 MONTRÉAL, July 21, 2021 GLOBE NEWSWIRE -- Osisko Gold Royalties Ltd TSX NYSE:OR Osisko announces that it has subscribed for and received from Carbon Streaming Corporation Carbon Streaming 4,000,000 special warrants the Special Warrants at a price of US1.00 per Special Warrant, for an aggregate subscription price of US4,000,000 pursuant to a non-brokered private placement the Transaction. Each Special Warrant will entitle the holder to receive, subject to adjustment in certain circumstances and without payment of additional consideration, units of Carbon Streaming comprised of one common share a Share and one common share purchase warrant a Warrant upon the exercise or deemed exercise of each Special Warrant. Each Warrant will entitle the holder to acquire one additional common share a Warrant Share at a price of US1.50 per Warrant Share and expiring sixty-two 62 months from the date of issue. 