Osisko Development Appoints Marina Katusa to the Board of Directors

MONTREAL, Could 26, 2021 (GLOBE NEWSWIRE) — Osisko Improvement Corp. (“Osisko Improvement” or the “Firm”) (TSX.V-ODV) is happy to announce the appointment of Ms. Marina Katusa to its Board of Administrators.

Ms. Katusa has over fifteen years of enterprise expertise in areas together with mineral exploration, analysis evaluation, strategic planning, and company growth. She earned a Masters of Enterprise Administration (MBA) diploma and a Bachelor of Science (BSc) diploma in Geology/Earth & Ocean Science from the College of British Columbia. She is at the moment a member of the Board of Administrators of Silvercorp Metals Inc. and was beforehand on the Board of Household Companies of Larger Vancouver.

Sean Roosen, Chair of the Board and Chief Government Officer of Osisko Improvement said: “Marina brings a big talent set to the board with each Technical and Capital markets data. She can also be BC based mostly, dwelling of our largest challenge, Cariboo Gold. We sit up for working with Marina to maneuver Osisko Improvement to a mid tier producer.” 

As a part of her appointment to the Board, Ms. Katusa acquired 27,030 deferred share items (“DSUs”) in accordance with the DSU Plan of the Firm.

About Osisko Improvement

Osisko Improvement is well-capitalized and uniquely positioned as a premier gold growth firm in North America to advance the Cariboo Gold Undertaking and different Canadian and Mexican properties, with the target of changing into the subsequent mid-tier gold producer. The Cariboo Gold Undertaking, positioned in central British Columbia, is Osisko Improvement’s flagship asset with measured and indicated sources of 21.44 Mt at 4.60 Au g/t for a complete of three.20 million ounces of gold and inferred useful resource of 21.69 Mt at 3.90 Au g/t for a complete of two.70 million ounces of gold (see NI 43-101 Technical Report for useful resource October fifth, 2020). The appreciable exploration potential at depth and alongside strike distinguishes the Cariboo Gold Undertaking relative to different growth property as does the traditionally low, all-in discovery prices of US $19 per ounce. The Cariboo Gold Undertaking is advancing by way of allowing as a 4,750 tonnes per day underground operation with a feasibility research on observe for completion within the second half of 2021. Osisko Improvement’s challenge pipeline is complemented by potential near-term manufacturing focused from the San Antonio gold challenge, positioned in Sonora Mexico and early exploration stage properties together with the Coulon Undertaking and James Bay Properties positioned in Québec in addition to the Guerrero Properties positioned in Mexico. Osisko Improvement started buying and selling on the TSX Enterprise Trade (“TSX-V”) underneath the image “ODV” on December 2, 2020.

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