Mr. John Burzynski of Osisko reports

OSISKO FILES EARLY WARNING REPORT

Osisko Gold Royalties Ltd. has filed an early warning report in connection with the 10,707,255 common shares of Falco Resources Ltd. held by Osisko. Osisko has expanded the purposes for which it may continue to hold the Falco shares, and determined that, in addition to the investment purposes, it may use the Falco shares for purposes of influencing the corporate and managerial policies of Falco.

Osisko has filed the early warning report, containing further details of the changes in material facts relating to the Falco shares, on SEDAR under Falco's issuer profile. The filing of the early warning report or this press release is not an admission that any entity named in the early warning report or press release owns or controls any described securities or is a joint actor with Osisko.

We seek Safe Harbor.