Osisko Development Corp. Completes Fourth Deferred Payment for Tintic Acquisition

Osisko Development Corp. announced its intention to complete the fourth of five deferred payments for the Tintic Project acquisition by issuing US$2,500,000 (C$3,453,000) worth of common shares. The payment will be made using 871,683 common shares at a deemed price of approximately C$3.9613 per share. This issuance is subject to the approval of the TSX Venture Exchange. The Tintic Project is located in Utah, U.S.A., and Osisko Development aims to become an intermediate gold producer with its flagship Cariboo Gold Project in British Columbia, Canada, and complemented by the Tintic Project.