Osisko Mining Corporation

Osisko Mining Corporation

November 02, 2006 09:47 ET

Osisko Appoints Mr. Victor Bradley to Board of Directors

MONTREAL, QUEBEC--(CCNMatthews - Nov. 2, 2006) - Osisko Exploration Ltd. (TSX VENTURE:OSK)(FRANKFURT:EWX) is pleased to announce the appointment of Mr. Victor Bradley to the Board of Directors. Mr. Bradley is a Chartered Accountant with over forty years experience in the minerals industry. His experience includes 15 years with Cominco Ltd., where he held a wide variety of financial positions including Controller. He is the founder and Chairman of Yamana Gold Inc., a highly successful, Toronto-based mining company, and currently serves as President and CEO of Aura Gold Inc., a Toronto-based mineral exploration company. Mr. Bradley is also director of Frontier Pacific Mining Corp., the owner of the Perama Hill gold deposit in Greece.

Mr. Bradley brings considerable board-level financial and management experience and will chair the Company's Audit Committee. The Directors of the Company are very pleased to have Mr. Bradley join the Board and have agreed to grant him incentive stock options to purchase 300,000 common shares of Osisko at a price of $5.60 per share for a period of three years, ending November 2, 2009.

The Directors of the Company have also agreed to issue incentive stock options to management, employees and consultants of Osisko to purchase a total of 805,000 common shares of Osisko at a price of $5.60 per share for a period of three years, ending November 2, 2009.

In other corporate developments, Mr. Lorne Woods has resigned from the Board of Directors of Osisko in order to focus his efforts on Blue Note Mining Inc., a publicly trading mining and development company. The Board wishes to thank Mr. Woods for his contributions to the Company over the last three years.

Contact Information

  • Osisko Exploration Ltd.
    John Burzynski
    Vice-President Corporate Development
    Osisko Exploration Ltd.
    Daniel Boase
    Investor Relations
    Toll Free: 1-866-580-8891