MONTREAL, Feb. 24, 2023 (GLOBE NEWSWIRE) — Osisko Development Corp. (NYSE: ODV, TSXV: ODV) (“Osisko Development” or the “Company“) is pleased to announce that the Company has agreed to issue 10,000 common shares of the Company (the “Common Shares“) in accordance with the terms of a participation agreement dated June 10, 2022 (the “Participation Agreement“) with the Williams Lake First Nation (see news release dated July 5, 2022), relating to the Company’s 100%-owned Cariboo Gold Project located in central British Columbia.

Pursuant to the Participation Agreement, the Company has also agreed to make certain cash payments and issue up to 50,000 additional Common Shares, subject to the achievement of certain future milestones. All Common Shares issuable under the Participation Agreement will be subject to a statutory hold period expiring four months and one day from the date of issuance in accordance with applicable securities legislation.

About Osisko Development Corp.

Osisko Development Corp. is a premier North American gold development company focused on high-quality past-producing properties located in mining friendly jurisdictions with district scale potential. The Company’s objective is to become an intermediate gold producer by advancing its 100%-owned Cariboo Gold Project, located in central B.C., Canada, the recently acquired Tintic Project in the historic East Tintic mining district in Utah, U.S.A., and the San Antonio Gold Project in Sonora, Mexico. In addition to considerable brownfield exploration potential of these properties, that benefit from significant historical mining data, existing infrastructure and access to skilled labour, the Company’s project pipeline is complemented by other prospective exploration properties. The Company’s strategy is to develop attractive, long-life, socially and environmentally sustainable mining assets, while minimizing exposure to development risk and growing mineral resources.

For further information, please contact Osisko Development Corp.: