MONTREAL, QUEBEC--(Marketwired - May 5, 2016) - Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (TSX:OR) announces that, at the annual meeting of shareholders held on May 4, 2016, each of the 9 nominees listed in the Management Information Circular filed on April 7, 2016 with regulatory authorities were elected as directors of the Corporation.

Based on the proxies received and the votes on a show of hands, the following individuals were elected as directors of the Corporation until the next annual shareholders' meeting. Accordingly, the results are set out below:

RESOLUTION No.1         Votes cast % of       Votes cast % of
Name of Nominee         FOR        votes cast WITHHELD   votes cast
                                   FOR                   WITHHELD
Françoise Bertrand 78,463,346 95.41%     3,770,827  4.59%
Victor H. Bradley       81,630,293 99.27%     603,880    0.73%
John Burzynski          80,246,232 97.58%     1,987,941  2.42%
Christopher C. Curfman  82,113,121 99.85%     121,052    0.15%
Joanne Ferstman         78,537,697 95.50%     3,696,476  4.50%
André Gaumond      64,873,671 78.89%     17,360,502 21.11%
Pierre Labbé       81,594,998 99.22%     639,175    0.78%
Charles E. Page         63,276,121 76.95%     18,958,052 23.05%
Sean Roosen             76,203,973 92.67%     6,030,200  7.33%

All other resolutions provided for in the Management Information Circular were duly passed and as such a report on the voting results will be filed today with the Canadian securities regulatory authorities at www.sedar.com.

About Osisko Gold Royalties Ltd

Osisko is an intermediate mining royalty and exploration company with two world-class gold royalty assets. These two cornerstone assets are a 5% net smelter return ("NSR") royalty on the world-class Canadian Malartic gold mine, located in Malartic, Québec, and a 2.0-3.5% NSR on the Éléonore gold mine, located in James Bay, Québec. Osisko also holds a 1.7-2.55% NSR royalty on certain claims comprising the Island Gold Mine, a 1.7% NSR royalty on the Lamaque South Project, a 3% NSR royalty on the Malartic CHL property as well as a 2% NSR royalty on the Upper Beaver, Kirkland Lake and Hammond Reef gold exploration projects in Northern Ontario. The Corporation also owns a 9.8% equity interest in Labrador Iron Ore Royalty Corporation.

Osisko's head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.

Osisko Gold Royalties Ltd. John Burzynski Senior Vice President, New Business Development (416) 363-8653jburzynski@osiskogr.com Osisko Gold Royalties Ltd. Joseph de la Plante Vice President, Corporate Development(514) 940-0670 jdelaplante@osiskogr.com