Author: lboivin

New Mineralized Zone Discovered in Main Caribou Corridor and

Caribou Corridor Extension Confirmed on 500 Metre Step Out Line

(Montréal, March 22, 2017).  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Québec.  The current 400,000 metre drill program combines definition drilling above the Red Dog intrusion (“Red Dog”), expansion drilling above and below Red Dog, expansion drilling to the NE of the main deposit, and exploration drilling on the greater deposit and Urban-Barry Project area.  New analytical results from 8 drill holes focused on infill and expansion drilling in the Caribou Corridor are reported in this release, with significant assay results presented in the table below.

Significant new results include:  15.6 g/t Au over 5.8 metres in OSK-W-16-766-W1 in a new mineralized zone discovered in the main Caribou Corridor; 15.0 g/t Au over 3.5 metres in OSK-W-17-778; and 7.21 g/t Au over 6.5 metres in OSK-W-17-787 in the newly confirmed Caribou Extension.  Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole No.	From (m)	To (m)	Interval (m)	Au (g/t) uncut	Zone	Corridor
OSK-W-17-776	797.0	803.0	6.0	6.42	Caribou	Caribou
including	797.7	800.3	2.6	10.1
OSK-W-17-766-W1	674.8	680.6	5.8	15.6	New Zone CS1 FW	Caribou
including	676.5	679.5	3.0	27.6
OSK-W-17-777	617.0	621.0	4.0	9.01	CS3	Caribou
including	618.0	619.0	1.0	18.5
OSK-W-17-778	545.0	547.7	2.7	13.5	Crustiform veins	Caribou
including	546.6	547.0	0.4	90.2
	642.7	646.2	3.5	15.0	CS1	Caribou
including	643.5	644.5	1.0	48.7
OSK-W-17-781	518.5	520.5	2.0	15.3	Crustiform veins	Caribou
including	519.5	520.5	1.0	30.4
OSK-W-17-786	664.0	668.9	4.9	6.64	CS3	Caribou
OSK-W-17-787	507.9	514.4	6.5	7.21	Caribou Extension	Caribou
including	512.6	513.6	1.0	24.1
OSK-W-17-789	526.1	533.5	7.4	5.12	CS1	Caribou
including	527.9	530.0	2.1	16.4

Hole Number	Azimuth (°)	Dip (°)	Length (m)	UTM E	UTM N	Section
OSK-W-17-776	330	-57	858.5	452851	5434434	2800
OSK-W-17-766-W1	328	-55	742.5	452690	5434340	2600
OSK-W-17-777	339	-58	714.3	452678	5434499	2675
OSK-W-17-778	331	-58	700.1	452689	5434338	2600
OSK-W-17-781	332	-61	1520.0	452844	5434221	2700
OSK-W-17-786	337	-55	718.5	452673	5434412	2625
OSK-W-17-787	333	-63	1207.3	453324	5435040	3500
OSK-W-17-789	331	-58	1279.5	452546	5434390	2500

Caribou Corridor

OSK-W-17-776 tested the down-plunge extension of the Caribou Zone and intersected 6.42g/t Au over 6.0 metres. This intercept is located 115 metres down-plunge from previously reported hole OSK-W-16-753 (7.92 g/t Au over 7.5 metres). The zone consists of 1 to 5% pyrite stringers and disseminations at the contact between a porphyry and mafic volcanics.

OSK-W-17-766-W1 intersected a new zone in the Caribou Corridor with 15.6 g/t Au over 5.8 metres. This new zone, located 40 metres in the footwall of the CS1 Zone, consists of 2 to 15% pyrite stringers with several specks of visible gold. This zone was cross-cut at depth by Red Dog.

OSK-W-17-777 extended the CS3 zone by 16 metres in its down-dip extension with 9.01 g/t Au over 4.0 metres. The zone contains 15% pyrite stringers hosted in a strongly silicified and sericitized porphyry dyke.

OSK-W-17-778 is an infill hole on the CS1 zone assaying 15.0 g/t Au over 3.5 metres. The hole is located 57 metres up and to the east of previously reported hole OBM-15-560 (11.0 g/t Au over 6.1 metres). The zone contains of 10-30% pyrite stringers hosted in strongly silicified and sericitized andesite. This hole also intersected 13.5 g/t Au over 2.7 metres in a crustiform vein containing several specks of visible gold located in the hanging wall of Caribou Zone.

