MONTREAL, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (TSX-V: OM; FRANKFURT: OB51) is pleased to announce assay results from 18 drill holes completed in the East Mill Zone at the Pine Point Mining Camp (“PPMC”). Drill hole EM-18-PP-112 intersected 6.42% Zinc and 1.81% Lead over 10.50 metres and hole EM-18-PP-123 intersected 11.13% Zinc and 3.27% Lead over 6.52 metres.

Pine Point Summer Drill Campaign 18 holes K32

A high-grade lead intersection was also intersected in Hole EM-18-PP-113 that graded 7.00% Zinc and 18.00% Lead over 6.00 metres. While mineralization at Pine Point is predominantly rich in Zinc, similar anomalous high-grade lead intersections can occur locally and represent further upside to our infill drill campaign.

All intersections are within a flat lying tabular-style deposit known as K-32 and all intercepts are located above 42 metre depths. (See 2018 Summer Drill Campaign Central Zone K-32).

The historical K-32 deposit currently measures 410 metres in strike length and occurs within the East Mill Zone. The East Mill Zone hosts eight deposits containing unclassified historical resources reported by Cominco Ltd. (1988). This deposit is located 3.9 kilometres to the east of the existing electrical sub-station and former mill site along the main haulage road. The East Mill Zone extends 7.6 kilometres to the east of the substation and is adjacent to the main haul road along its entire length. Additional highlights are listed below in Table 1 and details are provided in Tables 2 & 3.

Table 1: Selected Drill Highlights
Hole Name	Area	Historical Deposit	From	To	Width	Zinc	Lead	Zinc + Lead
			(metres)	(metres)	(metres)	%	%	%
EM-18-PP-111	East Mill	K32	20.78	27.20	6.42	4.53	0.60	5.13
EM-18-PP-112	East Mill	K32	10.20	20.70	10.50	6.42	1.81	8.23
EM-18-PP-113	East Mill	K32	12.65	18.65	6.00	7.00	18.00	24.99
EM-18-PP-123	East Mill	K32	11.65	18.17	6.52	11.13	3.27	14.41
EM-18-PP-139	East Mill	K32	7.60	13.25	5.65	6.93	0.34	7.27

The objective of the 2018 drill program is to upgrade approximately 50 million tonnes of unclassified near-surface historical resources within known deposits (Cominco Ltd.) to NI43-101 Inferred Mineral Resources as quickly as possible in areas amenable to open pit mining. This will then be used as a resource base for future economic studies.

The 2018 program consists of approximately 700 drill holes (466 now completed) within the Main Trend, a 20-kilometre long, portion of the PPMC that is located on the south shore of Great Slave Lake in the Northwest Territories, near infrastructure and paved highway access and with 100km of haulage roads already in place.

Note regarding historical resource and Qualified Person

The above-mentioned historical resources do not conform to National Instrument 43-101 standards. The Company is reporting the historical estimates for reference purposes only. Neither Osisko Metals nor its consultants have completed sufficient work to verify the historical estimates and these should not be relied upon for investment purposes. A Qualified Person has not done sufficient work to classify the historical estimates as NI43-101 compliant mineral resources and there is no guarantee that such work will allow conversion of such historical resources.

Stanley G. Clemmer, P. Geo registered in the Northwest Territories and is Chief Geologist for Pine Point Mining Limited, a wholly owned subsidiary of Osisko Metals Limited. He is the Qualified Person responsible for the technical data reported in this news release.

Quality Assurance / Quality Control

Osisko Metals adheres to a strict Quality Assurance and Quality Control program with regard to core handling, sampling, transportation of samples and lab analyses. Drill core samples from the Pine Point project area were securely transported to its core facility in Hay River, Northwest Territories where they were logged and sampled. Samples selected for assay were shipped via secure transportation to the ALS Canada Ltd’s preparation facility in Yellowknife. Pulps were analyzed at the ALS Canada Ltd. facility in North Vancouver, British Columbia. All samples are analyzed by four acid digestion followed by both ICP-AES and ICP-MS for ultra-trace level detection for a multi-element suite with a 1% upper detection limit for base metals.  Samples reporting over 1% for Zn and 1% for Pb are analyzed by assay grade four acid digestion and ICP-AES analysis with an upper detection limit of 30% and 20% respectively.  Samples reporting Zn >30% and or Pb >20% are analyzed by traditional titration.

