Category: Investors

 (Montreal, July 11, 2016).  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 the Urban Township, Québec. The expanded 100,000 metre drill program combines definition drilling above the Red Dog intrusion (‘Red Dog’), expansion drilling above and below Red Dog and exploration drilling on the greater property area.

Highlights from 7 new drill holes include: 45.8 g/t Au over 2.0 metres and 8.90 g/t Au over 8.0 metres in DDH OBM-16-658, 30.2 g/t Au over 2.4 metres in DDH OBM-16-663; 29.3 g/t Au over 2.5 metres in DDH OBM-16-668 and 10.9 g/t Au over 4.2 metres in DDH OBM-16-663. The new results continue to demonstrate lateral and vertical continuity of high grade gold mineralization in Zone 27 and the Caribou Zone, and also highlight new zones developing between those two major mineralized corridors.  The table below outlines significant new results⁽¹⁾⁽²⁾:

Hole	From (m)	To (m)	Interval (m)	Au (g/t)	Zone
OBM-16-614-W1	1020.1	1023.0	2.9	4.96	New zone
including	1020.7	1021.3	0.6	17.9
	1204.0	1206.0	2.0	3.40	FW1
including	1204.0	1205.0	1.0	6.30
OBM-16-655	207.0	209.5	2.5	3.82	New zone
	410.0	412.0	2.0	10.8	Tourmaline vein
	550.0	550.3	0.3	75.5	Vein in Red Dog
	917.5	928.5	11.0	5.30	New zone
including	924.0	928.5	4.5	10.2
OBM-16-658	380.0	382.0	2.0	45.8	Caribou South 1
including	380.0	381.0	1.0	90.0
	519.0	527.0	8.0	8.90	Caribou North 2
including	521.0	521.8	0.8	18.8
and	522.4	523.4	1.0	37.1
OBM-16-660	125.1	132.0	6.9	7.25	Caribou
including	129.6	130.7	1.1	24.3
OBM-16-663	233.7	236.1	2.4	30.2(3)	New zone
including	233.7	234.4	0.7	169
	383.5	395.2	11.7	5.38	Zone 27
including	384.3	388.5	4.2	10.9
OBM-16-667	111.6	114.0	2.4	3.70	Quartz-tourmaline vein
OBM-16-668	129.1	131.5	2.4	4.67	Caribou hanging wall
including	130.0	130.6	0.6	17.6
	197.0	199.0	2.0	6.36	New zone
including	198.0	199.0	1.0	12.7
	220.5	223.0	2.5	29.3	New zone
including	222.1	223.0	0.9	76.1
	351.6	355.6	4.0	7.54	Zone 27

Notes:

1. For complete drilling results please see www.osiskomining.com.
2. True widths are estimated at 65-80% of the reported core length interval. See “Quality Control” below. 
3. High grade values cut to 100 g/t Au.

Drill Hole Collar Coordinates and Information:

Hole Number	Azimuth (°)	Dip (°)	Length (m)	UTM E	UTM N	Section
OBM-16-614-W1	333.0	-60.0	1519.5	452850	5434380	2775
OBM-16-655	333.0	-61.0	955.5	452436	5434355	2400
OBM-16-658	332.9	-60.4	925.5	452612	5434621	2650
OBM-16-660	329.1	-51.5	427.5	452376	5434670	2500
OBM-16-663	330.0	-53.0	451.5	452402	5434658	2525
OBM-16-667	330.0	-55.0	526.5	452406	5434601	2500
OBM-16-668	330.3	-45.0	442.5	452448	5434673	2575

DDH OBM16-614-W1 is a wedge started at 894 metres in OBM-16-614 aimed to intersect the FW-3 Zone. OBM-16-614-W1 duplicated a new zone below the Red Dog dyke (“Red Dog”), 5 metres from OBM-16-614 (11.2 g/t Au over 3.4 metres, Osisko press release dated April 14, 2016). This new zone returned 4.96 g/t Au over 2.9 m at 1020.1 metres in a moderately silicified porphyry dyke containing 3 to 5% pyrite stringers and disseminations. The FW-3 zone returned 4.22 g/t Au over 2.0 metres in a silicified porphyry dyke containing 2-3% pyrite stringers and disseminations. This intercept represents one of the deepest intercepts on the FW-3 zone and demonstrates the continuity of the gold mineralization at depth.

DDH OBM-16-655 intersected 10.8 g/t Au over 2.0 metres in tourmaline veins above Red Dog and 10.2 g/t Au over 4.5 metres in a new zone between the FW-1 and FW-3 zones below Red Dog in a silicified and sericitized porphyry dyke containing 4-5% pyrite stringers and disseminations.

DDH OBM-16-658 was designed to intersect several parallel zones above Red Dog.  The hole extended the Caribou South 1 by an additional 29 metres up-dip with 45.8 g/t Au over 2.0 metres.  It also extended the Caribou North 2 zone by 30 metres down-dip with 8.9 g/t over 8.0 metres.  The hanging wall of Zone 27 zone returned 8.80 g/t Au over 0.8 metres, with the rest of the zone cut at depth by Red Dog.

DDH OBM-16-660 tested the Caribou zone and Zone 27. The Caribou zone returned 7.25 g/t Au over 6.9 metres in a strongly silicified porphyry dyke containing up to 20% pyrite stringers and disseminations with traces of sphalerite. Zone 27 was intersected at 301.7 metres down hole and returned 2.24 g/t Au over 3.7 metres in an altered andesite with up to 8 percent pyrite.

DDH OBM-16-663 intersected Zone 27 at 300 metres and returned 10.9 g/t Au over 4.2 metres in a wider zone which returned 5.38 g/t Au over 11.7 metres, hosted in silicified porphyry dyke containing 5% pyrite stringers and dissemination. The drillhole also intersected a potential new zone which returned 30.2 g/t Au over 2.4 metres between the Caribou and Zone 27.

DDH OBM-16-667 did not intersect significant gold mineralization in the targeted Zone 27.

DDH OBM-16-668 expanded the high grade eastern sector of Zone 27 with 7.54 g/t Au over 4.0 metres in a silicified porphyry dyke containing 5-7% pyrite stringers and disseminations with traces of chalcopyrite.  A high grade interval returning 29.3 g/t Au over 2.5 metres was also intersected between the Caribou Zone and Zone 27.

