Osisko Development announces annual incentive bonuses

MONTREAL, July 05, 2024 (GLOBE NEWSWIRE) — Osisko Development Corp. (NYSE: ODV, TSXV: ODV) (“Osisko Development” or the “Business“) announces that effective July 4, 2024, as part of its annual compensation review, the Company’s Board of Directors has approved the grant of an aggregate of 2,797,400 incentive stock options (the “Options“) and a total of 371,800 restricted stock units (“RSU“) to certain senior executives of the Company (collectively, the “Equity incentive bonuses“), in accordance with the terms of the Company’s option and restricted stock unit plans, if applicable.

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The stock incentive awards represent the Corporation’s annual stock compensation awards, in accordance with its regular annual compensation cycle. The options are exercisable at a price of C$2.72 per share of the Corporation (based on the closing price on July 3, 2024) and will expire on July 4, 2029. The options will vest in three equal parts on the following dates: July 4, 2025, July 4, 2026 and July 4, 2027, respectively. The RSUs will vest in bulk on July 4, 2027.

ABOUT
OSISKO
DEVELOPMENT
CORP.

Osisko Development Corp. is a North American gold development company focused on producing past-producing mining camps located in mining-friendly jurisdictions with district-scale potential. The Company’s objective is to become an intermediate gold producer by advancing its 100%-owned Cariboo Gold Project located in central British Columbia, Canada, the Tintic Project in the historic East Tintic Mining District of Utah, United States, and the San Antonio Gold Project in Sonora, Mexico. In addition to the significant exploration potential of these properties, which benefit from extensive historical mining data, existing infrastructure and access to a skilled workforce, the Company’s project portfolio is complemented by other promising exploration properties. The Company’s strategy is to develop attractive, sustainable and socially and environmentally sustainable mining assets, while minimizing exposure to development risk and increasing mineral resources.

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For more information, visit our website at www.osiskodev.com or contact:

Neither 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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