Osisko Metals Participates in a $250,000 Donation to UNB for the Creation of the Osisko Field Education Fund

MONTREAL, Oct. 10, 2018 - Osisko Metals Inc. (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: 0B51) is pleased to announce that it has joined forces with Osisko Gold Royalties Ltd. and Osisko Mining Inc. to create the Osisko Field Education Fund for the Earth Sciences Department at the University of New Brunswick (“UNB”), and together have donated $250,000 to the It Begins Here campaign, the largest fundraising effort ever undertaken by UNB.

Together alongside alumni, students, faculty, staff and corporate and community members, UNB surpassed its $110 million goal by raising $125 million dollars. The momentous fundraising campaign was dedicated to ensuring that students have the financial support they need to obtain a quality university education. This is a transformational event for the university.

The Osisko Field Education Fund is an effort that will yield a direct benefit to students within the Earth Sciences program, helping to reduce the cost of UNB’s stratigraphy and geological mapping field school courses. The courses will therefore become more accessible while supporting the university’s high standard of excellence in Earth Sciences.

Jeff Hussey, President & CEO of Osisko Metals comments, “We are extremely happy to be part of this effort that will ensure that tomorrow’s students reap the same rewards from a UNB education that I have enjoyed as a UNB graduate.”

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/33d9c5b6-8dfb-41a8-879c-a2d02f2ac9e8

The Company would like to address an arithmetical error within its press release dated October 9, 2018. Hole EM-18-PP-152 should have read, “intersected 4.22% Zinc and 2.56% Lead (6.78% Zinc + Lead) over 8.20 metres”.

About Osisko Metals

Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. The Company controls Canada’s two premier historical zinc mining camps, namely the Pine Point Mining Camp (“PPMC”) located in the Northwest Territories (22,000 ha) and the Bathurst Mining Camp (“BMC”), located in northern New Brunswick (63,000 ha). The Company is currently drilling in both camps for a combined total 100,000 metre drill program. The focus of these programs is to upgrade historical resources to NI43-101 standards and also to pursue exploration around historical deposits. Brownfield exploration includes innovative 3D compilation techniques, updated geological interpretation, and modern geophysics. In Québec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration. In parallel, Osisko Metals is monitoring several base metal-oriented peers for opportunities.

Cautionary Note Regarding Forward-Looking Information

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. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; objectives, goals or future plans; statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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