Page 74 Swayze exploration projects to other mining companies President and CEO of Osisko John Burzynski commented Although our main focus is on the W indfall project in Quebec Osisko has con tinued work on the Garrison project with the goal of updating the resource and improving our understanding of the potential of the Garrcon Jonpol and 903 zones Drilling in 2017 was successful at signifcantly expanding the size of the 903 Zone Our upcoming July re source estimate will include all three zones Garrcon Jonpol and 903 and we will continue to evaluate the extensions of known mineralization with exploration drilling in 2018 Osisko s 2018 exploration budget for the Garrison deposit totals approxi mately 3 million This includes re source estimation work additional resourceoriented infll drillin g met allur gical work and Osisko s updated resource estimate for the Garrison Project is scheduled to be released in July 2018 The Garrison Project area is com prised of 214 mineral cla ims 25 mining leases and 87 patent claims encompassing approximately 8000 hectares Both Garrcon and Jonpol have re source estimates that are described in a tec hnical report prepare d in ac cordance with NI 43101 which was completed by a previous operator Northern Gold Mining Inc entitled T echnical Report on the Golden Bear Project Garrison Property Lar der Lake Mining Division Garrison T ownship Ontario In February 2018 Osisko announced the fnal results from the 2017 drill program at its 100 owned Garri son gold project located in Garrison T ownship Ontario The Garrison Project was acquired in late 2015 Osisko has been conducting new ex ploration and defnition drilling at Garrison for 20 months since early 2016 As of the end of January 2018 Osisko has completed 85000 metres of new drilling to complement the preexisting 108000 metres drilled at Garrison by previous operators The company has reevaluated pre vious drilling from the Jonpol Zone continued resource delineation at the Garrcon Zone and substantially ex panding the 903 Zone with explora tion drilling in the southwest part of the property Dewatering and geological mapping of the Garrcon bulk sample pits was conducted during 2017 W ork is in progress on interpretation of the geo logical model of the Garrcon and 903 zones including mineralization con trols The Garrison property consists of three mineralized zones with dif ferent styles the Garrcon Zone is hosted by T emiskaming sediments in the footwall of the Destor Porcu pine Fault Zone PDFZ the Jonpol Zone comprises 17 km of structurally controlled mineralization along the Munro Shear Zone hosted by mafc to ultra mafc volcanic rocks and the 903 Zone is hosted by syenite dykes intruding ultramafc rocks along the PDFZ The Jonpol and 903 zones remain open to the southwest and northwest respectively The Garrcon Jonpol and 903 zones will all be include d in the 2018 updated resource On Feb 8 2018 provided an update on the progress of exploratio n at its 100 owned W indfall Lake Urban Barry and Quevillon gold projects located in the Abitibi greenstone belt Eeyou Istchee James Bay Quebec Osisko s 2018 exploration budget for the W indfallL ynx deposits Urban Barry and Quevillon project areas to tals approximately 100 million This budget include s resource estimation work resourceoriented drill ing ex ploration ramp and under ground bulk sampling Osisko has been conducting new ex ploration and defnition drilling at W indfall for 26 months since late Oc tober 2015 As of the end of January 2018 Osisko has completed 518000 metres of the planned 800000 me tres to complement the preexisting 180000 metres drilled at W indfall by previous operators The company is rapidly advancing the W indfall and L ynx deposits through a balance of resource delineation drill ing and exploration drilling for exten sions and new mineralized zones Osisko has been successful in the past two years at signifcantly ex panding the known areas of mineral ization in the W indfall system and re interpreting the geological model of the W indfall deposit Drilling over the past 18 months has been directed by the evolving intrusionrelated geo logical model leading to the discov ery of signifcant extensions of the previously known mineralized zones and to the discovery of the new L ynx deposit W olf and Bobcat zones 2017 drilling successful at signifcantly expanding size of the 903 Zone Contd from pg 70