Qualified Person

The scientific and technical content of this press release has been reviewed 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

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. All NQ core assays reported were obtained by either 1 kg 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 kg 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 analysed 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 QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC 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, Quebec, 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 Company also holds interests and options in a number of additional properties in northern Ontario. Osisko is well financed with approximately $94 million in cash, cash equivalents and marketable securities (pro-forma financing announced June 27, 2016).

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 pending drilling, ongoing drill program, 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, 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 property interests; ability of Osisko to complete further exploration activities, including drilling; 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
Telephone: (416) 363-8653

(Montréal, June 16, 2016) Osisko Mining Inc. (OBM: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 55,000 metre drill program combines definition drilling above the Red Dog intrusion (“Red Dog”) and expansion drilling above and below Red Dog.

Highlights from three new drill holes above Red Dog include: 30.6 g/t Au over 3.1 metres; 9.04 g/t Au over 5.8 metres; and 8.30 g/t Au over 3.0 metres in DDH OBM-16-656; and 178 g/t Au over 0.3 metres, 4.64 g/t Au over 10.2 metres and 7.34 g/t Au over 3.0 metres in DDH OBM-16-664. The new results continue to demonstrate lateral and vertical continuity of high grade gold mineralization in Zone 27 and the Caribou Zone. The table below outlines significant new results⁽¹⁾⁽²⁾:

Hole	From (m)	To (m)	Interval (m)	Au (g/t)	Zone
OBM-16-656	60.40	62.50	2.1	6.48	Caribou
	67.70	73.40	5.7	6.19	Caribou
including	72.50	73.40	0.9	24.4
	195.50	198.30	2.8	3.39	–
including	197.80	198.30	0.5	9.20
	255.2	261.00	5.8	9.04	Hanging wall of Zone 27
including	260.00	260.50	0.5	73.8
	273.30	276.40	3.1	30.6	Zone 27
including	274.20	275.30	1.1	70.8
	296.00	299.00	3.0	8.30	Zone 27
including	296.00	297.00	1.0	22.2
OBM-16-662	129.3	131.4	2.1	3.09	Hanging wall of Caribou
OBM-16-664	172.90	175.90	3.0	7.34	Caribou
including	173.70	174.60	0.9	17.8
	439.30	449.50	10.2	4.64	Zone 27
including	439.30	440.00	0.7	29.7
and	449.00	449.50	0.5	19.1
	453.00	453.30	0.3	178	Crustiform vein

Notes:

(1) For complete drilling results please see www.osiskomining.com.
(2) True widths are estimated at 65-80% of the reported core length interval. See “Quality       Control” below.

Drill Hole Collar Coordinates and Information:

DDH OBM-16-656 tested the Caribou Zone and Zone 27 at 40 metres and 220 metres below surface respectively. Two parallel mineralized corridors were intersected in the Caribou Zone and returned 6.48 g/t gold over 2.1 metres and 6.19 g/t Au over 5.7 metres respectively. Both intercepts consist of up to 15 percent pyrite in stringers and dissemination. Zone 27 returned two parallel intercepts averaging 30.6 g/t Au over 3.1 metres and 8.30 g/t Au over 3.0 metres respectively, confirming the continuity of high grade material in this part of the deposit.  DDH OBM-16-656 also intersected a pyritic stockwork within the hanging wall of Zone 27 which averaged 9.04 g/t Au over 5.8 metres.

DDH OBM-16-662 targeted the Caribou Zone at 125 meters below surface and intersected 3.09 g/t Au over 2.1 metres in an interval located within the hanging wall of the Caribou Zone. The Caribou Zone returned 0.95 g/t Au over 6.0 metres in a zone characterized by 5% pyrite stringers and silicification.

DDH OBM-16-664 intersected the Caribou Zone at 140 metres below surface and Zone 27 at 355 metres below surface. The Caribou Zone returned 7.3 g/t Au over 3.0 metres from an interval containing 8% pyrite in stringers and disseminations and also intersected a crustiform vein containing visible gold hosted in an altered felsic volcanic flow.  Zone 27 returned 4.64 g/t Au over 10.2 metres at the contact between a porphyry dyke and an altered andesite containing 5% pyrite stringers and disseminations. The crustiform vein returned 178 g/t Au over 0.3 metres in the footwall of Zone 27.

Qualified Person

The scientific and technical content of this press release has been reviewed by Mr. Jean-Philippe Desrochers, PhD, P.Geo. Senior Project Manager for Osisko at 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

True widths are estimated at 65-80% of the reported core length intervals. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum individual assays of 3.0 g/t Au and minimum weighted averages of 3.0 g/t Au averaged over core lengths of a minimum of 2 metres. All NQ core assays reported were obtained by either 1 kg screen fire assay or standard 50 gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec or Sudbury, Ontario. The 1 kg 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 analysed 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 QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

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, Quebec, 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 Company also holds interests and options in a number of additional properties in northern Ontario. Osisko is well financed with approximately $74 million in cash, cash equivalents and marketable securities.

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 pending drilling, ongoing drill program, 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, 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 property interests; ability of Osisko to complete further exploration activities, including drilling; 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

(Toronto, May 12, 2016).  Oban Mining Corporation (OBM:TSX, “Oban” 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 – Barry Townships, Québec. The 55,000 metre drill program combines definition drilling above the Red Dog intrusion (“Red Dog”) and expansion drilling above and below Red Dog.

