Osisko Metals Incorporated provided initial results of the winter hydrogeological program at its Pine Point Project, located in the NWT. Highlights: New hydrogeological testing at Pine Point indicates a significant and positive change to the Company’s understanding of ground water flow conditions with potential to significantly reduce costs related to future dewatering. The underground water flow appears to be preferentially controlled by faults and/or fracture zones with little influence related to formational aquifers. Updated PEA in First Quarter 2022 will incorporate new 3D hydrogeological model and should significantly lower sustaining CAPEX and OPEX estimates for life-of-mine water management. Profile Tracer Tests (PTT) have been completed on 10 water well holes (wide-diameter diamond drill holes) from the 18 holes completed this winter. Only two of the 18 holes produced water to surface and these are located in the northern-most area of the property, outside the mineralized trends. PTT tests were focused in the south-western portion of the camp, where water infiltration is potentially at highest risk. Profile Tracer Testing consists of mixing a tracer in the borehole without inducing any stress, followed by monitoring the tracer dilution within the same hole. This allows for accurate location of water-bearing discontinuities/units and behavior characterization. Preliminary PTT results indicate that the groundwater flow is preferentially controlled by discrete discontinuities (i.e., faults and or fracture zones) with little influence from any formational aquifer, including the dolomitized Sulfur Point Formation that hosts most of the zinc and lead Mineral Resources. This represents a significant shift from previous interpretations of underground water flow modelling at Pine Point, which was almost exclusively based on formational aquifer flow within the Sulfur Point Formation and/or the underlying Pine Point Formation.