OSK-W-17-781 intersected 15.3 g/t Au over 2.0 metres in a zone containing 5-10% pyrite stringers and crustiform veinlets located in the footwall of a shear zone. The hole also extended the CS1 zone down-plunge by 120 metres with 3.05 g/t Au over 2.5 metres in a bleached andesite containing 5-10% pyrite stringers.

OSK-W-17-786 tested the continuity of the CS3 zone and extended the zone by another 35 metres in its down-plunge extension with 6.64 g/t au over 4.9 metres. This intercept is located 30 metres down-plunge of OSK-W-17-777 described above. Mineralization consists of 5-10% pyrite stringers and disseminations hosted in silicified and sericitized andesite.

OSK-W-17-789 is an infill hole testing the CS1 Zone. It returned 5.12 g/t Au over 7.4 metres in silicified and sericitized porphyry dyke containing 7% pyrite stringers. This new intercept is located 60 metres down plunge of previously reported hole OSK-W-16-749 (12.7 g/t Au over 5.4 metres) and 60 metres up-plunge from previously reported hole OSK-W-16-706 (8.65 g/t Au over 3.0 metres).

Caribou Corridor Extension Drilling

OSK-W-17-787 confirms high grade gold mineralization on the 500 metre step-out section testing the ENE extension of the Caribou Corridor.  The new hole intersected 7.21 g/t Au over 6.5 metres (including 24.1 g/t Au over 1 metre) in a silicified rhyolite containing 4-7% pyrite stringers and disseminations and crustiform veining. This intersection is located 60 metres above and 100 metres east of hole previously reported OSK-W-16-755 (2.1 g/t Au over 4.9 metres) which indicated the possible extension of the Caribou Corridor.  Further results are pending for this hole.

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Jean-Philippe Desrochers, Ph.D., P.Geo. Senior 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 of the new exploration intercepts below Red Dog reported in this press release have yet to be determined. Additional drilling is planned for the immediate area which will enable the true width determination. True widths of intercepts in the zones above the Red Dog are estimated at 65-80% of the reported core length intervals.  Assays are uncut except where indicated, and calculated intervals are reported over a minimum length of 2 metres using a lower cutoff of 3 g/t Au. All NQ core assays reported were obtained by either 1 kilogram whole rock metallic screen/fire assay or standard 50 gram fire-assaying with AA or gravimetric finish at ALS Laboratories in Val dOr, Québec or Sudbury, Ontario. The 1 kilogram metallic screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. All 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 and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.

About the Windfall Lake Gold Deposit
The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The current mineral resource 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. Mineralization 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-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 $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 significance of new results from the ongoing drill program at the Windfall Lake gold project; five new drills being added by the end of this month; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling above Red Dog, expansion drilling above and below Red Dog, expansion drilling to the NE of the main deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities; 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”, “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 ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements 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; 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.

The securities offered under the financings of the Corporation announced on February 6, 2017 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 such securities in any State in which such offer, solicitation or sale would be unlawful.

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

(Montréal, March 15, 2017).  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce new results from the ongoing drill program at its 100% owned Garrison gold project located in Garrison Township, Ontario.  The current 35,000 metre drill program is designed to further test the known Garrcon, Jonpol and 903 zones.  A total of ten new holes are reported in this release, with significant assay results presented in the table below.

Significant new results include:  10.9 g/t Au over 3.9 metres in OSK-G17-331, 13.8 g/t Au over 2.0 metres in OSK-G17-324, 1.07 g/t Au over 32.4 metres in OSK-G17-328 and 1.38 g/t Au over 26.0 metres in OSK-G16-317.

The new results have demonstrated the potential to expand the extent of known mineralization in the 903 zone and along strike west of the Garrcon zone. The ongoing drill program for 2017 will continue to follow new extensions of the mineralized zones within the Garrcon, Jonpol and 903 zones.

Maps and sections showing hole locations and complete drilling results are available at www.osiskomining.com. 

Notes:  True Widths are estimated at 65 – 80% of the reported core length interval.  See “Quality Control” below.

OSK-G16-317 was a vertical hole targeting 100 metres west of hole OSK-G16-209X in the Garrcon Deep Zone.  Drilling in the Garrcon resource intersecting shallow mineralization averaging 1.38 g/t Au over 26.0 metres.  Hole OSK-G17-317A was a wedge from hole OSK-G16-317 which did intersect the target zone, including 4.6 g/t Au over 2.0 metres and 6.4 g/t Au over 2.0 metres. 

