Mr. Glenn Mullan reports

ABITIBI ROYALTIES ANNOUNCES DRILL RESULTS ON ODYSSEY NORTH OBTAINED BY OSISKO OF 2.85 G/T AU OVER 110 METRES

Abitibi Royalties Inc. and Golden Valley Mines Ltd.'s joint venture partner, Osisko Mining Corp., today released the results of its first drill intersection into the Odyssey North target, located at depth approximately 700 metres east of the Jeffrey zone along the Cadillac-Larder Lake fault and approximately 4.5 kilometres from the Canadian Malartic mill complex. The Odyssey North target is within the boundaries of the Malartic CHL property, which is the object of a joint venture with Osisko in which Abitibi holds a 30-per-cent free carried interest.

Osisko also announced that the centre of this significant intersection of 110.2 metres at 2.85 grams per tonne gold cut the Odyssey North zone at a true depth of approximately 1,150 metres and indicates a true width of 70 metres. It is located 290 metres below historical hole EM90-23A (51.8 metres averaging 1.83 grams per tonne gold), and 130 metres below and 140 metres east of historical hole EM90-21 (70.1 metres averaging 2.12 grams per tonne gold). Data from these three holes and historic holes indicate a tabular body dipping 70 degrees south with a true average width of 20 to 70 metres. ODY11-2404 also intersected a 0.5-metre-wide, visible gold-bearing sheared gabbro beyond the north porphyry contact that assayed 105 grams per tonne gold (uncut) over one metre. This auriferous shear constitutes a new discovery which extent is presently unknown. This intersection is also on the Malartic CHL property, which is the object of a joint venture with Osisko, in which Abitibi holds a 30-per-cent free carried interest.

Glenn Mullan, president and chief executive officer of Abitibi, is the qualified person who has reviewed this news release and is responsible for the technical information reported herein.

Further details on the results of the first drill intersection into the Odyssey North target can be found in Osisko's news release dated April 23, 2014, which is available for viewing through SEDAR by accessing Osisko's issuer profile.

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