Osisko Metals Reports Additional Drill Results From Pine Point With Up to 10 Metres Grading 8.71% Zn + Pb

Osisko Metals Reports Additional Drill Results From Pine Point With Up to 10 Metres Grading 8.71% Zn + Pb

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce additional results from the 2023 drilling program at the Pine Point Mining Limited ("PPML") Joint Venture Project, located in the Northwest Territories, Canada. The reported results are from the J68 and K68 deposits in the C1 Area (C1) of the Central Zone.

Results from the K68 deposit indicate a new extension of tabular-style mineralization towards the east of the known deposit boundaries with localized increases in grade and thickness suggesting that there is exploration potential for new prismatic-style deposits in proximity to the C1 Area. Drilling at J68 defined the limits of that prismatic deposit.

These results are positive as the Company prepares for the Q1 2024 exploration program. Currently there are geophysical surveys underway evaluating target areas for prismatic-style mineralization that were outlined over the summer months by the Joint Venture Exploration Team.

Highlights of Drill Hole Assay Composites:

  • K68-23-PP-001: 10.00 metres grading, 7.20% Zn and 0.73% Pb (7.93 Zn+Pb)
  • K68-23-PP-009: 6.00 metres grading, 11.37% Zn and 0.54% Pb (11.91 Zn+Pb)
  • K68-23-PP-020: 8.00 metres grading, 9.44% Zn and 1.20% Pb (10.63 Zn+Pb)
  • K68-23-PP-030: 10.00 metres grading, 5.20% Zn and 3.50 %Pb (8.71 Zn+Pb)
  • K68-23-PP-064B: 7.00 metres grading, 9.97% Zn and 4.49% Pb (14.45 Zn+Pb)

Drilling was conducted as part of the PPML Joint Venture's larger 2023 definition drilling program designed to achieve an average drill spacing of approximately 30 metres within the currently modelled mineral resources reported in the 2022 PEA. This spacing is intended to upgrade the resources presently classified as Inferred to the Indicated category.

The Company would like to announce that as of September, Mr. Robin Adair has stepped down as Vice President of Exploration of Osisko Metals and has transitioned to Senior Technical Advisor for the PPML Joint Venture (holder of the Pine Point Project). The Company appreciates Mr. Adair's significant contribution over the years, and we will continue to collaborate and benefit from his knowledge in his new role with PPML.

Table 1: Drill Hole Assay Composites.