Table 2: Composite Assay Results
Hole Name	Historical Deposit	From	To	Drilled Width	True Width	Zinc	Lead	Zinc + Lead
		(metres)	(metres)	(metres)	(metres)	%	%	%
EM-18-PP-109	K32	21.87	25.77	3.90	3.90	2.60	0.13	2.73
EM-18-PP-110	K32	23.85	25.10	1.25	0.96	5.84	0.01	5.85
EM-18-PP-111	K32	20.78	27.20	6.42	5.26	4.53	0.60	5.13
EM-18-PP-112	K32	10.20	20.70	10.50	10.50	6.42	1.81	8.23
EM-18-PP-113	K32	12.65	18.65	6.00	6.00	7.00	18.00	24.99
EM-18-PP-115	K32	14.25	17.65	3.40	3.40	2.41	0.25	2.66
EM-18-PP-116	K32	12.00	12.35	0.35	0.35	1.89	1.04	2.93
EM-18-PP-117	K32	No significant Values
EM-18-PP-119	K32	14.40	16.85	2.45	2.45	0.55	0.06	0.61
EM-18-PP-120	K32	7.80	17.00	9.20	9.20	3.46	0.59	4.06
EM-18-PP-122	K32	11.25	16.08	4.83	4.83	1.72	0.35	2.06
EM-18-PP-123	K32	11.65	18.17	6.52	6.52	11.13	3.27	14.41
EM-18-PP-125	K32	9.50	10.06	0.56	0.56	8.64	6.32	14.96
EM-18-PP-127	K32	18.20	19.10	0.90	0.90	3.43	0.68	4.11
EM-18-PP-128	K32	40.72	41.20	0.48	0.39	26.00	1.75	27.75
EM-18-PP-129	K32	18.50	21.30	2.80	2.80	5.51	0.65	6.16
EM-18-PP-129	K32	32.63	33.76	1.13	1.13	1.95	0.01	1.97
EM-18-PP-138	K32	15.15	15.75	0.60	0.46	1.22	1.77	2.99
EM-18-PP-138	K32	21.33	21.77	0.44	0.34	3.55	0.37	3.92
EM-18-PP-139	K32	7.60	13.25	5.65	5.65	6.93	0.34	7.27
EM-18-PP-139	K32	16.25	17.15	0.90	0.90	2.62	0.45	3.07

Table 3: Drill hole collar locations (UTM NAD83 zone 11)
Hole Name	Deposit	Area	Easting	Northing	Elevation	Azimuth	Dip	Depth (metres)
EM-18-PP-109	East Mill	K-32	643513.8	6752370.2	214.96	0	-90	45.00
EM-18-PP-110	East Mill	K-32	643549.9	6752363.4	214.00	225	-50	60.00
EM-18-PP-111	East Mill	K-32	643568.3	6752333.7	215.27	180	-55	54.00
EM-18-PP-112	East Mill	K-32	643605.8	6752351.9	215.69	0	-90	42.00
EM-18-PP-113	East Mill	K-32	643585.0	6752378.8	214.97	0	-90	42.00
EM-18-PP-115	East Mill	K-32	643721.2	6752496.5	214.98	0	-90	42.00
EM-18-PP-116	East Mill	K-32	643755.2	6752491.2	215.63	0	-90	42.00
EM-18-PP-117	East Mill	K-32	643770.1	6752512.4	215.42	0	-90	42.00
EM-18-PP-119	East Mill	K-32	643744.8	6752452.0	215.98	0	-90	42.00
EM-18-PP-120	East Mill	K-32	643709.7	6752455.7	215.11	0	-90	42.00
EM-18-PP-122	East Mill	K-32	643675.7	6752418.6	215.47	0	-90	42.00
EM-18-PP-123	East Mill	K-32	643631.7	6752397.4	214.57	0	-90	42.00
EM-18-PP-125	East Mill	K-32	643672.5	6752388.0	216.09	0	-90	42.00
EM-18-PP-127	East Mill	K-32	643691.2	6752362.4	215.41	0	-90	42.00
EM-18-PP-128	East Mill	K-32	643755.9	6752399.6	215.43	270	-55	51.00
EM-18-PP-129	East Mill	K-32	643644.6	6752368.3	215.55	0	-90	42.00
EM-18-PP-138	East Mill	K-32	643621.5	6752318.8	215.32	270	-50	57.00
EM-18-PP-139	East Mill	K-32	643582.0	6752302.2	214.64	0	-90	42.00

About Osisko Metals

Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. The Company controls Canada’s two premier zinc mining camps in Canada, namely the Pine Point Camp (“PPMC”) located in the Northwest Territories (22,000 ha) and the Bathurst Mining Camp (“BMC”), located in northern New Brunswick (63,000 ha). The Company is currently drilling in both camps for a combined 100,000 metres.  The focus of these programs is to upgrade historical resources to comply with NI43-101 regulations and also on exploration around historical deposits. Brownfield exploration includes new innovative 3D compilation techniques, updated geological interpretation, and modern geophysics. In Québec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration. In parallel, Osisko Metals is monitoring several base metal-oriented peers for opportunities.

For further information on Osisko Metals, visit www.osiskometals.com or contact:
Jeff Hussey President & CEO Osisko Metals Incorporated (514) 861-4441 Email: info@osiskometals.com www.osiskometals.com	Christina Lalli Director, Investor Relations Osisko Metals Incorporated (438) 399-8665 Email: clalli@osiskometals.com www.osiskometals.com

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; objectives, goals or future plans; statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation's public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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