to collect additional data along the potential haul road and around the proposed  site of a mill complex near an existing industrial property (the former Domtar Corporation pulp and paper mill) in Lebel-sur-Quévillo, Québec (the “Site”).

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-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry and Lebel-sur-Quévillon areas, a 100% interest in the Marban project located in the heart of Québecs prolific Abitibi gold mining district, and properties in Ontario, including the Jonpol and Garrcon deposits on the Garrison property. Osisko continues to be well financed with approximately $190 million in cash and investments.  Osisko Gold Royalties Ltd. (OR:TSX / NYSE) is a significant shareholder of the Corporation with approximately 14% ownership.

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. 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”, “managements 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 identify 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 timing to obtain feedback, and the nature of the feedback to be received, in relation to the Project Description filed with the federal government (Canadian Environmental Assessment Agency) and the Project Notice filed with the provincial government (Ministère du Développement durable, de lEnvironnement et de la Lutte contre les changements climatiques); feasibility of the Site as a potential mill complex to process mineralized material (if any) from the Windfall Lake gold deposit; the timing and ability to evaluate, if at all, the Site location through the environmental assessment process and to prepare, if at all, feasibility studies for the Windfall Lake gold project; the Site being located on Crown land; the advantages, if any, of the Site over construction at Windfall Lake; receipt of the CA for the ramp dewatering activities in relation to the next phase of exploration, including further exploratory drilling from underground in conjunction with the surface drilling program; the timing and ability, if at all, to extend the ramp and conduct advanced exploration;  the timing and ability if at all, to prepare a technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects in respect of a resource estimate on the Windfall Lake gold project; the use of environmental baseline data; the ability of Osisko to complete further exploration activities; 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; dilution; 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.  This news release has been translated into French. Any discrepancies between the English and French versions of this news release, including in this “Cautionary Note Regarding Forward-Looking Information”, shall be resolved in favour of the English version.

CONTACT INFORMATION:
John Burzynski
President & Chief Executive Officer
(416) 363-8653

(Toronto, May 15th, 2017)  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce that it has mailed materials relating to its Annual and Special Meeting of shareholders (the “Meeting”) being held on June 8, 2017 at 10 a.m. (Toronto Time).

Shareholders of Osisko are being asked to vote on the election of Directors, reappoint PricewaterhouseCoopers LLP as auditors and approve the Corporation’s incentive plans. The Board of Directors recommends a vote in favour of all proposed resolutions.

Materials for the Meeting, including Osiskos management proxy circular (the “Proxy Circular”), have been filed under the Corporations profile on SEDAR at www.sedar.com and are also available on the Corporations website at www.osiskomining.com. Shareholders of Osisko are encouraged to read the Proxy Circular in detail and vote well in advance of the proxy cut-off time on June 6, 2017 at 10 a.m. (Toronto Time).

Shareholder Questions

Shareholders who have any questions or require assistance with voting may contact Osiskos Proxy Solicitation Agent:

Laurel Hill Advisory Group
Toll Free: 1-877-452-7184
International: +1 416-304-0211 outside Canada and the US
By Email: assistance@laurelhill.com

(Montréal, April 27, 2017). Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce, further to its announcement on March 15, 2017, that it has acquired an additional land package in the area of Lebel-sur-Quévillon, Québec (the “Additional Quévillon Claims”) from Deloitte Restructuring Inc., acting as trustee in bankruptcy for the assets, undertakings and properties of  Maudore Minerals Ltd. With the acquisition of the Additional Quévillon Claims, Osisko now holds a total of 4,150 claims covering a 216,000 hectare (2,160 square kilometres) land package (the “Quévillon Project”).

The Quévillon Project includes approximately 30 known gold showings as well as the historical Osbell gold deposit, which is located 17 kilometres northwest of the town of Lebel-sur-Quévillon and 112 kilometres west of the Windfall Lake gold deposit. The Osbell deposit has been the object of significant historical drilling over the past fifteen years, and will be the focus of new drilling and resource re-evaluation by Osisko.

Osisko acquired the Additional Quévillon Claims in exchange for $1 million in cash and 100,000 common shares of the Corporation payable to FBC Holdings SARL, the secured creditor over the Additional Quévillon Claims. The listing of the common shares of the Corporation to FBC Holdings SARL remains subject to the final approval of the Toronto Stock Exchange, and such shares will be subject to a hold period expiring four months and one day from the date hereof.

Qualified Person
The scientific and technical content of this press release has been reviewed by Mr. Robert Wares, P.Geo. Executive Vice President Exploration for Osisko Mining Inc., a “qualified person” as defined by National Instruments 43-101 – Standards of Disclosure for Mineral Projects.

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-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), a 100% interest in the Marban project located in the heart of Québecs 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 Ontario. Osisko continues to be well financed with approximately $195 million in cash and investments (after giving effect to the closing of the offering announced earlier today by the Corporation).

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. 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”, “managements 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 identify 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 timing and ability, if at all, to transfer the Additional Quévillon Claims to Osisko; the timing and ability, if at all, to obtain final listing approval of the Toronto Stock Exchange for the issuance of 100,000 common shares of the Corporation to FBC Holdings SARL; the potential, if any, of the Additional Quévillon Claims; the prospectivity and potential of the regional land package in the area of Lebel-sur-Quévillon, Québec; the Additional Quévillon Claims being a high-potential gold target in the immediate area of the historical Osbell deposit; the ability of Osisko to complete further exploration activities, including drilling; property interests in Québec; 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; dilution; 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.

CONTACT INFORMATION:
John Burzynski
President & Chief Executive Officer
(416) 363-8653

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

(Toronto, April 27, 2017) – Osisko Mining Inc. (TSX:OSK) (“Osisko” or the “Corporation”) is pleased to announce, further to its announcements on April 18, 2017, that the Corporation has completed a private placement financing of 700,000 flow-through common shares of the Corporation (the “Flow-Through Shares”) at a price of $7.15 per Flow-Through Share, for aggregate gross proceeds of $5,005,000 (the “Offering”). The Offering was underwritten by Canaccord Genuity Corp. and Eight Capital, as co-lead underwriters.

The Corporation intends to use the gross proceeds of the Offering to fund “Canadian exploration expenses” (within the meaning of the Income Tax Act (Canada)) related to Osiskos projects in the Province of Ontario, specifically the Jonpol and Garrcon deposits on the Garrison property located in the Larder Lake Mining Division in northeast Ontario.

All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date hereof. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

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-dOr and Chibougamau in Québec and holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares), a 100% interest in the Marban project located in the heart of Québecs 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 Ontario. Osisko continues to be well financed with approximately $195 million in cash and investments (after giving effect to the Offering).

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 and projections as at the date of this news release. The information in this news release about the Offering; the timing and ability of the Corporation to complete the formal documentation and obtain the final listing approval of the Toronto Stock Exchange, if at all; the use of the gross proceeds from the Offering; that the gross proceeds of the Offering will be used for “Canadian exploration expenses” (as defined in subsection 66.1(6) of the Income Tax Act (Canada)) related to Osiskos project in the Province of Ontario, specifically the Jonpol and Garrcon deposits on the Garrison property located in the Larder Lake Mining Division in northeast Ontario; that all such “Canadian exploration expenses” will be renounced with an effective date no later than December 31, 2017; 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, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “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 identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of Osisko, 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 Offering; volatility in the trading price of common shares of the Corporation; risks relating to the ability of the Corporation to obtain required approvals, including the final approval of Toronto Stock Exchange; ability of Osisko to complete further exploration activities, including drilling; property interests; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; dilution; 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 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.

For further information please contact:

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