Highlights from 16 new drill holes include: 17.22 g/t Au over 3.9 metres in DDH OBM-16-642; 25.2 g/t Au over 2.3 metres in DDH OBM-16-643; 9.94 g/t Au over 5.3 metres in DDH OBM-16-651; and 9.55 g/t Au over 2.4 metres in DDH OBM-16-649. The new results continue to demonstrate lateral and vertical continuity of high grade gold mineralization in Zone 27 and the Caribou Zone, and also highlights new zones continuing to develop between these two major mineralized corridors.  The table below outlines significant new results⁽¹⁾⁽²⁾:

Hole	From (m)	To (m)	Interval (m)	Au (g/t)	Zone
OBM-16-642	318.40	321.00	2.60	10.0	New zone
	510.00	521.00	11.0	3.46	Caribou North-2
	934.00	937.90	3.90	17.22(3)	FW3
including	934.00	934.30	0.30	264
OBM-16-643	35.00	38.00	3.00	4.95	Caribou
	245.60	247.90	2.30	25.2(3)	Zone 27
including	245.60	246.10	0.50	254
	261.70	264.00	2.30	5.03	Zone 27 footwall
OBM-16-645	219.90	222.00	2.10	5.67	Zone 27 footwall
OBM-16-647	100.80	103.00	2.20	5.00	Caribou
OBM-16-649	37.00	39.10	2.10	4.37	Caribou
	48.60	51.00	2.40	9.55	Caribou
	81.00	83.50	2.50	3.33	Caribou
	95.50	98.00	2.50	3.93	Caribou
OBM-16-651	157.50	163.80	5.30	9.94	Zone 27 footwall
including	163.30	163.80	0.50	53.3

Notes:
	(1) For complete drilling results please see www.obanmining.com. (2) True widths are estimated at 65-80% of the reported core length interval. See “Quality Control” below.
	(3) High grade values cut to 100 g/t Au.

Drill Hole Collar Coordinates and Information:

Hole Number	Azimuth (°)	Dip (°)	Length (m)	UTM E	UTM N	Section
OBM-16-639	330.0	60.0	267.5	452718	5434727	2825
OBM-16-640	330.0	50.0	400.5	452212	5434605	2325
OBM-16-642	330.0	60.0	1091.3	452718	5434727	2825
OBM-16-643	330.0	50.0	301.5	452217	5434581	2325
OBM-16-645	330.0	50.0	397.5	452204	5434629	2325
OBM-16-647	330.0	46.0	121.5	452387	5434654	2500
OBM-16-648	330.0	65.0	88.5	452327	5434651	2450
OBM-16-649	150.0	77.0	127.5	452267	5434644	2400
OBM-16-650	330.0	45.0	139.5	452750	5434829	2900
OBM-16-651	320.0	44.0	187.5	452213	5434676	2350
OBM-16-653	330.0	51.0	112.5	452728	5434963	2950
OBM-16-654	330.0	52.0	268.5	452135	5434592	2253

OBM-16-642 (section 2825) tested the up-plunge extension of high grade intercept in EAG-13-493 along Zone 27-3 and the FW3 below Red Dog. The targeted FW3 lens returned 17.22 g/t Au over 3.90 metres and expands the high grade gold zone immediately below Red Dog.  OBM-16-642 intersected a new zone assaying 10.0 g/t Au over 2.60 metres in a strongly pyritic and silicified rhyolitic host rock. The Caribou North 2 Zone, which returned 3.46 g/t Au over 11.0 metres, including 5.51 g/t Au over 4.00 metres and 4.59 g/t Au over 2.60 metres respectively, has been expanded by 90 metres down-plunge to the ENE.  Zone 27-3 returned 2.45 g/t Au over 2.0 metres.

OBM-16-643 (section 2325) targeted the upper portion of the Caribou Zone and Zone 27 in the western part of the deposit. The Caribou Zone returned 4.95 g/t Au over 3.00 metres, confirming the continuity of mineralization. This intercept is located 26 metres northeast of EAG-10-232 (11.6 g/t Au over 2.3 metres) and shows the continuity of mineralization. This hole also intersected 25.2 g/t Au over 2.30 meters in Zone 27 and 5.03 g/t Au over 2.30 metres in the Zone 27 footwall. 

OBM-16-645 (section 2325) tested Zone 27 at 170 metres below surface and intersected 5.67 g/t Au over 2.10 metres in a pyritic stockwork typical of this zone.

OBM-16-647 (section 2500) was designed to infill the Caribou Zone and returned 5.00 g/t Au over 2.20 meters in a moderately faulted and altered gabbroic rock.

OBM-16-649 (section 2400) is a definition drill hole that targeted the upper portion of the Caribou Zone. This drill hole intersected several gold bearing zones including 9.55 g/t Au over 2.40 metres confirming the presence of shallow high grade mineralization. 

OBM-16-651 (section 2350) tested the shallow portion of Zone 27 and confirmed the extension of high grade gold mineralization with an intersection assaying 9.94 g/t Au over 5.3 metres, hosted in a vertical porphyry dyke. This intersection, combined with the result in DDH OBM-16-645, increases Zone 27 higher grade mineralization by 50 metres in an area previously interpreted as lower grade.

OBM-16-639 (section 2825), OBM-16-640 (section 2325), OBM-16-648 (section 2450), OBM-16-650 (section 2900), OBM-16-653 (section 2950) and OBM-16-654 (section 2250) returned no significant intersections.

Qualified Person

The scientific and technical content of this press release has been reviewed by Mr. Jean-Philippe Desrochers, PhD, P.Geo. Senior Project Manager for 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

True widths are estimated at 65-80% of the reported core length intervals. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum individual assays of 3.0 g/t Au and minimum weighted averages of 3.0 g/t Au averaged over core lengths of a minimum of 2 metres. All NQ core assays reported were obtained by either 1 kg 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 kg 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 analysed 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 QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC 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, Quebec, 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 Oban Mining Corporation

Oban is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Oban 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 Company also holds interests and options in a number of additional properties in northern Ontario. Oban is well financed with approximately $74 million in cash, cash equivalents and marketable securities.

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 pending drilling, ongoing drill program, 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, 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 Oban, 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 Oban 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 property interests; ability of Oban to complete further exploration activities, including drilling; 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, Oban 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 Oban nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Oban 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

Hole

(Toronto, le 14 avril 2016) Oban Mining Corporation (OBM : TSX, « Oban » ou la « Société ») a le plaisir dannoncer de nouveaux résultats issus du programme de forage en cours sur le projet aurifère du Lac Windfall, entièrement détenu par la Société et situé dans les cantons dUrban et de Barry au Québec. Le programme de forage de 55 000 mètres combine du forage de définition au-dessus de lintrusif Red Dog (« Red Dog ») et du forage dexpansion au-dessus et en-dessous de Red Dog.

