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Early Warning News Release

Early Warning News Release Osisko Gold Royalties Ltd. French MONTRÉAL, Jan. 22, 2021 (GLOBE NEWSWIRE) An early warning report has been filed by Osisko Gold Royalties Ltd on behalf of its affiliate, Osisko Development Corp. ( Osisko Development ), and Barkerville Gold Mines Ltd. (the Investor ), a wholly-owned subsidiary of Osisko Development holding the Subject Securities (as defined below), in respect of the Investor s holdings in Cornish Metals Inc. (CUSN: TSX-V) ( Cornish ). Cornish s head office is located at Suite 960 – 789 West Pender Street, Vancouver, British Columbia, Canada, V6C1H2. On January 22, 2021, the Investor exercised 9,577,143 warrants of Cornish (each, a Warrant ) to acquire 9,577,143 common shares of Cornish (each, a

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