Archive for the ‘News’ Category

Otis Drills 55.5 Metres of 1.36 g/t Au and 30.4 Metres of 2.53 g/t Au at Kilgore

Wednesday, September 8th, 2010

Otis Drills 55.5 Metres of 1.36 g/t Au and 30.4 Metres of 2.53 g/t Au at Kilgore

September 8, 2010  OOO – (TSX)

Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce the receipt of significant drill results comprising potentially bulk-mineable, open-pittable intercepts from the first five logged and processed holes of its 2010, 32-core hole, 6,000-metre, Kilgore Gold Project (“Kilgore”) drill program, Clark County, Idaho. Highlights of these first five drill holes, listed in Table 1 below, include intercepts of 55.5 metres (m) of 1.36 grams per tonne gold (g/t Au) in hole 10 OKC-208 and 30.4 m of 2.53 g/t Au in hole 10 OKC-210. All five holes were drilled as infills in areas where historic wide-spaced drilling resulted in gaps that require further closer spaced drilling to confirm deposit continuity.

Table 1. Otis Gold 2010 Kilgore Gold Project Drill Highlights – First Five Holes

Hole

Number

From

(metres)

To

(metres)

Thickness

(metres)

Grad

(g/t Au)

10 OKC-207 10.1 23.8 13.7 2.17
57.3 60.3 3.0 0.66
69.5 74.1 4.6 1.87
87.8 93.8 6.0 0.56
10 OKC-208 69.8 85.0 15.2 1.15
103.3 104.9 1.6 1.49
130.8 186.3 55.5 1.36
includes 130.8 169.5 38.7 1.78
10 OKC-209 52.7 54.3 1.6 1.73
83.2 86.2 3.0 1.00
95.4 109.0 13.6 0.65
10 OKC-210 86.3 116.7 30.4 2.53
10 OKC-212 51.2 60.3 9.1 0.82

These new intervals, in combination with other significant bulk-tonnage intercepts determined for a number of the Company’s core holes drilled during 2008 and 2009 in the nearby higher-grade Mine Ridge core area of the deposit (Otis October 7 and December 16, 2009 and March 23, 2010 News Releases), all support a high degree of confidence concerning continuity of mineralization throughout the deposit and further indicate mineralized thicknesses and average grades that are noticeably greater than those constituting the majority of the intervals comprising the historic Kilgore NI 43-101 compliant resource (Otis March 2, 2009 News Release). Based on these new results, Otis continues to expect that there is a strong possibility to increase the overall size, grade, and economic viability of the Kilgore deposit. Three dimensional computer modeling of the deposit is being initiated and is expected to be completed Winter 2011 after all the 2010 drill results have been obtained and incorporated into the database.

As a continuation of Otis’ highly successful 2008 and 2009 drilling programs of the deposit’s higher-grade, 200-metre wide, Mine Ridge core area, this year’s aggressive drill program is being conducted as first-round in-fill and extension of the much larger 800-metre-long and 400-metre-wide Kilgore deposit area surrounding Mine Ridge. Much of this area was historically drilled on extremely wide, 60- to 120-metre-spaced centers, with in-fill and extension drilling necessary to more fully and clearly evaluate the deposit. Historic drilling was conducted by Bear Creek, Pegasus Gold, Placer Dome U.S., and Echo Bay Mines from 1983-1996, while exploring the property for a bulk-tonnage gold deposit (Otis June 10, 2008 News Release). Core holes 10 OKC-208 containing 55.5 metres @ 1.36 g/t Au and 10 OKC-210 containing 30.4 metres @ 2.53 g/t Au (Table 1) indicate that additional significant bulk-tonnage gold mineralization exists and extends at least 120 metres west and east, respectively, of the deposit’s Mine Ridge core area.

Locations of these first five holes, which total 954 metres of drilling, and their corresponding assay intercepts, are shown in a drill-hole location map available on the Otis Gold Corp. website at www.otisgold.com/projects/kilgore/.

Analysis and Otis QA/QC Program

All assay work was performed by ALS Chemex Labs, Vancouver, B.C., which has ISO 9001:2008 quality management system certification and ISO 17025:2005 Vancouver Lab technical capability accreditation. A 50-gram pulp of all samples was assayed for gold by Fire Assay/AA finish methods. Certified reference materials, duplicates, and blanks were inserted into the sample stream for quality control.

True bulk-tonnage widths are estimated to be between 90% and 100% of the drilled interval, based on their estimated dip, association with diking, and continuity of mineralization between drill holes. The HQ3-size core drilling is being performed by Timberline Drilling, Inc., Coeur d’Alene, Idaho, employing two Sandvik DE-140 core drills outfitted with a triple-tube core recovery system and face-discharge bits. Drilling continues on a full-time, around-the-clock basis, with all results to be reported throughout Fall 2010 as they are received.

John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

About the Company

Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, Clark County, Idaho.

ON BEHALF OF THE BOARD

“Craig T. Lindsay”

President and CEO

For additional information, please contact:

Craig Lindsay

Tel: 604.683.2507

E-mail: craig@otisgold.com

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Otis Commences 6,000 Metre Drill Program at Kilgore

Thursday, June 10th, 2010

Otis Commences 6,000 Metre Drill Program at Kilgore

June 10, 2010 OOO (TSX)

Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce start- up of a 6,000-metre, 30-core hole drilling program at its flagship Kilgore Gold Project, Clark County, Idaho. Drilling will be on-going throughout the entire 2010 field season, with program completion slated for early December.