OSK-G17-331 drilled through the Destor Porcupine Fault Zone, intersected the 903 Zone and later along the footwall of the fault zone intersected the western extension of the Garrcon Zone, including an interval averaging 10.9 g/t Au over 3.9 metres. This represents a 650 metre extension west of the defined Garrcon Zone resource area.  Additional drill holes are planned to follow up on these potentially significant new results.  The mineralization within the hole shows the same character as the Garrcon Zone with areas of strong silicification and alteration of the Temiskaming metasediments.

OSK-G17-324 targeted the western extension of the 903 Zone and intersected 13.8 g/t Au over 2.0 metres within syenite.  This hole is 500 metres west of previously reported results from drill hole OSK-G17-326 (16.7 g/t Au over 16.4 metres).

OSK-G17-328 was drilled within the central section of the 903 Zone and intersected an interval averaging 1.07 g/t Au over 32.4 metres within altered syenite.

OSK-G17-332 was drilled within the central portion of the 903 Zone intersecting shallow gold mineralization averaging 1.09 g/t Au over 17.0 metres.

OSK-G17-321, 327, 330, 335 and 342 did not return any significant intervals.

Qualified Person
The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Greg Matheson, P.Geo. Senior Project Manager of the Garrison 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
True widths of the new exploration intercepts reported in this press release have yet to be determined. Additional drilling is planned for the immediate area which will enable the true width determination. Assays are uncut except where indicated, and calculated intervals are reported over a minimum length of 2 metres using a lower cutoff of 3 g/t Au. All HQ core assays reported were obtained by either whole sample rock metallic screen/fire assay or standard 30 gram fire-assaying with AA finish at SGS Minerals Services in Cochrane, Ontario. The whole sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold initial fire assay values greater than 4g/t. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays

About the Garrison Project
The Garrison Project area is comprised of 214 mineral claims, 25 mining leases, and 87 patent claims encompassing approximately 8,000 hectares.

Both Garrcon and Jonpol have resource estimates that are described in a technical report prepared in accordance with NI 43-101, which was completed by a previous operator Northern Gold Mining Inc. (entitled “Technical Report on the Golden Bear Project – Garrison Property: Larder Lake Mining Division, Garrison Township, Ontario, Canada”) dated December 30, 2013, with an effective date of December 30, 2013 (the “Garrison Technical Report”). The Garrison Technical Report was prepared by A.C.A. Howe International Limited for Northern Gold Mining Inc. (a wholly-owned subsidiary of Osisko) and is available on Osiskos website at www.osiskomining.com and on SEDAR under Northern Gold Mining Inc.s issuer profile at www.sedar.com.

Resource estimates were conducted by A.C.A. Howe International Limited according to CIM standards. The Garrcon Zone estimates showed 15.1 million tonnes with an average grade of 1.07 g/t Au (521,000 oz) in measured resources; 14.1 million tonnes averaging 1.16 g/t Au (526,000 oz) in indicated resources; and 1.7 million tonnes averaging 0.72 g/t Au (39,000 oz) in inferred resources. Potential underground resources of 5.1 million tonnes averaging 3.49 g/t Au (577,000 oz) in the inferred category were also outlined. Resources were reported at a cut-off grade of 0.4 g/t Au for open pit extraction and 1.5 g/t in a bulk underground mining scenario using a gold price of US$1,250/oz.

At the Jonpol Zone, resources were estimated as 0.87 million tonnes averaging 5.34 g/t Au (150,000 oz) in the indicated category; and 1.07 million tonnes averaging 5.56 g/t Au (192,000 oz) in inferred resources. Resources were reported at a cut-off grade of 3.0 g/t Au and assume an underground extraction scenario using a gold price of US$1,250/oz.

Readers are cautioned that inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher category. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Garrcon Zone
The Garrcon Zone has a shallow plunge eastward along the footwall of the Destor-Porcupine Fault Zone with the bulk of the resource in the western, more densely drilled area. The zone is exposed at surface and has potential for open pit bulk mining at an estimated overall stripping ratio of 1.8:1. There is potential for additional underground resources below the pit and along the easterly plunge of the zone, which is open for further exploration down dip and along strike.

