MONTREAL, March 31, 2022 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd ("Osisko" or the "Company") (TSX & NYSE: OR) is pleased to announce that it has closed its previously announced bought deal public offering of 18,600,000 common shares of the Company ("Common Shares") at a price of US$13.45 per Common Share (the "Offering Price") for total gross proceeds of US$250,170,000 (the "Offering"). The Company has also granted the underwriters an over-allotment option, exercisable in whole or in part in the sole discretion of the underwriters at any time up to 30 days from and including March 31, 2022, to purchase up to an additional 2,790,000 Common Shares, at the Offering Price, to cover over-allocations.