Osisko Gold Royalties Announces Royalty Transaction With Marimaca Copper

MONTREAL - Osisko Gold Royalties Ltd has acquired a 1.0% net smelter return (NSR) royalty covering the currently known mineralization and prospective exploration areas that constitute the Marimaca copper project located in Antofagasta, Chile.

The Marimaca copper project is an oxide, open-pit, heap-leach copper project located in Antofagasta, Chile. The asset is 100%-owned by Marimaca and hosts a NI 43-101 compliant resource of 70.4Mt grading 0.60% CuT (total copper), 0.39% CuS (soluble copper) for 420kt CuT (276kt CuS) in the Measured and Indicated resource categories plus 43Mt grading 0.52% CuT (0.31% CuS) for 225kt CuT (132kt CuS) in the Inferred resource category. Marimaca remains on track for a resource update on the project in late September or early October and the company anticipates the start of a definitive feasibility study on the project later this year.