Independent Proxy Advisory Firms Glass Lewis and ISS Recommend That Osisko Shareholders Vote for the Proposed Acquisition of the Orion Mine Finance Royalty Portfolio

Osisko Gold Royalties Ltd.

MONTRÉAL, QUÉBEC--(Marketwired - July 18, 2017) - Osisko Gold Royalties Ltd (TSX:OR)(NYSE:OR) ("Osisko" or the "Company") is pleased to announce that Glass Lewis and Co. ("Glass Lewis") and Institutional Shareholder Services Inc. ("ISS"), two leading independent proxy advisory firms that provide voting recommendations to institutional investors, have recommended that shareholders of Osisko vote IN FAVOUR of the proposed acquisition of the Orion Mine Finance royalty portfolio dated June 5, 2017 ("Transaction").