Certain non-core assets of Osisko Mining Inc. ("O3 Mining") entered into a binding letter agreement to acquire Alexandria Minerals Corporation (TSXV:AZX) on March 29, 2019. Certain non-core assets of Osisko Mining Inc. ("O3 Mining") entered into an arrangement agreement to acquire Alexandria Minerals Corporation (TSXV:AZX) for CAD 20.7 million on May 14, 2019. Under the terms, each Alexandria shareholder will be entitled to receive 0.010309 common shares of O3 Mining (on a post-Consolidation basis). Each Alexandria option, whether or not vested, will be exchanged by the holder thereof, for an option to acquire from Chantrell, other than as provided herein, the number of Chantrell Shares equal to the product obtained when the number of Alexandria shares subject to such Alexandria Option, is multiplied by 0.010309. The exercise price per Chantrell Share subject to a replacement Chantrell option will be an amount equal to the quotient obtained when the exercise price per Alexandria Share subject to each such Alexandria Option, is divided by 0.010309. Alexandria Shareholders are expected to hold approximately 14.5% of the issued share capital of O3 Mining upon completion of both the transactions. O3 Mining also entered into a definitive arrangement agreement to acquire Chantrell Ventures Corp. (NEX:CV.H) in a reverse merger transaction. Alexandria has agreed to pay a fee of CAD 0.875 million in case of termination of transaction.

The transaction is subject to completion of Chantrell Ventures transaction, approval of the TSX Venture Exchange, governmental approval and approval of the Ontario Superior Court of Justice (Commercial List), approval from at least two thirds of Alexandria shareholders, Alexandria Shareholders holding no more than 10% of the outstanding common shares of Alexandria will have exercised dissent rights, the distribution of the Chantrell Shares and Chantrell Options pursuant to the Alexandria Arrangement will be exempt from the prospectus and registration requirements of applicable securities laws either by virtue of exemptive relief from the securities regulatory authorities of each of the provinces of Canada or by virtue of exemptions under applicable securities laws and will not be subject to resale restrictions under applicable securities laws, the Exchange will have conditionally approved the listing thereon, subject to official notice of issuance, of Chantrell and of the Chantrell Shares to be issued pursuant to the Arrangement, the Chantrell options issuable to Alexandria Option holders in accordance with the Alexandria Plan of Arrangement have been issued in accordance with the terms and conditions of the Chantrell Stock Option Plan, each of the employees of Alexandria having delivered a termination and release agreement on terms satisfactory to Chantrell, the Chantrell Lock-Up agreements will not have been terminated or otherwise breached in any material manner by any of the Chantrell Locked-Up shareholders, such that as a result of such breach or termination the Chantrell Arrangement Resolution are not passed at the Chantrell Meeting and satisfaction or waiver of certain other customary conditions for a transaction of this nature.

The Boards of Alexandria and Chantrell have unanimously approved the transaction and recommended shareholders to vote in favor of the transaction. Each Director and officer of Alexandria has entered into a voting support agreement and will vote in favor of the transaction. The Alexandria special Meeting of shareholders is expected to be held in late June 2019 to consider the Alexandria Arrangement Resolution. As of June 13, 2019, Alexandria received an unsolicited offer from Agnico Eagle Mines Limited pursuant to which Agnico would purchase all of the issued and outstanding common shares of Alexandria at the price of CAD 0.05 per Alexandria Share. Alexandria's Board of Directors in good faith, unanimously determined, after receiving the advice of its financial advisors and outside counsel, that the Agnico Offer constitutes a superior proposal. As per the terms of agreement Chantrell has ten days during which it may choose to make a proposal which it believes would cause the Agnico Offer to no longer constitute a superior proposal. If Chantrell makes a matching proposal and the Board determines in good faith, after consultation with its financial advisors and outside counsel, that the Agnico Offer no longer constitutes a superior proposal the Board will support an amended transaction with Chantrell. Otherwise, following the expiry of the response period (or if such period is waived by Chantrell), Alexandria may terminate the Alexandria-Chantrell Agreement, pay the termination fee and execute an agreement with the Agnico in respect of the Agnico Offer. Certain non-core assets of Osisko Mining Inc. ("O3 Mining") entered into amendment agreement to acquire Alexandria Minerals Corporation (TSXV:AZX) for CAD 36.2 million on June 27, 2019. Pursuant to terms of amendment agreement each Alexandria shareholder will be entitled to receive 0.018041 common shares of O3 Mining. The Board of Directors of Alexandria unanimously recommends that the Alexandria shareholders vote in favour of the resolution to approve the arrangement at the meeting which has been postponed as a result of amendment. The recommendation of the Alexandria Board is supported by a fairness opinion by INFOR Financial Inc. As per the amended terms, Alexandria in event of termination of transaction will have to pay an increased termination fee of CAD 2.2 million from CAD 0.88 million. The Alexandria Shareholders meeting scheduled for June 28, 2019 is postponed until July 26, 2019, or such other date as may be ordered by the court. Agnico Eagle Mines Limited (NYSE:AEM) cancelled the acquisition of the remaining 94.4% stake in Alexandria Minerals Corporation (TSXV:AZX) on July 15, 2019. The transaction was approved at the special meeting of Alexandria Shareholders held on July 26, 2019. The transaction is expected to close in July 2019. As of July 26, 2019, the transaction is expected to close on or about August 1, 2019.

INFOR Financial acted as independent financial advisor and provided fairness opinion to Alexandria Board. Sprott Capital Partners is acting as Alexandria's financial advisor and Jeffrey K. Merk, Tom Fenton and Francesco Gucciardo of Aird & Berlis LLP is acting as legal advisor to Alexandria. Sander A.J.R. Grieve of Bennett Jones LLP is acting as legal advisor to Osisko Mining. Scotiabank acted as adviser to Alexandria Minerals in the transaction. TSX Trust Company acted as transfer agent to Alexandria. Upon successful completion, Sprott Capital Partners would be entitled to be paid a cash fee equal to 1.5% of the transaction value.