The Garrcon shaft was sunk in 1935 and 1936 by the Consolidated Mining and Smelting Co. of Canada (“Cominco”) and the Shaft and South Zones were tested for high grade gold mineralization. Cominco drove approximately 1,430 metres of drifts and cross cuts, mining underground veins. Diamond drilling by Cominco and Lac Minerals Ltd. in the mid-to-late 1980s identified broad sections of low grade mineralization. In 2006-2007, ValGold Resources Ltd. conducted additional drilling confirming these zones. From 2009-2013 Northern Gold Mining Inc. conducted 97,000 metres of diamond drilling which delineated the current resource.

In 2014, Northern Gold Mining Inc. was granted a trial mining permit allowing the extraction of up to 150,000 tonnes. Northern Gold Mining Inc. mined 73,534 dry tonnes which was processed at the nearby Holt mill facility recovering 3,516.3 oz at an average head grade of 1.55 g/t and recovery of 95.9%. The trial production permit remains active.

Jonpol Zone
Jonpol is situated in the Munro Fault Zone, a west striking splay off the north side of the Destor-Porcupine Fault. Hosted in a shear zone tens of metres wide in altered mafic volcanic rocks, the deposit consists of four high grade gold mineralized zones (JP, JD, RP and East) over a strike length of 1.7 kilometers. Gold mineralization is hosted in quartz carbonate veins, in mafic and ultramafic host rocks, and is associated with intense albite and/or sericite alteration and pyrite mineralization.

In 1997, a 49,087 tonne bulk sample was extracted from the central part of the JP zone by Hillsborough Resources Limited with an average grade of 6.7 g/t which produced 9,476 ounces Au. From 1985-2013, over 130,000 metres of drilling was completed on the property by previous operators. Development work on the JP zone included the sinking of a 184 metre shaft as well as development of a ramp to the 150 metre level with mining on six sublevels. The Jonpol infrastructure underwent reclamation in the late 1990s and was closed out in 2001, but the existing ramp and shaft are preserved.

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 Garrcon and Jonpol zones 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 and has approximately $190 million in cash and equity investment.

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 ongoing drill program at the Garrison gold project; results of the current 35,000 metre drill program; the significance of new drill results reported in this press release; the ability of new drill results to demonstrate potential for expansion of the previously defined Garrcon, Jonpol and 903 mineralized zones at the Garrison project; the scope of the 2017 drill program; that the 2017 drill program will follow new extensions of these mineralized zones to further define the scale of mineralization at the Garrison project; potential mineralization; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities; 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”, “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 ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements geological modelling; the ability of Osisko to complete further exploration activities, including drilling; property interests; 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.

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

Shallow High-Grade Mineralization Intersected on 400 Metre Step-Out in Lynx Zone

Not for Distribution to U.S. News Wire Services or for Dissemination in the United States

(Montréal, February 15, 2017).  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Québec.  The current 400,000 metre drill program combines definition drilling above the Red Dog intrusion (“Red Dog”), expansion drilling above and below Red Dog, expansion drilling to the NE of the main deposit, and exploration drilling on the greater deposit and Urban-Barry Project area.  Twelve drills are currently active on the Windfall deposit, at the Black Dog discovery, and on the greater project area.  Five additional drills will be added by the end of this month.  New analytical results from one drill hole focused on expansion and infill drilling in the Lynx Corridor are reported in this release, with significant assay results presented in the table below.

Significant new results include:  64.3 g/t Au over 2.3 metres and 19.4 g/t Au over 2.0 metres in OSK-W-16-761.  Maps showing hole location and full analytical results are available at www.osiskomining.com.

Hole No.	From (m)	To (m)	Interval (m)	Au (g/t) uncut	Au (g/t)  cut to 100 g/t	Zone	Corridor
OSK-W-16-761	54.5	56.5	2.0	19.4		Lynx FW	Lynx
and	64.7	67.0	2.3	71.3	64.3

Hole Number	Azimuth (°)	Dip (°)	Length (m)	UTM E	UTM N	Section
OSK-W-16-761	330	-61	1387.5	453181	5434996	3375

