Osisko Intersects 592 Metres Averaging 0.33% Cu at Gaspé

Core Viewpoint - Osisko Metals has announced new drill results from the Gaspé Copper Project, confirming and expanding the resource model with significant copper and molybdenum mineralization, particularly in the southern extension of the deposit [1][2][29]. Summary by Category Drill Results - The latest drilling results include 33 mineralized intercepts from nine new drill holes, with infill intercepts aimed at upgrading inferred resources and expansion intercepts potentially leading to additional resources [5][8]. - Notable drill holes include: - 30-1107: 592.0 metres averaging 0.33% Cu (0.46 CuEq) [9] - 30-1112: 868.5 metres averaging 0.23% Cu (0.30 CuEq) [9] - 30-1114: 142.1 metres averaging 0.39% Cu (0.47 CuEq) [9] - 30-1116: 565.5 metres averaging 0.22% Cu (0.29 CuEq) [9] - 30-1119: 46.4 metres averaging 1.10% Cu (1.25 CuEq) [9] Market Context - The copper spot price is nearing US$5/lb, silver at US$47/oz, and molybdenum over US$30/lb, indicating a favorable market environment for the project [2]. Resource Expansion - The current drill program aims to convert the November 2024 Mineral Resource Estimate (MRE) to Measured and Indicated categories and test for deeper and lateral expansions towards Needle East and Needle Mountain [21][29]. - The Gaspé Copper project hosts the largest undeveloped copper resource in eastern North America, with current Indicated Mineral Resources of 824 million tonnes averaging 0.34% CuEq and Inferred Mineral Resources of 670 million tonnes averaging 0.38% CuEq [29][30]. Geological Insights - Mineralization at Gaspé Copper is characterized as porphyry copper/skarn type, with significant stockwork mineralization and high molybdenum grades observed in certain zones [18][19].