Drilling will be conducted on a 24-hour basis and will be spread between a minimum of 30 holes located throughout four quadrants encircling the deposit’s central Mine Ridge deposit area. The program is designed, in part, to convert inferred resource material into the drill indicated category and to drill in-fill and step-out holes to both upgrade the current resource and to test for further resource expansion, as well as closure, where the deposit remains open. Part of the drilling will also focus on in-filling and off-setting higher-grade historic intercepts near and along the Cabin Fault and its contact with an adjacent Tertiary rhyolite dome, the possible source of mineralization for the Kilgore gold system. The program will also concentrate on off-setting and extending to the south higher-grade intercepts found by Otis during its 2008 and 2009 drilling of the Kilgore deposit Mine Ridge core target area.

Approval of the Company’s drill plan was granted by the U.S. Forest Service – Caribou-Targhee National Forest on May 6, 2010, only two weeks after the date of its submission. Timberline Drilling Inc., Coeur d’Alene, Idaho, will be conducting the HQ-size core drilling employing two Sandvik DE140 core drills, with the first drill scheduled to arrive on site June 14 and the second to arrive approximately one week thereafter. The program is budgeted at US$2.0 million. Results from the drilling will be released as they become available, and a new Mine Ridge resource estimate will be prepared following completion of the drill program.

Drilling at the adjacent Dog Bone Ridge target area is currently in the assessment and permitting stage. Details of this drill program will be released as they become available.

Otis is currently working to earn a 75% interest in the property by fulfilling the terms of an agreement dated June 4, 2008 between Otis and its joint venture partner Bayswater Uranium Corporation (see Otis News Release dated June 10, 2008 for further information).

John R. Carden, Ph.D., P. Geo., a Qualified Person (QP) as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this news release.

About the Company

Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho and Nevada, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, Clark County, Idaho.

ON BEHALF OF THE BOARD

“Craig T. Lindsay”

President and CEO

For additional information, please contact:

Craig Lindsay

Tel: 604.683.2507

E-mail: craig@otisgold.com

Kevin Arias

Tel: 604.683.2507

Email: kevin@otisgold.com

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in  the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Kilgore Gold Project Update

Tuesday, May 4th, 2010

Kilgore Gold Project Update

May 4, 2010  -  OOO (TSX-V)

Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to provide an update of recent developments concerning the Company’s Kilgore Gold Project (“Kilgore”), Clark County, Idaho.

Upcoming Drilling Program

In 2010, Otis plans on drilling up to 8,000 metres at Kilgore. Of this total, 6,000 metres is planned at the Kilgore Mine Ridge deposit and resource area and 2,000 metres is planned at Dog Bone Ridge. The latter constitutes a highly prospective drill target that has been the subject of both historic drilling and a successful 8.5-line km CSAMT Survey completed by Otis in November 2009. It is located approximately 1,400 metres southwest of the deposit.

Otis has signed an agreement with Timberline Drilling Inc., of Coeur d’Alene, Idaho to supply two core rigs to drill at Mine Ridge. Drilling will be on a 24-hour basis, with approximately 6,000 metres spread between a minimum of 30 holes located throughout four quadrants encircling the deposit’s central Mine Ridge area. Drilling is designed, in part, to convert inferred resource material into the indicated category and to drill in-fill and step-out holes to both upgrade the current resource and to test for further resource expansion, as well as closure, where the deposit remains open. Part of the drilling will also focus on in-filling and off-setting higher-grade historic intercepts near and along the Cabin Fault and its contact with an adjacent Tertiary rhyolite dome, the possible source of mineralization for the Kilgore gold system. The program will also concentrate on off-setting and extending to the south higher-grade intercepts found by Otis during its 2008 and 2009 drilling of the Mine Ridge deposit core target area.  A drilling contract for work at Dog Bone Ridge has not yet been finalized.

Cost of the drill program at Kilgore is estimated to be US$2.5 million. Results from the drilling will be released as they become available.

Mine Ridge Pre-Feasibility Study

Otis has initiated activities required to complete an independent Pre-Feasibility Study on the Mine Ridge deposit. Highlights of the study will include resource delineation, deposit engineering, infrastructure review, and cost assessment work, as well as the results of current detailed metallurgical testing and the upcoming approximately 6,000-metre resource drilling program for 2010. Completion of the study is scheduled for March 2011. Otis is currently reviewing proposals from several independent consulting firms and expects to confirm the appointment of a primary contractor by June 2010.

Craig Lindsay, President and CEO of Otis commented, “Initiation of the Pre-Feasibility Study at Kilgore marks a major milestone as we move towards a commercial production decision.”

Metallurgical Testing at Mine Ridge

As a first step toward the completion of the Independent Pre-Feasibility Study, four bulk samples representing typical Kilgore deposit ore types and bulk-tonnage grades were delivered to McClelland Laboratories, Inc., Sparks, Nevada on April 15, 2010 for bench-scale metallurgical testing. The samples range between approximately 190 and 250 pounds of split HQ-3 size core material, with estimated overall average grades in the 0.76 grams per tonne Au (g/t Au) to 1.80 g/t Au range. Scope of the contracted work includes sample preparation and head grade analyses, bottle roll tests, screen size fraction analysis, and column leach tests for each of the four samples. Results and a report of all findings are estimated to be available in 5 months.

Historically, deposit metallurgy is considered excellent based on favorable results of bottle roll and column leach tests performed in 1995 and 1996 by Hazen Research, Inc., Golden, Colorado on Echo Bay Mines drill core and RC cuttings. All bottle roll tests resulted in greater than 90% gold extractability and showed that the mineralization is not refractory. Column leach tests indicate 94.3% recovery on oxidized material (-1/2” crush size) and 86.9% on mixed/partially oxidized material (-1” crush size), material types which together comprise the bulk of the deposit. As noted in a 2002 Rayner and Associates and Van Brunt NI 43-101 compliant report on the property, the extraction of 86.9% gold on mixed material after 75 days of leach time is excellent and suggests that even coarser crush sizes may also lend themselves to favorable extractability, thus enhancing deposit economics.

