To: Goose94 who wrote (15861 ) 6/30/2016 8:48:25 AM From: Goose94 Read Replies (2) | Respond to of 202700 Osisko Gold Royalties (OR-T) June 30, '16 announces that under the terms of a subscription agreement it acquired 4,000,000 units of Strongbow Exploration (SBW-V) for a price of $0.125 per Unit where each Unit is composed of one common share and one common share purchase warrant. Each whole Warrant entitles the holder to acquire one Common Share at a price of $0.20 before June 28, 2019. Osisko now has control over 27.5% of the issued and outstanding Common Shares of Strongbow (35.6% on a partially diluted basis). Osisko may increase or decrease its investment in Strongbow based on market conditions or other relevant factors. The subscription was made through a private placement under the accredited investor exemption and under the prospectus exemption for the acquisition of mining properties provided by applicable securities regulation. In accordance with the Early Warning System, a copy of this news release and the report will be filed with the applicable Canadian Securities Administrators and will be available on SEDAR's website ( www.sedar.com ) About Osisko Gold Royalties Ltd Osisko is an intermediate mining royalty and exploration company with two world-class gold royalty assets. These two cornerstone assets are a 5% net smelter return ("NSR") royalty on the world-class Canadian Malartic gold mine, located in Malartic, Québec, and a 2.0-3.5% NSR on the Éléonore gold mine, located in James Bay, Québec. Osisko also holds a 1.7-2.55% NSR royalty on certain claims comprising the Island Gold Mine, a 1.7% NSR royalty on the Lamaque South Project, a 3% NSR royalty on the Malartic CHL property, a 1.5% NSR on the Cariboo Gold Project, as well as a 2% NSR royalty on the Upper Beaver, Kirkland Lake and Hammond Reef gold exploration projects in Northern Ontario. The Company also owns a 9.8% equity interest in Labrador Iron Ore Royalty Corporation. Osisko's head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2. Osisko Gold Royalties Ltd John Burzynski Senior Vice President, New Business Development (416) 363-8653 jburzynski@osiskogr.com Osisko Gold Royalties Ltd Joseph de la Plante Vice President, Corporate Development (514) 940-0670 jdelaplante@osiskogr.com