Subject: BOARD OF DIRECTORS
Osisko Announces the Election of Its Board of Directors
MONTREAL, QUEBEC--(Marketwired - May 5, 2017) - Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (TSX:OR)(NYSE:OR) announces that, at the annual and special meeting of shareholders held on May 4, 2017, each of the 10 nominees listed in the management information circular filed on April 10, 2017 (the "Circular") with regulatory authorities were elected as directors of the Corporation.
Based on the proxies received and the votes on a show of hands, the following individuals were elected as directors of the Corporation until the next annual shareholders' meeting. Accordingly, the results are set out below:
Name of Nominee |
Votes cast FOR |
% of votes cast FOR |
WITHHELD |
Percentage (%) WITHHELD |
| Françoise Bertrand | 76,792,344 | 99.68 | 249,833 | 0.32 |
| Victor H. Bradley | 74,614,649 | 96.85 | 2,427,528 | 3.15 |
| John Burzynski | 76,220,743 | 98.93 | 821,434 | 1.07 |
| Christopher C. Curfman | 76,916,966 | 99.84 | 125,211 | 0.16 |
| Joanne Ferstman | 75,133,009 | 97.52 | 1,909,168 | 2.48 |
| André Gaumond | 76,957,990 | 99.89 | 84,187 | 0.11 |
| Pierre Labbé | 75,562,437 | 98.08 | 1,479,740 | 1.92 |
| Charles E. Page | 76,508,504 | 99.31 | 533,673 | 0.69 |
| Jacques Perron | 76,958,783 | 99.89 | 83,394 | 0.11 |
| Sean Roosen | 73,964,522 | 96.01 | 3,077,655 | 3.99 |
Appointment of Auditors
Based on the proxies received and the votes on a show of hands, PricewaterhouseCoopers, LLP, Chartered Accountants, was appointed as independent auditor of the Corporation for the ensuing year and the directors are authorized to fix their remuneration, with the following results:
| RESOLUTION N°2 | Votes cast FOR |
% of votes cast FOR |
WITHHELD |
Percentage (%) WITHHELD |
| Appointment of Auditor | 82,002,953 | 99.73 | 221,249 | 0.27 |
Approval of the Unallocated options under the Stock Option Plan
Based on the proxies received and the votes on a show of hands with respect to the adoption of an ordinary resolution to approve all unallocated options under the Corporation's Stock Option Plan, the results are as follows:
| RESOLUTION N°3 | Votes cast FOR |
% of votes cast FOR |
AGAINST |
Percentage (%) AGAINST |
| Ordinary Resolution for the approval of the unallocated options under the Stock Option Plan | 69,099,713 | 89.69 | 7,942,462 | 10.31 |
Approval of the Amended and Restated Shareholder Rights Plan
Based on the proxies received and the votes on a show of hands with respect to the adoption of an ordinary resolution for the approval of the Amended and Restated Shareholder Rights Plan, the results are as follows:
| RESOLUTION N°4 | Votes cast FOR |
% of votes cast FOR |
AGAINST |
Percentage (%) AGAINST |
| Ordinary Resolution for the approval of the Amended and Restated Shareholder Rights Plan | 72,196,093 | 93.71 | 4,846,083 | 6.29 |
Advisory Resolution on Executive Compensation
Based on the proxies received and the votes on a show of hands with respect to the adoption of an advisory resolution on executive compensation, the results are as follows:
| RESOLUTION N°5 | Votes cast FOR |
% of votes cast FOR |
AGAINST |
Percentage (%) AGAINST |
| Advisory Resolution on Executive Compensation | 72,611,093 | 94.25 | 4,431,083 | 5.75 |
About Osisko Gold Royalties Ltd
Osisko is an intermediate precious metal royalty and stream company focused on the Americas that commenced activities in June 2014. It holds over 50 royalties and streams, including a 5% NSR royalty on the Canadian Malartic Mine (Canada), a 2.0% to 3.5% NSR royalty on the Éléonore Mine (Canada) and a silver stream on the Gibraltar Mine (Canada). It maintains a strong financial position with cash resources of $423.6 million at March 31, 2017 and has distributed $35.1 million in dividends to its shareholders during the past ten consecutive quarters. Osisko also owns a portfolio of publicly held resource companies, including a 15.3% interest in Osisko Mining Inc., 13.3% in Falco Resources Ltd., and 35.2% interest in Barkerville Gold Mines Ltd.
Osisko's head office is located at 1100 avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.
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