MONTRÉAL, QUÉBEC--(Marketwired - Jan. 13, 2015) - Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (TSX:OR) today announces that it has filed an early warning report in connection with the 10,707,255 common shares ("Falco Shares") of Falco Resources Ltd. ("Falco") 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, managerial and strategic policies of Falco. Osisko has filed the early warning report, a copy of which is attached to this press release, containing further details of the changes in material facts relating to the Falco Shares on SEDAR at 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.

About Osisko Gold Royalties Ltd

Osisko is a gold-focused royalty and mining company whose cornerstone asset is a 5% Net Smelter Royalty ("NSR") royalty on the world-class Canadian Malartic gold mine, located in Malartic, Québec. The Company also holds a 2% NSR royalty on the Upper Beaver, Kirkland Lake and Hammond Reef gold exploration projects in Northern Ontario. Osisko also owns approximately 9.9% of Virginia Mines Inc. The Corporation has over $170 million in cash resources, no debt and a portfolio of investments in emerging exploration companies.

Osisko's head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.

Forward-looking statements

Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Osisko expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur including, without limitation, the purposes for which Osisko and any joint actors may continue to hold securities of Falco, the intention of Osisko and any joint actors to increase or decrease their beneficial ownership of, or control or direction over, additional securities of Falco, whether persons or companies are, or will continue to be, joint actors of Osisko. Although Osisko believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include, market conditions and other factors relevant to the strategic decisions of Osisko and any joint actors, changes in the intentions of Osisko and any joint actors regarding their ownership of securities of Falco, corporate policy of Falco, continued availability of capital and financing, and general economic, market or business conditions. Osisko cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the forward-looking statements contained herein should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Osisko believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release. Osisko undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by applicable law.

Contact Information:

John Burzynski
Senior Vice President, New Business Development
(416) 363-8653

Joseph de la Plante
Vice President, Corporate Development
(514) 940-0670