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To: Goose94 who wrote (10236)	1/5/2015 7:50:04 PM
From: Goose94	Read Replies (1) \| Respond to of 202668

OR-T new 52 week high, $17.02

To: Goose94 who wrote (10236)

1/12/2015 7:06:13 PM

From: Goose94

Read Replies (1) | Respond to of 202668

Osisko Gold Royalties (OR-T) and Virginia Mines Inc. (VGQ-T) Jan 12, '15 are pleased to announce that all resolutions in connection with their proposed business combination pursuant to a plan of arrangement were overwhelmingly approved today at the special meetings of their respective shareholders (the “Virginia Meeting” and the “Osisko Meeting”).

At the Virginia Meeting, the special resolution authorizing the Arrangement was approved by 99.36% of the shareholders of Virginia present in person or represented by proxy at the Virginia Meeting, which were representing 77.60% of all issued and outstanding shares of Virginia.

At the Osisko Meeting, the ordinary resolution authorizing the maximum number of common shares of Osisko issuable in connection with the Arrangement was approved by 99.91% of the shareholders of Osisko present in person or represented by proxy at the Osisko Meeting, which were representing 80.00% of all issued and outstanding shares of Osisko.

Sean Roosen, Chairman and Chief Executive Officer of Osisko, noted: “We are very pleased with the outstanding level of support we have received for this transaction and we look forward to continuing our efforts to deliver value for our shareholders.”

André Gaumond, President and Chief Executive Officer of Virginia, commenting on the results from the meeting: “We would like to thank our shareholders for their valued support over the past years. We are very excited to join the Osisko team as we enter into our next chapter of value creation for all of our stakeholders.”

Under the Arrangement, shareholders of Virginia (other than Osisko) will receive 0.92 of an Osisko share for each common share of Virginia held immediately prior to the effective time of the arrangement.

Completion of the Arrangement remains subject to, among other things, satisfaction of all conditions precedent and the final approval of the Superior Court of Québec. The hearing for the final court order to approve the Arrangement is scheduled to take place on January 15, 2015 at the Québec City Courthouse or as soon thereafter as counsel for Virginia may be heard. Assuming that all approvals are obtained and all conditions precedent are satisfied or waived, Osisko and Virginia currently anticipate the closing of the Arrangement to occur around mid-February 2015.

Further details regarding the Arrangement are set out in the joint management information circular of Osisko and Virginia dated December 5, 2014 (the “Joint Circular”) which is available on Osisko's website at www.osiskogr.com, on Virginia's website at www.minesvirginia.com/en and under the issuer profile of both companies on SEDAR at www.sedar.com.

About Osisko Gold Royalties Ltd

Osisko is a gold-focused royalty and mining company whose cornerstone asset is a 5% Net Smelter Royalty ("NSR") royalty on the world-class Canadian Malartic gold mine, located in Malartic, Québec. The Company also holds a 2% NSR royalty on the Upper Beaver, Kirkland Lake and Hammond Reef gold exploration projects in Northern Ontario. Osisko also owns approximately 9.9% of Virginia Mines Inc. The Corporation has over $170 million in cash resources, no debt and a portfolio of investments in emerging exploration companies.

About Virginia Mines Inc.

Virginia conducts its exploration activities over the vast, unexplored territories of Northern Québec in order to create value for its shareholders while protecting the quality of life for both present and future generations. With approximately $65 million in cash and short term investments, and a large area of mining claims in Québec North, Virginia is among the most active mining exploration companies in Québec. Strengthened by the discovery of the Éléonore project and more than 20 years expertise on the territory, Virginia's exploration team is recognized as one of the best in Canada. Virginia also holds a 2.2% to 3.5% royalty in the Éléonore property.

For information please contact:
André Gaumond, President, or Amélie Laliberté, Investor Relations

Virginia Mines Inc.
200-300 St. Paul Street, Quebec, QC G1K 7R1
www.minesvirginia.com | info@minesvirginia.com
Phone: (800) 476-1853 or (418) 694-9832 | Fax: (418) 694-9120