Mine Ridge NI 43-101 Compliant Resource

Between 1983 and 1996, a total of 122,257 feet of drilling in 190 holes was conducted on the Kilgore Project by Bear Creek, Placer Dome U.S., Pegasus Gold, and Echo Bay Mines with the goal of defining a +1 million once bulk-tonnage, open-pittable gold deposit. A number of 43-101 non-compliant resource estimates were computed on the bulk-tonnage mineralization by Placer Dome U.S. and Echo Bay Mines. These estimates indicate a global resource of between 561,000 and 706,000 ounces of gold contained in the deposit depending on the cutoff grade used and the Company conducting the estimate (see Otis News Release dated June 10, 2008). These estimates, which are based on the above noted drilling, are mentioned for historic and reference purposes only, the issuer is not treating them as current mineral resources, and they are not to be relied upon. Subsequent to these estimates, in 2002 Rayner and Associates and Van Brunt conducted a NI 43-101 compliant resource estimate on the Kilgore bulk-tonnage deposit at a cutoff grade of 0.010 ounces per tonne gold (opt Au). Their estimate comprises 218,000 ounces of drill-indicated gold (7.043 MM tons @ 0.031 opt Au) and 269,000 ounces of inferred gold (9.661 MM tons @ 0.028 opt Au).

In 1996, Echo Bay Mines completed an internal Initial Engineering Assessment on Kilgore, planning to put the deposit into production as an open pit. Some 10.1 MM tons of material at a grade of 1.28 g/t was identified as being potentially minable. Capex was estimated at $31.6 (US) million, cash costs at $222 (US)/oz, and the mine life at 6.6 years (based on a production rate of 4,000 tons per day, or about 45,000 ounces of gold per year). They did not proceed due to the low gold price, which at the time was less than $300 (US)/oz, and also because of their deteriorating financial position.

Recent Otis drill results (see Otis News Release dated March 23, 2010), in combination with other significant high-grade and bulk-tonnage intercepts recorded for a number of the Company’s other holes drilled in the Kilgore deposit Mine Ridge core target area during 2008 and 2009, indicate mineralized thicknesses and average grades that are noticeably greater than those constituting the majority of the historic Kilgore NI 43-101 compliant resource. As a result, Otis expects that there is a strong possibility to increase the overall size, grade, and economic viability of the deposit.  A new NI 43-101 compliant resource estimate at Mine Ridge will be completed following completion of this year’s drilling.

About the Company

Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho and Nevada, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, Clark County, Idaho.

ON BEHALF OF THE BOARD

“Craig T. Lindsay”

President and CEO

For additional information, please contact:

Craig Lindsay

Tel: 604.683.2507

E-mail: craig@otisgold.com

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Otis Announces Final Kilgore Drill Results Including 64.0 Metres Grading 1.89 g/t Au

Tuesday, March 23rd, 2010

Otis Announces Final Kilgore Drill Results Including 64.0 Metres Grading 1.89 g/t Au

March 23, 2010 OOO (TSX)

Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce the receipt of significant drill results comprising bulk-tonnage, open-pittable intercepts from the last five holes of its 2009, 12-core hole, 3,122-metre, Kilgore Gold Project (“Kilgore”) drill program, Clark County, Idaho. Highlights of these final five “200 series” drill holes are listed in Table 1 below, and include bulk-tonnage intercepts of 64.0 metres (m) of 1.89 grams per tonne gold (g/t Au) in hole 09 OKC-206 and 50.0 m of 1.02 g/t Au in hole 09 OKC-205, including high-grade intercepts of 7.7 m of 12.70 g/t Au in hole 09 OKC-206 and 3.0 m of 8.42 g/t Au in hole 09 OKC-205.

These results in combination with other significant bulk-tonnage intercepts recorded for a number of the Company’s other holes drilled in the Kilgore deposit Mine Ridge core target area (Otis October 7 and December 16, 2009 News Releases) indicate mineralized thicknesses and average grades that are noticeably greater than those constituting the majority of the intervals comprising the historic Kilgore NI 43-101 compliant resource (Otis March 2, 2009 News Release). As a result, Otis expects that there is a strong possibility to increase the overall size, grade, and economic viability of the Kilgore deposit, thus the Company is in the process of selecting an engineering firm to conduct a prefeasibility study on the bulk-tonnage deposit.

Table 1. Otis Gold Corp. Kilgore 200 Series Drill Hole Highlights

Hole Number

From

(m)

To

(m)

Thickness (m)

Au g/t

09 OKC-202

43.3

99.7

54.0

118.0

10.7

18.3

1.02

0.78

09 OKC-204**

Includes

60.0

66.8

155.6

77.0

95.6

10.2

1.46

9.80

09 OKC-205

Includes

73.4

120.4

209.1

123.4

123.4

247.2

50.0

3.0

38.1

1.02

8.42

1.07

09 OKC-206

Includes

58.5

98.1

122.5

105.8

64.0

7.7

1.89

12.70

** Previously reported interval.

Previously reported drill hole 09 OKC-204, which contains 95.6 m of 1.46 g/t Au and 10.2 m of 9.80 g/t Au (Otis December 16, 2009 News Release), has been included in Table 1 because of its direct spatial association with the above holes.

With this News Release, Otis has now announced assay results on all 15 of the Company’s completed 2008 – 2009 Kilgore drill holes, all which contain substantial intervals of gold mineralization. A detailed review of Table 2 below reveals that many of these holes contain significant bulk-tonnage intercepts, all in the Mine Ridge area, with thicknesses of between 50-metres and nearly 120-metres, and with average grades generally ranging between 1 and 6 g/t Au. Visible gold is present in high-grade veins associated with dikes interspersed in the bulk-tonnage mineralization in a number of the holes (08 0KC-191, 193, and 194, and 09 OKC-197, 199, 204, and 206).

