OSK - Osisko Mining - WKN A0Q390

Kesso · 09. Mai 2011, 11:24:39

Osisko loses $800,000 in Q1 2009

2009-05-14 11:59 ET - News Release

Mr. Sean Roosen reports

OSISKO RELEASES FIRST QUARTER 2009 RESULTS

Osisko Mining Corp. has released its first quarter financial results for the period ended March 31, 2009, and provided an overview of its activities.

Following the conclusion of a successful $403-million equity financing in February, 2009, the company has continued with the development of its flagship Canadian Malartic gold deposit. Current reserves at Canadian Malartic stand at 6.3 million ounces (see news in Stockwatch Nov. 25, 2008).

The company entered into a formal public hearing process held by Quebec's Bureau des audiences publiques en environnement (BAPE) following the receivability of its environmental impact assessment study in January, 2009. The company participated in a series of public meetings in Malartic and is collaborating with the BAPE and the Ministry of Sustainable Development, Environment and Parks (MSDEP) officials as they progress in the assessment of the project. The BAPE is expected to table a report to the Minister of MSDEP no later than July 9, 2009.

The company has also made significant progress on the relocation program, including the construction of new institutional infrastructures for Malartic. The residential relocation program was reinitiated in April following the end of the winter season, and as of the date of this press release, an additional 27 homes have been moved to the new town subdivision. Sixty homes were previously relocated in 2008.

Detailed engineering has advanced to a completion rate of approximately 45 per cent, and development personnel are continuing to complete negotiations on the remaining supply agreements. Committed and completed expenditures on the project amount to $250-million (U.S.). Based on the November, 2008, feasibility study, the total project budget is estimated at $789-million (U.S.), with commercial production expected to commence in April, 2011.

On the exploration front, the company drilled 77,185 metres mainly on the South Barnat deposit. An inferred resource calculation on the South Barnat deposit was issued in January, 2009, and the company anticipates issuing a measured and indicated resource calculation in the current quarter.

The company has also strengthened its senior management team with the recent appointments of Sergio Cattalani as vice-president, exploration, and Robert Mailhot as vice-president, human resources.

Sean Roosen, president and chief executive officer, commented: "Our February financing was a company-changing event, moving the company one large step closer to our goal of achieving near-term production. Our strong financial position allows us to pursue the development of the Canadian Malartic project, while continuing to aggressively explore the property to grow our reserve and resource base. We are well on our way to achieving our goal of making Osisko Canada's newest premium intermediate gold producer."

During the first quarter, the company incurred a net loss of $800,000 (nil per share) compared with a net income of $4.7-million (three cents per share) in the corresponding period of 2008. Higher operating costs were incurred in 2009 as the company is moving from an exploration company to a mid-tier gold developing company. In addition, the company recognized a $2.0-million (2008 -- $4.7-million) future tax recovery following the renunciation of its exploration expenditures to subscribers of a September, 2008, $12.3-million flow-through issue (2008 -- $25-million flow-through issue in July, 2007).

FINANCIAL HIGHLIGHTS
(in millions of dollars)

March 31, 2009 Dec. 31, 2008

Cash position(1) 449.2 95.7
Working capital 443.3 92.7
Total assets 705.0 318.2
Shareholders' equity 649.2 267.3

(1) Includes cash and cash equivalents, short-term investments,
restricted cash and cash collateral

The financial statements and management discussion and analysis for the period ended March 31, 2009, will be filed on SEDAR by May 15, 2009.

We seek Safe Harbor.

Kesso · 09. Mai 2011, 11:24:51

Search Recent News:

* About Marketwire
* Workflow Solutions
* Resource Center
* News Room
* Contact Us
* Home
* Version Française

Advanced Search All Recent News Email a Friend Print-Friendly
Bowmore Exploration Ltd.

TSX VENTURE: BOW
May 19, 2009 14:36 ET
BOWMORE Announces OSISKO Mining Corporation as Strategic Partner and $4.2 Million Non-Brokered Private Placement

MONTREAL, QUEBEC--(Marketwire - May 19, 2009) - BOWMORE Exploration Ltd. (TSX VENTURE:BOW), ("BOWMORE") is pleased to announce that it has signed a letter of intent with OSISKO Mining Corporation ("OSISKO") pursuant to which BOWMORE and OSISKO are to become strategic partners. Under the terms of the letter of intent, OSISKO is to acquire $3.0 Million of a proposed $4.2 Million non-brokered private placement (the "Private Placement") and, upon completion of the Private Placement, OSISKO is to have the right to appoint two nominees to BOWMORE's five member board of directors.

On May 11, 2009, BOWMORE announced a $1.0 Million non-brokered private placement. That private placement has been reorganized as a $4.2 Million non-brokered placement consisting of the sale of 21,000,000 Units at $0.20 per Unit for gross proceeds of $4.2 Million. OSISKO will acquire 15,000,000 Units for gross proceeds of $3.0 Million and the remaining 6,000,000 Units will be acquired by insiders of BOWMORE and OSISKO and by other accredited investors. Each Unit consists of one (1) common share of BOWMORE (the "Share") and one-half (1/2) of one common share purchase warrant (the "Warrants"). Each whole Warrant entitles the holder to acquire a common share of BOWMORE (the "Warrant Shares") at a price of $0.35 for a period of 48 months, provided that after two years have elapsed from the closing date, and upon the closing trading price of BOWMORE's common shares being at or above the price of $0.75 for 10 consecutive trading days, the Warrants shall expire on the earlier of: (i) the expiry date of such Warrants, or (ii) such date which is 30 days after the first business day following the date BOWMORE provides written notice to the holders of Warrants that the Warrants will expire at the end of such 30-day period. BOWMORE currently has 16,728,984 shares outstanding on a non-diluted basis and 23,958,984 shares outstanding on a fully diluted basis. OSISKO does not currently own any securities of BOWMORE. Upon closing of the Private Placement, BOWMORE will have 37,728,984 shares outstanding on a non-diluted basis and 55,458,984 shares outstanding on a fully diluted basis, of which OSISKO will own 15,000,000 Shares (39.8%) of the shares outstanding on a non-diluted basis and 22,500,000 Shares (40.6%) of the shares outstanding on a fully diluted basis.

OSISKO's primary business objective is the exploration and development of the flagship Canadian Malartic gold deposit. OSISKO has also identified a number of grass-roots gold exploration opportunities in Canada and has selected BOWMORE as an exploration partner to advance these projects. BOWMORE currently has an option to acquire a 100% interest in the Santa Elvira gold-copper property in Mexico, which is of interest to OSISKO. The parties believe that their strategic alliance should create shareholder value for both BOWMORE and OSISKO, as OSISKO intends to involve BOWMORE in exploration projects that would not be suitable for OSISKO given its focus on the Canadian Malartic gold deposit, and thereby reduce OSISKO's exploration risk, and BOWMORE will benefit from deal flow generated by OSISKO.

Mr. Robert Wares, Executive Vice-President and COO of OSISKO is currently a director of BOWMORE. Pursuant to the private placement, OSISKO will have a right to appoint two nominees to Bowmore's five member board of directors. Mr. Wares will be one nominee of OSISKO and the second nominee is to be determined. Mr. Wares has been instrumental in the exploration and development of OSISKO's Canadian Malartic gold deposit. Mr. Wares was President and Chief Executive Officer of Osisko from August 1998 to March 2006 and has been Executive Vice-President and Chief Operating Officer of OSISKO since March 2006. In addition to BOWMORE and OSISKO, Mr. Wares is currently a director of Augusta Resource Corporation and Wildcat Silver Corporation.

Mr. Paul Dumas, President and CEO of BOWMORE commented, "We are extremely pleased to team up with OSISKO. We have an established relationship with the executives of OSISKO and we respect their mine finding capabilities. They have proven their mining and exploration capabilities with the "Canadian Malartic" project and we feel that this partnership will provide access to a broad range of resources and contacts that would benefit Bowmore and its shareholders. This alliance will create synergies which will significantly increase the chances of discovery while lowering exploration risk for both parties."

The proceeds from the Private Placement will be used for exploration work on the Santa Elvira property, new project acquisitions, development and for working capital purposes.

Closing of the Private Placement is conditional on definitive documentation, satisfactory due diligence, receipt of all necessary shareholder and regulatory approvals and closing on or before July 31, 2009. As the Private Placement will result in OSISKO becoming a control person of BOWMORE, the TSX Venture Exchange will require BOWMORE to obtain shareholder approval of the Private Placement.

About OSISKO

OSISKO MINING CORPORATION is currently developing the Canadian Malartic gold deposit and evaluating adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Canadian Malartic deposit currently represents one the biggest gold reserves in Canada for a single deposit, and is still growing through ongoing drilling on new mineralized zones. Current reserves for the Canadian Malartic property are 6.28 million ounces, plus an indicated resource of 1.4 million ounces and an inferred resource (including the Barnat deposit) of 2.75 million ounces. OSISKO is well-funded with approximately $450 million on hand.

OSISKO trades on the TSX under the symbol "OSK".

About BOWMORE

BOWMORE EXPLORATION LTD. is a Canadian exploration mining company focused on precious metal exploration in Mexico and in Quebec. Bowmore's Santa Elvira Property covers 563 hectares and is located in northern Mexico, 160 km northwest of Chihuahua, the state capital. The property is situated on the Sierra Madre Gold Trend which is part of the well known northwest tectonic gold trend where a number of multi-million ounce gold deposits have been discovered. Mineralization at Santa Elvira is hosted within a southwest shallow-dipping gold-copper iron skarn. At surface, the mineralized skarn can be mapped for at least 2 km and is associated with a broad aeromagnetic anomaly. Preliminary sampling of the pyrite-magnetite-bearing mineralization in the mine adits returned an average of 7.10 g/t Au and 0.91% Cu. Twenty-six samples from the more oxidized, shallow dipping skarn mantos taken from the outer part showed an average of 0.80 g/t Au and 0.57% Cu. Highest samples taken returned 51.50 g/t Au and 4.27% Cu.

BOWMORE trades on the TSX Venture Exchange under the symbol "BOW".

Mr. Andre Ciesielski, P. Geo., is the Qualified Person for BOWMORE who has reviewed this news release and is responsible for the technical information reported herein.

Forward Looking Information

Certain statements contained in this Press Release may be deemed "forward-looking information" under Canadian provincial securities laws. All statements in this release, other than statements of historical fact, that address events or developments that BOWMORE or OSISKO expects to occur, constitute forward looking information. Forward looking information are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although BOWMORE or OSISKO as the case may be believes the expectations expressed in such forward-looking information are based on reasonable assumptions, including, in the case of OSISKO without limitation that all technical, economical and financial conditions will be met in order to put the Canadian Malartic Project into commercial production, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking information. Factors that could cause the actual results to differ materially from those in forward looking information include gold prices, access to skilled mining development and mill production personnel, results of exploration and development activities, BOWMORE or OSISKO's limited experience with production and development stage mining operations, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations market prices, continued availability of capital and financing and general economic, market or business conditions. These factors are discussed in greater detail in OSISKO's most recent Annual Information Form filed on SEDAR, and BOWMORE's disclosure documents filed on SEDAR, which also provide additional general assumptions in connection with these statements. BOWMORE and OSISKO caution that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on BOWMORE and OSISKO's forward-looking information should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. BOWMORE and OSISKO believe that the expectations reflected in those forward looking information are reasonable, but no assurance can be given that these expectations will prove to be correct.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact
BOWMORE Exploration Ltd.
Paul A. Dumas
President & CEO
(514) 861-4441
Email: info@bowmorexploration.com
Website: www.bowmorexploration.com
Click here to see all recent news from this company

Privacy Statement | Terms of Service | Sitemap |© 2009 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)

Kesso · 09. Mai 2011, 11:25:37

Search Recent News: About Marketwire
Workflow Solutions
Resource Center
News Room
Contact Us
Home
Version Française

Advanced Search All Recent News Email a Friend Print-Friendly

Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX

May 21, 2009 08:00 ETOsisko Discovers New Mineralized Zone Adjacent to South Barnat
MONTREAL, QUEBEC--(Marketwire - May 21, 2009) - Osisko Mining Corporation ("Osisko") (TSX:OSK) (FRANKFURT:EWX) is pleased to announce the discovery of a new mineralized zone adjacent to the South Barnat deposit. The new zone has thus far been intersected in three holes that yielded the following results:

------------------------------------------------------------Hole No. Section From (m) To (m) Length (m) Au g/t------------------------------------------------------------BA09-3581 550E 18.9 39.0 20.1 6.17------------------------------------------------------------including 27.0 28.5 1.5 25.60------------------------------------------------------------BA08-3426 575E 16.0 57.6 41.6 8.36------------------------------------------------------------including 30.0 34.2 4.2 41.40------------------------------------------------------------BA09-3594 600E 59.5 122.0 62.5 7.70------------------------------------------------------------including 86.5 91.0 4.5 49.20------------------------------------------------------------

The new zone is located approximately 50 metres north of South Barnat between sections 550E and 600 E. The discovery contains a new style of mineralization not previously observed at either Canadian Malartic or South Barnat, consisting of high-grade quartz-pyrite breccias replacing ultramafic rocks with abundant fine visible gold. Orientation and geometry of the new zone are presently unknown, however, it is open at depth and appears to be plunging to the southeast. Assuming a subvertical dip, the true width of this zone may range between 15 and 28 metres.