Les meilleurs résultats des neuf nouveaux sondages comprennent des teneurs de 24,7 g/t Au sur 6,8 mètres dans le prolongement du sondage EAG-11-254; 5,21 g/t Au sur 11,2 mètres dans le sondage OBM-16-609; 18,9 g/t Au sur 2,4 mètres dans le sondage OBM-16-616; 6,94 g/t Au sur 5,7 mètres dans le sondage OBM-16-617; et 11,2 g/t Au sur 3,4 mètres dans le sondage OBM-16-614. Les nouveaux résultats continuent de démontrer la continuité latérale et verticale de la minéralisation à haute teneur en or dans la zone 27 et révèlent la présence de nouvelles zones de minéralisation aurifère sous Red Dog. Le tableau ci-dessous présente les nouveaux résultats significatifs⁽¹⁾⁽²⁾:

Sondage	De (m)	À (m)	Intervalle (m)	Au (g/t)	Zone
EAG-11-254 ext.	684,1	690,9	6,8	24,7(3)	FW3
incluant	686,5	688,7	2,2	59,7(3)
OBM-16-605	320,0	322,0	2,0	3,64	Zone Caribou
OBM-16-609	426,5	437,7	11,2	5,21	Zone 27
OBM-16-611	87,0	91,5	4,5	4,44	Partie supérieure de la zone 27
	177,6	182,0	4,4	3,44	Zone 27
incluant	177,6	178,5	0,9	5,70
OBM-16-613	151,0	153,2	2,2	4,83	Zone Caribou
	157,8	160,0	2,2	4,43	Éponte inférieure de la zone Caribou
OBM-16-614	1026,8	1030,2	3,4	11,2	Nouvelle zone entre FW1 et FW3
incluant	1029,9	1030,2	0,3	84,9
	1036,7	1039,0	2,3	3,99
OBM-15-615	54,5	57,0	2,5	4,35	Zone 27
OBM-16-616	122,4	124,8	2,4	18,9	FW3
incluant	123,8	124,5	0,7	37,3
OBM-16-617	44,3	50,0	5,7	6,94	Zone 27

Notes :

(1)  Pour tous les résultats de forage, veuillez consulter : www.obanmining.com.
(2) Lépaisseur réelle est estimée à 65-80 % des longueurs présentées dans laxe de forage. Voir la section « Contrôle de la qualité » ci-dessous.
(3) Les valeurs à haute teneur ont été coupées à 100 g/t Au.

Coordonnées des collets de forage et autres renseignements :

Le prolongement du sondage EAG-11-254 (section 2500) ciblait la zone FW3 sous Red Dog à une profondeur de 570 mètres. Le sondage a obtenu une teneur de 24,7 g/t Au sur 6,8 mètres, de 684,1 à 690,9 mètres, dans une andésite séricitisée et fortement silicifiée contenant entre 5 et 30 % de pyrite en stockwerk au contact avec un dyke porphyrique. Cette intersection de forage est située à 63 mètres au-dessus dans laxe de plongée dune autre intersection dans le sondage EAG-11-289 dont les résultats ont déjà été publiés et qui présentait une teneur de 9,96 g/t Au sur 5,8 mètres. Cette nouvelle intersection permet daugmenter létendue de la zone FW3 immédiatement sous Red Dog.

OBM-16-605 (section 2575) était un sondage intercalaire ciblant la zone Caribou et la zone 27. Les deux zones ont été recoupées; elles présentent une altération forte à modérée en silice avec un peu de pyrite et ont livré des teneurs anomales en or. Un autre intervalle titrant 3,64 g/t Au sur 2,0 mètres a été obtenu à 12 mètres de léponte supérieure de la zone 27.

OBM-16-607 na pas rencontré daltération ni de valeurs en or significatives.

OBM-16-609 (section 2550) ciblait la zone Caribou et la zone 27. Une teneur de 5,21 g/t Au sur 11,2 mètres a été obtenue à 320 mètres de profondeur, dans un dyke porphyrique altéré et minéralisé au contact avec une unité de volcanites mafiques altérées.

OBM-16-611 (section 2250) ciblait la zone 27 à 30 mètres à lest dune intersection dans le sondage OBM-16-608 dont les résultats ont déjà été publiés et qui présentait une teneur de 10,3 g/t Au sur 9,3 mètres. Le nouveau sondage a obtenu une teneur de 3,44 g/t Au sur 4,4 mètres dans un stockwerk de pyrite déformé contenant entre 5 et 10 % de pyrite et encaissé dans des coulées volcaniques felsiques et mafiques altérées. Le sondage a aussi livré une teneur de 4,44 g/t Au sur 4,5 mètres dans la partie supérieure de la zone 27.

OBM-16-612 (section 2775) a été abandonné et a été repris avec le sondage OBM-16-614.

OBM-16-613 (section 2550) est un sondage intercalaire qui a recoupé deux intervalles aurifères distincts dans la zone Caribou, avec des teneurs de 4,83 g/t Au sur 2,2 mètres et 4,43 g/t Au sur 2,2 mètres à 151 mètres le long du trou. Les deux intervalles se trouvent au-dessus du sondage EAG-13-526 dont les résultats ont déjà été publiés et qui présentait une teneur de 5,46 g/t dor sur 3,0 mètres, confirmant ainsi la continuité de la minéralisation aurifère.

OBM-16-614 (section 2775) ciblait la zone FW3 sous Red Dog. Le sondage a recoupé une nouvelle zone de minéralisation à 820 mètres, livrant une teneur de 11,22 g/t Au sur 3,4 mètres. Cette intersection représente la zone la plus au sud recoupée en forage sous Red Dog jusquà maintenant et indique un potentiel pour de nouvelles découvertes sous lintrusif. Le sondage a été interrompu avant datteindre la zone FW3 en raison de problèmes techniques mais une déviation a été forée avec le sondage OBM-16-614 W1 (résultats à venir).

OBM-16-615 (section 2200) ciblait la minéralisation à faible profondeur dans la zone 27 et a livré une teneur de 4,35 g/t Au sur 2,5 mètres dans une rhyolite faiblement silicifiée contenant de 2 à 3 % de filonnets de pyrite.