Hole Name
Zone
Deposit
From To Drill Width True Width Zn Pb Zn+Pb
(m) (m) (m) (m) % % %
J68-23-PP-002 C1 J68 60.00 61.00 1.00 1.00 2.65 0.26 2.91
J68-23-PP-006 C1 J68 24.00 27.00 3.00 3.00 3.13 0.90 4.03
and C1 J68 33.00 35.00 2.00 2.00 2.41 0.33 2.73
J68-23-PP-007 C1 J68 18.00 20.00 2.00 2.00 2.17 0.60 2.77
and C1 J68 42.50 44.00 1.50 1.50 3.00 0.11 3.11
K68-23-PP-001 C1 K68 56.00 66.00 10.00 9.99 7.20 0.73 7.93
K68-23-PP-002 C1 K68 59.00 62.00 3.00 2.99 1.39 1.33 2.71
and C1 K68 66.00 67.00 1.00 1.00 2.01 1.84 3.85
K68-23-PP-003 C1 K68 51.00 52.00 1.00 1.00 6.69 0.51 7.20
and C1 K68 61.00 65.00 4.00 4.00 3.01 0.20 3.20
K68-23-PP-004 C1 K68 62.00 63.00 1.00 1.00 5.06 1.79 6.86
and C1 K68 65.00 66.00 1.00 1.00 3.70 0.12 3.82
K68-23-PP-006 C1 K68 59.00 65.00 6.00 5.99 2.23 1.15 3.37
K68-23-PP-007 C1 K68 59.00 64.00 5.00 4.99 4.55 0.15 4.69
K68-23-PP-008 C1 K68 61.00 63.00 2.00 2.00 4.24 0.85 5.09
K68-23-PP-009 C1 K68 60.00 66.00 6.00 5.99 11.37 0.54 11.91
K68-23-PP-010 C1 K68 56.50 57.00 0.50 0.50 1.79 1.03 2.83
K68-23-PP-011 C1 K68 64.00 67.00 3.00 3.00 6.70 0.67 7.38
K68-23-PP-014 C1 K68 60.00 65.00 5.00 4.99 5.92 0.98 6.91
K68-23-PP-017 C1 K68 58.00 62.00 4.00 3.99 1.57 1.77 3.34
K68-23-PP-018 C1 K68 57.00 65.00 8.00 7.98 5.13 0.73 5.86
K68-23-PP-019 C1 K68 68.00 69.00 1.00 1.00 1.58 1.25 2.83
K68-23-PP-020 C1 K68 54.00 62.00 8.00 7.99 9.44 1.20 10.63
and C1 K68 64.00 67.00 3.00 3.00 5.46 1.35 6.81
K68-23-PP-021 C1 K68 58.00 59.00 1.00 1.00 2.07 0.09 2.16
and C1 K68 61.00 62.00 1.00 1.00 1.84 0.25 2.08
and C1 K68 65.00 67.00 2.00 2.00 7.77 0.34 8.11
K68-23-PP-022 C1 K68 60.00 65.00 5.00 4.99 4.88 0.22 5.10
K68-23-PP-024 C1 K68 62.00 63.00 1.00 1.00 1.83 0.43 2.26
K68-23-PP-025 C1 K68 56.00 57.00 1.00 1.00 2.04 0.18 2.22
and C1 K68 59.00 67.00 8.00 7.99 4.24 0.50 4.74
K68-23-PP-026 C1 K68 57.00 63.00 6.00 5.99 4.17 1.20 5.37
K68-23-PP-026 C1 K68 67.00 71.00 4.00 3.99 6.86 0.43 7.29
K68-23-PP-028 C1 K68 54.00 58.00 4.00 3.99 10.11 0.92 11.03
and C1 K68 60.00 62.00 2.00 2.00 2.01 0.17 2.19
K68-23-PP-029 C1 K68 65.00 66.00 1.00 1.00 2.66 0.08 2.74
K68-23-PP-030 C1 K68 50.00 60.00 10.00 9.99 5.20 3.50 8.71
and C1 K68 62.00 64.00 2.00 2.00 5.64 0.32 5.96
K68-23-PP-031 C1 K68 57.00 58.00 1.00 1.00 1.98 0.34 2.32
K68-23-PP-033 C1 K68 66.00 70.00 4.00 3.99 2.31 1.43 3.74
K68-23-PP-034 C1 K68 64.00 65.00 1.00 1.00 5.45 0.46 5.91
K68-23-PP-035 C1 K68 52.00 59.00 7.00 6.99 3.71 0.45 4.16