All holes were drilled in the Mine Ridge area, the core of the existing Kilgore deposit, to infill previously untested areas and test for thick intercepts of bulk-tonnage mineralization. This area was only partially drill-tested on relatively wide-spaced intervals by Bear Creek, Pegasus Gold, Placer Dome U.S., and Echo Bay Mines between 1983 and 1996, while exploring the property for a bulk-tonnage gold deposit (Otis June 10, 2008 News Release).

Locations of the final five holes, which total 1,386 metres of drilling, and their corresponding assay intercepts, are shown in a drill-hole location map and two geologic sections available on the Otis Gold Corp. website at www.otisgold.com/projects/kilgore/.

The north-trending section through the Mine Ridge area shows a roughly 50-metre thick or greater section of mineralization that remains open in numerous directions. The west-trending section located normal to the southern end of the north-trending section reveals mineralization roughly 60 metres below the surface that is up to nearly 120-metres thick, 170-metres wide, and remains open in various directions. Further expansion drilling is planned in these areas and as final in-fill and extension work during 2010. This upcoming drilling, which constitutes 6,000 metres of core drilling in the Kilgore resource area and an additional 2,000 metres of RC drilling to test CSAMT anomalies under the sinter cap at the nearby Dog Bone Ridge gold target area (Otis February 9, 2010 News Release), is currently in the planning and permitting stages.

Table 2 lists the assay results of all of Otis’ 2008 – 2009 Kilgore Gold Project drill holes:

Table 2. Otis Kilgore Gold Project 2008 – 2009 Significant Drill-Hole Intercepts

Hole Number

From

(m)

To

(m)

Thickness

(m)

Au g/t

08 OKC-191

Includes

41.8

41.8

63.6

73.1

95.4

97.2

43.1

65.6

81.4

97.2

55.4

1.3

2.0

8.3

1.8

6.15

60.53

4.64

13.09

54.15

08 OKC-192

Includes



28.0

37.2

89.0

89.0

89.0

38.7

38.7

103.6

92.9

91.1

10.7

1.5

14.6

3.9

2.1

1.32

7.71

2.27

6.07

9.05

08 OKC-193

Includes

79.6

79.6

128.9

132.0

134.6

81.9

134.6

134.6

55.0

2.3

5.7

2.6

1.46

8.24

3.33

24.18

08 OKC-194

25.8

186.8

26.8

192.9

1.0

6.1

3.43

54.69

09 OKC-195

Includes




29.8

39.5

140.8

154.5

178.9

191.1

50.2

48.7

142.3

165.5

180.4

194.2

20.4

9.2

1.5

11.0

1.5

3.1

0.77

1.12

1.29

1.15

1.17

1.06

09 OKC-196



44.1

158.9

168.2

228.0

57.0

160.6

170.5

229.0

12.9

1.7

2.3

1.0

0.66

1.31

1.15

1.34

09 OKC-197

Includes



101.2

161.8

161.8

169.4

186.0

186.0

180.0

172.2

84.8

24.2

18.2

2.8

1.37

2.84

3.37

9.15

09 OKC-198

Includes



55.8

68.6

68.6

71.6

71.6

137.2

164.3

57.2

166.1

123.4

99.1

74.4

144.9

166.1

1.4

97.5

54.8

27.5

2.8

7.7

1.8

1.34

0.83

1.14

1.61

8.80

1.04

1.19

09 OKC-199

Includes


29.6

55.5

65.5

89.3

89.3

164.7

30.9

174.3

105.8

105.8

98.8

174.3

1.3

118.8

40.3

16.5

9.5

9.6

2.11

0.75

1.32

2.43

11.60

1.74

09 OKC-200

Includes


74.4

98.1

114.9

75.9

151.2

131.2

1.5

53.1

16.3

1.22

0.76

1.41

09 OKC-201 Lost hole – abandoned at 96.6 m – didn’t reach intended target depth

09 OKC-202



43.3

89.0

99.7

217.0

54.0

90.5

118.0

218.5

10.7

1.5

18.3

1.5

1.02

1.19

0.78

1.03

09 OKC-203



14.3

29.6

40.2

61.6

18.9

31.1

46.3

69.2

4.6

1.5

6.1

7.6

0.80

1.63

1.39

0.65

09 OKC-204

Includes



60.0

61.9

66.8

73.7

155.6

77.0

77.0

77.0

95.6

15.1

10.2

3.3

1.46

6.84

9.80

29.74

09 OKC-205

Includes





73.4

120.4

166.4

193.9

209.1

259.4

364.5

123.4

123.4

169.5

200.0

247.2

265.5

366.0

50.0

3.0

3.1

6.1

38.1

6.1

1.5

1.02

8.42

1.30

1.07

1.07

2.19

1.18

09 OKC-206

Includes

58.5

98.1

122.5

105.8

64.0

7.7

1.89

12.70

Note: 4 core holes drilled 2008 and 12 core holes drilled 2009.

Analysis and Otis QA/QC Program

All assay work was performed by ALS Chemex Labs, Vancouver, B.C., which has ISO 9001:2008 quality management system certification and ISO 17025:2005 Vancouver Lab technical capability accreditation. A 50-gram pulp of all samples was assayed for gold by Fire Assay/AA finish methods. Certified reference materials, duplicates, and blanks were inserted into the sample stream for quality control. Check assays on pulps were carried out on approximately 7% of the samples by Inspectorate Labs, Reno, Nevada, with all check assay values found to be within acceptable limits.

