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Early Warning Release

MONTRÉAL, QUÉBEC–(Marketwired – March 1, 2017) – Osisko Gold Royalties Ltd (TSX:OR)(NYSE:OR) (“Osisko”) announces today that, pursuant to the terms of a private share purchase and sale agreement completed on February 28, 2017, Osisko has acquired direct ownership of an aggregate 5,450,000 common shares at a price of $3.25 per share (the “Shares”) of Osisko Mining Inc. (TSX:OSK) (the “Transaction”).