Early Warning News Release

Osisko Gold Royalties Ltd.

MONTRÉAL, QUÉBEC--(Marketwired - Feb. 6, 2018) - Osisko Gold Royalties Ltd (TSX:OR) (NYSE:OR) ("Osisko") announces that it has subscribed for and received from Algold Resources Ltd. ("Algold") 14,285,714 units of Algold at a price of $0.14 per unit (the "Units") by way of a private placement of Algold, for an aggregate subscription price of $1,999,999.96 (the "Private Placement"').