This discovery is the result of definition drilling in peripheral areas of the South Barnat deposit, designed to test material immediately around the known deposit that would be included in a potential open pit engineered to mine the deposit. The definition drill program on South Barnat has been completed and was focused on an 850 metre-long grid oriented northwest-southeast with drill sections spaced 25 metres apart. The grid was extended an additional 250 metres east for this program, and this extension was drilled along sections spaced 50 metres apart. A NI 43-101 compliant inferred resource estimate of 2.0 million ounces for South Barnat was released on January 26, 2009 and the technical report was filed on SEDAR on February 17, 2009. The current definition drill program will lead to a NI 43-101 compliant Measured and Indicated resource estimate for South Barnat, to be released in May 2009, with a pit-constrained estimate to be released in June 2009.

Drilling to date suggests that the minimum strike length of the South Barnat Zone is 1050 metres with an average true width between 20 and 120 metres. The mineralized zone is open along strike to the east, where it merges with the former East Malartic Mine and where recent drilling has indicated a possible extension over an additional 150 metres. South Barnat extends to depths of 250 to 400 metres in the central portion, where the system is still open at depth. Estimated depth in the northwestern third of the deposit is 130 to 200 metres.

All NQ or HQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corp. is currently developing the Canadian Malartic gold deposit and adjacent mineralized zones into a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded and is carrying out an aggressive definition drilling, exploration and development campaign. A NI 43-101 compliant, 7.7 million ounce gold Measured and Indicated global resource on the main Canadian Malartic gold deposit was released on September 8, 2008 and the technical report has been filed on SEDAR. This includes a NI 43-101 compliant, 6.3 million ounce gold Reserve estimate released in the Feasibility Study on the main Canadian Malartic gold deposit on November 25, 2008, for which the technical report has been filed on SEDAR. These estimates did not include the South Barnat Zone or any other mineralized zone located outside the main deposit that is currently being evaluated by Osisko.

Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person who has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed including the sampling, analytical and test data underlying the technical information.

Cautionary Notes Concerning Estimates of Mineral Resources

This news release uses the terms measured, indicated and inferred resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that mineral resources are not economic mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. In addition, inferred resources are considered too geologically speculative to have any economic considerations applied to them. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for Preliminary Assessment as defined under NI 43-101. Readers are cautioned not to assume that that further work on the stated resources will lead to mineral reserves that can be mined economically.

Forward Looking Statements

Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation that all technical, economical and financial conditions will be met in order to put the Canadian Malartic Project into commercial production, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, access to skilled consultants, mining development and mill production personnel, results of exploration and development activities, the Corporation's limited experience with production and development stage mining operations, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations market prices, continued availability of capital and financing and general economic, market or business conditions. These factors are discussed in greater detail in the Corporation's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. The Corporation cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Corporation's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.

For more information, please contact

Osisko Mining Corporation
John Burzynski
Vice-President Corporate Development
514-735-7131
www.osisko.com

or

Osisko Mining Corporation
Daniel Boase
Investor Relations
416-742-5600
Toll Free: 1-866-580-8891 Click here to see all recent news from this company Privacy Statement | Terms of Service | Sitemap |© 2009 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)

Kesso · 09. Mai 2011, 11:25:48

Jun 30, 2009 21:20 ET
Osisko Closes $10.64 Million Flow-Through Financing

MONTREAL, QUEBEC--(Marketwire - June 30, 2009) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has closed its previously announced non-brokered financing. Osisko issued a total of 1,216,000 flow-through shares at a price of $8.75 per share for aggregate gross proceeds of C$10,640,000. The securities issued under this private placement are subject to a four month hold period ending on October 27, 2009.

These funds will be used to aggressively pursue exploration programs on several exploration projects and on the Canadian Malartic project with the objective of increasing Osisko's reserve and resource base.

About Osisko

Osisko Mining Corporation is currently developing the Canadian Malartic gold deposit and evaluating adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Canadian Malartic deposit currently represents one the biggest gold reserves in Canada for a single deposit, and is still growing through ongoing drilling on new mineralized zones. Current reserves for the Canadian Malartic property are 6.28 million ounces, plus (including the Barnat deposit) a measured and indicated resource of 3.65 million ounces and an inferred resource of 0.84 million ounces. Osisko is well-funded with approximately $420 million on hand.

Kesso · 09. Mai 2011, 11:25:59

Osisko Mining closes investment in Bowmore

2009-07-03 07:21 ET - News Release

Also News Release (C-BOW) Bowmore Exploration Ltd

Mr. Sean Roosen of Osisko reports

OSISKO MINING CORPORATION COMPLETES STRATEGIC INVESTMENT

Osisko Mining Corp. has closed its previously announced strategic investment in Bowmore Exploration Ltd. through an investment of $3.0-million of a proposed $4.2-million non-brokered private placement. Osisko now owns 15 million common shares (39.1 per cent) of the 38,364,984 shares outstanding on a non-diluted basis and 22.5 million common shares (40.4 per cent) of the shares outstanding on a fully diluted basis. Furthermore, Osisko has the right to appoint two nominees to Bowmore's five-member board of directors.

On May 11, 2009, Bowmore announced (see news issued in Stockwatch) a $1.0-million non-brokered private placement which has been restructured as a $4.2-million non-brokered private placement consisting of the sale of 21 million units at 20 cents per unit for gross proceeds of $4.2-million. Osisko agreed to acquire 15 million units for gross proceeds to Bowmore of $3.0-million and the remaining six million units were acquired by insiders of Osisko and Bowmore, and by other accredited investors. Each unit consists of one common share of Bowmore and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire a common share of Bowmore at a price of 35 cents for a period of 48 months, provided that after two years have elapsed from the closing date, and upon the closing trading price of Bowmore's common shares being at or above the price of 75 cents for 10 consecutive trading days, the warrants shall expire on the earlier of: (i) the expiry date of such warrants; or (ii) such date which is 30 days after the first business day following the date Bowmore provides written notice to the holders of warrants that the warrants will expire at the end of such 30-day period.

Kesso · 09. Mai 2011, 11:26:09

Jul 07, 2009 09:21 ET
Osisko Announces Agreement in Principle for C$75 M Financing

MONTREAL, QUEBEC--(Marketwire - July 7, 2009) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has concluded an agreement in principle with Societe generale de financement du Quebec ("SGF") for a financing in the amount of C$75,000,000. The financing will be structured as a senior non-guaranteed debenture, convertible at the discretion of the SGF into Osisko shares at a price of C$9.18 per share. It will carry an interest rate of 7.5%. The initial capital is to be reimbursed no later than December 15, 2014 (five years after the initial disbursement, which is anticipated to be no later than December 15, 2009).

The transaction is subject to several conditions and authorizations, including Osisko securing an additional 225 million dollars of financing, due diligence to the satisfaction of SGF, no significant material change prior to closing, approval of the board of directors of SGF and Osisko and the regulatory authorities. Osisko must also receive all permits required to develop the Canadian Malartic project and the negotiation of appropriate final documentation required for this type of transaction.

Mr. Sean Roosen, President and Chief Executive Officer of Osisko stated: "We are very happy to have such a strong financial partner from Quebec showing interest in the development of the Canadian Malartic project. This project, which requires investment of $1B, is important for the Abitibi-Temiscamingue region and putting it into production will result in important economic benefits for the region and for Quebec."

Osisko continues to pursue discussions with diverse financial institutions and strategic partners to complete the required financing for the development of the Canadian Malartic project. In addition Osisko currently has 44, 274,050 warrants outstanding at an exercise price of $5.45 per share that will expire November 17, 2009. The eventual exercise of these warrants would result in proceeds of an additional $241 million dollars to the Osisko treasury.

About SGF

Societe generale de financement du Quebec (www.sgfqc.com) is an industrial and financial holding company. Its mission is to carry out economic development projects, with emphasis on the industrial sector, in cooperation with partners and in accordance with accepted requirements for profitability and the Government of Quebec's economic development policy. As part of its new mandate, SGF is authorized by the Government of Quebec to expand its traditional role as a share capital investor by offering complementary solutions, such as loans, debentures, or preferred share capital investments.

Kesso · 09. Mai 2011, 11:26:20

08.07.09

Experten zu Osisko Mining :

UBS bekräftigt Kaufempfehlung

Einem Bericht der kanadischen Zeitung The Globe and Mail zufolge hat Analyst Dan Rollins seine Kaufempfehlung für die Aktien der Osisko Mining (WKN A0Q390) sowie das Kursziel von 9,00 kanadischen Dollar bekräftigt hat.

Der Experte sagte, Osisko habe eine grundsätzliche Einigung erzielt, um durch die Ausgabe einer Wandelschuldverschreibung an die Societe generale de financement du Quebec 75 Millionen Dollar aufzunehmen. Das Geld solle verwendet werden, um die Entwicklung des Mlartic-Projekts in Quebec abzuschließen.

bj - GOLDINVEST.de

Kesso · 09. Mai 2011, 11:26:31

Report on Osisko's Canadian Malartic Bape Hearings Is Made Public

MONTREAL, QUEBEC, Jul 09, 2009 (MARKETWIRE via COMTEX News Network) --
OsiskoMining Corporation ("Osisko") (TSX: OSK)(FRANKFURT: EWX) is pleased toannounce that the Quebec Minister of Sustainable Development,Environment and Parks has made public the report on the public inquiryand hearings on the Canadian Malartic project by the Bureau d'audiencespubliques sur l'environnement (BAPE), Quebec's environmental reviewboard.

The report "concluded that the project could beauthorized under certain conditions. These conditions include certainfollow-up programs and the deposit of financial guarantees sufficientto ensure that the project could be carried out in a sustainabledevelopment perspective."

Osisko President and CEO Sean Roosencommented: "We are pleased to have passed this major stage in theregulatory approval process for the Canadian Malartic project. We aresatisfied by the report's conclusions and will carefully review all theBAPE commissioners' comments and recommendations. We intend to takethese into account should authorization be granted to move on to thenext phases of our project."

"We are more enthusiastic thanever at the prospects offered by our project for Malartic's communityas well as for our investors," Roosen added. "Should the Quebecprovincial cabinet authorize us to go ahead, we are confident that theCanadian Malartic project will create value not only for ourshareholders but also for the economy, businesses and workers inMalartic, Abitibi-Temiscamingue and all of Quebec. From the beginningof this project, we have been determined to optimize the economicimpact over its entire life cycle, while being diligent to minimize itsimpact on the physical and human environment. We are committed tofacilitating its integration with the community and to creating newsustainable development for Malartic and the region."

The complete report is available on the BAPE website at: http://www.bape.gouv.qc.ca.

About Osisko

OsiskoMining Corporation is currently developing the Canadian Malartic golddeposit and evaluating adjacent areas for a large-scale open pit,bulk-tonnage mining operation. The Canadian Malartic deposit currentlyrepresents one the biggest gold reserves in Canada for a singledeposit, and is still growing through ongoing drilling on newmineralized zones. Current reserves for the Canadian Malartic propertyare 6.28 million ounces, plus (including the Barnat deposit) a measuredand indicated resource of 3.65 million ounces and an inferred resourceof 0.84 million ounces. Osisko is well-funded with approximately $440million on hand.

Kesso · 09. Mai 2011, 11:26:42

..aus "morning coffee" report von Canaccord Adams:

Osisko Mining* (OSK : TSX : $6.40), Net Change: -0.12, % Change: -1.84%, Volume: 1,160,928
Arctic Wonder...The company announced the conclusion of the public inquiry and hearings by BAPE, Quebec’s environmental
review board. The report concluded that its Canadian Malartic project could be authorized under certain conditions, including
additional follow-up programs and financial guarantees to ensure the project’s development, operation and closure from a
sustainable development perspective. Steven Butler, Canaccord Adams Precious Metals & Minerals Analyst, notes that
following his review of the report and subsequent discussions with management, he has concluded that the inquiry ended on a
positive note, with BAPE’s recommendations being fairly benign and not uncommon for a project of this scale. The publicationof the report concludes a 120-day period of public inquiry that commenced in January and included three sessions of public
comment. The next step in the permitting process is for the Minister of Sustainable Development, Environment and Parks to
review the report and then submit her recommendation to the cabinet for final approval and granting of the construction/mining
permits (expected by Q3/09). Butler believes this will be followed by the integration of South Barnat into mine plan, which is
already in his valuation (by early Q4/09 or early 2010). He understands that the company has made substantial progress on
development activities, specifically the relocation of the town of Malartic. Relocation of approximately 80% of residential
buildings and 75% of institutional buildings has been completed. This puts the company on track to complete the relocation by
September 2009 (as recommended by BAPE).

Kesso · 09. Mai 2011, 11:26:57

Sep 01, 2009 12:04 ET
Osisko Mining Corporation: Construction Activities at Canadian Malartic Are Progressing as Planned

MALARTIC, QUEBEC--(Marketwire - Sept. 1, 2009) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) has taken notice of media reports about certain issues raised by Algonquin communities of the Abitibi-Temiscamingue in relation to its Canadian Malartic Project.

