The Province of British Columbia, Lhtako Den? First Nation and Osisko Development Corp. announced the approval of amendments to Mines Act Permits M-238 and M-198 allowing for the expansion of the existing Bonanza Ledge II underground mine (?Bonanza Ledge II?) with an increase in production from 150,000 t/yr to 215,000 t/yr. These amendments support the ongoing employment of 127 workers at the mine. The ore will be trucked from Bonanza Ledge?II to the Quesnel River Mill (?QR Mill?) for processing and tailings storage. The anticipated mine life of Bonanza Ledge II is approximately 18 months. The expansion of the Bonanza Ledge II project allows for continuity of mining while the Cariboo Gold project (?Cariboo Gold?) Environmental Assessment proceeds. If approved, the Cariboo Gold project will extend mining by an additional 16 years and employ 459 people. The Bonanza Ledge II deposit is located within the broader Cariboo Gold mining camp which is 100% owned by Barkerville Gold Mines Ltd., a wholly owned subsidiary of Osisko Development. Cariboo Gold is currently undergoing an Environmental Assessment under British Columbia?s Environmental Assessment Act (2018) and is moving along according to timelines set under this new act. If the project is granted environmental assessment approval, it will provide employment, training and opportunities for meaningful economic partnerships for First Nations local communities and the Province of British Columbia. The project will be powered by hydro-electricity providing it with a sustainable source of low-carbon power.