Lynx Corridor

OSK-W-16-761, located on the 400 metre step out drill fence from the main Windfall deposit, tested the up-dip extension of the Lynx Footwall Zone, 50 metres below surface.  The hole intersected 64.3 g/t Au over 2.3 metres (71.3 g/t Au over 2.3 metres uncut) and 19.4 g/t Au over 2.0 metres in a strongly silicified magmatic breccia containing 1-3% pyrite stringers and disseminations.  This intercept is located 87 metres above previously reported OSK-W-16-755 (which returned 8.12 g/t Au over 2.0 metres) and 180 metres west of previously reported OSK-W-16-760 (which intersected 42.7 g/t Au over 9 metres cut, 95.3 g/t Au uncut over 9.0 metres at approximately 200 metres vertical depth in main Lynx Zone).  The main Lynx Zone is located to the SE of this drill hole collar and was not tested by OSK-W-16-761.

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Jean-Philippe Desrochers, Ph.D., P.Geo. Senior 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 of the new exploration intercepts below Red Dog reported in this press release have yet to be determined. Additional drilling is planned for the immediate area which will enable the true width determination. True widths of intercepts in the zones above the Red Dog are estimated at 65-80% of the reported core length intervals.  Assays are uncut except where indicated, and calculated intervals are reported over a minimum length of 2 metres using a lower cutoff of 3 g/t Au. All NQ core assays reported were obtained by either 1 kilogram whole rock metallic screen/fire assay or standard 50 gram fire-assaying with AA or gravimetric finish at ALS Laboratories in Val dOr, Québec or Sudbury, Ontario. The 1 kilogram metallic screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. All 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 and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.

About the Windfall Lake Gold Deposit
The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The current mineral resource 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. Mineralization 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-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 $200 million in cash and investments (pro-forma after giving effect to the financings announced by the Corporation on February 6, 2017, which are expected to close on or about February 28, 2017, subject to regulatory and exchange approvals).

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 significance of new results from the ongoing drill program at the Windfall Lake gold project; five new drills being added by the end of this month; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling above Red Dog, expansion drilling above and below Red Dog, expansion drilling to the NE of the main deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities; 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”, “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 ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements 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; 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.

The securities offered under the financings of the Corporation announced on February 6, 2017 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 such securities in any State in which such offer, solicitation or sale would be unlawful.

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

Not for Distribution to U.S. News Wire Services or for Dissemination in the United States

(Montréal, February 14, 2017).  Osisko Mining Inc. (OSK:TSX, “Osisko” or the “Corporation”) is pleased to announce new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Québec.  The current 400,000 metre drill program combines definition drilling above the Red Dog intrusion (“Red Dog”), expansion drilling above and below Red Dog, expansion drilling to the NE of the main deposit, and exploration drilling on the greater deposit and Urban-Barry Project area.  Twelve drills are currently active on the Windfall deposit, at the Black Dog discovery, and on the greater project area.  Five additional drills will be added by the end of this month.  New analytical results from three drill holes focused on expansion and infill drilling in the Caribou and Underdog corridors are reported in this release, with significant assay results presented in the table below.

Significant new results include:  9.76 g/t Au over 7.3 metres in OSK-W-16-754, 7.61 g/t Au over 7.0 metres and 8.95 g/t Au over 2.1 metres in OSK-W-16-762; and 9.10 g/t Au over 2.6 metres in OSK-W-16-743-W2.  Maps showing hole locations and full analytical results are available at www.osiskomining.com.

Hole No.	From (m)	To (m)	Interval (m)	Au (g/t)	Zone	Corridor
OSK-W-16-743-W2	1373.7	1376.3	2.6	9.10	FW2	Underdog
including	1374.5	1375.3	0.8	27.5
OSK-W-16-754	1422.7	1430.0	7.3	9.76	FW3	Underdog
including	1424.0	1425.6	1.6	34.6
OSK-W-16-762	622.0	624.0	2.0	8.89	CS1 FW	Caribou
including	623.0	624.0	1.0	17.7
OSK-W-16-762	666.0	673.0	7.0	7.61	CS3	Caribou
OSK-W-16-762	682.0	684.1	2.1	8.95	CS3 FW	Caribou
OSK-W-16-762	693.0	696.0	3.0	4.47	New	Caribou
including	694.0	695.0	1.0	7.24

Hole Number	Azimuth (°)	Dip (°)	Length (m)	UTM E	UTM N	Section
OSK-W-16-743 W2	333	-64	1626.7	452651	5434237	2525
OSK-W-16-754	331	-59	1564.5	452766	5434303	2675
OSK-W-16-762	332	-56	775.5	452729	5434411	2675

Underdog Corridor

Drill holes OSK-W-16-754 and OSK-W-743-W2 expanded the mineralization in the Underdog Corridor. This sector is identified as a high priority for drilling due to its potential to quickly generate new mineral resources.  The FW3 Zone, to date identified over an area of 640 metres laterally and 730 metres vertically, remains open up and down plunge.