The media reported that on August 31, 2009, certain Algonquin Chiefs have denounced in a press conference that their Algonquin communities have not been consulted by the Governments and that they wish to obtain benefits from the Canadian Malartic Project.

Osisko has no knowledge of any concrete measure taken by an aboriginal community or anyone else which could delay or impact the timetable of construction and commissioning of the Canadian Malartic mine.

Osisko highlights that it has the necessary government authorizations to proceed with the project and that it has fulfilled its obligations in accordance with the applicable laws and regulations.

The construction activities are proceeding in accordance with the plan for the development of the mine and construction of the milling plant.

Osisko cannot be a substitute for Governments

Sean Roosen, President and Chief Executive Officer of Osisko, has indicated his disappointment with the statements attributed to the Algonquin Chiefs following the efforts deployed by Osisko. He mentioned, however, that Osisko wishes to maintain the dialogue with the Algonquin communities of the Abitibi-Temiscamingue, which was initiated to establish with them the basis of collaboration to maximize the benefits from the Canadian Malartic Project.

"Osisko cannot be a substitute for the Governments with respect to the issues raised by the Algonquins, noted Mr. Roosen. It is the responsibility of the Governments to deal with these questions."

"Since last spring, we have had a number of exchanges with representatives of various Algonquin communities of the region of Abitibi-Temiscamingue", he added. "We work towards ensuring that the region of Abitibi-Temiscamingue receives the maximum benefits from our mining project in Malartic. We are available to explore with the aboriginal communities of the region development opportunities offered by the Canadian Malartic Project. Again last week, representatives from Osisko were available to meet with representatives of Algonquin communities to pursue discussions on the subject. No meeting took place."

"Since 2005, we have proceeded in a rigorous and transparent manner, to inform, consult and exchange with the various groups, organizations and individuals which could be impacted or interested by the Project," added Mr. Roosen. "Our Project has been, for a long period, known by the population of the Abitibi-Temiscamingue and the opportunities were numerous for all individuals and groups to voice their concerns, particularly during the hearings of the BAPE held last spring."

Kesso · 09. Mai 2011, 11:27:08

Osisko to create Malartic monitoring committee

2009-09-08 20:53 ET - News Release

Mr. Jean-Sebastien David reports

OSISKO SETS UP THE MONITORING COMMITTEE FOR THE CANADIAN MALARTIC PROJECT

Osisko Mining Corp. has created the monitoring committee for the Canadian Malartic project. Osisko undertook to form the committee during the course of consultations with Malartic residents, which began in 2006.

Identify issues, provide solutions

The committee will be made up of Malartic residents and regional representatives. Its mission is to:

Act as a liaison and promote dialogue between Osisko and Malartic residents;
Quickly identify any concerns that Malartic residents might have regarding the Canadian Malartic project;
Ensure the appropriate, effective and fast resolution of any problems that might arise, and follow up on demands, complaints and requests from Malartic residents.

Composition of the committee

The committee will be composed of 14 members, all independent of Osisko. Eight of these will be community representatives selected by three members of the personnel from Universite du Quebec en Abitibi-Temiscamingue (UQAT).

These eight community representatives will have the following profiles:

Three will be Malartic residents, including one with a socio-community background;
One will be a Malartic youth representative under 20 years of age;
One will be a resident of the Abitibi-Temiscamingue region from elsewhere than Malartic;
One will be an aboriginal resident of the Abitibi-Temiscamingue region;
One will be a representative from the Conseil regional de l'environnement de l'Abitibi-Temiscamingue (CREAT);
One will be a representative from the Malartic or regional business community.

These members will be selected from among the people who apply. The other six members, who will play an advisory and technical support role, will be designated by the agencies that they represent, as follows:

One representative from the town of Malartic;
One representative from the MRC de La Vallee-de-l'Or;
One representative from the Ministry of Sustainable Development, Environment and Parks;
One representative from the Ministry of Natural Resources and Fauna;
One representative from the Ministry of Health and Social Services;
One representative from UQAT.

Osisko employees are not permitted to sit on the committee in any capacity whatsoever, however, at the committee's discretion, Osisko may participate in the committee's work as a guest whenever the committee feel this is helpful. Osisko would then be represented by the general manager of Canadian Malartic, another member of management or a specialist, depending on type of issue being dealt with.

The members will have a three-year mandate. Initially, half the members will have a two-year mandate to ensure smooth, orderly transitions.

Operation of the committee

The committee will decide on its rules of procedure, however, a number of provisional rules have been established to facilitate the start-up process. These rules, which the committee may change at its discretion, follow.

The committee shall elect its chairman, who will have a one-year mandate, renewable for a period of one year. For the first year, the chairman will be Guy Lemire, chairman of the Groupe de consultation de la communaute (GCC) since February, 2009. Mr. Lemire is the general secretary of UQAT and a resident of Rouyn-Noranda. As such, he will hold the non-Malartic regional representative's seat.

Initially, the committee will meet each quarter, or more often if necessary. It will hold a minimum of two public meetings per year. It will also be required to report on its activities annually.

Osisko will pay the committee's operating expenses.

"The formation of this committee is the natural outcome of the approach we have had since we arrived in Malartic in 2005," explained Sean Roosen, president and chief executive officer of Osisko. "We began consulting local residents in 2006, and their concerns were taken into account at every stage of the project. We made a commitment to keep listening to what residents have to say, and the monitoring committee will be an excellent forum for this."

"UQAT is pleased to have an opportunity to place its knowledge of the social environment and its expertise, particularly that of our Desjardins chair of community futures development, at the service of Malartic residents," added Mr. Lemire, UQAT general secretary. "Osisko has rightly recognized that the monitoring committee must function independently, and UQAT's involvement will ensure that it does so."

To apply for membership

Anyone interested in being a member of the committee has until Sept. 30, 2009, to complete an application form, available on Osisko's website, on GCC's website or at the Malartic town hall.

We seek Safe Harbor.

Kesso · 09. Mai 2011, 11:28:46

Osisko learns Indian chief insulted by monitor project

2009-09-16 20:01 ET - News Release

Mr. Jean-Sebastien David reports

CANADIAN MALARTIC MONITORING COMMITTEE: OSISKO PLANS TO DELIVER ON ITS COMMITMENT

Osisko Mining Corp. has learned of statements made in a news release issued by Lucien Wabanonik, grand chief of the Algonquin Anishinabeg Nation tribal council. Mr. Wabanonik stated that he was "insulted" by the Canadian Malartic monitoring committee project. The committee as envisioned by Osisko includes one aboriginal resident of the Abitibi-Temiscamingue region.

It should be noted that Osisko has no involvement in the selection of the members of the committee. The selection is to be made by representatives of Universite du Quebec en Abitibi-Temiscamingue.

"I am very disappointed by Mr. Wabanonik's reaction," said Sean Roosen, president and chief executive officer of Osisko. "We are determined that our Canadian Malartic project will benefit the Abitibi-Temiscamingue region, including its aboriginal residents, which is why we feel the monitoring committee's work will profit from the participation of an aboriginal member from the region."

Osisko underscores that it has all the government authorizations required to proceed with its project, and that it has therefore fulfilled all its obligations under the applicable laws and regulations. Osisko is not aware of any aboriginal title to Malartic town land, where the Canadian Malartic project is located, nor to any land associated with the company's projects.

Mr. Roosen reiterated: "If the aboriginal people have claims, they must take it up with the governments. Osisko is not a substitute for the governments. The creation of the monitoring committee should proceed under the governance of UQAT. The monitoring committee is the fulfillment of a commitment we made in 2006 to the people of Malartic and the Abitibi-Temiscamingue region. Osisko delivers on its commitments."

We seek Safe Harbor.

Kesso · 09. Mai 2011, 11:28:57

Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX

Sep 23, 2009 08:00 ET
Osisko Intersects 2.16 g/t Au Over 129.5 Metres at South Barnat
MONTREAL, QUEBEC--(Marketwire - Sept. 23, 2009) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce partial drilling results from the Q2-Q3 2009 drill program within the model pit on the South Barnat deposit. Following the release of the South Barnat Measured and Indicated resource estimate (June 2, 2009 press release), the Company proceeded with a phase three definition drill program on deeper portions of known mineralized zones within and below the Whittle-optimized pit shell. This was accompanied by a condemnation drill program designed to test presumed barren, outer portions of the model pit for additional mineralization. Unanticipated gold mineralization was encountered in a number of locations, pointing to the potential for expansion of the in-pit resource at Barnat. All results reported below were not included in the June 2, 2009 resource estimate.

Significant new drill intersections include 2.16 g/t Au over 129.5 metres (BA08-3611), 1.23 g/t Au over 88.0 metres (BA08-3554E) and 1.11 g/t Au over 176.2 metres (BA08-3663). Highlights from new infill holes on known mineralized zones are tabled below:

-------------------------------------------------------------------------- Hole No. Section From (m) To (m) Length (m) Au g/t
BA09-3554E BA550E 8.8 28.0 19.2 0.79 and 161.5 249.5 88.0 1.23 and 332.0 383.5 51.5 1.64 including 368.0 369.5 1.5 13.30
BA09-3571 BA775E 290.0 320.0 30.0 1.20 and 378.5 405.6 27.1 1.18
BA09-3590 BA500E 254.5 288.0 33.5 0.84
BA09-3603 BA550E 307.5 354.0 46.5 1.87
BA09-3607 BA050E 23.0 112.3 89.3 0.90
BA09-3611 BA600E 272.5 402.0 129.5 2.16 including 334.0 340.0 6.0 7.92
BA09-3625 BA425E 7.1 122.5 115.4 0.88 and 149.5 159.9 10.4 16.5
BA09-3626 BA425E 57.2 99.0 41.8 1.47 and 136.9 145.1 8.2 3.52 and 167.5 198.3 30.8 2.42 including 195.8 196.8 1.0 12.15
BA09-3636 BA650E 269.0 321.5 52.5 1.19 and 390.5 420.5 30.0 1.16
BA09-3663 BA525E 21.0 37.0 16.0 1.30 and 103.0 279.2 176.2 1.11--------------------------------------------------------------------------

Significant drill intersections from new mineralized zones located on the outer margins of the model pit include 2.72 g/t Au over 25.4 metres (BA08-3577), 0.60 g/t Au over 107.5 metres (BA08-3632) and 0.83 g/t Au over 91.5 metres (BA08-3638). Highlights from the intersections in new mineralized zones are tabled below:

-------------------------------------------------------------------------- Hole No. Section From (m) To (m) Length (m) Au g/t
BA09-3561 CM5800E 272.0 284.4 12.4 4.57
BA09-3565 BA325E 51.0 93.5 42.5 0.77
BA09-3577 BA550E 70.9 96.3 25.4 2.72 including 70.9 72.5 1.6 19.05
BA09-3600 BA625E 41.1 68.4 27.3 1.38
BA09-3630 BA625E 55.5 105.0 49.5 0.73
BA09-3632 BA150E 112.5 220.0 107.5 0.60 and 246.0 259.5 13.5 0.71
BA09-3633 BA775E 244.0 291.5 47.5 1.49 including 245.5 247.0 1.5 13.50
BA09-3637 BA650E 16.0 108.0 92.0 0.75
BA09-3638 BA650E 22.0 113.5 91.5 0.83
BA09-3639 BA575E 30.5 52.0 21.5 1.16
BA09-3641 BA600E 36.0 55.5 19.5 0.99--------------------------------------------------------------------------

The mineralized intersections in drill holes BA09-3561 and BA09-3633 and the second intersection in drill hole BA09-3632 are below current pit model limits.

Results from this drill program on South Barnat are being integrated into a new data base along with new drill results from the Southeastern Extension of the Canadian Malartic deposit. The new data base will be used to calculate an updated global resource, from which a new reserve estimate in a merged engineered pit will be calculated for the combined Canadian Malartic and South Barnat deposits. This new reserve estimate is scheduled to be released by year end.

All NQ or HQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported weighted averages were calculated using a minimum of 0.50 g/t Au over successive maximum intervals of 20 metres with no upper cut-off of individual assays. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals.

Osisko Mining Corporation is currently developing the Canadian Malartic gold deposit and evaluating adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Canadian Malartic deposit currently represents one the biggest gold reserves in Canada for a single deposit, and is still growing through ongoing drilling on new mineralized zones. Current reserves for the Canadian Malartic property are 6.28 million ounces, plus (including the Barnat deposit) a measured and indicated resource of 3.65 million ounces and an inferred resource of 0.84 million ounces. Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, is the Qualified Person who has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed including the sampling, analytical and test data underlying the technical information.

Cautionary Notes Concerning Estimates of Mineral Resources

This news release uses the terms measured, indicated and inferred resources as a relative measure of the level of confidence in the resource estimate. Readers are cautioned that mineral resources are not economic mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. In addition, inferred resources are considered too geologically speculative to have any economic considerations applied to them. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for Preliminary Assessment as defined under NI 43-101. Readers are cautioned not to assume that that further work on the stated resources will lead to mineral reserves that can be mined economically.

Forward Looking Statements

Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Corporation expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation that all technical, economical and financial conditions will be met in order to put the Canadian Malartic Project into commercial production, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, access to skilled consultants, mining development and mill production personnel, results of exploration and development activities, the Corporation's limited experience with production and development stage mining operations, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government approvals, actual performance of facilities, equipment and processes relative to specifications and expectations, unanticipated environmental impacts on operations market prices, continued availability of capital and financing and general economic, market or business conditions. These factors are discussed in greater detail in the Corporation's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. The Corporation cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Corporation's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.

