Slide 1: Update on Recent Cariboo PEA and Newly-Acquired Tintic Project
UPDATE ON RECENT CARIBOO PEA AND NEWLY-ACQUIRED TINTIC PROJECT OSISKODEV.COM TSX.V & NYSE: ODV INVESTOR PRESENTATION JUNE 2022
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This presentation (this "Presentation") contains forward-looking information and forward-looking statements (together, "forward-looking statements") within the meaning of applicable Canadian securities laws and the United States Private Secu
Slide 3: Cautionary Statement Regarding Technical Information
CAUTIONARY STATEMENT REGARDING TECHNICAL INFORMATION MINERAL RESOURCES This Presentation contains information regarding mineral resources estimated at the projects referenced herein. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral r
Slide 4: Cautionary Statement Regarding Technical Information
CAUTIONARY STATEMENT REGARDING TECHNICAL INFORMATION CAUTIONARY NOTE TO U.S. INVESTORS REGARDING MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES Osisko Development is subject to the reporting requirements of the applicable Canadian securities laws, and as a result, reports its mineral resources and r
Slide 5: Financial Information
FINANCIAL INFORMATION Capital Structure (c$) SHARE Ownership* SHARE PRICE* $8.42 BASIC SHARES OUTSTANDING* 75.6M Institutional Investors 19% OPTIONS + DSUs & RSUs** 1.1M Osisko Gold WARRANTS* 24.1M Royalties Retail 44% FULLY DILUTED SHARE COUNT* 100.9M Investors 21% MARKET CAPITALIZATION** C$635M FO
Slide 6: Recent Developments
RECENT DEVELOPMENTS Preliminary Economic Assessment issued for Cariboo Gold Project – May 24, 2022 Demonstrates potential viability of Cariboo NYSE Listing and Financing - May 27, 2022 Trading commences US$119.4 million proceeds of conversion of subscription receipts (including earned inte
Slide 7: Investment Highlights
INVESTMENT HIGHLIGHTS PART OF THE OSISKO GROUP WITH A PROVEN TRACK RECORD OF EXECUTION AND VALUE CREATION Team INCLUDES PRINCIPALS WHO founded, developed, operated and sold the Canadian Malartic Gold Mine Cariboo Gold Project (100%, BC, Canada) Trixie Gold Mine (100%, Utah, USA) Recent acquisition
Slide 8: Premier Mining Jurisdictions
PREMIER MINING JURISDICTIONS Cariboo Gold Project Cariboo (BC, Canada) Permitting Measured 47 KT, 8k oz @ 5.1 g/t EAST TINTIC indicated 27 MT, 3.46 Moz @ 4.0 g/t Inferred 14 MT, 1.6 Moz @ 3.5 g/t Trixie (Utah, US) Bonanza Ledge II MINING / Production (BC, Canada) Initial MRE (EST. Q4 2022) Test Mini
Slide 9: Cariboo Gold Project
O CARIBOO GOLD PROJECT OSISKO DEVELOPMENT
Slide 10: Cariboo PEA Results Summary (May 2022)
CARIBOO PEA RESULTS SUMMARY (MAY 2022) Key Operational Findings Key Financial Results* Phased construction approach with an initial Initial capital requirement of $121.5 million construction enabling a 2,000-tpd mine and an expansion raising the throughput at 8,000 tpd Expansion capital requir
Slide 11: Developing a Mining Camp
DEVELOPING A MINING CAMP All current resources are Two prospective mineralized trends over 83 km strike from the boxed area Decades worth of future exploration value-add High degree of confidence in geological model with significant mineralization in ~80% of drill holes 95% of current resour
Slide 12: Cariboo Gold Project – Longitudinal Section Looking North
CARIBOO GOLD PROJECT – LONGITUDINAL SECTION LOOKING NORTH The vertical extent of all mineable blocks is 630 metres and is open at depth and along strike The mine is accessed by three portals from surface directly connecting to Cow Zone, Shaft Zone, and Valley Zone A series of internal ramps co
Slide 13: Cariboo Gold Project: Preliminary Economic Assessment Summary (May 2022)
CARIBOO GOLD PROJECT: PRELIMINARY ECONOMIC ASSESSMENT SUMMARY (MAY 2022) Base Case (US$1,750/oz Au, USD:CAD 0.79, 5% discount rate) After-Tax NPV CAD$763.8 Million Initial Capital Costs CAD$121.5 Million Expansion Capital Costs CAD$716.1 Million Peak Year Payable Gold Production 315,506 oz Average A
Slide 14: Tintic
O OSISKO DEVELOPMENT TINTIC 4
Slide 15: Tintic Overview
TINTIC OVERVIEW Asset Summary Location OWNERSHIP 100% Osisko Development Corp. Trixie gold mine, producing from mineralized material from UG exploration development Eureka Standard, Ajax, North Lily (Trixie satellite expansion) MINERAL ASSETS: Burgin (Historic PEA from 2011 with Cu, Zn, Pb r
Slide 16: Trixie
