Otis Capital appoints Dr. Don E. Ranta as a member of the Board of Directors

September 16, 2008

September 16, 2008

VANCOUVER, B.C. - Otis Capital Corp. (“Otis Capital” or the “Company”) is pleased to announce the appointment of Dr. Donald E. Ranta as a member of the Board of Directors.

Dr. Ranta is an exploration and development mining executive experienced in planning, implementing and directing successful exploration and acquisitions throughout North and South America and internationally. He is also a former president and board member of Society for Mining Metallurgy and Exploration and is currently the Vice President, Finance and board member of American Association of Mining, Metallurgical and Petroleum Engineers.

He has successfully directed and led innovative exploration efforts resulting in the discovery, evaluation and/or acquisition of several major deposits including Montana’s McDonald gold and Mexico’s Santa Gertrudis gold ore bodies. He has also participated in the acquisition or discovery of Baja California’s Paradones Amarillos, Idaho’, Kilgore, Montana’s Seven-Up Pete, Mexico’s Dolores gold-silver, Burkina Faso’s Youga gold and Russia’s Kuranakh gold deposits. In addition, has been a Vice President of Exploration for Echo Bay Mines and Manager/Vice President for North American Exploration at Phelps Dodge Mining Company. Dr. Ranta is currently President, CEO and Director of Rare Element Resources and a Director of Animas Resources Ltd.

Dr. Ranta joins Otis Capital’s senior geologic team comprised of Dr. John R. Carden, Mr. Mitch Bernardi and Mr. Laurence Pancoast. This team is significant as they represent the core of Echo Bay Mines successful US Exploration arm.

Additionally, the Company has granted 800,000 common share purchase options exercisable at a price of $0.50 per share to certain directors, officers and consultants pursuant to the Company’s Stock Option Plan.

ON BEHALF OF THE BOARD

“Craig T. Lindsay”
President

For additional information please contact:
Tel: 604.683.2507 Fax: 604.683.2506
# 350-409 Granville St., Vancouver, BC, V6C 1T2 T. 604.683.2507 F: 604.683.2506
craig@otiscapital.com

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