For more information, please contact

Osisko Mining Corporation
John Burzynski
Vice-President Corporate Development
514-735-7131

or

Osisko Mining Corporation
Sylvie Prud'homme
Investor Relations
514-735-7131
Toll Free: 1-888-674-7563
www.osisko.com Click here to see all recent news from this company Privacy Statement | Sitemap |© 2009 Marketwire, Incorporated. All rights reserved.
Your newswire of choice for expert news release distribution.
1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK)

Kesso · 09. Mai 2011, 11:29:09

Sep 24, 2009 17:00 ET
Osisko Mining Corporation Enters Into Financing Agreement With CPPIB Credit Investments Inc.

MONTREAL, QUEBEC--(Marketwire - Sept. 24, 2009) - Osisko Mining Corporation ("Osisko" or the "Company") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has entered into a financing agreement with CPPIB Credit Investments Inc. ("CPPIB"), a wholly owned subsidiary of the CPP Investment Board. Under the terms of the agreement, Osisko will have the ability to draw up to $150 million in loans in two tranches:

i. Tranche A - An amount of $75 million may be drawn on October 31, 2009. Osisko will issue CPPIB 7 million warrants today exercisable before September 24, 2014, at a price of $10.75, which represents a 30% premium to the 15 day volume weighted average price ("VWAP"). Proceeds are to be used on the development of the Canadian Malartic Project.

ii. Tranche B - An amount of $75 million may be drawn on March 31, 2010, at the discretion of Osisko, for general corporate purposes. If the amount is drawn, CPPIB would receive an additional 5.5 million warrants having a 5-year term at similar terms to those issued in connection with Tranche A.

The loan carries an interest rate of 7.5% per annum, and is secured against substantially all of the assets of the Company. Drawdowns under the financing agreement are subject to the satisfaction of certain conditions precedent. Osisko has the right of first refusal in the event that CPPIB chooses to sell its warrants prior to exercise. Osisko may accelerate the exercise of the warrants if the shares of Osisko trade at a 50% premium to the exercise price for a period of 15 days.

Sean Roosen, President and CEO of Osisko, commenting on the agreement, noted: "We are pleased to have CPPIB as a financial partner in establishing Osisko as a premier intermediate gold producer. This financial package allows us to fulfill the terms of the previously announced Societe generale de financement du Quebec financing agreement and completes the funding requirements to build the Canadian Malartic project. The discretionary tranche of the agreement will allow the Company to meet additional capital expenditure requirements that may arise from a positive feasibility decision on South Barnat

Kesso · 09. Mai 2011, 11:30:25

Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX

Sep 28, 2009 08:00 ET
Osisko Signs Option Agreement With Claim Post Resources for the Mountjoy Gold Property

MONTREAL, QUEBEC--(Marketwire - Sept. 28, 2009) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce the signing of an option agreement with Claim Post Resources Inc. ("Claim Post") for the Mountjoy gold property, located two to eight kilometres west of the city of Timmins in the Abitibi region of Ontario. The property consists of 105 claims covering about 1500 hectares in Mountjoy township.

Osisko can acquire a 50 percent interest in the Mountjoy property during a four-year period in consideration of i) total cash payments of $250,000, including a payment of $50,000 on or before the first anniversary of the option agreement and ii) a total of $4,000,000 in exploration expenditures, including $500,000 on the first year ($150,000 minimum firm commitment).

Upon acquiring a 50 percent interest in the Mountjoy Property, Osisko will have the option to acquire another 10 percent (Second Option) by delivering a bankable feasibility study no later than 3 months following the sixth anniversary of the option agreement. Osisko can earn an additional 10 percent (Third Option) by securing project financing. Osisko will be the operator of the project during the option period.

Osisko Mining Corporation has also made a $200,000 private placement into Claim Post Resources by subscribing for 2 million common shares, equivalent to a 9.9% interest in the company.

The Mountjoy Property in located in the Timmins West district and offers a geological environment similar to that of Osisko's Canadian Malartic project. This grass-roots area has seen little modern exploration and offers excellent potential for the discovery of new gold mineralization.

Osisko Mining Corporation is currently developing the Canadian Malartic gold deposit and evaluating adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Canadian Malartic deposit currently represents one the biggest gold reserves in Canada for a single deposit, and is still growing through ongoing drilling on new mineralized zones. Current reserves for the Canadian Malartic property are 6.28 million ounces, plus a global measured and indicated resource of 3.65 million ounces and an inferred resource of 0.84 million ounces (including the adjacent South Barnat deposit).

Kesso · 09. Mai 2011, 11:30:37

Orex options Goldboro to Osisko, arranges financing

2009-09-29 16:20 ET - News Release

Mr. Mark Billings reports

OREX AND OSISKO TO PARTNER IN DEVELOPMENT OF GOLDBORO PROPERTY

Orex Exploration Inc. has entered into a binding letter of intent, whereby Osisko Mining Corp. will have a working right and an exclusive option to acquire up to a 60-per-cent undivided interest in Orex's Goldboro property and surrounding claims in Nova Scotia, by incurring exploration and development work expenditures and by making a private placement in the company.

This letter of intent serves the basis for a more formal agreement to be signed no later than 20 days after the signing of the letter of intent. The signing of the formal agreement is contingent upon completion of due diligence by Osisko. The terms of the letter of intent are interalia:

Upon signing of the formal agreement, Osisko shall make a private placement in the capital stock of Orex of 13 million units at a price of 10 cents per unit, for gross proceeds of $1.3-million. Each unit shall consist of one common share and one transferable common share purchase warrant. Each transferable common share purchase warrant entitles its holder to acquire one common share for 12.5 cents for a period of three years.
In order to acquire a 50-per-cent undivided interest in the property on or before Sept. 25, 2013, Osisko shall incur exploration and development expenditures:
In the amount of at least $1.5-million on or before Sept. 25, 2010;
In the total amount of at least $3.5-million on or before Sept. 25, 2011;
In the total amount of at least $8-million over the following two years, that is, on or before Sept. 25, 2013.
Osisko shall solely finance a prefeasibility study to earn a total 60-per-cent interest (that is, an additional 10-per-cent interest) in the property on or before Sept. 25, 2015.

Between now and up to Sept. 25, 2015, Osisko will be the operator of the project. A management committee will be formed during the option period with two representatives from each party. This management committee will be responsible for revising programs submitted by Osisko and for approving and evaluating the results of all programs. In the event of a tie, Osisko shall have the casting vote during the option period.

Upon acquiring a 50-per-cent or a 60-per-cent interest in the property, a joint venture would be formed between Osisko and Orex.

Mark Billings, president and chief executive officer of Orex, commented: "I am delighted with the interest that Osisko Mining Corporation has shown in our Goldboro project. The Orex team has worked diligently over the past two years to update the mineral resource estimates for Goldboro and to get a more detailed understanding of the geology of the property. We at Orex are confident in the potential of Goldboro and look forward to working with a successful company such as Osisko in order to advance the exploration and development work. I see this as a very positive development for Orex, for Goldboro and for the Nova Scotia mining community. This strategic investment of time and resources on the part of Osisko will enable Orex to look for additional opportunities in Nova Scotia, as well as advancing more quickly the development of our Goldboro property."

Orex may pay finders' fees in connection with this transaction with Osisko to qualified parties in accordance with the rules of the TSX Venture Exchange and other regulatory authorities.

Private placement

Orex plans to proceed with a financing of up to $1.5-million, consisting of 15 million units. Each unit comprises one common share at a price of 10 cents per share and one warrant, giving its holder the right to buy one common share at a price of 12.5 cents per share for a period of 36 months from closing.

In addition, Orex plans to proceed with a financing of up to $1.75-million, consisting of 14 million flow-through units. Each flow-through unit includes one flow-through share, priced at 12.5 cents per share, and one-half of one flow-through warrant. Each flow-through warrant will entitle its holder to subscribe for one common share at a price of 20 cents for a period of 24 months from closing.

The common shares and the common shares underlying the warrants in both financings mentioned above will be subject to a hold period of four months. This financing is subject to final Orex board and regulatory approvals.

We seek Safe Harbor.

Kesso · 09. Mai 2011, 11:30:49

November 6, 2009
Osisko Releases Third Quarter 2009 Results
MONTREAL, QUEBEC--(Marketwire - Nov. 6, 2009) - Osisko Mining Corporation (the "Company")(TSX:OSK)(FRANKFURT:EWX) is pleased to report its third quarter financial results for the period ended September 30, 2009.

Highlights

- Receipt of Quebec Government authorizations to proceed with the Canadian Malartic Project (the "Project");

- Commencement of construction of the Canadian Malartic Mine on August 27, 2009;

- Approaching completion of the Malartic relocation program;

- Completion of a $149.5 million equity financing; and

- Successful negotiation of two major debt financing agreements totalling $225 million.

During the third quarter of 2009, the Company incurred a loss of $5.7 million ($0.02 per share) compared to a loss of $0.1 million ($0.00 per share) in the corresponding period of 2008. For the first nine months of 2009, the Company has incurred a loss of $12.4 million ($0.05 per share) compared to a net income of $3.5 million ($0.02 per share) generated in the corresponding period of 2008.

Higher costs were incurred both in the quarter and the nine-month period as a result of a significant increase in pre-mining construction activities as the Company moves from an exploration company towards becoming an intermediate gold development and operating company. The 2008 nine-month period results included an income tax recovery of $4.5 million following renunciation of the tax attributes to the subscribers of the $25 million flow-through financing of July 2007. The recovery in 2009 was lower at $2.0 million as a result of a lower flow-through financing of $12.25 million in 2008.

Following the receipt of the Conseil des ministres du Quebec order in council authorizing the completion of the Canadian Malartic gold mine project and the necessary permits, Osisko commenced construction of the Project on August 27, 2009.

The Company mobilized several contractors to complement its own workforce to initiate work at site. The successful mobilization has resulted in a very good start to the Project with the following milestones having been achieved:

1. Initiation of the foundation work on the mill and ancillary buildings. Some 14,000 m3 of concrete were poured, highlighted by a continuous 2,760 m3 pour for the three ball mill foundations on September 29, 2009;

2. Initiation of the excavation work for the crusher;

3. Commencement of the construction of the polishing pond dams necessary to allow for the dewatering of the existing East Malartic tailings area;

4. Start of the steel erection at the truck shop/administration building.

Some 200 contractors were on site by the end of the third quarter.

Significant progress has been achieved in the relocation program, including the following milestones:

- Completion of the home relocation program with some 135 single/multi-unit residences being relocated to the new subdivision;

- Completion of the primary school, adult learning centre and day care facility. Exchange of ownerships of new and old facilities have been completed;

- Significant advancement on the three additional institutions with expected completion of the subsidized housing unit and the community centre in the fourth quarter of 2009, and the health facility in second quarter of 2010;

- Transfer of ownership of the new town subdivision to the Town of Malartic. Financial guarantees have been placed to secure completion of work obligation to be done in the spring of 2010;

- Initiation of closure activities of the southern neighbourhood.

The Company also entered into several financing agreements during the period to complete the funding requirements for the development of the Project, including:

i. $149.5 million equity financing with a syndicate of underwriters through the sale of 21.4 million shares at $7.00 per share completed on September 1, 2009;

ii. An agreement with Societe generale de financement du Quebec ("SGF") for a $75 million senior non-guaranteed debenture, convertible at the discretion of the SGF into Osisko shares at a price of $9.18 per share, carrying an interest rate of 7.5%. The initial capital is to be reimbursed five years after the drawdown.

iii. A $150 million financing agreement with CPPIB Credit Investment Inc. ("CPPIB"), a wholly-owned subsidiary of the CPP Investment Board. Under the terms of the agreement, the Company will have the ability to draw the loan in two tranches:

1)Tranche A - An initial amount of $75 million to be drawn in November 2009. The Company has issued 7 million warrants exercisable before September 24, 2014 at a price of $10.75 per share, representing a 30% premium to the 15-day volume weighted average price ("VWAP") prior to issuance. Proceeds are to be used for the development of the Project.

2)Tranche B - An amount of $75 million may be drawn at the discretion of Osisko on March 31, 2010, for general corporate purposes. If the amount is drawn, the Company will issue 5.5 million five-year warrants to purchase common shares at a price of average 15-day VWAP prior to drawdown, plus a 30% premium.

The CPPIB loan carries a 7.5% interest rate, is secured by assets of the Company and is repayable from 50% of net cash flows (operating cash flows less approved capital) from the Canadian Malartic Project. The SGF and CPPIB transactions are expected to be completed in November 2009.

Mr. Sean Roosen, President and CEO, commented: "We have again achieved significant milestones during this past quarter, on our road towards building Osisko into what we believe will soon become the next premier intermediate gold producer. Our focus now is on executing the construction phase of this $1 billion dollar project on time and on budget. Exploration on the other known zones on the main property is continuing at full pace, and our experienced team is also working diligently to identify new opportunities for the future growth of our company."

