Early Warning News Release

Osisko Gold Royalties Ltd.

MONTRÉAL, QUÉBEC--(Marketwired - Sept. 11, 2017) - Osisko Gold Royalties Ltd (TSX:OR)(NYSE:OR) ("Osisko") announces that it has subscribed for and received from Strongbow Exploration Inc. (TSX VENTURE:SBW) ("Strongbow") 9,500,000 common shares at a price of $0.14 per share (the "Shares"), in connection with the closing by Strongbow of a private placement transaction (the "Private Placement").