OBM-16-616 (section 1675) ciblait le prolongement à faible profondeur dans la partie sud-ouest de la zone FW3 sous Red Dog. Une teneur de 18,9 g/t Au sur 2,4 mètres a été obtenue dans une rhyolite fortement silicifiée contenant 20 % de filonnets de pyrite avec 7 % de sphalérite et des traces de galène.

OBM-16-617 (section 2150) avait pour but de vérifier la partie supérieure de la zone 27 à 50 mètres au sud-ouest du sondage OBM-16-615. La zone a été recoupée et a livré une teneur de 6,94 g/t Au sur 5,7 mètres dans un dyke de gabbro contenant de 1 à 2 % de pyrite.

Personne qualifiée

Le contenu scientifique et technique du présent communiqué a été révisé par M. Jean-Philippe Desrochers, Ph.D., géo., chef de projet principal sur le projet du Lac Windfall et personne qualifiée tel que défini par le Règlement 43-101 sur linformation concernant les projets miniers (le « Règlement 43-101 »).

Contrôle de la qualité

Lépaisseur réelle des intervalles est estimée à 65-80 % des longueurs présentées dans laxe de forage. Les résultats danalyse nont pas été coupés, sauf indication contraire. Les intersections se trouvent à lintérieur des limites géologiques des principales zones minéralisées mais nont pas été corrélées à des domaines filoniens individuels pour linstant. Les intervalles présentés comprennent uniquement des teneurs individuelles à lanalyse dau moins 3,0 g/t Au et des teneurs moyennes pondérées dau moins 3,0 g/t Au sur des longueurs dau moins 2 mètres dans laxe de forage. Tous les résultats danalyse de carottes de forage de calibre NQ ont été obtenus soit par pyroanalyse avec tamisage métallique sur des fractions de 1 kilogramme ou par pyroanalyse standard avec fini par absorption atomique ou fini gravimétrique sur des fractions de 50 grammes aux laboratoires ALS de Val-d’Or (Québec) ou de Sudbury (Ontario). La méthode danalyse par tamisage métallique sur une fraction de 1 kilogramme est privilégiée par le géologue lorsque léchantillon contient de lor grossier ou présente un pourcentage plus élevé de pyrite que les sections avoisinantes. Tous les échantillons ont aussi été analysés pour plusieurs éléments incluant largent, par la méthode Aqua Regia-ICP-AES aux laboratoires ALS. La conception du programme de forage, le programme dassurance-qualité/contrôle de la qualité (AQ/CQ) et linterprétation des résultats sont effectués par des personnes qualifiées appliquant un programme dAQ/CQ conforme au Règlement 43-101 et aux meilleures pratiques de lindustrie. Des échantillons de référence et des blancs sont insérés à tous les 20 échantillons dans le cadre du programme dAQ/CQ par la Société et par le laboratoire. Environ 5 % des pulpes déchantillons sont expédiés à dautres laboratoires pour des analyses de vérification.

À propos du gîte aurifère du Lac Windfall

Le gîte aurifère du Lac Windfall est situé entre Val-d’Or et Chibougamau, dans la région de lAbitibi au Québec (Canada). Les ressources minérales sont présentement estimées à 2 762 000 tonnes à 8,42 g/t Au (748 000 onces) dans la catégorie indiquée et 3 512 000 tonnes à 7,62 g/t Au (860 000 onces) dans la catégorie présumée (tiré dun rapport technique daté du 10 juin 2015, intitulé « Preliminary Economic Assessment of the Windfall Lake Gold Property, Quebec, Canada » avec une date deffet au 28 avril 2015, préparé conformément au Règlement 43-101). Le gîte aurifère du Lac Windfall est actuellement lun des projets à létape des ressources avec les plus hautes teneurs en or au Canada. La majeure partie de la minéralisation se trouve dans la zone Principale, orientée sud-ouest/nord-est et formée dun empilement de lentilles minéralisées, qui mesure environ 600 mètres de large par au moins 1 400 mètres de long. Le gîte est bien défini de la surface jusquà une profondeur de 500 mètres et demeure ouvert latéralement et en profondeur. De la minéralisation a été identifiée à seulement 30 mètres sous la surface dans certains secteurs et jusquà 870 mètres de profondeur dans dautres secteurs; il existe donc un grand potentiel détendre la zone de minéralisation connue vers la surface et en profondeur dans laxe de plongée.

À propos de Oban Mining Corporation

Oban est une société dexploration minière axée sur lacquisition, lexploration et la mise en valeur de propriétés de ressources de métaux précieux au Canada. Oban détient 100 % du gîte aurifère à haute teneur du Lac Windfall, situé entre les villes de Val-dOr et Chibougamau au Québec, ainsi quune participation indivise de 100 % dans un important groupe de claims dans le secteur avoisinant dUrban-Barry (82 400 hectares), en plus dune participation de 100 % dans le projet Marban, situé au cœur du prolifique district minier aurifère de lAbitibi au Québec. Oban détient aussi des propriétés dans le district minier de Larder Lake, dans le nord-est de lOntario, qui couvrent notamment les gîtes Jonpol et Garrcon sur la propriété Garrison, lancienne mine Buffonta et la propriété minière Gold Pike. La Société détient aussi des participations et des options visant plusieurs autres propriétés dans le nord de lOntario. Oban est bien financée puisquelle dispose denviron 74 millions de dollars en trésorerie, en équivalents de trésorerie et en titres négociables.