True bulk-tonnage widths are estimated to be between 95% and 100% of the drilled interval, based on their estimated dip and continuity of mineralization between drill holes. The HQ3-size core drilling was performed by Cabo Drilling (America), Blaine, Washington, employing a Boyles Hydra 56 – Pac Track core rig outfitted with a triple-tube core recovery system and face-discharge bits.

John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

Stock Option Grants

The Company also advises that up to 850,000 common share stock options having an exercise price of $.45 per common share will be granted to various directors, officers and consultants of the Company. These options will be granted in accordance with the terms of the Company’s 10% rolling Stock Option Plan approved on November 19, 2009 and the Policies of the TSX Venture Exchange.

About the Company

Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho and Nevada, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, Clark County, Idaho.

ON BEHALF OF THE BOARD

Craig T. Lindsay”

President and CEO

For additional information, please contact:

Craig Lindsay

Tel: 604.683.2507

E-mail: craig@otisgold.com

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Otis Discovers Significant CSAMT Anomalies Underlying Kilgore’s Dog Bone Ridge Gold Target Area

Tuesday, February 9th, 2010
February 9, 2010
OOO (TSX-V)

Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce the results of a recent Controlled-Source Audio-Frequency Magnetotellurics (“CSAMT”) geophysical survey that indicates the presence of numerous sizeable and geologically significant resistivity anomalies underlying the Dog Bone Ridge gold target area located at the Kilgore Gold Project, Clark County, Idaho. The target area, which has only been minimally tested by historic drilling, is located approximately 1,200 meters southwest of the known Kilgore gold deposit and comprises most of the core of the larger epithermal system containing the deposit (see Otis June 10, 2008 and March 2, 2009 News Releases). Of the five CSAMT anomalies detected by the survey, only three have been initially tested by historic drilling, with all drill holes in these three anomalies containing significant intercepts of gold mineralization (detailed below).

Based on the lack of drilling and the fact that the anomalies are sizeable (upwards of 1,200 meters in length), a 2,000-meter, 6-hole drill program is planned to test the highest priority anomalies and offset some of the known historic drill-hole intercepts during the 2010 field season. Permitting for this drilling with the U.S. Forest Service, Targhee National Forest, is in process. This drilling is part of a larger 8,000-meter drill program planned for the Kilgore Gold Project in 2010.

The Dog Bone Ridge gold target comprises an extensive area of 242 hectares mostly overlain by an apron of Pliocene-age hot-spring sinter and explosion breccia that caps lithic tuff, the same rock unit that hosts the Company’s nearby Kilgore gold deposit. Of the three CSAMT anomalies associated with historic and significant drill-hole intercepts, the most northerly (Target C1) coincides with Kilgore Gold Company drill holes KG04-02 containing 51.8 m @ 1.25 grams/tonne (“g/t”) gold (“Au”) (see Kilgore Gold Company September 7, 2004 News Release) and KG06-01 with 12.6 m @ 1.57 g/t Au (Otis internal data archives). Within the hole KG04-02 intercept a higher-grade intercept of 3.1 m @ 15.9 g/t Au was reported that coincides directly with the slightly higher resistive core of the anomaly, possibly reflecting a silicified structure. The second, or central, CSAMT anomaly (Target D3) associated with historic drill-hole intercepts coincides with Echo Bay core hole 96EKC-178 that contains 99.4 m @ 0.428 g/t Au and further contains within this intercept higher grade intercepts of 4.6 m @ 2.57 g/t Au, 10.7 m @ 1.51 g/t Au, and 3.1 m @ 2.57 g/t Au (Otis internal data archives). Gold mineralization in these holes is hosted within silicified lithic tuff.

The survey was conducted using a 50-meter electric-field receiver dipole in spreads consisting of four electric-field dipoles with a magnetic-field antenna located in the center of the spread. The data was acquired in the broadside mode of operation with the electric-field dipoles oriented along the survey line and parallel to the transmitter dipole. The magnetic antenna was oriented perpendicular to the survey line. One CSAMT transmitter of a grounded dipole configuration was used for the survey. The survey was conducted to search for low to moderate resistivity bodies containing higher resistivity cores near or associated with structures that may have acted as conduits for gold mineralization.

The CSAMT survey was conducted by Zonge Geosciences Inc., Sparks, Nevada, between October 19th and October 27th 2009 and consisted of data acquisition from six N45E-oriented survey lines for a total of 8.5 line-kilometers of coverage. Detailed geophysical interpretation of the CSAMT survey data was conducted by James L. Wright of J. L. Wright Geophysics, Spring Creek, Nevada, during the latter half of December 2009 and was presented in a report to Otis dated December 29, 2009.

A detailed location map of the CSAMT survey grid lines and resultant anomalies, along with the historic drill-hole intercepts associated with these targets, can be found on the Otis website at http://www.otisgold.com/projects/kilgore/. Although a few additional and widely scattered historic holes were drilled in the Dog Bone Ridge target area, they either were not drilled deep enough to reach the newly discovered CSAMT anomalies or they were angled away from and/or off the flanks of them, missing them completely.

John R. Carden, Ph.D., P. Geo., a Qualified Person (QP) as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

About the Company

Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho and Nevada, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho.

ON BEHALF OF THE BOARD

“Craig T. Lindsay”
President and CEO

For additional information, please contact:

Craig Lindsay
Tel: 604.683.2507
E-mail: craig@otisgold.com
Mike Belantis
Tel: 403.701.7299
Email: mike@otisgold.com

Neither 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 press release, which has been prepared by management.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Otis Gold Samples 16.5 Metres Grading 237 G/T Silver at Buckhorn Property

Thursday, December 17th, 2009
December 17, 2009
OOO (TSX-V)

Vancouver, B.C. – (“Otis” or the “Company”) is pleased to announce that it has received the results of a trench sampling program at its Buckhorn Silver Property located 36 miles south of Salmon, Idaho. The trench is cut across the strike of a 2.7-km-long range-front fault structure. Chip-channel samples were cut normal to the strike of the gossanous structure and analyzed for silver and base metals. Highlights of the sampling include 16.5 m grading 236.6 grams per tonne silver (g/t Ag), further including a 5.8 m section assaying 462.9 g/t Ag.

