Can you update our readers on recent progress made at Osisko Mining’s flagship Windfall gold project and the next steps being taken here?

We have been drilling here for the past five years to make the project the largest high-grade gold deposit ever discovered in the province. Windfall is a world class in grade and scale and it continues to grow. Our recent NI 43-101 report stated 3.2 million oz of gold in the measured and indicated resources category grading 10.5 g/t Au and 3.6 million oz Au in the inferred resource category grading 8.6 g/t Au.

In July 2022, we completed the extraction of the Lynx 600 bulk sample in the Triple Lynx zone with results from processing expected in Q4 2022. In parallel, we finished the drilling to updated the mineral resource estimate that will form the basis of the Windfall feasibility study, which we anticipate being delivered by the end of 2022. This feasibility study will form the basis of Windfall's production decision.

How do Osisko Mining’s other exploration activities underpin the company’s confidence in the region?

Windfall is part of a 2,400 square kilometer contiguous package that represents a district scale position. We believe that over time we will find additional deposits, as was done in comparable mining districts such as Val-d'Or or Timmins. Thus, while Windfall remains the main focus of Osisko Mining, the company has other regional exploration projects underway to help transition it to being a district scale player.

How would you explain the recent discrepancy between gold prices and the performance of gold exploration shares?

Gold producers have been favored over the past two years on the stock market. Money starts flowing into the junior space later on towards the end of cycles. Gold has been volatile over the past few months. We have even seen C$100 changes overnight on several occasions. Despite the turbulence, our job is to keep focusing on the main objective, which is to put Windfall into production by 2025. The fundamentals favoring a stronger gold price are there, especially in this inflationary environment.

In what ways does Osisko Mining work to foster positive relations with indigenous communities?

One of our focuses is to establish positive relationships with the Cree first nations. This begins with constant communication. One main way Osisko Mining is able to positively impact this community is through employment measures. For example, at Windfall we have employed over 100 First Nations workers who are either direct employees or working for contractors. We also work closely with several Cree owned contractors. This is a win-win situation for both Osisko Mining and the first nation communities, as we can provide opportunities to bring people into the workplace and provide or support the training. By doing so, we are forming the next generation of workers, supervisors, and leaders. When you develop an expertise through training, it stays.

Are there other topics within the umbrella theme of ESG that are featured prominently in the company’s operations?

Besides our work with indigenous groups, we take measures to minimize our environmental impact, and we work towards fostering a more inclusive environment – 38% of Osisko Mining's board is women. These are all things we think about on a daily basis. You cannot check a box then stop working on these issues; you have to wake up every morning with a mindset geared towards continual improvement. Reducing GHG emission is also at the top of our priorities which is why we recently signed a MOU with the Cree First Nation of Waswanipi to deliver hydroelectricity to the Windfall project.

Do you have a final message for GBR’s audience?

Osisko’s management and technical teams have a strong track record of finding, building, financing and operating mines. Windfall is a world class project, and we will continue to work hard towards our goal of putting it into production by 2025. We would then expect Windfall to become the next significant gold deposit in Québec, in Canada and in the World.