K68-23-PP-038 C1 K68 53.00 56.00 3.00 3.00 4.31 7.27 11.59
K68-23-PP-039 C1 K68 61.00 62.00 1.00 1.00 4.58 2.37 6.95
K68-23-PP-040 C1 K68 53.00 54.00 1.00 1.00 2.21 0.37 2.58
K68-23-PP-041 C1 K68 48.00 52.00 4.00 4.00 3.27 0.22 3.49
and C1 K68 56.00 61.00 5.00 5.00 3.84 0.71 4.55
K68-23-PP-042 C1 K68 56.00 57.00 1.00 1.00 1.93 0.53 2.46
and C1 K68 63.56 65.00 1.44 1.44 3.17 0.46 3.63
K68-23-PP-044B C1 K68 57.00 59.00 2.00 2.00 1.95 0.57 2.52
and C1 K68 61.00 62.00 1.00 1.00 2.10 0.02 2.12
K68-23-PP-045 C1 K68 59.00 60.00 1.00 1.00 1.94 0.33 2.27
K68-23-PP-046 C1 K68 59.00 61.00 2.00 1.99 4.13 0.06 4.19
and C1 K68 67.00 68.00 1.00 1.00 3.30 0.19 3.49
K68-23-PP-048 C1 K68 58.00 59.00 1.00 1.00 1.93 0.13 2.05
and C1 K68 63.00 65.00 2.00 2.00 3.33 0.04 3.37
K68-23-PP-049 C1 K68 59.00 60.00 1.00 1.00 1.94 0.64 2.58
K68-23-PP-050 C1 K68 51.00 54.00 3.00 3.00 1.55 0.41 1.96
K68-23-PP-052 C1 K68 59.00 60.00 1.00 1.00 7.10 0.69 7.79
K68-23-PP-053 C1 K68 59.00 60.00 1.00 1.00 2.22 0.03 2.25
K68-23-PP-054 C1 K68 57.15 60.00 2.85 2.85 4.99 0.30 5.29
and C1 K68 62.00 64.00 2.00 2.00 9.69 7.69 17.37
K68-23-PP-055 C1 K68 61.00 66.00 5.00 4.99 3.93 0.22 4.15
K68-23-PP-056 C1 K68 61.00 66.00 5.00 4.99 14.92 4.31 19.23
K68-23-PP-057 C1 K68 66.00 69.00 3.00 2.99 17.18 19.71 36.89
K68-23-PP-058 C1 K68 64.00 68.00 4.00 3.99 8.90 1.76 10.66
K68-23-PP-060 C1 K68 53.00 54.00 1.00 1.00 1.95 0.06 2.00
and C1 K68 56.00 61.00 5.00 5.00 2.69 0.61 3.30
K68-23-PP-061 C1 K68 63.00 64.00 1.00 1.00 3.02 1.50 4.52
K68-23-PP-062 C1 K68 62.00 63.00 1.00 1.00 3.68 1.08 4.75
K68-23-PP-063 C1 K68 59.00 67.00 8.00 7.98 4.31 0.37 4.68
K68-23-PP-063B C1 K68 60.00 68.00 8.00 7.99 3.53 0.52 4.06
K68-23-PP-064 C1 K68 57.00 58.00 1.00 1.00 3.19 0.06 3.25
and C1 K68 63.00 68.00 5.00 4.99 10.84 1.43 12.27
K68-23-PP-064B C1 K68 63.00 70.00 7.00 6.99 9.97 4.49 14.45
K68-23-PP-065 C1 K68 54.00 65.00 11.00 10.99 4.96 0.71 5.67
K68-23-PP-066 C1 K68 61.00 65.00 4.00 3.99 6.13 0.22 6.36
K68-23-PP-068 C1 K68 62.00 67.00 5.00 4.99 5.53 1.43 6.97
K68-23-PP-069 C1 K68 59.00 66.00 7.00 6.99 5.36 0.48 5.85
and C1 K68 68.00 70.00 2.00 2.00 3.53 0.35 3.88
K68-23-PP-070 C1 K68 56.00 59.00 3.00 2.99 3.92 0.09 4.01
and C1 K68 62.00 64.00 2.00 2.00 3.97 0.33 4.31
K68-23-PP-071 C1 K68 64.00 65.00 1.00 1.00 1.78 0.23 2.01
K68-23-PP-072 C1 K68 59.00 62.00 3.00 3.00 5.41 1.74 7.15
K68-23-PP-073 C1 K68 56.00 61.00 5.00 5.00 5.84 2.06 7.90


