Osisko Shareholders Overwhelmingly Approve Orion Transaction

Osisko Gold Royalties Ltd.

MONTRÉAL, QUÉBEC--(Marketwired - July 31, 2017) - Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (TSX:OR)(NYSE:OR) is pleased to announce that its shareholders have overwhelmingly approved at 99.6% the issuance of shares required to complete the acquisition of the Orion portfolio consisting of 74 royalties, streams, and precious metal offtakes at the Special Meeting of Shareholders held today in Montréal. Approximately 76.8% of the shares outstanding at the record date of June 19, 2017, were represented in person or by proxy at the meeting.