Osisko Development Corp. announces it has entered into an amending agreement to the credit agreement with National Bank of Canada made as of March 1, 2024 providing for a USD 50 million delayed draw term loan, through its wholly-owned subsidiary, Barkerville Gold Mines Ltd. The Amendment provides for, among other things: An 8-month extension to the maturity date of the Credit Facility to October 31, 2025 (from March 1, 2025). The extension is subject to the Company completing a capital raise of at least USD 20 million prior to October 31, 2024, otherwise the maturity date reverts to February 28, 2025.

Reduction in the mandatory prepayment amount to 50% of each incremental dollar raised in excess of USD 25 million in respect of certain financings, allowing the Company to preserve 50% of such proceeds. There are no mandatory prepayment requirements for amounts up to USD 25 million. There are no other material changes to the term of the Credit Facility.