Based on this sampling program and the results of the magnetic survey, the Company has recently staked an additional 21 claims (bringing its claim total to 41) and acquired an Idaho state lease along the range-front fault, bringing the total area under control to 340 hectares. The Company is in the process of permitting a series of drill holes that will be placed along the structure that controls mineralization.
The Buckhorn Property is a precious and base metal manto or Leadville-type replacement target that could contain significant grades of primary mineralization below the zone of oxidation. A Tertiary intrusive stock, cropping-out on the property, may have acted as a heat engine for the emplacement of mineralizing hydrothermal fluids along the strike of the fault.

Otis Chief Geologist Mitch Bernardi states: “This sampling program now confirms Otis’ initial grab samples that contain up to 900 g/t silver with substantial lead and zinc credits. The mapped range-front fault structure seems to control the mineralization extending away from the 360 metres of underground workings that exist at the core of the property.”

Otis’ geochemical samples were collected and submitted to the ISO accredited laboratories ALS Chemex and American Assay Labs for base and precious metal analysis. Silver was analyzed by fire assay with an AA finish.

Additionally, Otis reports that it is currently drilling its 12th hole at the Company’s ongoing Kilgore Gold Project, Clark County, Idaho. To date in 2009, a total of 3,100 metres of drilling has been completed. Drill results are being released as they are received, analyzed, and interpreted (Otis Gold Corp. News Release dated December 15, 2009).

John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

About the Company

Otis currently owns five precious metal projects located in Idaho and Nevada, two of which (the Kilgore Gold Project and the Oakley Gold Project) contain National Instrument Policy 43-101 compliant resources totaling in excess of 700,000 ounces of gold.

ON BEHALF OF THE BOARD

“Craig T. Lindsay”
President and CEO

For additional information, please contact:

Craig Lindsay
Tel: 604.683.2507
E-mail: craig@otisgold.com
Mike Belantis
Tel: 403.701.7299
Email: mike@otisgold.com

Neither 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 press release, which has been prepared by management.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Otis Drills High Grade and Bulk Tonnage Intercepts at Kilgore

Wednesday, December 16th, 2009
December 16, 2009
OOO (TSX-V)

Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce significant drill results comprising both high-grade, underground and bulk-tonnage, open-pittable intercepts from the first seven assayed core holes of its ongoing 2009, 12-core hole, 3,100-metre, Kilgore Gold Project (“Kilgore”) drill program, Clark County, Idaho. Highlights of the seven drill holes, listed in Table 1 below, include high-grade intercepts of 9.5 metres (m) of 11.6 grams per tonne gold (g/t Au) in hole 09 OKC-199 and 10.2 m of 9.8 g/t Au in 09 OKC-204, and bulk-tonnage intercepts of 84.8 m of 1.37 g/t Au in 09 OKC-197 and 95.6 m of 1.46 g/t Au in 09 OKC-204. All seven holes contain numerous intervals of anomalous gold mineralization, with many of the bulk-tonnage intercepts between 50-metres and 120-metres thick (see Table 2 below for further details).

Table 1. Otis Kilgore Gold Project 2009 Drill Program Highlights
Hole Number From (m) To (m) Thickness (m) Au g/t
09 OKC-197 101.2 186.0 84.8 1.37
Includes 161.8 180.0 18.2 3.37
09 OKC-198 68.6 166.1 97.5 0.83
Includes 71.6 99.1 27.5 1.61
Includes 71.6 74.4 2.8 8.80
09 OKC-199 55.5 174.3 118.8 0.75
Includes 89.3 98.8 9.5 11.6
09 OKC-204 60.0 155.6 95.6 1.46
Includes 66.8 77.0 10.2 9.80

The results from these new holes confirm the presence of: (1) high-grade intercepts in high-angle, north- to northeast-trending quartz vein/stockwork breccia zones cutting an extensive and relatively flat-lying 45-metre-thick argillized structural zone where diking occurs, generally from 45-metres to 100-metres deep throughout the Mine Ridge area (9.5 m of 11.6 g/t Au in 09 OKC-199 and 10.2 m of 9.8 g/t Au in 09 OKC-204); (2) deeper, high-grade material at and along the Tertiary volcanic host rock/underlying Cretaceous Aspen sedimentary host rock contact near and at the base of the deposit, where diking occurs (2.8 metres of 9.15 g/t Au and 18.2 m of 3.37 g/t Au in 09 OKC-197); and (3) widespread, bulk-tonnage intercepts throughout the Mine Ridge area, that contain most of the high-grade intercepts (84.8 m of 1.37 g/t Au in 09 OKC-197 and 95.6 m of 1.46 g/t Au in 09 OKC-204). Visible gold was found in high-grade veins associated with dikes in three of the holes, 09 0KC-197, 199, and 204. Most of the new intervals contain mineralized thicknesses and average grades which are noticeably greater than those constituting the majority of the intervals comprising the historic Kilgore NI 43-101 compliant resource (Otis March 2, 2009 News Release). As a result, Otis believes that a strong possibility exists to increase the overall size, grade, and economic viability of the Kilgore bulk-tonnage deposit.

All holes were drilled in the Mine Ridge area, the core of the existing Kilgore deposit, to test for zones of high-grade mineralization contained within the Kilgore NI 43-101 compliant bulk-tonnage resource (Otis March 2, 2009 News Release). This area was only partially drill-tested by Bear Creek, Pegasus Gold, Placer Dome U.S., and Echo Bay Mines between 1983 and 1996, while exploring the property for a bulk-tonnage gold deposit (see Otis News Release dated June 10, 2008).

