Publication of a declaration according to the warning system

MONTREAL, QUEBEC – Royalties AurifAres Osisko Ltd. (TSX: OR) (NYSE: NC) ( “Osisko”) announces that it has subscribed to, and received Falco Resources (TSX VENTURE: FPC) (“Falco”), 3,101,000 units (the “Units”) at a price of $ 1.29 per unit. Each unit consists of one common share (one “common share”) in the capital of Falco and one-half of one common share purchase warrant (each warrant, Falco’s “warrant”). Each warrant entitles the holder to acquire one common share at a price of $ 1.70 for a period of 18 months following the previously announced bought deal financing closing date (the “Financing”), . Funding was announced on May 17, 2017.

Immediately prior to the closing of the financing, Osisko held, directly and indirectly, 20,826,005 Falco common shares, representing approximately 13.2% of the issued and outstanding common shares of Falco. (I) 23,927,005 Falco Common Shares, representing approximately 13.3% of the issued and outstanding common shares of Falco, and (ii) (Ii) 1,550,500 warrants. Assuming the exercise of the warrants, Osisko would hold 25,477,505 Falco common shares, representing approximately 14.1% of the issued and outstanding common shares of Falco.

Osisko has acquired the shares described in this press release for investment purposes and in compliance with applicable securities laws. Osisko may, from time to time and at any time, acquire additional shares and / or other interests, debt or other securities or instruments (collectively, the “Securities”) of Falco on the open market or otherwise and reserve The right to dispose of some or all of its securities on the open market or otherwise at any time and from time to time and to engage in such securities-related transactions in accordance with market, And Falco’s opportunities, and other relevant factors.

A copy of Osisko’s alert system statement in connection with the financing described above will be available on SEDAR under the Falco issuer profile. This press release is issued in accordance with the provisions of Canadian securities laws regarding reporting under the alert system.

About Osisko AurifAres Ltee

Royalties Osisko is a precious metal intermediate royalty company focused on the Americas, which began operations in June 2014. The Company owns more than 50 metal royalties and flows, including a 5% NSR royalty on the Canadian Malartic mine (Canada ), A 2.0-3.5% NSR royalty on the A�leonore mine (Canada) and a silver flow on the Gibraltar mine (Canada). The Company maintains a strong financial position and has distributed $ 35.1 million in dividends to its shareholders in the last ten quarters.

Source: Charges AurifAres Osisko Ltd.