Osisko Metals Announces Closing of LIFE Financing of Flow-Through Shares for Gross Proceeds of $3.5 Million (Including Exercise in Full of Agents' Option)

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MONTREAL, July 12, 2023 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce that it has closed its previously-announced "best efforts" private placement offering, pursuant to which Osisko Metals issued an aggregate of 8,750,0000 common shares of the Company (each, a "FT Share") that will qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada) (the "Tax Act") and the Taxation Act (Québec) at a price of $0.40 per FT Share (the "Offering Price") for aggregate gross proceeds to the Company of $3,500,000 (the "Offering"), including the exercise in full of the Agents' option.

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