Osisko Metals Incorporated announced further results from the ongoing in-fill drill program at its Pine Point Project, located in the NWT, Canada. Reported results are from the N39 deposit in the East Mill Zone (Tables 1 & 2), which is located within 2 kilometers from the proposed concentrator location. Mineralization is located at shallow depths above the water table between 20 and 35 metres vertical depth, where there will be minimal dewatering required, if any.

Results are in-line with resource model expectations and was successful in delineating the high-grade zone within the N39 deposit. These results also provide infill spacing that is required to upgrade the mineral resource classification to the NI43-101 Indicated Category threshold as defined in the 2020 PEA. Further assay results are pending.

Drill hole N39-21-PP-002 intersected 4.80 metres grading 18.79% Zn and 0.82% Pb (19.60% Zn+Pb) in Tabular style mineralization. Drill hole N39-21-PP-007 intersected 2.00 metres grading 16.89% Zn and 4.56% Pb (21.45% Zn+Pb) in tabular style mineralization. Drill hole N39-21-PP-010 intersected two horizons of mineralization 2.00 metres grading 10.27% Zn and 1.55% Pb (11.81% Zn+Pb) as well as 2.00 metres grading 15.97% Zn and 4.62% Pb (20.58% Zn+Pb) in tabular style mineralization.

The N39 deposit is part of the East Mill Zone as defined in the 2020 PEA (6.0 MT @ 4.00% Zn and 1.39% Pb - Open Pit, Indicated Mineral Resource and 3.8 MT @ 4.03% Zn and 1.02% Pb Open Pit, Inferred Mineral Resource). Osisko Metals adheres to a strict QA/QC program for core handling, sampling, sample transportation and analyses. Drill core samples from the Pine Point project area are securely transported to its core facility on site, where they were logged and sampled.

Samples selected for assay are shipped to ALS Canada Ltd.'s preparation facility in Yellowknife. Pulps are analyzed at the ALS Canada Ltd. facility in North Vancouver, BC. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for a multi-element suite with a 1% upper detection limit for base metals.

Samples reporting over 1% for Zn and 1% for Pb are analyzed by assay grade, four acid digestion and ICPAES analysis with an upper detection limit of 30% and 20% respectively. Samples reporting Zn >30% and or Pb >20% are analyzed by traditional titration. Current drill program is following strict COVID19 protocols, in force since January 15th 2021.