Osisko files PEA update for Windfall Project

Osisko Mining Inc. has announced the filing of an independent Preliminary Economic Assessment technical report which has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, on its 100% owned Windfall gold project, located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.

The technical report, entitled "Preliminary Economic Assessment Update for the Windfall Project" (the "Windfall PEA") and dated April 23, 2021 (effective date of April 6, 2021), has been prepared for Osisko by BBA Inc. with the assistance of a number of specialized consultants, including Andrieux & Associates Geomechanics Consulting LP, Entech Mining Ltd., GCM Consultants, Golder Associates Ltd., and WSP Canada Inc. The Windfall PEA is available on SEDAR (www.sedar.com) under Osisko's issuer profile.

Osisko's news release dated April 7, 2021 (entitled "Osisko Mining Delivers Positive PEA Update for Windfall") summarized certain key results, assumptions and estimates contained in the Windfall PEA. The Corporation is pleased to report that there are no material differences between the key results, assumptions and estimates contained in the Windfall PEA and Osisko's news release dated April 7, 2021.

About Osisko Mining Inc.
Osisko is a mineral exploration company focused on the acquisition, exploration, and development of gold resource properties in Canada. Osisko holds a 100% interest in the high-grade Windfall gold deposit located between Val-d'Or and Chibougamau in Québec and holds a 100% undivided interest in a large area ofclaims in the surrounding Urban Barry area and nearby Quévillon area (over 2,700 square kilometres).

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