Mise en garde à légard des renseignements prospectifs

Le présent communiqué contient des « renseignements prospectifs » au sens attribué à ce terme par les lois canadiennes applicables sur les valeurs mobilières, qui sont basés sur les attentes, les estimations et les projections en date du présent communiqué. Les renseignements dans le présent communiqué portant sur les résultats de forage à venir, le programme de forage en cours, la minéralisation potentielle, la capacité de mettre en valeur toute minéralisation dune façon économique, la capacité de réaliser toute activité dexploration proposée et les résultats de ces activités, la continuité ou lextension de toute minéralisation, ainsi que tout autre renseignement dans les présentes qui nest pas un fait historique, pourraient constituer des « renseignements prospectifs ». Tout énoncé qui implique des discussions à légard de prévisions, dattentes, dopinions, de plans, de projections, dobjectifs, dhypothèses, dévénements ou de rendements futurs (utilisant souvent, mais pas forcément, des expressions comme « sattend » ou « ne sattend pas », « est prévu », « anticipe » ou « nanticipe pas », « planifie », « budget », « échéancier », « prévisions », « estime », « est davis », « a lintention », ou des variations de ces expressions ou des énoncés indiquant que certaines actions, événements ou résultats « pourraient » ou « devraient » se produire, « se produiront » ou « seront atteints ») nest pas un énoncé de faits historiques et pourrait constituer des renseignements prospectifs et a pour but didentifier des renseignements prospectifs. Ces renseignements prospectifs reposent sur des hypothèses raisonnables et des estimations faites par la direction dOban au moment où elles ont été formulées, impliquent des risques connus et inconnus, des incertitudes et dautres facteurs qui pourraient faire en sorte que les résultats réels, le rendement ou les réalisations dOban soient sensiblement différents des résultats, du rendement ou des réalisations futurs explicitement ou implicitement indiqués par de tels renseignements prospectifs. Ces facteurs comprennent notamment les risques se rapportant à la participation de la Société dans des propriétés; la capacité dOban de réaliser dautres activités dexploration incluant du forage; les résultats des activités dexploration; les risques liés aux activités minières; la conjoncture économique mondiale; les prix des métaux; la dilution; les risques environnementaux; et les actions communautaires et non gouvernementales. Bien que les renseignements prospectifs contenus dans le présent communiqué soient basés sur des hypothèses considérées raisonnables de lavis de la direction au moment de leur publication, Oban ne peut garantir aux actionnaires et aux acheteurs éventuels que les résultats réels seront conformes aux renseignements prospectifs, puisquil pourrait y avoir dautres facteurs qui auraient pour effet que les résultats ne soient pas tels quanticipés, estimés ou prévus, et ni Oban ni aucune autre personne nassume la responsabilité pour la précision ou le caractère exhaustif des renseignements prospectifs. Oban nentreprend et nassume aucune obligation dactualiser ou de réviser tout énoncé prospectif ou tout renseignement prospectif contenu dans les présentes en vue de refléter de nouveaux événements ou de nouvelles circonstances, sauf si requis par la loi.

Pour plus dinformation, veuillez communiquer avec :
John Burzynski
Président et chef de la direction
Téléphone : (416) 363-8653

OBAN INTERSECTS 24.24 g/t Au OVER 5.0 METRES AT WINDFALL
Expands High Grade Zone on Western End of Deposit with 10.31 g/t Au over 9.3 Metres

(Toronto, March 30, 2016) Oban Mining Corporation (OBM:TSX, “Oban” 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 Barry Township, Québec. The ongoing 55,000 metre drill program combines definition drilling above the Red Dog intrusion (“Red Dog”) and expansion drilling above and below Red Dog.

Highlights from 4 new drill holes include: 24.24 g/t Au over 5.0 metres in DDH OBM-16-610; 10.31 g/t Au over 9.3 metres in DDH OBM-16-608; 9.44 g/t Au over 3.3 metres in DDH OBM-16-598; and 14.13 g/t Au over 3.0 metres in DDH OBM-16-602. The new results continue to demonstrate the lateral and vertical continuity of high grade gold mineralization on the western end of the deposit. The table below outlines significant results from the new drill holes⁽¹⁾⁽²⁾:

Hole		From (m)	To (m)	Interval (m)	Au (g/t)	Zone
OBM-16-598		504.7	508.0	3.3	9.44	Caribou S1
including		507.0	508.0	1.0	25.1
		1115.0	1122.4	7.4	5.56	FW3
including		1121.9	1122.4	0.5	56.8
OBM-16-602		193.5	196.5	3.0	14.1	–
including		194.5	195.1	0.6	68.2
		407.0	409.0	2.0	7.84	FW1
including		407.6	408.1	0.5	25.7
OBM-16-608		87.0	89.1	2.1	5.64	–
		177.3	186.6	9.3	10.3(3)	Zone 27
including		183.0	183.5	0.5	232
		201.2	205.0	3.8	7.21	Footwall of Zone 27
OBM-16-610		198.1	207.1	9.0	3.08	Zone 27
		221.0	226.0	5.0	24.24	Footwall of Zone 27
including		223.5	224.5	1.0	419

Notes:
	(1)  For complete drilling results please see www.obanmining.com. (2) True widths are estimated at 65-80% of the reported core length interval. See “Quality       Control” below.
	(3) High grade values cut to 100 g/t Au.

Drill Hole Collar Coordinates and Information:

Drilling above Red Dog is focused on expanding the known zones and upgrading the level of confidence in the mineral resource. Drilling below Red Dog is focused on testing three major corridors of mineralization and alteration (FW-1, FW-3, FW-4) oriented ENE and dipping steeply to the SE, similar to the known zones of the Main Zone defined above Red Dog. Some of the deeper holes are designed to test gold mineralization both above Red Dog and the corridors of mineralization and alteration below Red Dog.

OBM-16-598 (section 2875) targeted the FW3 lens below Red Dog at 950 meters below surface. The FW3 zone was intersected from 1115.0 to 1122.4 metres and returned 5.56 g/t Au over 7.4 metres in a foliated and altered andesite containing 1-5% pyrite and quartz veinlets. Above the Red Dog intrusion, the hole intersected the Caribou S1 zone with 9.44 g/t Au over 3.3 metres and expanded the zone by 65 metres to the ENE where it remains open in all directions.

OBM-16-602 (section 1700) targeted the western extension of the Main Zone in a sparsely drilled sector below Red Dog. This sector is located 300 metres to the southwest of the modelled gold-bearing zones. OBM-16-602 intersected 14.13 g/t Au over 3.0 metres at 193.5 metres (immediately below the Red Dog intrusion) in an altered andesite containing 2-5% pyrite, and represents a new mineralized zone. At 407 metres, 7.84 g/t Au over 2.0 metres was intersected in an altered porphyry dyke containing 5% pyrite, possibly representing the western extension of the FW1 zone below Red Dog.

OBM-16-608 (section 2225) returned 10.31 g/t Au over 9.3 metres, including 232 g/t Au over 0.5 metres in Zone 27 and 7.21 g/t over 3.8 metres in the footwall of Zone 27. The first intercept confirms the high grade extension of Zone 27 on the western end of the deposit over 200 metres vertically and extending the zone to the east of previously reported high grade gold (11.39 g/t Au over 19.9 metres, news release March 18, 2016).