TRIXIE Permitted, gold producing operation located in Utah’s Tintic mining district UNDERGROUND WORKINGS Trixie Historic Production and feed grades: ‐ ~158 K oz Au (6.8 g/t) and 4.73 m oz Ag (200 g/t) as smelter flux by- products under Kennecott ownership from 1965 to 1995 ‐ 7,373 ounces of Au (
Slide 17: Historic Trixie Mine versus New T2 Zone Discovery
HISTORIC TRIXIE MINE VERSUS NEW T2 ZONE DISCOVERY Historic mining at Trixie was focused on the west dipping 75-85 precious metal rich, polymetallic vein 2020 exploration drift into the footwall of the 75-85 vein intersected significant high-grade mineralization 14.0 m from the pre-existing under
Slide 18: Trixie - T2 Production Geology and Assays December 2021
TRIXIE - T2 PRODUCTION GEOLOGY AND ASSAYS DECEMBER 2021 There are no current 43-101 compliant mineral resource estimates on the Tintic Project that have been informed by data collected by current best practices. Current production at Trixie is directed by underground exploration, face sampling, and
Slide 19: Mineralized Domains in the T2 Zone
MINERALIZED DOMAINS IN THE T2 ZONE 1. T2 STRUCTURE hosting native gold and gold -silver – copper- tellurium rich minerals (xocomecalite hessite, goldfieldite, bezmertnovite, petzite, Lower Grade Stockwork zone rickardite, teinite) with gold silver rich quartz - barite - alunite - T2 T4 0.2 to 0.3 oz
Slide 20: Trixie - T2 Structure Composite Face Sampling Check Sampling by ODV Geologists (July 2021)
TRIXIE - T2 STRUCTURE COMPOSITE FACE SAMPLING CHECK SAMPLING BY ODV GEOLOGISTS (JULY 2021) By ODV from Underground 625 level (not including splays and crosscuts) A total of 21, ~2 ft wide channel samples taken by ODV Geologists Evidence of high gold grade along T2 main, north, central and explor
Slide 21: Trixie Long Section
TRIXIE LONG SECTION New high grade T2 structure, splays and stockwork zone is highlighted in the footwall of the historic 75-85 panel of mining Historically mined ore shoots were mined to the water table, with mineralization remaining open at depth, represent additional targets Xocomecatlite (gr
Slide 22: Tintic Project 43-101 Technical Report
TINTIC PROJECT 43-101 TECHNICAL REPORT The discovery of the T2 and T4 structures in late 2020 by TCM showed Au grades associated with high sulphidation alteration hosted within quartzites that are capped by impermeable shales and volcanics. Trixie production is approximately 45 tpd A total of
Slide 23: Styles of Mineralization within the Tintic District
STYLES OF MINERALIZATION WITHIN THE TINTIC DISTRICT 23
Slide 24: Appendix
© OSISKO DEVELOPMENT APPENDIX 24
Slide 25: Best in Class ESG
BEST IN CLASS ESG ENVIRONMENT PERMITTING INDIGENOUS NATIONS Osisko Development is working on Positive permitting climate in central BC Positive relationship with Lhtako installing a water treatment plant to treat given dearth of high-quality jobs from Dené Nation since 2015. Agreements contact
Slide 26: Active Leader within the Local Community
COMMUNITY RELATIONS Osisko Development is very involved in the Wells community with events and provided funding to local organizations in support of various initiatives ‐ Wells Community Foundation ‐ Island Mountain Arts ‐ Wells and Area Community Association ‐ Community Christmas dinner ‐ Communi
Slide 27: Best in Class ESG – Canadian Malartic Case Study
BEST IN CLASS ESG – CANADIAN MALARTIC CASE STUDY EXPLORATION CONSULTATION & ENVIRONMENT FINANCING & PRODUCTION Strict safety and COMMUNITY Agreement with the CONSTRUCTION After more than 800,000 mitigation measures in RELATIONS Ministry of Natural Raised over $1 B during metres of drilling and place
Slide 28: Cariboo Gold Project: Sensitivity Analysis
CARIBOO GOLD PROJECT: SENSITIVITY ANALYSIS NPV sensitivity (after-tax) for metal price and exchange rate variations IRR sensitivity (after-tax) for metal price and exchange rate variations 28
Slide 29: Tintic Onsite Laboratory Procedures
TINTIC ONSITE LABORATORY PROCEDURES All underground face samples are collected by TCM mine geologists from each of the active mining faces, with samples transported by the geologist from the Trixie mine to the onsite TCM laboratory located at the Burgin administrative complex. Underground samples ar
Slide 30: World-Class Leadership
WORLD-CLASS LEADERSHIP SEAN ROOSEN, CEO Alexander dann, CFO, cpa, ca Board of 25 years of experience leading finance operations and strategic planning for Founding member of Osisko Mining Corporation (2003-2014) companies in the mining and manufacturing sectors Directors Responsible for develo