This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as “expects” or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “potential”, “feasibility”, “believes” or “intends”, or variations of such words and phrases, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: statements with respect to the terms, timing and outcome of the Private Placement, including the expected closing date; that the Corporation will use the proceeds from the Private Placement to fund exploration and development of the Properties and general working capital; the timing of the satisfaction of the Release Conditions; the anticipated listing of the Common Shares and Warrants on the TSX Venture Exchange; the pre-closing steps to be completed by Osisko Metals, including the transfer of the Properties and the subscription for Units; Osisko Metals’ retention of an interest in the Corporation; receipt of the required regulatory approvals in connection with the Private Placement; the anticipated benefits of the Private Placement; anticipated strategic and growth opportunities; and the future plans and objectives of the Corporation.