OBM-16-610 (section 2225) intersected 3.81 g/t Au over 4.9 metres 20 metres below drill hole OBM-16-608 in Zone 27, and also intersected a parallel zone in the footwall of Zone 27 with 24.24 g/t Au over 5.0 metres.

Qualified Person

The scientific and technical content of this press release has been reviewed by Mr. Gernot Wober, P.Geo. Vice President Exploration for Oban Mining Corporation, Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control

True widths are estimated at 65-80% of the reported core length intervals. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum individual assays of 3.0 g/t Au and minimum weighted averages of 3.0 g/t Au averaged over core lengths of a minimum of 2 metres. All NQ core assays reported were obtained by either 1 kg screen fire assay or standard 50 gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec or Sudbury, Ontario. The 1 kg 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 analysed 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 QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

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, Quebec, 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 Oban Mining Corporation

Oban is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. Oban 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 Company also holds interests and options in a number of additional properties in northern Ontario. Oban is well financed with approximately $74 million in cash, cash equivalents and marketable securities.

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 pending drilling, 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, 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 Oban, 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 Oban 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 property interests; ability of Oban to complete further exploration activities; 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, Oban 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 Oban nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Oban 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 & Chief Executive Officer
Telephone: (416) 363-8653

High Grade Zone Expanded on Western End of Deposit

(Toronto, March 18, 2016) Oban Mining Corporation (OBM:TSX, “Oban” 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 Barry Township, Québec. The 55,000 metre drill program combines definition drilling above the Red Dog intrusion (“Red Dog”) and expansion drilling above and below Red Dog.

Highlights from 4 new drill holes include: 11.39 g/t Au over 19.9 metres, including 20.32 g/t Au over 7.5 m in DDH OBM16-603, and 13.75 g/t Au over 5.0 metres in DDH OBM-16-606. The table below outlines significant results from the new drill holes⁽¹⁾⁽²⁾:

Notes:

(1) For complete drilling results please see www.obanmining.com.

(2) True widths are estimated at 65-80% of the reported core length interval. See “Quality Control” below.

(3) High grade values cut to 100 g/t Au.

Drill Hole Collar Coordinates and Information:

Drilling above Red Dog is focused on expanding the known zones and upgrading the level of confidence in the mineral resource. Drilling below Red Dog is focused on testing three major corridors of mineralization and alteration (FW-1, FW-3, FW-4) oriented ENE and dipping steeply to the SE, similar to the known lenses of the Main Zone defined above Red Dog. Some of the deeper holes are designed to test gold mineralization both above Red Dog and the corridors of mineralization and alteration below Red Dog.

OBM-16-601 (section 2600) targeted the Caribou zone at 175 metres below surface. The large alteration corridor associated with the Caribou zone was intersected from 177.8 to 238.0 metres. It corresponds to a moderately silicified and sericitized rhyolite with 1-2% pyrite and cross-cut by variably mineralized metric-scale porphyry dykes. The footwall portion of the Caribou lens assayed 5.43 g/t Au over 2.4 metres in a strongly sericitized sheared rhyolite carrying 2-5 percent pyrite.

OBM-16-603 and OBM-16-604 (section 2150) targeted Zone 27 in a poorly drilled area previously estimated to be of low grade. The intersected Zone 27 consists of 1-10% pyrite in stringers and disseminations with local visible gold. OBM-16-603 returned 11.39 g/t Au over 19.9 metres including 20.32 g/t over 7.5 metres and 141.5 g/t Au over 0.3 metres at the contact between a rhyolite and a porphyry dyke. OBM-16-604 was drilled 34 meters below OBM-16-603 and returned 4.29 g/t Au over 3.0 metres. Those two intercepts confirm the high grade extension of Zone 27 on this section for more than 140 m vertically where historical intersections returned 12.84 g/t Au over 3.0 metres and 8.87 g/t Au over 5.0 metres. Additional gold mineralization was present some 30 metres after Zone 27 in OBM-16-603 with 4.31 g/t Au over 2.5 metres in a bleached andesite with 3-5% pyrite in stringers and disseminations.

OBM-16-606 (section 2175) was drilled on Zone 27 and 34 metres to the east of OBM-16-603. It returned 13.75 g/t Au over 5.0 metres, including 76.85 g/t Au over 0.8 metres at the contact between a strongly silicified rhyolite and a porphyry dyke and containing up to 10% pyrite. This intersection is located some 50 metres above EAG-13-527 that returned 415.7 g/t Au over 7.8 metres.

Qualified Person

The scientific and technical content of this press release has been reviewed by Mr. Gernot Wober, P.Geo. Vice President Exploration for Oban Mining Corporation, Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control

True widths are estimated at 65-80% of the reported core length intervals. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum individual assays of 3.0 g/t Au and minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1 kilogram screen fire assay or standard 50 gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec or Sudbury, Ontario. The 1 kilogram 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 analysed 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 QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

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 (NI 43-101 compliant report dated November 13, 2014). 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 Oban Mining Corporation

Oban is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. In addition to its 100% interest in the Marban project recently acquired from NioGold Mining Corp. (located in the heart of Québecs prolific Abitibi gold mining district), Oban holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec, and also holds a 100% undivided interest in a large area of claims in the surrounding Urban-Barry area (82,400 hectares) of Québec. In addition, Oban holds properties in the Larder Lake Mining Division located in northeast Ontario, which includes the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. Oban also holds interests and options in a number of additional properties in northern Ontario. Oban is well financed with approximately $74 million in cash, cash equivalents and marketable securities.

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 pending drilling, 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, 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 Oban, 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 Oban 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 property interests; ability of Oban to complete further exploration activities; 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, Oban 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 Oban nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Oban 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 & Chief Executive Officer
Telephone: (416) 363-8653

(Toronto, March 16, 2016) Oban Mining Corporation (OBM:TSX) (“Oban” 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 Barry Township, Québec. The 55,000 metre drill program combines definition drilling above the Red Dog intrusion (“Red Dog”) and expansion drilling above and below Red Dog.

