(Montreal and Québec City, December 22, 2014) Osisko Gold Royalties Ltd (OR:TSX) ("Osisko") and Virginia Mines Inc. (VGQ:TSX) ("Virginia") are pleased to announce that Institutional Shareholder Services ("ISS"), a leading independent proxy advisory firm which provides voting recommendations to institutional investors, has recommended that shareholders of Virginia vote FOR the special resolution to approve the plan of arrangement (the "Arrangement") in connection with the business combination of Osisko and Virginia. On November 17, 2014, Osisko and Virginia announced their proposed business combination structured by way of a plan of arrangement. Completion of the business combination is intended to create a new leading intermediate royalty and mining company with two world-class gold royalty assets located in Québec, Canada, one of the world's premier mining jurisdictions.