Osisko Mining Raises approximately C$100 million Through A Bought Deal With Four Leading Canadian Banks

Osisko Mining Inc. completed of its private placement of an aggregate of 32,260,000 units of the Corporation at a price of C$3.10 per Unit for aggregate gross proceeds of approximately C$100 million.

The placement is with BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Eight Capital, and Haywood Securities Inc.
The net proceeds received from the Offering will be used to advance the Corporation's Windfall Project as well as for working capital and general corporate purposes.
The Windfall property is 100% owned by Osisko Mining Inc. and consists of 286 individual claims covering an aggregate area of 12,523 hectares. The Windfall project, located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec, Canada is 700 kilometres north-northwest of Montréal, 200 kilometres northeast of Val-d’Or and 115 kilometres east of Lebel-sur-Quévillon. The Windfall project falls within the traditional territory of the Cree First Nation of Waswanipi.

A bought deal is a securities offering in which an investment bank commits to buy the entire offering from the client company.

Each Unit consists of one common share of the Corporation and one-half of one common share purchase warrant of the Corporation (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of the Corporation for 18 months from the closing of the Offering at a price of C$4.00, subject to adjustment in certain circumstances.

The Offering was led by Canaccord Genuity Corp., on behalf of a syndicate of underwriters that included BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Eight Capital, and Haywood Securities Inc.

All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date hereof. The Offering is subject to final acceptance of the Toronto Stock Exchange.

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% 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 of claims in the surrounding Urban Barry area and nearby Quévillon area (over 2,400 square kilometres).

For further information please contact:

John Burzynski
Chief Executive Officer
 info@osiskomining.com  (416) 363-8653

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