Mr. John Burzynski reports

OBAN FILES CIRCULAR FOR ANNUAL AND SPECIAL MEETING

Oban Mining Corp. has filed a management information circular and related proxy materials in advance of its annual and special meeting of shareholders to be held on June 7, 2016. The meeting will be held for the following purposes:

• To receive and consider the financial statements of the corporation for the year ended Dec. 31, 2015, and the report of the auditors thereon;
• To appoint PricewaterhouseCoopers LLP, chartered accountants, as the auditors of the corporation for the ensuing year and to authorize the directors to fix their remuneration;
• To elect the directors of the corporation for the ensuing year;
• To consider and, if deemed advisable, to approve a special resolution to change the corporation's name from "Oban Mining Corporation" to "Osisko Mining Inc.," as more particularly described in the circular;
• To transact such other business as may properly come before the meeting or any adjournments or postponements thereof.

Name change to Osisko Mining Inc.

At the meeting, the holders of common shares of the corporation will be asked to approve a special resolution to change the name of the corporation from Oban Mining Corp. to Osisko Mining Inc. The corporation is seeking to adopt the name Osisko Mining Inc. to rebrand the corporation following its consolidation activities in Ontario and Quebec since the beginning of 2015, which resulted in the evolution of the corporation, including its assets and management. The original Osisko Mining Corp. earned international recognition with the successes of its exploration and development team -- a team that includes the original founders of Osisko who are now senior management and on the board of directors of the corporation -- crowned by the discovery, development and operation of the Canadian Malartic mine in the Abitibi region of northwestern Quebec, until the joint acquisition of Osisko Mining Corp. in June, 2014, by Agnico Eagle Mines Ltd. and Yamana Gold Inc. The corporation wishes to reintroduce the Osisko Mining name to the mining and investment communities to better reflect the corporation's current management, board and technical teams that were responsible for much of the success of the original Osisko Mining Corp., and the highly prospective mineral project portfolio in Quebec and Ontario that management believes will allow the corporation to continue the fulfilment both of the corporation's potential and its commitments to all of its stakeholders. The corporation enjoys strong sponsorship from its largest shareholder Osisko Gold Royalties Ltd., which together with management and insiders of the corporation currently owns approximately 19.9 per cent of the shares of the company.

The corporation has notified the Toronto Stock Exchange of the proposed name change. Subject to shareholder and TSX approval of the change of name, it is expected that the common shares will commence trading on the TSX under the new name and under the new stock symbol OSK at the opening of business two or three days subsequent to the effecting of the name change by the corporation, subject to the receipt by the TSX of the necessary documentation.

To be effective, the name change resolution must be approved by at least two-thirds of the votes cast by holders of common shares present in person or represented by proxy at the meeting in accordance with the provisions of the Business Corporations Act (Ontario).

The board unanimously recommends that shareholders vote in favour of the name change resolution. Unless the shareholder has specifically instructed in the form of proxy that the common shares represented by such proxy are to be voted otherwise, the persons named in the accompanying proxy will vote for the approval of the name change resolution.

Meeting

The meeting is scheduled to be held at 10 a.m. (Eastern Daylight Time) on June 7, 2016, at the offices of Bennett Jones LLP, Suite 3400, One First Canadian Place, Toronto, Ont., Canada, M5X 1A4. The record date for the purpose of determining holders of common shares entitled to receive notice of and to attend and vote at the meeting was May 3, 2016.

Your vote is important regardless of the number of shares you own. The circular more particularly describes the matters to be considered at the meeting, including the name change resolution. An electronic copy of the circular is available on the corporation's website and is also available on SEDAR under the corporation's issuer profile.

We seek Safe Harbor.