Osisko Development Announces Change to the Board of Directors

Rhea-AI Summary

Osisko Development Corp (NYSE: ODV, TSXV: ODV) announced the immediate resignation of Ms. Marina Katusa from the company's board of directors. The company expressed gratitude for her service as a director.

News Market Reaction – ODV

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In the trading session that priced this news, ODV declined 4.30%, reflecting a moderate negative market reaction.

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MONTREAL, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces that Ms. Marina Katusa has resigned from the Company's board of directors (the "Board") effective immediately.

The Company thanks Ms. Katusa for her service as a director and wishes her well in future endeavours.

ABOUT OSISKO DEVELOPMENT CORP.

Osisko Development Corp. is a North American gold development company focused on past-producing mining camps located in mining friendly jurisdictions with district scale potential. The Company's objective is to become an intermediate gold producer by advancing its 100%-owned Cariboo Gold Project, located in central B.C., Canada, the Tintic Project in the historic East Tintic mining district in Utah, U.S.A., and the San Antonio Gold Project in Sonora, Mexico. In addition to considerable brownfield exploration potential of these properties, that benefit from significant historical mining data, existing infrastructure and access to skilled labour, the Company's project pipeline is complemented by other prospective exploration properties. The Company's strategy is to develop attractive, long-life, socially and environmentally sustainable mining assets, while minimizing exposure to development risk and growing mineral resources.

For further information, visit our website at www.osiskodev.com or contact:

Sean Roosen	Philip Rabenok
Chairman and CEO	Director, Investor Relations
Email: sroosen@osiskodev.com	Email: prabenok@osiskodev.com
Tel: +1 (514) 940-0685	Tel: +1 (437) 423-3644

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

FAQ

When did Marina Katusa resign from Osisko Development's board?

Marina Katusa resigned from Osisko Development's board of directors effective December 12, 2024.

What stock exchanges is Osisko Development (ODV) listed on?

Osisko Development is dual-listed on the NYSE and TSX Venture Exchange under the ticker symbol ODV.

Has Osisko Development (ODV) announced a replacement for Marina Katusa?

As of the announcement on December 12, 2024, Osisko Development has not announced a replacement for Marina Katusa on their board of directors.

What position did Marina Katusa hold at Osisko Development (ODV)?

Marina Katusa served as a member of the board of directors at Osisko Development Corp.