RE: RE: RE: osisikoThe Board of directors has adopted the shareholder rights plan on May 17, 2010. That day the stock closed at $10.51.
May 17, 2010
OSISKO ADOPTS SHAREHOLDER RIGHTS PLAN
Osisko Mining Corporation (“Osisko”, OSK - TSX, EWX - DeutscheBoerse) announced today that its Board of Directors has approved theadoption of a shareholder rights plan (the “Plan”), subject to allnecessary regulatory and shareholder reconfirmation. The Plan isdesigned to ensure that Osisko’s shareholders are treated fairly in theevent of a take-over bid for Osisko’s common shares and that Osisko’sBoard of Directors and shareholders will have adequate time to evaluateany unsolicited take-over bid and, if appropriate, to evaluate andpursue other alternatives to maximize shareholder value.
The Plan was not adopted in response to any actual or threatenedtake-over bid or other proposal from a third party to acquire control ofOsisko.