Highlights from the Company's financial position are as follows (in millions of dollars):

---------------------------------------------------------------------
September 30, 2009 December 31, 2008
---------------------------------------------------------------------
Cash Position(1) 454.1 95.7

Working Capital 427.5 92.7

Total Assets 878.8 318.2

Shareholders' Equity 809.7 267.3
---------------------------------------------------------------------
(1) Includes Cash and cash equivalents, Short-term investments, Restricted cash and Cash collateral investments.

The financial statements and Management Discussion and Analysis for the period ended September 30, 2009, will be filed on SEDAR by November 13, 2009.

Osisko Mining Corporation is currently developing the Canadian Malartic gold deposit and evaluating adjacent areas for a large-scale open pit, bulk-tonnage mining operation.

Kesso · 09. Mai 2011, 11:31:01

Nov 09, 2009 17:45 ET
Osisko Concludes SGF Financing Agreement for $75 M

MONTREAL, QUEBEC--(Marketwire - Nov. 9, 2009) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has concluded the previously announced $75 million financing agreement with Societe generale de financement du Quebec ("SGF"). The financing is a senior non-guaranteed debenture, convertible at the discretion of the SGF into Osisko shares at a price of $9.18 per share. It carries an interest rate of 7.5%. The initial capital is to be reimbursed no later than November 9, 2014. The proceeds will be used to fund the construction and the development of the Canadian Malartic Project.

Mr. Sean Roosen, President and Chief Executive Officer of Osisko stated: "We are extremely pleased to have SGF as a financial partner in the development of the Canadian Malartic Project. This Project has a significant impact on the Quebec economy, in particular the Abitibi-Temiscamingue region, and will provide long-term benefits to Malartic with the creation of some 465 permanent jobs for more than 10 years."

About SGF

Societe generale de financement du Quebec (www.sgfqc.com) is an industrial and financial holding company. Its mission is to carry out economic development projects, with emphasis on the industrial sector, in cooperation with partners and in accordance with accepted requirements for profitability and the Government of Quebec's economic development policy. As part of its new mandate, SGF is authorized by the Government of Quebec to expand its traditional role as a share capital investor by offering complementary solutions, such as loans, debentures, or preferred share capital investments.

Kesso · 09. Mai 2011, 11:31:14

und das Geld fließt ungehemmt................ 8)

Osisko Mining Corporation

TSX: OSK
FRANKFURT: EWX

Nov 17, 2009 13:36 ET
Osisko Mining Corporation: Proceeds of $39.6 M From Exercise of $7.90 Warrant

MONTREAL, QUEBEC--(Marketwire - Nov. 17, 2009) - Osisko Mining Corporation ("Osisko") (TSX:OSK) (FRANKFURT:EWX) is pleased to report that it has received proceeds of $39,622,000 from the exercise of 5,015,490 of its $7.90 warrant (OSK.WT) which expired on November 16, 2009. Some 4,609,510 warrants were not exercised.

The $7.90 warrants were issued as part of a November 2007 $125 million Special Warrant Financing which comprised of one common and one half share purchase warrant.

About Osisko

Osisko Mining Corporation is currently developing the Canadian Malartic gold deposit and evaluating adjacent areas for a large-scale open pit, bulk-tonnage mining operation. The Canadian Malartic deposit currently represents one the biggest gold reserves in Canada for a single deposit, and is still growing through ongoing drilling on new mineralized zones. Current reserves for the Canadian Malartic property are 6.28 million ounces, plus a global measured and indicated resource of 3.65 million ounces and an inferred resource of 0.84 million ounces (including the adjacent South Barnat deposit).

Kesso · 09. Mai 2011, 11:31:27

einfach Wahsinn...............denen wird im Prinzip das Geld hinterhergeworfen!!!!

Nov 18, 2009 11:36 ET
Osisko Strengthens Balance Sheet With $241 M Proceeds From Exercise of $5.45 Warrants

MONTREAL, QUEBEC--(Marketwire - Nov. 18, 2009) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) is pleased to report that it has received proceeds of $241 million from the exercise of 44,232,490 of its $5.45 warrant (OSK.WT.A) which expired on November 17, 2009. Some 42,510 warrants were not exercised.

These warrants were issued as part of the February 2009 $403 million financing underwritten by a syndicate of underwriters (the "Underwriters"), led by Thomas Weisel Partners Canada Inc. and BMO Nesbitt Burns Inc., and including Dundee Securities Corporation, RBC Dominion Securities Inc., National Bank Financial Inc., Paradigm Capital Inc., Canaccord Capital Corporation, TD Securities Inc. and PI Financial Corp. Osisko issued a total of 88,550,000 units (the "Units") of the Corporation at a price of $4.55 per Unit. Each Unit consisted of one common share and one-half of one common share purchase warrant.

Sean Roosen, President and Chief Executive Officer, commented on the exercise of the warrants: "We are extremely pleased to receive the proceeds of $241 million, in addition to the recent proceeds of $39.6 million from the exercise of the $7.90 warrants, thereby providing us with one of the strongest balance sheets in our sector. We appreciate the confidence of our shareholders as we develop the Canadian Malartic Project and look to grow our asset base with high quality gold development projects."

Osisko currently has 335,474,919 shares outstanding, and cash on hand of $775 million.

Kesso · 09. Mai 2011, 11:32:10

December 14, 2009
Osisko Releases New Resource Estimate for Canadian Malartic Project
MONTREAL, QUEBEC--(Marketwire - Dec. 14, 2009) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) is pleased to provide an updated resource estimate for its 100%-owned Canadian Malartic project. This new estimate includes the combined, previously-reported resources of the Canadian Malartic deposit and the South Barnat deposit, as well as additional resources defined from ongoing drilling within the previously estimated pit shells and immediately southeast of the pit shells.

Key points:

- Global Measured and Indicated ("M&I") resource is now 11.20 million ounces gold, up 1.28 million ounces from the total of previously released resources. Additional 470,000 ounces remains in the inferred category.

- Total in-pit M&I resource is now 9.17 million ounces at a grade of 1.20 grams per tonne gold, based on a Whittle-optimized pit shell using a gold price of US$825 per ounce and a corresponding lower cut-off grade of 0.34 grams per tonne gold. This represents an increase of 770,000 ounces gold over the total of previous in-pit M&I resource estimates released by Osisko.

- At a US$1100 per ounce gold price, the in-pit M&I resource increases to 10.37 million ounces at an average grade of 1.05 grams per tonne gold, adding more than one million ounces compared to the US$825 pit shell.

- At a conservative lower cut-off of 1 gram per tonne, the in-pit M&I resource is a robust 6.72 million ounces at a grade of 1.85 grams per tonne gold.

- The infill drilling between the Canadian Malartic and South Barnat deposits has been successful in joining the two deposits, allowing for a single pit design to evaluate both deposits. The mineralized system is still open at depth.

- Economic valuation within an optimized engineered pit design will be provided in an updated reserve statement for the entire project by the end of January 2010, which will include revised mining scheduling and stockpiling aimed at maximizing head grade in the early years of production.

- The current mine schedule, as indicated in the previously released Feasibility Study, only includes 6.28 million ounces of reserves at a grade of 1.07 grams per tonne gold.

Belzile Solutions Inc. of Rouyn-Noranda, Quebec ("BSI") are the independent resource estimate consultants for Osisko, and have authorized the release of the following estimates. The global Measured and Indicated ("M&I") resource is 11.20 million ounces of gold at an average undiluted grade of 1.10 g/t Au, with an additional 0.47 million ounces gold at an average grade of 0.73 g/t Au in the Inferred category, based on a lower cut-off grade of 0.34 g/t Au. The tables below summarize the BSI estimates using variable lower cut-off grades:

Canadian Malartic Project global resource estimates

-------------------------------------------------------------------------
-------------------------------------------------------------------------
Measured Indicated Total M&I
-------------------------------------------------------------------------
Grade Tonnes Oz Grade Tonnes Oz Cut-off Grade Tonnes Oz
(g/t) (M) (M) (g/t) (M) (M) (g/t) (g/t) (M) (M)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
0.93 33.5 1.00 1.12 282.7 10.20 0.34 1.10 316.2 11.20
-------------------------------------------------------------------------
1.09 25.5 0.89 1.33 219.2 9.35 0.50 1.30 244.7 10.25
-------------------------------------------------------------------------
1.21 21.0 0.81 1.45 189.4 8.83 0.60 1.43 210.4 9.64
-------------------------------------------------------------------------
1.33 17.1 0.73 1.56 166.3 8.35 0.70 1.54 183.4 9.08
-------------------------------------------------------------------------
1.46 14.1 0.66 1.66 148.5 7.92 0.80 1.64 162.6 8.58
-------------------------------------------------------------------------
1.58 11.8 0.60 1.75 133.4 7.50 0.90 1.74 145.1 8.10
-------------------------------------------------------------------------
1.70 9.9 0.54 1.84 120.5 7.11 1.00 1.83 130.3 7.65
-------------------------------------------------------------------------
-------------------------------------------------------------------------

---------------------------------------------------
Inferred
---------------------------------------------------
---------------------------------------------------
Grade (g/t) Tonnes (M) Oz (M) Cut-off (g/t)
---------------------------------------------------
---------------------------------------------------
0.73 20.0 0.47 0.34
---------------------------------------------------
0.97 11.5 0.36 0.50
---------------------------------------------------
1.12 8.5 0.31 0.60
---------------------------------------------------
1.30 6.2 0.26 0.70
---------------------------------------------------
1.46 4.8 0.22 0.80
---------------------------------------------------
1.63 3.8 0.20 0.90
---------------------------------------------------
1.79 3.1 0.18 1.00
---------------------------------------------------
---------------------------------------------------
BSI, in collaboration with G Mining Services Inc. of Montreal, also estimated an in-pit M&I resource within a single Whittle-optimized pit shell using a base case gold price of US$825 per ounce. The combined in-pit M&I resource for the Canadian Malartic and South Barnat deposits is 9.17 million ounces of gold at an average undiluted grade of 1.20 g/t Au, with an additional 0.11 million ounces gold at an average grade of 0.90 g/t Au in the inferred category, based on a derived lower cut-off grade of 0.34 g/t Au. The tables below summarize the in-pit estimates using variable lower cut-off grades:

Canadian Malartic Project resource estimates within US$825 Whittle pit shell

-------------------------------------------------------------------------
Measured Indicated Total M&I
-------------------------------------------------------------------------
Grade Tonnes Oz Grade Tonnes Oz Cut-off Grade Tonnes Oz
(g/t) (M) (M) (g/t) (M) (M) (g/t) (g/t) (M) (M)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
0.97 27.5 0.86 1.23 210.6 8.31 0.34 1.20 238.1 9.17
-------------------------------------------------------------------------
1.13 21.4 0.78 1.40 174.2 7.82 0.50 1.37 195.6 8.60
-------------------------------------------------------------------------
1.25 17.6 0.71 1.51 154.3 7.47 0.60 1.48 172.0 8.18
-------------------------------------------------------------------------
1.38 14.5 0.65 1.61 138.0 7.13 0.70 1.59 152.6 7.78
-------------------------------------------------------------------------
1.50 12.2 0.59 1.70 125.3 6.83 0.80 1.68 137.5 7.42
-------------------------------------------------------------------------
1.62 10.3 0.54 1.78 114.1 6.52 0.90 1.77 124.5 7.06
-------------------------------------------------------------------------
1.75 8.7 0.49 1.86 104.4 6.23 1.00 1.85 113.1 6.72
-------------------------------------------------------------------------

---------------------------------------------------------
Inferred
---------------------------------------------------------
---------------------------------------------------------
Grade (g/t) Tonnes (M) Oz (M) Cut-off (g/t)
---------------------------------------------------------
0.90 3.8 0.11 0.34
---------------------------------------------------------
1.05 2.9 0.10 0.50
---------------------------------------------------------
1.18 2.3 0.09 0.60
---------------------------------------------------------
1.31 1.8 0.08 0.70
---------------------------------------------------------
1.42 1.6 0.07 0.80
---------------------------------------------------------
1.55 1.3 0.06 0.90
---------------------------------------------------------
1.67 1.1 0.06 1.00
---------------------------------------------------------

Sensitivity of the in-pit M&I resource to gold price is as follows
(inferred excluded):

------------------------------------------------------------------------
Gold Price (US$) Grade Tonnes Oz Strip Ratio
(g/t) (M) (M) (Waste/Ore)
------------------------------------------------------------------------
$700 1.31 195.8 8.25 2.01
------------------------------------------------------------------------
$825 1.20 238.1 9.17 1.91
------------------------------------------------------------------------
$900 1.15 255.8 9.48 1.84
------------------------------------------------------------------------
$1000 1.09 287.8 10.07 1.81
------------------------------------------------------------------------
$1100 1.05 308.0 10.37 1.76
------------------------------------------------------------------------
Using an ore-based cost of US$6.38 per tonne (as estimated from costs in the Canadian Malartic Feasibility Study), the corresponding in-pit cut-off grade for the base case US$825/oz Whittle shell is 0.34 g/t gold, giving the resource distribution shown in the following table:

Distribution of Canadian Malartic Project resource estimates using base
case US$825 Whittle pit shell with a 0.34 g/t Au lower cut-off grade

-------------------------------------------------------------------------
-------------------------------------------------------------------------
Total M&I Inferred
-------------------------------------------------------------------------
Grade
(g/t) Tonnes (M) Oz (M) Grade (g/t) Tonnes (M) Oz (M)
-------------------------------------------------------------------------
Global 1.10 316.2 11.20 0.73 20.0 0.47
-------------------------------------------------------------------------
(In-Pit CM) 1.08 198.9 6.88 0 77 2.9 0.07
-------------------------------------------------------------------------
(In-Pit
Barnat) 1.82 39.3 2.30 1.36 0.9 0.04
-------------------------------------------------------------------------
In-Pit
Total 1.20 238.1 9.17 0.90 3.8 0.11
-------------------------------------------------------------------------
Out-of-Pit 0.81 78.1 2.03 0.69 16.2 0.36
-------------------------------------------------------------------------
Sean Roosen, President and CEO of Osisko, commented: "We are very pleased with the new pit-constrained M&I resource estimate for the Canadian Malartic Project, which has achieved an increase of 770,000 ounces of gold with respect to the total of previous estimates, while maintaining a relatively low strip ratio of 1.91. The new in-pit M&I resource estimate of 9.17 million ounces is very reliable since it is based on processing and mining costs that were used in the Feasibility Study."

