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Osisko Metals Announces Maiden Resource at Gaspé Copper - Inferred Resource of 456Mt Grading 0.31% Copper

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(Montreal, April 28, 2022) Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51 - ) is pleased to announce an initial Inferred Mineral Resource Estimate at Mount Copper as part of the Gaspé Copper Project, located near Murdochville in the Gaspé Peninsula of Quebec. This resource is pit-constrained to mineralization surrounding the past-producing Mount Copper open pit mine (“Mount Copper Expansion Project”) and uses a base case of US$3.80/lb copper and a lower cut-off grade of 0.16% sulfide copper. It was estimated using data from historical drilling completed between the 1960’s and 2019.

Table 1: Mineral Resource Estimate Base Case

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Grade Copper

Strip Ratio

Contained Copper Metal*

Total (%)*

Sulfide (%)


Metric Tonnes


456 Mt