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os OSISKO GOLD ROYALTIES OSISKO REPORTS STRONG SECOND QUARTER 2021 RESULTS INCREASES QUARTERLY DIVIDEND BY 10 % Record operating cash flows from the royalties and streams segment of $ 37.3 million Record cash margin of $ 47.2 million Montréal , August 9 , 2021 - Osisko Gold Royalties Ltd ( the " Company " or " Osisko " ) ( OR : TSX & NYSE ) today announced its consolidated financial results for the second quarter of 2021. Amounts presented are in Canadian dollars , except where otherwise noted . Financial Highlights • Earned 20,178 GEOs¹ ( Q2 2020-12,245 GEOs ) • • • Record revenues from royalties and streams of $ 49.9 million ( Q2 2020 - $ 28.7 million ) Cash margin of 94 % from royalty and stream interests ( Q2 2020 - 95 % ) Consolidated cash flows from operating activities of $ 30.9 million ( Q2 2020 – $ 15.4 million ) о Record operating cash flows from the royalties and streams segment² of $ 37.3 million Operating cash flows from the mining exploration and development segment³ ( i.e. Osisko Development Corp. - TSX - V : ODV ) of ( $ 6.4 ) million Net loss attributable to Osisko's shareholders of $ 14.8 million , or $ 0.09 per basic share ( Q2 2020 - net earnings of $ 13.0 million , or $ 0.08 per basic share ) , as a result of an impairment charge of $ 36.1 million on the Bonanza Ledge Phase 2 project , operated by Osisko Development - Adjusted earnings of $ 20.2 million , or $ 0.12 per basic share³ ( Q2 2020 - $ 5.7 million , or $ 0.03 per basic share ) ○ Adjusted earnings from the royalties and streams segment² of $ 23.9 million , or $ 0.14 per basic share5 Adjusted loss from the mining exploration and development segment³ of $ 3.7 million , or $ 0.02 per basic share5 Quarterly dividend increased by 10 % to $ 0.055 per share ( annualized dividend of $ 0.22 per share ) , payable on October 15 , 2021 to shareholders of record as of the close of business on September 30 , 2021 Osisko amended its revolving credit facility and increased the amount available by $ 150.0 million to $ 550.0 million , with an additional uncommitted accordion of up to $ 100.0 million ( for a total availability of up to $ 650.0 million ) . The maturity date of the facility was extended to July 30 , 2025 , which can be further extended annually . The applicable margins have also been reduced , therefore reducing the fees on the undrawn and drawn portions of the facility . The drawn portion of the facility remains unchanged . 1