Osisko Completes Acquisition of Orion Royalty Portfolio

Osisko Gold Royalties Ltd.

MONTRÉAL, QUÉBEC--(Marketwired - July 31, 2017) - Osisko Gold Royalties Ltd (TSX:OR)(NYSE:OR) ("Osisko" or "Corporation") is pleased to announce the successful completion of the previously announced acquisition ("Acquisition") of a high-quality precious metals portfolio of assets consisting of 74 royalties, streams and precious metal offtakes ("Orion Portfolio") from Orion Mine Finance Group in exchange for $675 million cash and the issuance of 30,906,594 shares of the Corporation.