Drill holes not reported in this table with a collar location tabulated in Table 2 contained no significant assay results.

Qualified Person

Mr. Robin Adair is the Qualified Person and the Senior Technical Advisor for Pine Point Mining Limited. He is responsible for the technical data reported in this news release and is a Professional Geologist registered in the Northwest Territories.

Quality Assurance / Quality Control

Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation, and analyses. Drill core samples from the Pine Point project area are securely transported to its core facility on-site, where they are logged and sampled. Samples selected for assay are shipped to ALS Canada Ltd.'s preparation facility in Yellowknife. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for a multi-element suite with a 1% upper detection limit for base metals. Samples reporting over 1% for Zn and 1% for Pb are analyzed by assay grade, four acid digestion, and ICP-AES analysis with an upper detection limit of 30% and 20%, respectively. Samples with Zn >30% and or Pb >20% are analyzed by traditional titration.

Table 2: Drill Hole Collar Locations (NAD83 (CSRS) Zone 11).

Hole Name Zone Deposit Easting Northing Elev (m) Azimuth Dip Length (m)
J68-23-PP-001 C1 J68 627313 6744288 211 0 -90 29
J68-23-PP-001B C1 J68 627313 6744288 211 0 -90 62
J68-23-PP-002 C1 J68 627262 6744258 211 0 -90 65
J68-23-PP-003 C1 J68 627291 6744250 211 0 -90 65
J68-23-PP-004 C1 J68 627263 6744212 211 0 -90 68
J68-23-PP-005 C1 J68 627234 6744217 211 0 -90 65
J68-23-PP-006 C1 J68 627185 6744088 210 0 -90 77
J68-23-PP-007 C1 J68 627222 6744042 211 0 -90 53
K68-23-PP-001 C1 K68 628073 6743959 213 0 -90 68
K68-23-PP-002 C1 K68 628046 6743975 213 0 -90 68
K68-23-PP-003 C1 K68 628045 6743941 213 0 -90 72
K68-23-PP-004 C1 K68 628037 6743911 213 0 -90 71
K68-23-PP-005 C1 K68 628012 6743894 213 0 -90 71
K68-23-PP-006 C1 K68 628014 6743931 213 0 -90 68
K68-23-PP-007 C1 K68 628010 6743960 213 0 -90 68
K68-23-PP-008 C1 K68 627996 6743988 213 0 -90 68
K68-23-PP-009 C1 K68 627967 6743973 213 0 -90 68
K68-23-PP-010 C1 K68 627981 6743944 213 0 -90 71
K68-23-PP-011 C1 K68 627983 6743912 213 0 -90 71
K68-23-PP-012 C1 K68 627982 6743884 213 0 -90 71
K68-23-PP-013 C1 K68 627951 6743900 213 0 -90 71
K68-23-PP-014 C1 K68 627951 6743930 213 0 -90 68
K68-23-PP-015 C1 K68 627935 6743989 213 0 -90 65
K68-23-PP-016 C1 K68 627902 6743979 212 0 -90 65
K68-23-PP-017 C1 K68 627909 6743949 213 0 -90 68
K68-23-PP-018 C1 K68 627919 6743921 213 0 -90 68
K68-23-PP-019 C1 K68 627923 6743892 213 0 -90 74
K68-23-PP-020 C1 K68 627889 6743910 213 0 -90 71
K68-23-PP-021 C1 K68 627861 6743898 213 0 -90 74
K68-23-PP-022 C1 K68 627849 6743924 213 0 -90 71
K68-23-PP-023 C1 K68 627872 6743970 213 0 -90 65
K68-23-PP-024 C1 K68 627847 6743953 213 0 -90 68
K68-23-PP-025 C1 K68 627803 6743866 213 0 -90 74
K68-23-PP-026 C1 K68 627797 6743895 213 0 -90 71
K68-23-PP-027 C1 K68 627789 6743924 212 0 -90 68
K68-23-PP-028 C1 K68 627769 6743943 212 0 -90 62
K68-23-PP-029 C1 K68 627761 6743909 212 0 -90 68
K68-23-PP-030 C1 K68 627737 6743894 212 0 -90 65
K68-23-PP-031 C1 K68 627772 6743852 213 0 -90 71
K68-23-PP-032 C1 K68 627745 6743834 213 0 -90 68
K68-23-PP-033 C1 K68 627741 6743866 212 0 -90 74
K68-23-PP-034 C1 K68 627709 6743882 212 0 -90 65
K68-23-PP-035 C1 K68 627709 6743915 212 0 -90 59
K68-23-PP-036 C1 K68 627735 6743957 212 0 -90 56
K68-23-PP-037 C1 K68 627716 6743945 212 0 -90 59
K68-23-PP-038 C1 K68 627678 6743969 212 0 -90 59
K68-23-PP-039 C1 K68 627679 6743935 212 0 -90 62
K68-23-PP-040 C1 K68 627650 6743919 212 0 -90 63
K68-23-PP-041 C1 K68 627658 6743888 212 0 -90 63
K68-23-PP-042 C1 K68 627686 6743871 212 0 -90 65
K68-23-PP-043 C1 K68 627689 6743832 212 0 -90 72
K68-23-PP-044B C1 K68 627662 6743855 212 0 -90 80
K68-23-PP-045 C1 K68 627636 6743837 212 0 -90 66
K68-23-PP-046 C1 K68 627609 6743816 212 0 -90 72
K68-23-PP-047 C1 K68 627609 6743854 212 0 -90 69
K68-23-PP-048 C1 K68 627623 6743901 212 0 -90 68
K68-23-PP-049 C1 K68 627628 6743945 212 0 -90 65
K68-23-PP-050 C1 K68 627631 6743978 212 0 -90 62
K68-23-PP-051 C1 K68 627593 6744001 211 0 -90 68
K68-23-PP-052 C1 K68 627601 6743969 211 0 -90 65
K68-23-PP-053 C1 K68 627587 6743948 211 0 -90 65
K68-23-PP-054 C1 K68 627545 6743966 211 0 -90 65
K68-23-PP-055 C1 K68 627552 6743921 211 0 -90 70
K68-23-PP-056 C1 K68 627580 6743910 211 0 -90 71
K68-23-PP-057 C1 K68 627577 6743883 211 0 -90 74
K68-23-PP-058 C1 K68 627593 6743879 211 0 -90 71
K68-23-PP-059 C1 K68 627560 6743859 211 0 -90 68
K68-23-PP-060 C1 K68 627553 6743828 212 0 -90 65
K68-23-PP-061 C1 K68 627575 6743807 212 0 -90 66
K68-23-PP-062 C1 K68 627896 6743878 213 0 -90 68
K68-23-PP-063 C1 K68 628099 6743937 213 0 -90 68
K68-23-PP-063B C1 K68 628099 6743937 213 0 -90 92
K68-23-PP-064 C1 K68 628101 6743973 213 0 -90 68
K68-23-PP-064B C1 K68 628101 6743973 213 0 -90 92
K68-23-PP-065 C1 K68 627832 6743880 213 0 -90 80
K68-23-PP-066 C1 K68 628071 6743922 213 0 -90 92
K68-23-PP-067 C1 K68 628125 6743927 215 0 -90 95
K68-23-PP-068 C1 K68 628127 6743957 213 0 -90 95
K68-23-PP-069 C1 K68 628132 6743982 213 0 -90 80
K68-23-PP-070 C1 K68 628110 6743998 213 0 -90 80
K68-23-PP-071 C1 K68 628073 6743990 213 0 -90 74
K68-23-PP-072 C1 K68 628028 6744001 213 0 -90 77
K68-23-PP-073 C1 K68 627995 6744019 213 0 -90 77


