OSK Osisko Exploration Ltee Com Npv

Osisko Exploration Ltd. (TSX VENTURE:OSK) (FRANKFURT:EWX) is pleased to announce
that it has awarded contracts for the overall feasibility, metallurgical design,
engineering, open pit geotechnical investigations and tailings impoundments for
the Canadian Malartic Project to BBA Inc. ("BBA") and Golder Associates
("Golder").


Based in Montreal, Quebec, BBA is a specialized mining engineering company with
a group of highly qualified metallurgists, and mining, civil/structural,
mechanical, electric and automation engineers with experience in the design and
operation of high-tonnage, low-grade gold mining and processing projects. With
over 350 employees, the mining and metallurgy group is located in Montreal.


Under the supervision of Luc Lessard, recently appointed Vice President of
Engineering and Construction for Osisko (see Osisko press release dated
September 7, 2007), the Feasibility Project Manager for BBA will be David
Runnels, P.Eng., who has over 35 years experience in the process design and
engineering management of mineral processing plants, and whose experience
encompasses large open pit mines such as Omai, Troilus, Rosebel and El Pachon.
Mr. Runnels and the BBA team have a strong prior working relationship with Mr.
Lessard and other members of Osisko's recently appointed mine development team.


Golder has been awarded the contract for open pit geotechnical investigation and
design of the tailings storage facility for the Canadian Malartic Project.
Project Director for Golder will be Michel Julien, Senior Engineer from Golder's
Montreal office, under the supervision of Luc Lessard from Osisko. Golder has a
long history of involvement in mine waste management projects in Quebec and
particularly in the Malartic area, with involvement in the East Malartic mine
site dating back to the 1960's. Golder planned and designed the expansion of the
East Malartic tailings basin for the Lac Minerals Doyon and Bousquet mines and
was involved in the tailings facility up until the property was eventually sold
by Barrick Gold Corporation in 2003. Subsequently Golder has been engaged by the
Quebec Government in auditing the site.


Sean Roosen, President and CEO of Osisko, stated: "The Company is very pleased
that we have been able to attract this highly experienced group of mining
professionals to assist in the progression of our Canadian Malartic project
towards feasibility. The combination of BBA's strong team and their prior close
working relationship with Osisko's new mine development team, along with
Golder's experience and in-depth familiarity with Malartic, should add up to a
close-knit group that has a proven track-record of working very well in the past
in the feasibility, development, commissioning and mining stages of other
successful large open pit gold mines. We anticipate these newly awarded
contracts will help accelerate our feasibility study and subsequent project
development of the Canadian Malartic Project."


Osisko Exploration Ltd. is currently evaluating the Canadian Malartic gold
deposit and adjacent areas for a large-scale open pit, bulk-tonnage mining
operation. The Company is well-funded with approximately $80 million on hand and
is carrying out an aggressive definition drilling campaign on the property. An
updated NI 43-101 complaint, inferred gold resource estimate on the main deposit
was released on July 5, 2007 and the full report is available on SEDAR.

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