 MONTRÉAL, Oct. 29, 2020 GLOBE NEWSWIRE -- Osisko Gold Royalties Ltd Osisko Royalties OR: TSX NYSE and Barolo Ventures Corp. Barolo BVC.H: TSX-V are pleased to announce, further to their joint news releases dated October 5, 2020 and October 28, 2020 relating to the Reverse Take-Over of Barolo the RTO under the policies of the TSX Venture Exchange, the closing of the previously-announced bought deal private placement offering of 13,350,000 subscription receipts the Subscription Receipts of Osisko Development Holdings Inc. Osisko Subco at a subscription price of CDN 7.50 per Subscription Receipt the Issue Price for aggregate gross proceeds of CDN 100 million the Financing. In this news release, references to the Resulting Issuer or Osisko Development are to Barolo after the closing of the RTO. 