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Osisko Metals Incorporated 
Listed Company 

OSISKO METALS INCORPORATED ("OM")
BULLETIN TYPE: Plan of Arrangement-
BULLETIN DATE: March 1, 2018
TSX Venture Tier 2 Company

Pursuant to resolutions passed by the shareholders of each of Pine Point Mining Limited ("Pine Point") on February 16, 2018, Pine Point and Osisko Metals Incorporated ("Osisko"), have completed a plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement"), pursuant to an Arrangement Agreement dated December 15, 2017.

Under the terms of the Arrangement, each former holder of shares of Pine Point is entitled to receive, in exchange for each share of Pine Point held immediately prior to the effective time of the Arrangement:

(i) 0.2710 of a common share of Osisko;

(ii) 0.0677 of a common share purchase warrant of Osisko, with each whole warrant entitling the holder thereof to acquire one common share of Osisko at an exercise price of CDN$1.50 per share for a period of 12 months from the date hereof; and

(iii) One (1) common share of Spinco, which shares will then be consolidated on a 10:1 basis under the Arrangement.

An aggregate of (i) up to 49,938,268 Osisko Metals Shares (subject to adjustment for rounding) are issuable under the Arrangement based on the Exchange Ratio of 0.271, and (ii) up to 12,475,353 Osisko Metals Consideration Warrants (subject to adjustment for rounding) are issuable under the Arrangement based on the Warrant Exchange Ratio of 0.677, all upon, and subject to, the terms and conditions set forth in the Arrangement Agreement.

The Arrangement was approved by Pine Point shareholders on February 16, 2018 and approved by the Ontario Superior Court of Justice on February 21, 2018.

Further information on the transaction is available in Pine Point's Management Information Circular dated January 17, 2018 and news releases of the Company dated December 18, 2018, February 12, 2018, February 16, 2018, February 21, 2018, February 23, 2018, and February 26, 2018.
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