About Osisko Metals

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals space, more specifically copper and zinc. The Company is a joint venture partner with Appian Capital Advisory LLP for the advancement of one of Canada's premier past-producing zinc mining camps, the Pine Point Project, located in the Northwest Territories, for which the 2022 PEA (as defined herein) has indicated an after-tax NPV of C$602 million and an IRR of 25%, based on long-term zinc price of US$1.37/lb and the current mineral resource estimates that are amenable to open pit and shallow underground mining. The current mineral resource estimate in the 2022 PEA consists of 15.7Mt grading 5.55% ZnEq of Indicated Mineral Resources and 47.2Mt grading 5.94% ZnEq of Inferred Mineral Resources . Please refer to the technical report entitled "Preliminary Economic Assessment, Pine Point Project, Hay River, Northwest Territories, Canada" dated August 26, 2022 (with an effective date of July 30, 2022), which was prepared for Osisko Metals and PPML by representatives of BBA Engineering Inc., HydroRessources Inc., PLR Resources Inc. and WSP Canada Inc. (the " 2022 PEA "). Please refer to the full text of the 2022 PEA, a copy of which is available on SEDAR ( www.sedar.com ) under the Osisko Metals' issuer profile, for the assumptions, methodologies, qualifications and limitations described therein. The Pine Point Project is located on the south shore of Great Slave Lake in the Northwest Territories, near infrastructure, with paved highway access, an electrical substation, as well as 100 kilometres of viable haulage roads.

In addition, the Company also acquired in July 2023, from Glencore Canada Corporation, a 100% interest in the past-producing Gaspé Copper Mine, located near Murdochville in the Gaspé peninsula of Québec. The Company is currently focused on resource evaluation of the Mount Copper Expansion Project that hosts an Inferred Mineral Resource (in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ) of 456Mt grading 0.31% Cu (see April 28, 2022 news release of Osisko Metals entitled "Osisko Metals Announces Maiden Resource at Gaspé Copper – Inferred Resource of 456Mt Grading 0.31% Copper" ). Gaspé Copper hosts the largest undeveloped copper resource in Eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

About Appian

Appian Capital Advisory LLP is a London-headquartered investment advisor to long-term value-focused private capital funds that invest solely in mining and mining-related companies.

Appian is a leading investment advisor in the metals and mining industry, with global experience across South America, North America, Europe, Australia and Africa and a successful track record of supporting companies to achieve their development targets, with a global operating portfolio overseeing nearly 6,300 employees. Appian has a global team of 65 experienced professionals with presences in London, Toronto, Vancouver, Montreal, New York, Lima, Belo Horizonte, Perth, Mexico City and Dubai. The Appian team, through its private capital funds, has a long history of successfully bringing mines through development and into production, having completed 9 mine builds in the last 6 years.