OSK-W-16-754 intersected 9.76 g/t Au over 7.3 metres in a moderately sericitized and silicified porphyry dike containing 4-8% pyrite stringers.  This intersection is located 160 metres down plunge from previously drilled OBM-15-564 (which returned 5.32 g/t Au over 2.1 metres) and confirms the extension of the high grade FW3 gold mineralization to a vertical depth of 1,190 metres.  This hole also indicates that the FW3 Zone remains open at depth and down-plunge.

OSK-W-16-743-W2 intersected 9.10 g/t Au over 2.6 meters, extending the FW2 Zone by 265 metres down-plunge from previously drilled OSK-W-16-743-W1 (which returned 8.13 g/t Au over 2.6 metres), and 210 metres below the previously drilled DDH OSK-W-16-743 (which returned 47.0 g/t Au over 2.6 metres; 303.1 g/t Au over 2.6 metres uncut).  Mineralization consists of traces to 10% pyrite stringers and disseminations in a strongly silicified and sericitized fragmental porphyry dike. The FW0 Zone returned 3.52 g/t Au over 2.9 metres in a strongly sericitized andesite containing 3-10% pyrite stringers and disseminations. 

Caribou Corridor

OSK-W-16-762 intersected several parallel zones of the Caribou Corridor.  The Caribou South 3 (CS3) Zone was expanded by 87 metres in its SW extension with 7.61 g/t Au over 7.0 metres at the contact between a strongly sericitized and silicified andesite and porphyry dikes.  The CS3-FW Zone intersected 8.95 g/t Au over 2.1 metres in a weakly sericitized andesite containing 2-3% pyrite stringers and disseminations.  The CS1 Zone returned 8.89 g/t Au over 2.0 metres in a weakly sericitized andesite containing 1-3% pyrite stringers.

Qualified Person
The scientific and technical content of this news release has been reviewed, prepared and approved by Mr. Jean-Philippe Desrochers, Ph.D., P.Geo. Senior 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 of the new exploration intercepts below Red Dog reported in this press release have yet to be determined. Additional drilling is planned for the immediate area which will enable the true width determination. True widths of intercepts in the zones above the Red Dog are estimated at 65-80% of the reported core length intervals.  Assays are uncut except where indicated, and calculated intervals are reported over a minimum length of 2 metres using a lower cutoff of 3 g/t Au. All NQ core assays reported were obtained by either 1 kilogram whole rock metallic screen/fire assay or standard 50 gram fire-assaying with AA or gravimetric finish at ALS Laboratories in Val dOr, Québec or Sudbury, Ontario. The 1 kilogram metallic screen assay method is selected by the geologist when samples contain coarse gold or present a higher percentage of pyrite than surrounding intervals. All 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 and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.

About the Windfall Lake Gold Deposit
The Windfall Lake gold deposit is located between Val-dOr and Chibougamau in the Abitibi region of Québec, Canada. The current mineral resource 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. Mineralization 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-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 $200 million in cash and investments (pro-forma after giving effect to the financings announced by the Corporation on February 6, 2017, which are expected to close on or about February 28, 2017, subject to regulatory and exchange approvals).

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 significance of new results from the ongoing drill program at the Windfall Lake gold project; five new drills being added by the end of this month; the significance of assay results presented in this press release; the type of drilling included in the drill program (definition drilling above Red Dog, expansion drilling above and below Red Dog, expansion drilling to the NE of the main deposit, and exploration drilling on the greater deposit and Urban-Barry project area); potential mineralization; the ability to realize upon any mineralization in a manner that is economic; the ability to complete any proposed exploration activities and the results of such activities; 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”, “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 ability of exploration activities (including drill results) to accurately predict mineralization; errors in managements 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; 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.

The securities offered under the financings of the Corporation announced on February 6, 2017 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 such securities in any State in which such offer, solicitation or sale would be unlawful.

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