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 creation of OCMC; that John Burzynski will lead OCMC as Chief Executive Officer; that OCMC will unlock the value of the Properties; that there is good potential for defining a significant copper mineralized porphyry-skarn system on OCMC’s assets; that there could be significant untested potential on the Properties which could lead to the discovery of a significant new copper deposit in New Brunswick; plans for an aggressive exploration program for OCMC and the timing thereof; the potential funding of OCMC; Osisko Metals’ retention of an interest in OCMC; receipt of the required regulatory approvals in connection with the transaction; the anticipated benefits of the transaction; the assets to be transferred to OCMC; anticipated strategic and growth opportunities; disclosure of additional details of the transaction; and the future plans and objectives of the Company and OCMC.