For more information, please visit www.appiancapitaladvisory.com , or find us on LinkedIn, Instagram and Twitter.

For further information on this news release, visit www.osiskometals.com or contact:

Robert Wares, Chairman & CEO of Osisko Metals Incorporated

Email: info@osiskometals.com
www.osiskometals.com

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and constitute forward-looking information. This news release may contain forward-looking information pertaining to the closing of the Gaspe Copper Project Definitive Agreement or the Pine Point Project. For Pine Point, statements including, among other things, the results of the 2022 PEA and the IRR, NPV and estimated costs, production, production rate and mine life; the expectation that the Project will be a robust operation and profitable at a variety of prices and assumptions; the ability to identify additional resources and reserves (if any) and exploit such resources and reserves on an economic basis; the expected high quality of the Pine Point concentrates; the potential impact of the Pine Point Project in the Northwest Territories, including but not limited to the potential generation of tax revenue and contribution of jobs; the Pine Point Project having the potential for mineral resource expansion and new discoveries; the timing and ability for the Pine Point Project to reach construction decision (if at all(; the estimated costs to take the Pine Point Project to construction decision (if at all); the ability of the Company to realize the anticipated benefits of the Transaction; and the impact to the Company of the disposition of ownership interest and control in the Pine Point Project, which is a material property of the Company. There can be no certainty on the timing, costs and ability for the joint venture parties to take the Pine Point Project to reach a construction decision or pursue planned exploration and development as presently contemplated.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: favourable equity and debt capital markets; the ability and timing for the parties to fund cash calls to advance the development of the Pine Point Project and pursue planned exploration and development; future prices of zinc and lead; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; operating conditions being favourable; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of equipment; the economic viability of the Pine Point Project; and positive relations with local groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR (www.sedar.com) under Osisko Metals' issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/838aa1fb-6f85-4f67-bf91-a698b0eaad1d


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OSISKO METALS EXPANDS LEADERSHIP TEAM AND ANNOUNCES C$100 MILLION BOUGHT DEAL FINANCING

OSISKO METALS EXPANDS LEADERSHIP TEAM AND ANNOUNCES C$100 MILLION BOUGHT DEAL FINANCING

Osisko Metals Incorporated (the " Company or " Osisko Metals ") (TSXV: OM) (OTCQX: OMZNF) ( FRANKFURT : 0B51) is pleased to announce the expansion of its leadership team along with a C$100 million bought deal financing (the " Transaction ") as the Company accelerates its strategy of creating a leading critical metals company in North America .

John Burzynski will be appointed to the board of directors of the Company (the " Board ") as Executive Chairman and will lead the Company along with Robert Wares , who will continue as Chief Executive Officer and a Director on the Board. Don Njegovan and Blair Zaritsky will be appointed as President and Chief Financial Officer of the Company, respectively. Additionally, Luc Lessard , a director of the Company since 2019, will step down from the Board and Anthony Glavac will step down as Chief Financial Officer. Mr. Lessard will remain as technical advisor to the Board.

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Canadian Investment Regulatory Organization Trade Resumption - OM

Canadian Investment Regulatory Organization Trade Resumption - OM

Trading resumes in:

Company: Osisko Metals Incorporated

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Osisko Metals Announces Significant Increase in Mineral Resources at Gaspé Copper

Osisko Metals Announces Significant Increase in Mineral Resources at Gaspé Copper

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce an updated Mineral Resource Estimate (" MRE ") for the Gaspé Copper Project, located near Murdochville in the Gaspé Peninsula of Quebec.

The updated MRE (Table 1) includes pit-constrained resources comprising 824 million tonnes grading 0.34% CuEq of Indicated category and 670 million tonnes grading 0.38% CuEq of Inferred category. This MRE represents a 53% increase in copper-equivalent metal content over the previously reported Indicated Resource and a 100-fold increase in copper-equivalent metal content in Inferred Resources (see May 6, 2024 news release and entitled "   2024 Copper Mountain Mineral Resource Estimate   " ).