"We anticipate that over 95% of this resource is going to be converted into reserves for the entire project, once a new reserve estimate is calculated in January 2010. We anticipate that the new engineered pit will provide a significant increase in mine life and allow for mining sequencing and stockpiling aimed at increasing head grade and overall gold production in the early years in order to accelerate pay back of capital.

Finally, it is worth noting that even at a cut-off of 1 g/t Au, we are now looking at a total in-pit M&I resource of 6.72 million ounces gold at an average grade of 1.85 g/t Au, which makes this resource very robust at significantly lower gold prices. This means that 73 percent of the overall 9.17 million ounce in-pit resource should have an average grade 1.85 g/t Au. In the business of open pit gold mining, this is a relatively high grade disseminated deposit with a surrounding low grade halo. It lowers commodity-driven business risk significantly by allowing for mining flexibility."

Details on the parameters of the resource estimates are as follows:

- The database comprised a total of 228,500 metres of drilling obtained from historical drilling (Canadian Malartic Mines and Lac Minerals) and from approximately 561,200 metres of drilling completed and assayed by Osisko as of the end of September 2009 on a maximum 30 m x 30 metre grid. (All NQ or HQ core assays reported by Osisko were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec.)

- The database also comprised a total of 525,105 assays with an average of 1.38 metre per sample for a total of 726,500 assayed metres.

- The estimates were done using Ordinary Kriging (OK) as the geostatistical interpolation method based on 5.0 metre analytical composites. Resources were also estimated using Inverse Distance Squared (ID2) interpolation, which produced similar results, i.e. less than 2 percent difference in total ounces at all cut-offs.

- Calculations are based on original samples cut to a maximum of 10 g/t to 70 g/t Au depending on the domain. This resulted in an approximate 1.7 percent reduction in the overall gold content. All 5m composites are calculated based on cut original data.

- Testing and validation of cut historical Canadian Malartic (CM) drill data using modern (Osisko) drill data revealed negligible bias in the higher grade domains but significant bias (minimum 25%) in the lower grade domains. CM historical data in lower grade domains were therefore discarded for resource estimate and resource classification purposes. CM historical data were used for resource estimate purposes in the higher grade domains but not retained for measured resource classification. Lac Minerals drill core was mostly re-assayed and these data were retained for resource estimate and resource classification purposes.

- All estimates are based on a Parent Cell dimension of 20 metres E, 10 metres N and 10 metres height with estimation parameters determined by variography.

- Geological interpretation identified fourteen high grade domains (higher than 1.0 g/t Au), six low grade domains (between 0.4 and 1.0 g/t Au) and a broad lower grade envelope (greater than 0.2 g/t Au).

- Underground voids were modeled from historical mine plans and adjusted according to positions of drill intersections in stopes and drifts. Void volumes of stopes were increased by one metre along all edges to compensate for uncertainties. The void models were then used to deplete the resource estimate. All samples located within the voids were then removed from the estimate.

- Tonnage estimates are based on rock densities of 2.69 tonnes/cubic metre for the porphyry, 2.75 for altered sediments and 2.90 for altered ultramafic rocks.

- The resource estimates using the lower cut-off of 0.34 g/t Au is emphasized for reporting purposes as this is the in-pit cut-off estimated for the US$825 Whittle shell.

- The US$825 Whittle shell has approximate maximum dimensions of 2,980 metres in length, 1,180 metres in width and a vertical depth of 380 metres.

- The average gold recovery in this pit shell is 86.2%. Overall slope angles based on feasibility level geotechnical studies (including provisions for ramps) are between 43 and 55 degrees. Strip ratio is 1.91 for the in-pit resource corresponding to a lower cut-off of 0.34 g/t Au.

Economic valuation within an optimized engineered pit design will be provided in an updated reserve statement for the entire project by the end of January 2010, which will optimize the combined Canadian Malartic and South Barnat pits. Should Osisko successfully prove up economic reserves at South Barnat, additional steps will be taken to obtain the necessary authorizations to mine the South Barnat deposit and integrate it to the Canadian Malartic project. Additional studies are currently under way to evaluate the deviation of highway 117 that will be required for potential mining of the South Barnat deposit. This study will be carried out in cooperation with the Quebec Ministry of Transport and the town of Malartic. The goal of the study will be to minimize the portion of the highway to be relocated as well as the social impact to the community.

The project out-of-pit M&I resource is currently estimated at 2.03 million ounces gold, and further pit optimizations using modified variables, such as increased pit slopes or gold price, may allow for eventual inclusion of some of this resource within the pit. Additional drilling is required to upgrade the remaining inferred resources.

Osisko Mining Corporation is currently developing the Canadian Malartic gold project into a large-scale open pit, bulk-tonnage mining operation. The Company is well-funded with $825 million in cash resources and is carrying out an aggressive mine development, reserve definition and exploration campaign. The Canadian Malartic deposit currently represents one the biggest gold reserves in Canada for a single deposit, and is still growing through ongoing drilling on new mineralized zones.

A NI 43-101 compliant, 7.7 million ounce gold M&I global resource estimate (6.4 million ounce gold M&I in-pit resource) on the main Canadian Malartic gold deposit was released on September 8, 2008 and has been filed on SEDAR. A NI 43-101 compliant, 6.3 million ounce gold Reserve estimate and Feasibility Study on the main Canadian Malartic gold deposit was released on November 25, 2008 and has been filed on SEDAR. A NI 43-101 compliant, 2.2 million ounce gold M&I global resource estimate (2.0 million ounces gold M&I in-pit resource) on the South Barnat gold deposit was released on June 2, 2009 and has been filed on SEDAR.

Mr. Elzear Belzile, P. Eng. of BSI, Mr. Louis-Pierre Gignac, P. Eng. of G Mining Services Inc. and Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, are the Qualified Persons who have reviewed this news release and are responsible for the technical information reported herein, including verification of the data disclosed.

Kesso · 09. Mai 2011, 11:32:23

February 10, 2010
Osisko Announces 9 Million Ounce Gold Reserve at Canadian Malartic
Total reserve estimate increased by 43 percent

MONTREAL, QUEBEC--(Marketwire - Feb. 10, 2010) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) is pleased to provide an updated reserve and resource estimate for its 100%-owned Canadian Malartic project. This new estimate is based on the combined, previously-reported resources of the Canadian Malartic and South Barnat deposits (see December 14, 2009 press release). Belzile Solutions Inc. of Rouyn-Noranda, Quebec ("BSI") and G Mining Services of Montreal are the independent resource/reserve estimate consultants for Osisko, and they have authorized the release of the following estimates. Highlights include:

- The open pit reserve has increased to 8.97 million ounces gold at an average fully diluted grade of 1.13 g/t., a 2.69 million ounce or 42.8 percent increase relative to the previously-published Feasibility Study;

- The new reserve represents a 98% conversion rate relative to the previously reported 9.17 million ounce in-pit measured and indicated resource estimate at US$825 gold;

- Mine life has increased by 25 percent to 12.2 years based on a milling rate of 55,000 tonnes per day (tpd);

- During the 12.2 year mine life, annual output for the planned mining operation is scheduled to average 630,000 ounces of gold (plus 800,000 ounces of silver), for total production of 7.72 million ounces gold at an average recovery of 86.1%;

- An average of 690,000 ounces per year gold would be recovered from an average of 800,000 processed ounces per year for the first three full years of production (2012 to 2014), based on the 55,000 tpd milling operation established in the previously-published Feasibility Study;

- An average of 732,000 ounces per year gold would be recovered from an average of 840,500 processed ounces per year for the first three full years of production (2012 to 2014), based on an initial 55,000 tpd milling operation upgraded to 60,000 tpd in 2013;

- 3.5 million ounces of gold would be recovered in the first five years at an average rate of 700,000 ounces per year, based on an increase in milling rate from 55,000 tpd to 60,000 tpd;

- 6.72 million ounces of gold (representing 73.3 percent of the in-pit measured and indicated resource) has an average grade of 1.75 g/t using a conservative cut-off of 1 g/t gold.

Sean Roosen, President and CEO, noted: "We are very proud to be able to present our shareholders with these new reserve estimates of the combined Canadian Malartic and South Barnat deposits. With respect to our 2008 Feasibility Study, we have increased our reserves by 43 percent, and the average annual gold production, over an additional 3.1 years of mine life, has increased from 591,000 ounces to 630,000 ounces per year. We are also looking at ramping up production to 60,000 tpd in the third year of operations, which will allow for an average annual production of 679,000 ounces per year over 11.4 years. This is a very significant increase in both reserves and annual production, which will positively impact the economics of the project."

"I would also like to add at that US$1000 per ounce gold, the in-pit measured and indicated resources increase to 10.07 million ounces at an average grade of 1.09 g/t gold, most of which could potentially be converted to reserves, if one assumes a similar conversion factor as in the case of the US$825 in-pit resource."

Kesso · 09. Mai 2011, 11:32:32

Mar 30, 2010 19:42 ET
Osisko Mining Corporation Extends Credit Facility With CPPIB Credit Investments Inc.

MONTREAL, QUEBEC--(Marketwire - March 30, 2010) - Osisko Mining Corporation ("Osisko" or the "Company") (TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has amended its agreement with CPPIB Credit Investments Inc. ("CPPIB"), a wholly-owned subsidiary of the CPP Investment Board, by extending the drawdown date for the $75 million second tranche of its $150 million financing from March 31, 2010 to December 31, 2010.

The financing agreement was entered into on September 24, 2009 and carries a 7.5% interest rate. Under the terms of the original agreement, if Osisko draws the second tranche of the financing, Osisko will issue 5.5 million warrants having a five-year term at a price of 30% premium to the 15-day volume weighted average price prior to drawdown. There are no standby costs for the facility. As part of the consideration for the extension, Osisko has agreed not to make any voluntary prepayments on the facility prior to October 2012.

Sean Roosen, President and CEO of Osisko, commenting on the modifications to the credit facility, noted: "We are pleased with the support that CPPIB is providing as we execute our plan to become a leading intermediate gold producer".

Kesso · 09. Mai 2011, 11:32:43

Jul 02, 2010 15:01 ET
Osisko and Clifton Star Report 1.54 g/t Au Over 34.1 Metres at Duparquet

MONTREAL, QUEBEC--(Marketwire - July 2, 2010) - Osisko Mining Corporation ("Osisko")(TSX:OSK)(FRANKFURT:EWX) and Clifton Star Resources Inc ("Clifton(TSX VENTURE:CFO)(FRANKFURT:C3T) are pleased to announce results from twenty-nine additional holes from the 2010 drill program and extended core sampling program at the Duparquet Project, located in the Abitibi region of Quebec. Drilling and extended sampling on selected holes are focused on three properties: Beattie, Donchester (eastern extension of Beattie) and Duquesne. The current Phase I drill program comprises 65,000 metres of drilling on the Beattie property (of the overall 2010 Duparquet Project drilling campaign planned for 120,000 metres). To date approximately 52,800 metres from Phase I have been completed as 148 holes. New drilling is planned to focus on the Donchester Property. The property-wide drill program is progressing on schedule with 10 drills currently on site. Additional results are expected to be received and released on a regular basis as they become available from the lab.

Significant new intersections from the new drill holes listed below (from the Beattie property) include 22.5 metres averaging 1.85 g/t Au (BD10-132), and 34.1 metres averaging 1.54 g/t Au (BD10-143). Assay results are summarized in the table below:

Beattie-Donchester Properties
Hole No. Section Az./dip From (m) To (m) Length Au g/t
(m)
BD10-132 631300E N/68 17.5 40.0 22.5 1.85
And 436.7 442.5 5.8 0.95

BD10-142 630000E N/60 82.0 83.7 1.7 3.01

BD10-143 630000E S/73 36.0 57.0 21.0 0.75
And 92.5 126.6 34.1 1.54

BD10-144 630700E N/60 177.0 181.5 4.5 1.66
And 417.5 426.5 9.0 1.21

BD10-146 630000E S/62 39.0 51.0 12.0 2.95
And 61.5 63.0 1.5 5.77

BD10-148 630900E N/62 269.0 276.5 7.5 1.08
And 324.5 330.5 6.0 1.14

BD10-151 631200E N/60 23.0 33.5 10.5 1.87
And 50.0 51.0 1.0 7.30
And 104.5 110.6 6.1 2.73
And 411.0 429.3 18.3 1.34

BD10-152 631200E N/68 26.0 36.5 10.5 0.96
And 409.0 413.5 4.5 2.79

BD10-153 630800E N/60 417.5 435.5 18.0 1.85

BD10-154 630000E N/60 49.5 66.0 16.5 1.78
And 176.1 195.0 18.9 1.70

Drill holes BD10-142 and BD10-150 intersected underground mine workings and did not reach their target depths. Holes BD10-135, BD10-140, BD10-141, BD10-145, BD10-150 did not intersect significant mineralization. Results for holes BD10-133, -139, -147 and -149 are pending.

