In a recent episode, Michael Fox and Robert Wares, President and CEO of Osisko Metals (TSX-V: OM) (OTCQX: OMZNF) (FRANKFURT: OB51), discussed the significant advancements and future strategies for the company, particularly focusing on the Gaspé Copper project in Eastern Quebec.

Key Highlights from the Discussion

• Drill Program Completion: The episode emphasized the successful completion of a drill program at the Gaspé Copper project, which has resulted in a new resource estimate that effectively tripled the size of the deposit. The company is now gearing up for an extensive drill program in 2025, targeting a minimum of 90,000 meters of drilling to convert resources to measured and indicated categories. The goal is to achieve 1.6 billion tons of measured and indicated resources by year-end 2025.

• Financial Backing: Osisko Metals secured $107.4 million in financing, which will fully capitalize the Gaspé project for the next five years. This funding is crucial for advancing their ambitious plans.

• Five-Year Operational Plan: Wares outlined a comprehensive five-year plan that includes completing permitting processes, conducting environmental impact studies, and updating resource estimates. The project aims to establish a large bulk tonnage copper operation expected to commence production by 2032.

• Community Impact: The executives highlighted the local support and government backing for the project, emphasizing its potential positive impact on both the community and the economy. Osisko Metals acquired the Gaspé Copper mine from Glencore in July 2023, which had previously stalled due to its size.

About Osisko Metals

Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The Company acquired a 100% interest in the past-producing Gaspé Copper mine from Glencore Canada Corporation in July 2023. The Gaspé Copper mine is located near Murdochville in Québec‘s Gaspé Peninsula. The Company is currently focused on resource expansion of the Gaspé Copper system, with current Indicated Mineral Resources of 824 Mt grading 0.34% CuEq and Inferred Mineral Resources of 670 Mt grading 0.38% CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ November 14, 2024 news release entitled “Osisko Metals Announces Significant Increase in Mineral Resource at Gaspé Copper“. Gaspé Copper hosts the largest undeveloped copper resource in eastern North America, strategically located near existing infrastructure in the mining-friendly province of Québec.

In addition to the Gaspé Copper project, the Company is working with Appian Capital Advisory LLP through the Pine Point Mining Limited joint venture to advance one of Canada‘s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of Indicated Mineral Resources of 49.5 Mt at 5.52% ZnEq and Inferred Mineral Resources of 8.3 Mt at 5.64% ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals’ June 25, 2024 news release entitled “Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq”. The Pine Point project is located on the south shore of Great Slave Lake, Northwest Territories, close to infrastructure, with paved road access, an electrical substation and 100 kilometers of viable haul roads.

Osisko Metals