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Osisko Metals Provides Update on the Pine Point Project and Feasibility Study

Osisko Metals Provides Update on the Pine Point Project and Feasibility Study

Osisko Metals Incorporated (the "Company" or "Osisko Metals") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) is pleased to announce that the Pine Point Mining Limited ("PPML") Feasibility Study ("FS") is now fully underway, with an expected completion date in Q2 2025.

Since early 2023, PPML has engaged with its key technical and strategic advisors to optimize the 2022 Preliminary Economic Assessment Update (‘'PEA''). The objective was to complete Definition Studies to compare key concepts, otherwise known as trade-off studies, typically performed during the Pre-Feasibility study stage.

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Exploration Licence Granted at Beaconsfield in NE Tasmania

Exploration Licence Granted at Beaconsfield in NE Tasmania

Flynn Gold (FG1:AU) has announced Exploration Licence Granted at Beaconsfield in NE Tasmania

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Awalé Commences 4000-Metre Diamond Drilling Program at the BBM and Charger Zones, Odienné JV Project

Awalé Commences 4000-Metre Diamond Drilling Program at the BBM and Charger Zones, Odienné JV Project

HIGHLIGHTS

  • Awalé has commenced a 4000m diamond drill program at the BBM and Charger Zones.

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FPX Nickel Announces Approval of Normal Course Issuer Bid

FPX Nickel Announces Approval of Normal Course Issuer Bid

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce that it has received approval from the TSX Venture Exchange (the " Exchange ") to proceed with its Normal Course Issuer Bid (the " NCIB ") previously announced on December 2, 2024 .

FPX Nickel logo (CNW Group/FPX Nickel Corp.)

Under the NCIB, the Company may acquire up to 5,000,000 common shares (" Common Shares "), representing approximately 2% of the current public float of the Common Shares, over the 12-month period commencing December 5, 2024 , and ending on December 5, 2025 .

Purchases of Common Shares will be carried out in the open market through the facilities of the Exchange, in compliance with regulatory requirements at the prevailing market price of the Common Shares at the time of acquisition. The actual number of Common Shares that may be purchased for cancellation and the timing of any such purchases will be determined by the Company and dependent on market conditions. The NCIB will be conducted through Cormark Securities Inc. and made in accordance with the policies of the Exchange.

The funding for any purchases pursuant to the NCIB will be from the available funds of the Company. To the Company's knowledge, none of the directors, senior officers, or other insiders of the Company, has any present intention to sell any Common Shares during the course of the NCIB. During the past 12 months, no Common Shares were purchased by the Company.

The Company is commencing the NCIB because it believes that the market price of its Common Shares is undervalued and does not reflect the value of the Company's assets and future prospects and that the purchase of Common Shares under the NCIB is in the best interest of the Company, a desirable use of its available cash, and will enhance shareholder value in general.

About FPX Nickel Corp.

FPX Nickel Corp.  is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.  For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director
Email: ceo@fpxnickel.com
Phone: 604-681-8600

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Certain information contained in this press release may constitute forward-looking information under applicable securities laws, including statements related to the Company's NCIB, including the dates and duration of the NCIB and the purchases of Common Shares made thereunder, the continued advancement of Baptiste, and driving additional value to shareholders, advancing global exploration joint venture and other statements that are not historical facts. Often but not always, forward-looking statements can be identified by the use of forward-looking terminology such as "may", "will", "expect", "believe", "estimate", "plan", "could", "should", "would", "outlook", "forecast", "anticipate", "foresee", "continue" or the negative of these terms or variations of them or similar terminology. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release.

Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the "Risk Factors" section of the Company's annual information form dated April 26, 2024 for the year ended December 31, 2023 (the "AIF"). A copy of the AIF and the Company's other publicly filed documents which can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca .  In addition, there can be no assurance that the Company will repurchase all or any of the Common Shares referred to in this press release under the NCIB. In particular, the purchase by the Company of Common Shares pursuant to the NCIB will depend, among others, on the prevailing market price from time to time of the Common Shares.  There can also be no certainty that purchases of Common shares under the NCIB will achieve the desired objectives.  In addition, the Company's expectations with respect to Baptiste may be different than anticipated.

The Company cautions that the list of risk factors and uncertainties described in the AIF and the Company's other publicly filed documents is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. The forward-looking information contained in this press release represents our expectations as of the date of this press release (or as the date they are otherwise stated to be made), and are subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/03/c9104.html

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Osisko Metals: Leading the Charge in Base Metal Investments

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