Osisko Metals makes slew of management changes

Dec 13, 2024

2024-12-12 20:38 ET – News Release

Mr. Robert Wares reports

OSISKO METALS CORPORATE UPDATE

Further to Osisko Metals Inc.’s news release dated Nov. 18, 2024, the company has made changes to Osisko Metals’ leadership team:

Management changes

The company is pleased to announce the implementation of the following key management additions:

John F. Burzynski has been appointed as a director and executive chairman;
Don Njegovan has been appointed as president;
Blair Zaritsky has been appointed as chief financial officer;
Amanda Johnston has been appointed as vice-president, finance;
Alexandria Marcotte has been appointed as vice-president, exploration;
Lili Mance has been promoted to vice-president, corporate secretary.

Board of directors changes

The company is pleased to announce the appointment of Patrick Anderson and Tara Christie to the board of directors of the company.

Patrick F.N. Anderson — independent director — Mr. Anderson holds a BSc degree in geology from the University of Toronto, and is an entrepreneur and executive with over 30 years of experience in the resource sector. He has held key roles across gold, base metals and diamond projects for junior explorers, major producers and consulting firms in South America, North America and Europe. His board experience includes companies listed on the TSX Venture Exchange, Toronto Stock Exchange and London Stock Exchange-Alternative Investment Market exchanges. As the founder, chief executive officer and director of Dalradian Resources Inc., he led the discovery of over six million ounces of high-grade gold at Curraghinalt and executed a $537-million go-private transaction. Previously, he co-founded Aurelian Resources Inc., overseeing the discovery of the 13.7-million-ounce Fruta del Norte deposit, acquired for $1.2-billion. This deposit is now Lundin Gold’s flagship asset. Mr. Anderson has been named Mining Man of the Year by The Northern Miner and received the PDAC Thayer Lindsley Award. He recently served as lead independent director for Osisko Mining in its $2.2-billion acquisition by Gold Fields Ltd. Currently, he is the CEO of private Dalradian Resources, a director of O3 Mining Inc. and chairman of Cornish Metals Inc.

Tara Christie — independent director — Ms. Christie is a professional engineer and has over 25 years of experience in the exploration and mining business. Currently, she is the president, chief executive officer and a director of Banyan Gold Corp., and led the company from discovery to establishing its current resource on the AurMac gold project. Ms. Christie currently serves on the board of Western Copper and Gold Corp. and has served on the boards of several other public companies. She was formerly the president of privately owned Gimlex Gold Mines Ltd., one of the Yukon’s largest placer mining operations. Ms. Christie has been a board member of PDAC, Association for Mineral Exploration B.C., and the Yukon Environmental and Socio-Economic Assessment Board (YESAB). She is also president of the registered charity “Every Student, Every Day” that works to improve attendance in Yukon schools working with communities and first nations.

Resignation of Luc Lessard

Luc Lessard has stepped down as a director of Osisko Metals, having served as a director on the board since 2016. Mr. Lessard will continue as a strategic adviser to the company.

Concurrent with these appointments, Anthony Glavac has stepped down as chief financial officer.

“On behalf of the members of the board, the management team and the staff of Osisko Metals, I would like to thank Luc and Anthony for their valued contributions and commitment to the success of Osisko Metals,” commented Robert Wares, chief executive officer of the company. “We wish Luc and Anthony all the best in their future endeavours.”

Option grants

The company announces that, effective Dec. 12, 2024, it has granted to certain directors, officers, employees, and/or consultants of the company an aggregate of 15.1 million stock options pursuant to the Osisko Metals stock option plan.

The options have an exercise price of 26 cents per share and a five-year term from the date of grant, and vest annually in equal thirds beginning on the first anniversary of the date of grant.

About Osisko Metals Inc.

Osisko Metals is a Canadian exploration and development company creating value in the critical metals sector, with a focus on copper and zinc. The company acquired a 100-per-cent interest in the past-producing Gaspe copper mine from Glencore Canada Corp. in July, 2023. The Gaspe copper mine is located near Murdochville in Quebec’s Gaspe Peninsula. The company is currently focused on resource expansion of the Gaspe copper system, with current indicated mineral resources of 824 million tonnes (t) grading 0.34 per cent copper equivalent (CuEq) and inferred mineral resources of 670 million t grading 0.38 per cent CuEq (in compliance with NI 43-101). For more information, see Osisko Metals’ Nov. 14, 2024, news release, entitled, “Osisko Metals Announces Significant Increase in Mineral Resource at Gaspe Copper.” Gaspe Copper hosts the largest undeveloped copper resource in Eastern North America, strategically located near existing infrastructure in the mining-friendly province of Quebec.

In addition to the Gaspe copper project, the company is working with Appian Capital Advisory LLP through the Pine Point Mining Ltd. joint venture to advance one of Canada’s largest past-producing zinc mining camps, the Pine Point project, located in the Northwest Territories. The current mineral resource estimate for the Pine Point project consists of indicated mineral resources of 49.5 million t at 5.52 per cent zinc equivalent (ZnEq) and inferred mineral resources of 8.3 million t at 5.64 per cent ZnEq (in compliance with NI 43-101). For more information, see Osisko Metals’ June 25, 2024, news release, entitled “Osisko Metals releases Pine Point mineral resource estimate: 49.5 million tonnes of indicated resources at 5.52% ZnEq.” The Pine Point project is located on the south shore of Great Slave Lake, NWT, close to infrastructure, with paved road access, an electrical substation and 100 kilometres of viable haul roads.

We seek Safe Harbor.

https://osiskometals.com/