Osisko Mining Corporation

Osisko Mining Corporation

November 29, 2013 16:52 ET

Osisko Corporate Update

MONTREAL, QUEBEC--(Marketwired - Nov. 29, 2013) - Osisko Mining Corporation (the "Company" or "Osisko") (TSX:OSK)(FRANKFURT:EWX) reports that it has received statements of offence relating to building activities carried out in 2010 in connection with the construction of its "green wall" in the Town of Malartic. Uncontested, the statements would total approximately $389,000 in imposed fines.

While Osisko will work with the authorities towards resolution of these statements of offence, the Company is seeking advice from its counsel in order to fully protect its rights.

The Company firmly believes that all construction activity related to the green wall was carried out under best practices to minimize the impact of the construction on the residents of Malartic.

Mining operations are unaffected and continue on a normal basis.

About Osisko Mining Corporation

Osisko Mining Corporation operates the Canadian Malartic Gold Mine in Malartic, Québec and is pursuing exploration on a number of properties in Ontario and Mexico.

Forward Looking Statements

Certain statements contained in this press release may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Osisko expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur including, without limitation, that the Company will achieve a favourable resolution of these statements of offence. Although Osisko believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, without limitation, that it will be able to demonstrate its due diligence in the conduct of its construction activities, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include uncertainty inherent to legal proceedings in a litigation and the discovery of new facts. These factors are discussed in greater detail in Osisko's most recent Annual Information Form and in the most recent Management Discussion and Analysis filed on SEDAR, which also provide additional general assumptions in connection with these statements. Osisko cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Osisko believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.

Contact Information

  • John Burzynski
    Vice-President Corporate Development
    (416) 363-8653

    Sylvie Prud'homme
    Director of Investor Relations
    (514) 735-7131
    Toll Free: 1-888-674-7563