Duquesne Property

Over the past two months, the drill program at Duquesne has been concentrating on extending the Nipissing Zone as well as the Main Zone to the east of the Duquesne underground workings. Some twenty three holes have been completed on the Main Zone since Clifton began exploring the property and all holes have intersected mineralization covering a strike length of approximately 700 meters east of the Duquesne Shaft. The Main Zone extends eastward onto the group of claims purchased from Radisson. Drill holes are drilled on a 50 by 50 metre grid system. The present program will be used to test the extension of the Main Zone approximately 800 metres east of the shaft; mineralized surface exposures indicate that these zones extend at least to this distance.

Recent drilling results are as follows:
Hole No. Section Zone From (m) To (m) Length (m) Au g/t
DQ10-32 642375E Nippissing 228.3 229.7 1.4 13.80

DQ10-37 642475E Nippissing 304.2 305.2 1.0 6.88

DQ10-40 642575E Nippissing 44.4 45.5 1.1 3.95

DQ10-41 642575E Nippissing 72.2 79.0 6.8 2.44

DQ10-46 645150E Main 43.8 72.5 28.7 1.45
including 60.0 61.5 1.5 11.30

Drill holes DQ10-30, DQ10-31, DQ10-33, DQ10-34, DQ10-35, DQ10-36, DQ10-38, DQ10-39, DQ10-42 and DQ10-44 did not intersect significant mineralization. Results for holes DQ10-43 and DQ10-45 are pending.

Osisko has the right to acquire a 50% interest in the Duparquet project in consideration for (1) total exploration expenditures of $70 million from 2010 to 2013, and (2) extending loans to Clifton to fund option payments on the property of $8.5 million for 24 months and $22.5 million for 36 months. These loans would carry interest at 5% and can be converted into stock at Clifton's choice. Osisko had also extended a $6 million credit line to Clifton, to be drawn prior to January 1, 2010, which was not utilized.

All NQ core assays reported above were obtained by standard 50 g fire assaying-AA finish or gravimetric finish at ALS Chemex laboratories in Val d'Or, Quebec. Reported drill core weighted averages were calculated using a minimum of 0.60 g/t Au over successive maximum intervals of 20 metres with an upper cut-off of 30 g/t Au where indicated. Intersected drifts or lost core within mineralized intersections were incorporated as blank intervals. The true widths are estimated at approximately 50% to 75% of the core lengths reported above.

Osisko follows strict QA-QC protocol measures in keeping with industry standards and regulatory reporting requirements. Mr. Robert Wares, P. Geo. and Executive Vice-President of Osisko, and Mr. Fred Archibald, P. Geo. and VP of Exploration for Clifton Star Resources Inc., are the Qualified Persons who have reviewed this news release and are responsible for the technical information reported herein, including verification of the data disclosed including the sampling, analytical and test data underlying the technical information.

Kesso · 09. Mai 2011, 11:32:56

Sep 01, 2010 16:00 ET
Osisko and Clifton Star Intersect 27 Metres Averaging 3.38 g/t Au at Duparquet

MONTREAL, QUEBEC--(Marketwire - Sept. 1, 2010) - Osisko Mining Corporation ("Osisko") (TSX:OSK)(FRANKFURT:EWX) and Clifton Star Resources Inc ("Clifton") (TSX VENTURE:CFO)(FRANKFURT:C3T) are pleased to announce results from thirty-seven additional holes from the 2010 drill program at the Duparquet Project, located in the Abitibi region of Quebec. Significant intersections from the new drill holes from the Beattie property include 27.0 metres averaging 3.38 g/t Au (BD10-209), 42.8 metres averaging 1.81 g/t Au (BD10-216) and 27.5 metres averaging 1.83 g/t Au (BD10-187). Assay results are summarized in the table below.

Drilling is focused on three properties: Beattie, Donchester (eastern extension of Beattie) and Duquesne for an overall 2010 drilling campaign of 122,000 metres. The current Phase I drill program comprises 67,500 metres of drilling on the Beattie property, currently 98 percent complete with 202 out of 206 holes. A Phase Two drilling program of 20,000 metres is 100 percent complete on the Duquesne property, and a Phase Three program of 33,000 metres is 75 percent complete on the Donchester Property. The property-wide drill program is progressing on schedule with 5 drills currently on site.

Beattie Property.

http://www.marketwire.com/press-release/Osisko-and-Clifton-Star-Intersect-27-Metres-Averaging-338-g-t-Au-at-Duparquet-TSX-OSK-1313054.htm

Kesso · 09. Mai 2011, 11:33:08

Nov 05, 2010 15:55 ET
Osisko Releases Third Quarter 2010 Results

MONTREAL, QUEBEC--(Marketwire - Nov. 5, 2010) - Osisko Mining Corporation (the "Company" or "Osisko") (TSX:OSK) (FRANKFURT:EWX) is pleased to report its third quarter financial results for the period ended September 30, 2010.

Highlights

* Continued progress on the construction of the Canadian Malartic Project with outlays of $134.0 million;
* Completion of the acquisition of Brett Resources Inc. and the Hammond Reef Project;
* Continuation of aggressive exploration and infill drilling with 107,800 metres drilled in the quarter and 312,800 metres year-to-date;
* Net loss of $11.2 million for the period and $18.3 million year-to-date;
* Completion of a $17.2 million flow-through financing.

During the third quarter of 2010, the Company incurred a loss of $11.2 million ($0.03 per share) compared to a loss of $5.7 million ($0.02 per share) in the corresponding period of 2009. The higher loss incurred is mainly due to higher costs from increased activities as the Company transitions to become a leading intermediate gold producer and higher charges from the issuance of stock options in the fourth quarter 2009 and in July 2010. For the year-to-date, the loss amounted to $18.3 million ($0.05 per share) compared to $12.4 million ($0.05 per share) in the first nine months of 2009. The increase is mainly due to additional costs associated with the growth in the Company's activities, and higher stock based compensation offset partially by higher interest income due to higher cash balances on hand. Shareholders are reminded that the Company has no revenue as its flagship Canadian Malartic gold project is not yet in production.

Sean Roosen, President and CEO commenting on the third quarter noted: "We are continuing our efforts to build shareholder value by developing the Canadian Malartic Project with production expected to commence early in the second quarter of 2011, and by aggressively pursuing the increase of our reserve/resource base through our intensive drill programs. We acknowledge the efforts of our employees and our contractors in pursuing the rapid construction and development of our Canadian Malartic Project".

Canadian Malartic Project

The Canadian Malartic Project is progressing well, with construction approximately 75% complete at the end of September 2010. Approximately 1,000 contractors and Osisko employees are currently involved in project development activities. Major accomplishments during the quarter include:

* Advancement of mechanical, electrical and piping installations in the mill to a 65% completion rate;
* Completion of the 120kV electrical line and sub-station work;
* Receipt of all key processing equipment at site;
* Ongoing construction of the "green wall" to mitigate the impact of the mining activities on the community;
* Commissioning of additional mobile mining equipment, including a second electrical shovel;
* Recruitment of workforce for the operational phase.

At quarter end, $753.2 million had been directly spent on the Project, with an additional $126.5 million committed.

The Project is scheduled for completion in mid-April/early May 2011, with capital estimates for the Project under the one billion dollar mark.

As part of ongoing community relations at the Canadian Malartic Project, more than 2,400 individuals from Malartic and the Abitibi-Temiscamingue region visited the construction site during an open house held on September 26, 2010.

Acquisition of Brett Resources

On May 19, 2010 the Company acquired 77% of Brett Resources Inc. ("Brett") following a friendly takeover offer announced on March 22, 2010. Under the terms of the offer Osisko issued 0.34 shares of Osisko and $0.0001 in cash in return for each share of Brett. On August 11, 2010 94% of Brett shareholders approved a Plan of Arrangement to combine with Osisko, thereby allowing Brett to become a wholly-owned subsidiary of Osisko. The subsidiary modified its name to Osisko Hammond Reef Gold Ltd. effective October 6, 2010.

The acquisition of the Hammond Reef deposit enhances Osisko's reserve and resource base and provides the opportunity to see Osisko become a one million ounce per year gold producer by 2015-2016.

The Hammond Reef gold project is located near Atikokan, Ontario. A Preliminary Assessment Study (the "Study") was completed in November 2009 outlining an initial 14 year mine life operating at 50,000 tonnes per day. Over the first six years, on average, Hammond Reef is expected to produce 463,000 ounces of gold per year at cash costs of US$382 per ounce (including royalties, net of silver credits). Over the life of mine, Hammond Reef is expected to produce a total of 5.13 million ounces of gold at an average rate of 369,000 ounces per year and average cash costs of US$442 per ounce (including royalties, net of silver credits). Using a gold price of US$990 per ounce the Study shows that Hammond Reef has an after-tax net present value of US$811 million (using a 5% discount rate) and an internal rate of return of 22.9%. The study is available on SEDAR.

In addition to the current resource, Hammond Reef offers exciting exploration potential as recent drilling has confirmed continuity of mineralization down-dip from the existing resource.

Other Highlights

The Company has continued to pursue its efforts to build on its current reserve/resource base. Approximately 312,800 metres have been drilled to date in 2010, including 107,800 metres during the third quarter. The focus has been the Hammond Reef Project with some 55,000 metres being completed and the Duparquet Joint Venture with approximately 44,000 metres being completed.

The Company is continuing its dialogue with the municipal and provincial authorities with respect to the deviation of Highway 117 to allow for the mining of the Barnat deposit. As part of its community outreach program, the Company intends to present the proposed new routing to the Malartic residents during a public session in mid-November 2010.

The Company completed flow-through financing by issuing 980,027 shares for gross proceeds of $17.2 million to fund its exploration program.

Highlights from the Company's financial position are as follows (in millions of dollars):
September 30, 2010 December 31, 2009
Cash Position(1) 449.2 790.2
Working Capital 385.0 760.4
Total Assets 1,919.5 1,338.8
Shareholders' Equity 1,539.6 1,112.3

(1) Includes Cash and Cash equivalents, Short-term investments, Restricted cash and Cash collateral.

The financial statements and Management Discussion and Analysis for the period ended September 30, 2010, will be filed on SEDAR prior to November 15, 2010.

Osisko Mining Corporation is currently developing the Canadian Malartic gold deposit, evaluating adjacent areas for a large-scale open pit, bulk-tonnage mining operation and pursuing exploration of the Hammond Reef Project. The Company is well-funded with approximately $450 million on hand.

Kesso · 09. Mai 2011, 11:33:19

Nov 11, 2010 08:00 ET

Osisko Options Gold Properties From Sparton Resources Inc.

MONTREAL, QUEBEC--(Marketwire - Nov. 11, 2010) - Osisko Mining Corporation ("Osisko"),(TSX:OSK)(FRANKFURT:EWX) is pleased to announce that it has signed a Letter of Intent (the "LOI") with Sparton Resources Inc. ("Sparton", SRI – TSX.V) to option Sparton's West Hammond Contact and Clement Lake gold properties, as well as six surrounding wholly-owned Sparton claims (the "Properties"), all located adjacent to Osisko's Hammond Reef property near Atikokan, Ontario. Osisko has a working right and exclusive option to acquire up to a 70% undivided interest in Sparton's gold Properties under the following terms:

In order to maintain the option in good standing and acquire a 60% undivided interest in the Properties (the "First Option"), Osisko shall:
(a) before signing of a definitive agreement, close a subscription in the capital stock of Sparton of 2,000,000 Units at a price of $0.25 per Unit, for gross proceeds of $500,000. Each Unit shall consist of one common share and one-half transferable common share purchase warrant. Each whole transferable common share purchase warrant will entitle its holder to acquire one common share for $0.40 for a period of 1.5 years from the closing of the subscription.

(b) on November 10, 2011, subscribe in the capital stock of Sparton for a total amount of $500,000, priced at the 20-day VWAP preceding November 10, 2011, and Osisko will refrain from any trading in the shares of Sparton during said 20-day pricing period.

(c) pay Sparton's counterparts to the Underlying Option agreements (the "UOA") cash and shares of Sparton according to the following schedule:

(i) $140,000 and 200,000 shares on or before July 10, 2011;

(ii) $200,000 and 220,000 shares on or before July 10, 2012;

(d) incur aggregate expenditures on the Properties :

(i) in the amount of at least $1,000,000 on or before November 10, 2011;

(ii) in the aggregate amount of at least $2,500,000 on or before November 10, 2012;

(iii) in the aggregate amount of at least $5,000,000 on or before November 10, 2013;

(iv) in the aggregate amount of at least $8,000,000 on or before November 10, 2014, including funding and completion of a scoping (Preliminary Assessment) study.