Locations of the seven holes, which total 1,737 metres of drilling, and their corresponding assay intercepts, are shown in a drill-hole location map and two geologic sections available on the Otis Gold Corp. website at http://www.otisgold.com/projects/kilgore/. The north-trending section through the Mine Ridge area shows a roughly 70-metre thick or greater section of mineralization that remains open in numerous directions. The west-trending section located normal to the southern end of the north-trending section reveals mineralization roughly 60 metres below the surface that is up to nearly 120-metres thick, 170-metres wide, and remains open in various directions. Further expansion drilling is planned in these areas during 2010.

Table 2 below provides further detailed results of the seven holes:

Table 2. Otis Kilgore Gold Project 2009 Drill Program Intercepts
Hole Number From (m) To (m) Thickness (m) Au g/t
09 OKC-195 29.8 50.2 20.4 0.77
Includes 39.5 48.7 9.2 1.12
  140.8 142.3 1.5 1.29
  154.5 165.5 11.0 1.15
  178.9 180.4 1.5 1.17
  191.1 194.2 3.1 1.06
09 OKC-196 44.1 57.0 12.9 0.66
  158.9 160.6 1.7 1.31
  168.2 170.5 2.3 1.15
  228.0 229.0 1.0 1.34
09 OKC-197 101.2 186.0 84.8 1.37
Includes 161.8 186.0 24.2 2.84
Includes 161.8 180.0 18.2 3.37
Includes 169.4 172.2 2.8 9.15
09 OKC-198 55.8 57.2 1.4 1.34
  68.6 166.1 97.5 0.83
Includes 68.6 123.4 54.8 1.14
Includes 71.6 99.1 27.5 1.61
Includes 71.6 74.4 2.8 8.80
  137.2 144.9 7.7 1.04
  164.3 166.1 1.8 1.19
09 OKC-199 29.6 30.9 1.3 2.11
  55.5 174.3 118.8 0.75
Includes 65.5 105.8 40.3 1.32
Includes 89.3 105.8 16.5 2.43
Includes 89.3 98.8 9.5 11.6
  164.7 174.3 9.6 1.74
09 OKC-200 74.4 75.9 1.5 1.22
  98.1 151.2 53.1 0.76
Includes 114.9 131.2 16.3 1.41
09 OKC-204 60.0 155.6 95.6 1.46
Includes 61.9 77.0 15.1 6.84
Includes 66.8 77.0 10.2 9.80
Includes 73.7 77.0 3.3 31.8

Analysis and Otis QA/QC Program

All assay work was performed by ALS Chemex Labs, Vancouver, B.C., which has ISO 9001:2000 certification and operates in compliance with ISO 17025. A 50-gram pulp of all samples was assayed for gold by Fire Assay/AA finish methods. Certified reference materials, duplicates, and blanks were inserted into the sample stream for quality control. Check assays on pulps were carried out on approximately 7% of the samples by Inspectorate Labs, Reno, Nevada, with all check assay values found to be within acceptable limits.

True widths are estimated to be between 80% and 100% of the drilled interval, based on their estimated dip and continuity of mineralization between drill holes. The HQ3-size core drilling is being performed by Cabo Drilling (America), Blaine, Washington, employing a Boyles Hydra 56 – Pac Track core rig outfitted with a triple-tube core recovery system and face-discharge bits.

John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

About the Company

Otis currently owns five precious metal projects located in Idaho and Nevada, two of which (the Kilgore Gold Project and the Oakley Gold Project) contain National Instrument Policy 43-101 compliant resources totaling in excess of 700,000 ounces of gold.

ON BEHALF OF THE BOARD

“Craig T. Lindsay”
President and CEO

For additional information, please contact:

Craig Lindsay
Tel: 604.683.2507
E-mail: craig@otisgold.com
Mike Belantis
Tel: 403.701.7299
Email: mike@otisgold.com

Neither 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 press release, which has been prepared by management.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Otis Gold Closes Forced Conversion of Warrants

Friday, November 13th, 2009
November 13, 2009
OOO (TSX-V)

Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce that it is issuing 4,829,000 common shares for gross proceeds of $1,690,150. The common shares are being issued subject to the terms of forced conversion notices sent to certain warrant holders on October 2, 2009, pursuant to the terms of warrants issued as part of a unit private placement completed in July 2009. No warrants were left unexercised, and there were no placement fees associated with this financing. The proceeds of the warrant conversion will be used for general working capital purposes.

Craig Lindsay, President and CEO of Otis stated: “The exercise of these warrants, combined with the recent closing of the private placement announced on November 2, 2009, generated gross proceeds of $4.1 million. Otis is now fully funded for our planned 2010 work programs, and well-positioned to aggressively advance our gold and silver projects.”

About the Company

Otis currently owns five precious metal projects located in Idaho and Nevada, two of which (the Kilgore Gold Project and the Oakley Gold Project) contain National Instrument Policy 43-101 compliant resources totaling in excess of 700,000 ounces of gold.

ON BEHALF OF THE BOARD

“Craig T. Lindsay”
President and CEO

For additional information, please contact:

Craig Lindsay
Tel: 604.683.2507
E-mail: craig@otisgold.com
Mike Belantis
Tel: 403.701.7299
Email: mike@otisgold.com

Neither 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 press release, which has been prepared by management.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Otis Gold Closes Private Placement

Monday, November 2nd, 2009
November 2, 2009
OOO (TSX-V)

Vancouver, B.C. – Otis Gold Corp. (the “Otis”) wishes to announce it has closed its non-brokered private placement and has issued 3,744,539 units at a price of $0.65 per unit, for aggregate gross proceeds of $2,433,950.12. Each unit consists of one common share and one half of one share purchase warrant. One full warrant is required to purchase an additional common share for two years, for $0.90 in year one and $1.25 in year two. The net proceeds from this private placement will be used for general working capital purposes.

