Osisko Metals Incorporated V.OM

Intersects 4.80 Metres Grading 19.60% Zinc

[Betteryear2]

MONTREAL, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce 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.

Highlights:

• 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).

https://www.globenewswire.com/news-release/2022/01/25/2372263/0/en/Osisko-Metals-Intersects-4-80-Metres-Grading-19-60-Zinc-Lead-at-Pine-Point.html