Upon acquiring a 60% interest, Osisko will have the option of earning an additional 10% interest (aggregate 70% interest, or the "Second Option") by either expending an additional $6,000,000 on the Properties or funding and delivering a bankable feasibility study on or before November 10, 2016.

Osisko may, at its sole discretion, accelerate and apply exploration and development expenditures to future years' expenditures and, accordingly, the First or Second Options may be exercised sooner.

Osisko will be the manager of the project. A management committee will be formed during the Option Period with two representatives from each party. This management committee will be responsible for reviewing programs submitted by Osisko and for approving and evaluating the results of all programs. In the event of a tie, Osisko shall have the casting vote during the Option Period. Upon acquiring a 60% or a 70% interest in the Property, a joint venture would be formed between Osisko and Sparton.

Robert Wares, Executive Vice-President and COO of Osisko, stated: "Osisko is very pleased to have the opportunity to acquire a majority interest in the Sparton gold properties. Sparton has identified several significant gold zones on these properties that offer additional potential for bulk minable gold deposits. This represents a strategic acquisition for Osisko that is located adjacent to the Hammond Reef project, where sixteen drills are currently defining and expanding the Hammond Reef gold resource. Osisko will finalize the review of available exploration data on Sparton's properties with the objective of testing favorable structures during the winter months."

The Sparton common shares to be acquired by Osisko will represent approximately 2.3 % of the outstanding common shares of Sparton before giving effect to the exercise of the warrants and approximately 3.4 % of the outstanding common shares of Sparton after giving effect to the exercise of the Osisko warrants (but before the exercise of any other warrants or convertible securities of Sparton). Osisko will acquire the Sparton common shares and warrants for investment purposes. Osisko has no present intention to increase its holdings in Sparton although it will evaluate the investment in Sparton and whether to increase or decrease its shareholdings in response to market conditions, the business and prospects of Sparton and other factors. The private placement is exempt from the prospectus and registration obligations as it is for an amount greater than $150,000.

Kesso · 09. Mai 2011, 11:34:06

Nov 18, 2010 14:28 ET
Orex & Osisko: Reverse Circulation Drilling Results on Goldboro Gold Property

MONTREAL, QUEBEC--(Marketwire - Nov. 18, 2010) - OSISKO MINING CORPORATION (TSX:OSK)(FRANKFURT:EWX)and OREX EXPLORATION INC.(TSX VENTURE:OX)(FRANKFURT:O5D) would like to provide shareholders with the results from the Reverse Circulation (RC) drilling program on the Goldboro Gold Property in Nova Scotia. RC drilling is a method for obtaining chip samples of mineral occurrences at or near surface, in both overburden and bedrock. A total of 64 RC holes (holes OSK10RC-130 to OSK10RC-194), representing 505 metres, were drilled on the Goldboro Gold Property. The highlights of the RC drilling campaign are presented below:
HOLE # LOCATION FROM (m) TO (m) WIDTH (m) TYPE ASSAY
(Au ppm)
OSK10RC-135 East Goldbrook 6 7 1 Overburden 0.82
OSK10RC-135 East Goldbrook 7 8 1 Bedrock 1.38
OSK10RC-136 East Goldbrook 4 5 1 Overburden 0.16
OSK10RC-137 East Goldbrook 4 5 1 Bedrock 10.85
OSK10RC-141 East Goldbrook 6 7 1 Overburden 0.31
OSK10RC-141 East Goldbrook 7 8 1 Bedrock 0.20
OSK10RC-145 East Goldbrook 5 6 1 Overburden 0.52
OSK10RC-145 East Goldbrook 6 7 1 Bedrock 0.11
OSK10RC-145 East Goldbrook 7 8 1 Bedrock 0.15
OSK10RC-147 East Goldbrook 5 6 1 Bedrock 25.65
OSK10RC-148 East Goldbrook 3 4 1 Overburden 0.12
OSK10RC-160 Ramp Area 10 11 1 Bedrock 0.73
OSK10RC-174 Ramp Area 6 7 1 Overburden 0.38
OSK10RC-174 Ramp Area 7 8 1 Bedrock 0.12
OSK10RC-178 Ramp Area 10 11 1 Overburden 0.74
OSK10RC-184 Ramp Area 4 5 1 Bedrock 0.15
OSK10RC-186 Ramp Area 3 4 1 Overburden 1.47
OSK10RC-186 Ramp Area 4 5 1 Overburden 0.58
OSK10RC-186 Ramp Area 5 6 1 Bedrock 0.56
OSK10RC-187 Ramp Area 8 9 1 Bedrock 0.17
OSK10RC-194 West Goldbrook 3 4 1 Overburden 0.02
OSK10RC-194 West Goldbrook 4 5 1 Overburden 1.17
OSK10RC-194 West Goldbrook 5 6 1 Bedrock 0.04
OSK10RC-194 West Goldbrook 6 7 1 Bedrock 4.23
OSK10RC-194 West Goldbrook 7 8 1 Bedrock 0.60
OSK10RC-194 West Goldbrook 8 9 1 Bedrock 2.80
OSK10RC-194 West Goldbrook 9 10 1 Bedrock 0.66
OSK10RC-194 West Goldbrook 10 11 1 Bedrock 0.63

"The RC drilling results have successfully identified bedrock gold mineralization on the East Goldbrook portion of the Goldboro Gold Property, where there has not been a lot of historic drilling, as well as at West Goldbrook" said Mark Billings, President and CEO of Orex Exploration. "We know that most of the gold-bearing structures at Goldboro come to surface. These RC drilling results particularly at East Goldbrook, which include 10.85 g/t Au and 25.65 g/t Au in two bedrock samples, provide us with some encouragement about the gold potential in these areas."

Although some of the RC drilling results could be used in a future resource estimate, this program was not intended to expand the NI 43-101 resource estimate; rather it was designed to explore new areas on the Goldboro Gold Property. RC drilling is a cost effective way of testing potential near-surface gold mineralized structures identified by the ongoing exploration on the Property. The program has been successful in the identification of future diamond drilling target areas.

The Reverse Circulation drilling was conducted by Archibald Drilling and Blasting of Truro, Nova Scotia. Sampling was done along roadside at approximately 20-metre spacing (no grid pattern). Overburden samples were collected over a 1-metre downhole length above the bedrock overburden interface. Bedrock chip samples were collected at 1-metre downhole length from the top of bedrock, generally to depths of 1-3 metres, but up to 12 metres in selected holes. All samples collected during the program were delivered by Mercator Geological Services or Armour Transport to the Minerals Engineering Centre (MEC) at Dalhousie University in Halifax, Nova Scotia, where analysis was carried out.

Each sample submitted to MEC was subjected to multiple stages of jaw crushing until grains were less than 4.0 mm. Analytical splits of 200 grams were obtained by riffle splitting and then pulverized with a ring and puck pulverizer to a grain size of less than 0.15 mm. A 30-gram split of this fraction was collected and analyzed by Fire Assay, lead collection and Atomic Adsorption Spectrometry (AAS) finish.

Option on Goldboro Gold Property Granted to Osisko Mining Corporation

In order to acquire a 50% undivided interest in the Goldboro Gold Property on or before September 29, 2013 (the Initial Option), Osisko Mining Corporation shall incur exploration and development expenditures in the amount of at least $1,500,000 on or before September 29, 2010; in the aggregate amount of at least $3,500,000 on or before September 29, 2011; and in the aggregate amount of at least $8,000,000 over the following two years, that is, on or before September 29, 2013. Osisko Mining Corporation may, at its sole discretion, accelerate and apply exploration and development expenditures to future years' expenditures and, accordingly, the Initial Option may be exercised sooner. Osisko Mining Corporation shall solely fund a prefeasibility study to earn an aggregate 60% interest (that is, an additional 10% interest) in the Property on or before September 29, 2015 (the Additional Option).

Osisko Mining Corporation and Orex Exploration are pleased to report that Osisko Mining Corporation has spent more than the $1,500,000 required in exploration and development expenditures in the first year of the Initial Option.

Kesso · 09. Mai 2011, 11:34:13

Dec 10, 2010 18:18 ET
Regional First Nations-Osisko Mining Corporation Sign Hammond Reef Resource Sharing Agreement

MONTREAL, QUEBEC--(Marketwire - Dec. 10, 2010) - Osisko Mining Corporation ("Osisko")")(TSX:OSK)(FRANKFURT:EWX) is pleased to announce that the Fort Frances Chiefs Secretariat, Lac Des Mille Lacs First Nation and Osisko Hammond Reef Gold Ltd. have signed a Resource Sharing Agreement on Friday, December 10, 2010, creating a commitment by all parties to engage in active consultation and collaboration, as part of Osisko's continued gold exploration activities at their Hammond Reef advanced gold project.

"This is an important and significant next step in the continued relationship between First Nations," said Tammy Ryll, Executive Director of the Fort Frances Chiefs Secretariat. "Osisko has proactively engaged in a process of consultation that respects our traditional territories and our Treaty rights, and we are pleased to support their initiative and its continued development."

Chief White Cloud of the Lac des Mille Lacs First Nation quoted one of her Elders in saying, "Today is a good day..." "It is a historical day not only for our First Nation, but also for the other participating First Nations, surrounding communities, and Osisko, in that we are entering into a mutually respectful and beneficial agreement regarding Industry on our Traditional Lands."

Tony Marinaro, Economic Development Advisor for Pwi-Di-Goo-Zing Ne-Yaa-Zhing Advisory Services stated: "The area First Nations are finally participating in the local economy. An opportunity which has not been available to them until having the chance to grow with the Hammond Reef Project. This signing of this agreement will provide a bright future for not only the aboriginal people but for all residents within the Rainy River District."

The agreement includes a commitment by the signing parties to create several committees to facilitate information gathering and maintaining open and transparent lines of communication. Osisko further agrees to provide employment and training opportunities to members of the participating communities. The communities agree to create operating trusts that will be able to receive training and educational funding from Osisko Hammond Reef, as well as accept shares of Osisko Mining Corporation as milestones in exploration and development are reached.

Sean Roosen, President and Chief Executive Officer of Osisko commented: "The signing of this Resource Sharing Agreement between the Fort Frances Chiefs Secretariat, Lac Des Mille Lacs First Nation and Osisko is the result of a respectful and considered consultation process between the signatories. The Agreement reflects a spirit of partnership and cooperation that began under the direction of Brett Resources, and underscores Osisko's commitment to continue developing this strong relationship with the Fort Frances Chiefs Secretariat and Lac Des Mille Lacs First Nation. It is a first significant step that we believe will result in a mutually beneficial development and operation at Hammond Reef, one that will lead to lasting educational, employment, and economic benefits to the community members."

The communities signing the resource sharing agreement are Lac Des Mille Lacs First Nation, and the seven participating First Nations of the Chiefs Secretariat: Couchiching First Nation, Lac La Croix First Nation, Mitaanjigamiing First Nation, Naicatchewenin First Nation, Nigigoonsiminikaaning First Nation, Rainy River First Nations, and Seine River First Nation.

The agreement comes into effect once it has been ratified by the members of the signing communities. Osisko Hammond Reef has deposited its initial funding commitment in trust.

Osisko Mining Corporation is a development stage gold mining company based in Montreal, Quebec, Canada. On August 13, 2010, the Company completed its acquisition of Brett Resources Inc. , following a friendly takeover offer announced on March 22, 2010 (Brett then became a wholly-owned subsidiary of Osisko and was renamed "Osisko Hammond Reef Gold Ltd."). Osisko Hammond Reef Gold Ltd.'s main asset is the Hammond Reef advanced gold project located near Atikokan, Ontario.

Kesso · 09. Mai 2011, 11:34:24

Dec 13, 2010 16:30 ET
Kinross Sells Osisko Shares

TORONTO, ONTARIO--(Marketwire - Dec. 13, 2010) - Kinross Gold Corporation (TSX:K)(NYSE:KGC) announced today that it has sold its approximate 1.8% equity interest in Osisko Mining Corporation ("Osisko"), consisting of approximately 6.8 million Osisko common shares, on an underwritten block trade basis, at a gross price of CDN$14.70 per share.

"The sale of this non-core holding augments Kinross' already strong financial position and reinforces our focus on delivering our industry-leading suite of growth projects," said Kinross President and CEO Tye Burt. "We are pleased to have benefitted from Osisko's success, which is a testament to its strong management and quality projects."

This press release is not an offer of securities for sale in the United States. The Osisko common shares sold have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

About Kinross Gold Corporation

Kinross is a Canadian-based gold mining company with mines and projects in Canada, the United States, Brazil, Chile, Ecuador, Russia, Ghana, and Mauritania, and employs approximately 7,000 people worldwide.

Kinross' strategic focus is to maximize net asset value and cash flow per share through a four-point plan built on: delivering mine and financial performance; attracting and retaining the best people in the industry; achieving operating excellence through the "Kinross Way"; and delivering future value through profitable growth opportunities.

Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

OSK - Osisko Mining - WKN A0Q390

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Administrator

Wir schätzen Ihre Privatsphäre