Finders fees of $114,862.51 have been paid in cash to qualified parties.

All securities issued have a hold period expiring February 28, 2010.

About the Company

Otis currently owns five precious metal projects located in Idaho and Nevada, two of which (the Kilgore Gold Project and the Oakley Gold Project) contain National Instrument Policy 43-101 compliant resources totaling in excess of 700,000 ounces of gold.

ON BEHALF OF THE BOARD

“Craig T. Lindsay”
President and CEO

For additional information, please contact:

Craig Lindsay
Tel: 604.683.2507
E-mail: craig@otisgold.com
Mike Belantis
Tel: 403.701.7299
Email: mike@otisgold.com

Neither 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 press release, which has been prepared by management.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Otis Gold to Commence CSAMT Geophysical Survey on Kilgore Dog Bone Ridge Gold Target

Wednesday, October 21st, 2009

October 21, 2009 OOO (TSX)

Vancouver, B.C.Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce that it has received final approval from the U.S. Forest Service regarding the Company’s Notice of Intent to conduct an 8.5-line-km Controlled-Source Audio-Frequency Magnetotellurics (“CSAMT”) geophysical survey over its “Dog Bone Ridge” target, Kilgore Gold Project (“Kilgore”), Clark County, Idaho. This area, which comprises Otis’ second main gold target at Kilgore, is located 1.2 kilometers southwest of the Company’s 3,000- to 3,700-meter drilling campaign that is currently in progress to expand its “Mine Ridge” deposit. The new survey is slated to be conducted over an incompletely explored, volcanic-hosted setting, obscured by a sinter blanket and explosion breccia, which comprises the core of the Kilgore epithermal system and caps the paleosurface. This high-resolution geophysical survey is designed to explore a suspected northwest-striking fault system below the silica-rich cap rock where lithic lapilli tuff, identical to that hosting the Mine Ridge deposit, is known to exist.

The CSAMT survey will be conducted over a 2.6 square kilometer area covering what has been referred to as “Dog Bone Ridge,” where widely scattered historic drilling was successful in encountering significant thicknesses of rock containing gold mineralization below the sinter cap. As an example, a 2004 core hole, KG 04-2, encountered 51.8 meters @ 1.25 gpt Au, including 3 meters grading 14.5 gpt Au.

Otis Chief Geologist Mitch Bernardi states: “In the past, drilling by predecessor companies was hindered by the presence of a 40-m thick capping sinter blanketing the area and obscuring the mineralization known to exist in the underlying lithic tuff host rock. This survey will give us the tools to intelligently interpret the structure responsible for mineralization concealed underneath the sinter cap and target the areas most likely to contain ore-grade gold mineralization.

The Company expects that this new geophysical survey will reveal zoning, intrinsic to many high-level hydrothermal systems, where high-resistivity silicified feeders and structures, often accompanied by gold, are zoned outward to low-resistivity envelopes characteristic of argillic and propyllitic alteration assemblages. This survey will increase Otis’ potential of discovering additional gold mineralization in this portion of the fully intact hydrothermal system, which has historically not been systematically or consistently explored.

Zonge Geosciences Inc., Sparks, Nevada, will conduct the CSAMT survey slated to commence October 22, 2009, with results to be released in November after Otis geologists interpret the data. The Company plans to permit and commit several drill holes on identified anomalies at “Dog Bone Ridge,” to determine whether a second deposit containing ore-grade gold may exist under the silica apron. The proposed drilling will take place as part of the continuation of the Company’s planned 2010 definition-drilling program. Otis Gold is approximately halfway through its planned 2009 drilling program at Mine Ridge.

Between 1983 and 1996, a total of 122,257 feet of drilling in 190 holes was conducted on the Kilgore deposit by Bear Creek, Placer Dome U.S., Pegasus Gold, and Echo Bay Mines with the goal of defining a +1 million ounce bulk-tonnage, open-pittable gold deposit. A number of 43-101 non-compliant resource estimates were computed on the bulk-tonnage mineralization by Placer Dome U.S. and Echo Bay Mines. These estimates indicate a global resource of between 561,000 and 706,000 ounces of gold contained in the deposit depending on the cutoff grade used and the Company conducting the estimate (see Otis News Release dated June 10, 2008). These estimates, which are based on the above noted drilling, are mentioned for historic and reference purposes only, the issuer is not treating them as current mineral resources, and they are not to be relied upon. Subsequent to these estimates, in 2002 Rayner and Associates and Van Brunt conducted a NI 43-101 compliant resource estimate on the Kilgore bulk-tonnage deposit. Their estimate comprises 218,000 ounces of indicated gold (7.043 MM tons @ 0.031 opt Au, 0.010 Au cutoff) and 269,000 ounces of inferred gold (9.661 MM tons @ 0.028 opt Au, 0.010 opt Au cutoff).

John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

About the Company

Otis currently owns five precious metal projects located in Idaho and Nevada, two of which (the Kilgore Gold Project and the Oakley Gold Project) contain National Instrument Policy 43-101 compliant resources totaling in excess of 700,000 ounces of gold. Otis can earn up to a 75% interest in the Kilgore property by fulfilling the terms of an agreement dated June 4, 2008 between Otis and its joint venture partner.

ON BEHALF OF THE BOARD

“Craig T. Lindsay”
President and CEO

For additional information, please contact:

Craig Lindsay
Tel: 604.683.2507
E-mail: craig@otisgold.com
Mike Belantis
Tel: 403.701.7299
Email: mike@otisgold.com

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN..

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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