Highlights from 5 new drill holes include: 7.71 g/t Au over 6.9 metres in the extension of DDH EAG-11-269, 19.00 g/t Au over 3.0 metres in DDH OBM-16-583; 8.43 g/t Au over 4.6 metres including 230.0 g/t Au over 0.3 metres; 5.17 g/t Au over 2.2 metres in DDH OBM-16-593 and 12.85 g/t Au over 4.2 metres in DDH OBM-16-600. The table below outlines significant results from the new drill holes:

Notes:
	(1)	For complete drilling results please see www.obanmining.com.
	(2)	True widths are estimated at 65-80% of the reported core length interval. See “Quality Control” below.

Drill Hole Collar Coordinates and Information:

 

Drilling above Red Dog is focused on expanding the known zones and upgrading the level of confidence in the mineral resource. Drilling below Red Dog is focused on testing three major corridors of mineralization and alteration (FW-1, FW-3, FW-4) oriented ENE and dipping steeply to the SE, similar to the known lenses of the Main Zone defined above Red Dog. Some of the deeper holes are designed to test gold mineralization both above Red Dog and the corridors of mineralization and alteration below Red Dog.

EAG-12-269 (section 2575) was extended from 567.2 metres to 997.3 metres to test the FW3 and FW4 lenses below the Red Dog intrusion. The FW3 lens returned 7.71 g/t Au over 6.9 metres in a zone carrying up to 15 percent pyrite and visible gold in a strongly silicified andesite. This new intercept is located between 9.96 g/t Au over 5.8 metres in EAG-11-289 (39 metres down-plunge) and 7.96 g/t Au over 2.1 metres in EAG-13-511 (117 metres up-plunge) This higher grade sector remains open up-plunge where another historical drill hole is currently being extended.

OBM-16-583 (section 1700) targeted the southwest extension of the FW3 lens below the Red Dog intrusion. The FW3 lens was intersected from 689.0 metres to 705.0 metres in a strongly altered porphyry dyke with 2-5% pyrite but did not return any significant results. OBM-16-583 intersected a zone of quartz veining at the contact between a gabbro dyke and a rhyolite assaying 19.0 g/t Au over 3.0 meters.

OBM-16-593 (section 2850) targeted the eastern extension of the Main Zone in an area characterized by high grade crustiform quartz veins. The drill hole intersected two crustiform veins surrounded by silicified and pyritized rhyolite that assayed 5.17 g/t Au over 2.2 metres and 8.43 g/t Au over 4.6 metres, including 230.0 g/t Au over 0.3 metres respectively. The higher grade vein expands by 10 metres down-dip (from 21.43 g/t Au over 1.82 metres in NOT-07-146) a known vein that extends for 100 metres along strike and 50 metres vertically.

OBM-16-595 (section 2950) was targeting the ENE of the modelled Caribou corridor. This drill hole intersected shallow mineralization with 4.08 g/t Au over 2.5 metres in a weakly altered rhyolite containing 2-3% pyrite in stringers.

OBM-16-600 (section 2150) targeted Zone 27 at 120 metres below surface in a relatively untested sector where low-grade gold mineralization was interpreted. This drill hole intersected Zone 27 and returned 12.85 g/t Au over 4.2 metres, including 18.85 g/t Au over 1.1 metres and 23.50 g/t Au over 1.1 metres at the mineralized contact between a gabbro dyke and a rhyolite unit This was followed by 3.36 g/t Au over 3.5 metres in a strongly silicified porphyry dyke containing 5% pyrite in stringers.

Holes OBM-16-589, OBM-16-591, OBM-16-592, and OBM-16-594 were designed to test shallow mineralization in the ENE extension of the Main Zone. Several gold-bearing intervals associated with crustiform quartz veining, were intersected, including: 2.31 g/t Au and 31.17 g/t Ag over 0.9 metres in OBM-16-584, 8.68 g/t Au over 0.4 metres in OBM-16-591 and 9.0 g/t Au over 1.5 metres in OBM-16-594. Drill hole OBM-16-592 did not intersect any significant mineralization. Drill holes OBM-16-590, OBM-16-597, and OBM-16-599 were drilled in the western extension of the Main Zone. OBM-16-599 intersected the extension of Zone 27 with 2.11 g/t gold over 5.6 metres whereas the other two drill holes did not return any significant results. Drill hole OBM-16-596 was abandoned due to technical difficulties.

Qualified Person

The scientific and technical content of this press release has been reviewed by Mr. Gernot Wober, P.Geo. Vice President Exploration for Oban Mining Corporation, Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Quality Control

True widths are estimated at 65-80% of the reported core length intervals. Assays are uncut except where indicated. Intercepts occur within geological confines of major zones but have not been correlated to individual vein domains at this time. Reported intervals include minimum individual assays of 3.0 g/t Au and minimum weighted averages of 3.0 g/t Au diluted over core lengths of at least 2.0 metres. All NQ core assays reported were obtained by either 1 kilogram screen fire assay or standard 50 gram fire-assaying-AA finish or gravimetric finish at ALS Laboratories in Val dOr, Québec or Sudbury, Ontario. The 1 kilogram 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 analysed 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 QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes by the Corporation as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assay.

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 (NI 43-101 compliant report dated November 13, 2014). 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 Oban Mining Corporation

Oban is a mineral exploration company focused on the acquisition, exploration, and development of precious metal resource properties in Canada. In addition to its 100% interest in the Marban project recently acquired from NioGold Mining Corp. (located in the heart of Québecs prolific Abitibi gold mining district), Oban holds a 100% in the high-grade Windfall Lake gold deposit located between Val-dOr and Chibougamau in Québec, and also holds a 100% undivided interest in a large area of claims in the surrounding Urban Barry area (82,400 hectares) of Québec. In addition, Oban holds properties in the Larder Lake Mining Division located in northeast Ontario, which includes the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property. Oban also holds interests and options in a number of additional properties in northern Ontario. Oban is well financed with approximately $74 million in cash, cash equivalents and marketable securities.

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 pending drilling, 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, 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 Oban, 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 Oban 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 property interests; ability of Oban to complete further exploration activities; 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, Oban 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 Oban nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. Oban 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 & Chief Executive Officer
Telephone: (416) 363-8653