Osisko Mining, currently evaluating the Canadian Malartic gold deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining operation’ has recently been granted two awards recognising the positive impacts of the project. The Association de l’exploration minière du Québec (AEMQ) presented Osisko with the e3 Award (environmental excellence in exploration) which recognises the corporation’s high level of environmental and social responsibilities as well as its conformity to the e3 best practices developed for exploration activities by the Prospectors and Developers Association of Canada (PDAC).

AEMQ recognised Osisko for its efforts in mitigating the impact of the Canadian Malartic project on the surrounding population, its implication in community development as an important partner to the citizens of Malartic, and the creation of the Fonds Essor Malartic Osisko to financially support local initiatives that will improve the quality of life of the residents of Malartic. In accepting this award, Osisko acknowledged the efforts and commitment of Cygnus Consulting, which has been managing and executing the Canadian Malartic exploration program on behalf of Osisko since 2005.

At its recent Annual Awards Banquet, the Chamber of Commerce of Rouyn-Noranda presented Osisko with its 2008 Extra Award for the economic impact of the project in the Abitibi-Témiscamingue region.

Sean Roosen, President and CEO, commented: “We are extremely proud of these awards which recognise our positive approach to sustainability, and in particular to the residents of Malartic and surrounding communities. Osisko continues to ensure that Malartic and the Abitibi-Témiscamingue region gain significant benefits from the development of the world class Canadian Malartic project. We share these awards with the residents and Town Council of Malartic”.

Osisko Mining is well-funded with approximately C$120 million on hand and is carrying out an aggressive definition drilling and exploration campaign on the Canadian Malartic deposit and surrounding properties.