Virginia Mines Inc.

Virginia Mines Inc. is a mining exploration company with a royalty of 2.2% on the world-class Eleonore gold deposit, which is in a new district that is now considered a new mining camp. Virginia works relentlessly on many projects in various stages of growth to develop mineral resources. Many of the company's projects involve partnerships and these exploration partners contribute to Virginia's annual exploration budget. Strengthened by the discovery of the Eleonore project and 20 years expertise on the territory, Virginia's team is recognized as being one of the best in Canada.

Expert Comments:

Brent Cook, Exploration Insights (1/4/15)
"The Virginia Mines Inc. acquisition by Osisko Royalties Gold Royalties Ltd. offers leverage to the two best gold royalties not held by Franco-Nevada Corp."

Eric Lemieux, PearTree Securities Inc. (12/17/14)
"Fall diamond drill results from Virginia Mines Inc.'s Coulon Zn-Cu-Ag-Au project confirmed the depth continuity of Lens 257 and that it remains open in the plunge axis both at depth and towards surface. . .we believe that Lens 257 is still open beyond vertical depths above and below 550 and 850m and the two recent holes have expanded the tonnage potential considerably on the order of >0.8 Mt (with a net smelter return value of ~$259.94/t) to a 14.9 Mt global range resource for the Coulon project."

Lawrence Roulston, Resource Opportunities (11/25/14)
"Virginia Mines Inc. has received a takeover offer from Osisko Gold Royalties Ltd. The offer of 0.92 Osisko share for each Virginia share represents a 41% premium to the trading price of Virginia prior to the offer. The merger will create a leading midtier gold royalty company with a market value of about CA$1.3B. . .the two high-quality gold royalties and the cash on hand provide a solid basis of value for a company that has enormous growth potential."

Jay Taylor, Gold, Energy & Tech Stocks (11/21/14)
"With institutions owning shares of both Virginia Mines Inc. and Osisko Mining Corp. happy with the proposed merger, I think it is highly likely to take place. Assuming that the merger is consummated, I think Osisko Gold Royalties Ltd. will become a highly desirable gold play for more conservative investors."

Ben Kramer-Miller, Seeking Alpha (11/18/14)
"Virginia Mines Inc. announced that it has entered into an agreement with Osisko Gold Royalties Ltd. whereby Osisko will buy Virginia at a rate of 1 share of Osisko for 0.92 shares of Virginia—a 40% premium over Friday's closing price. The combined company will be the largest gold-focused royalty/exploration company on the market, with a valuation of over $1 billion. . .bigger is better in the royalty space. The two companies also have extensive knowledge of the geological landscape in Quebec, and with the combined companies' CA$270M cash position there is a lot of exploration potential."

Eric Lemieux, PearTree Securities Inc. (11/17/14)
"On November 17, 2014, Virginia Mines Inc. and Osisko Gold Royalties Ltd. announced that they have entered into a definitive agreement to combine the two companies). . .we believe that merger creates a leading intermediate royalty company with two world-class, long-life royalties located in highly prolific Québec mining camps."

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Investing Highlights
High Quality Deposit
Safe Jurisdiction
Exploration & Production Upside
catalyst Calendar
Bussiness Combination with Osisko
Éléonore Ramp Up
Virginia Mines Inc. Content