Osisko Development and Electric Elements File Early Warning Report for Niobay Metals Inc.

Core Viewpoint - Osisko Development Corp. has acquired 8,571,429 units of Niobay Metals Inc. for a total of $1,200,000.06 through its subsidiary Barkerville Gold Mines Ltd. as part of a private placement, which includes common shares and purchase warrants [1] Group 1: Acquisition Details - The acquisition price was $0.14 per unit, consisting of one common share and one warrant per unit [1] - Prior to the offering, Osisko Development held 9,857,143 common shares, representing approximately 7.4% of the total issued shares, and an additional 4,615,400 shares with Electric Elements Mining Corp., totaling 10.8% [2][3] - After the offering, Osisko Development's ownership increased to 18,428,572 common shares and 8,571,429 warrants, representing approximately 9.9% of the issued shares on a basic basis and 13.8% on a partially diluted basis [4][5] Group 2: Future Intentions - The securities were acquired for investment purposes, and Osisko Development may acquire additional shares or securities of Niobay in the future depending on market conditions [7] - An early warning report regarding the acquisition will be filed with Canadian securities regulatory authorities and will be available on SEDAR+ [6] Group 3: Company Overview - Osisko Development Corp. is focused on developing gold mining projects in North America, aiming to become an intermediate gold producer [8] - The company is advancing its flagship Cariboo Gold Project in British Columbia and has additional projects in Utah and Mexico, emphasizing long-life and environmentally responsible mining assets [8]