Otis Gold Announces Granting of Stock Options

August 31, 2009

Vancouver, B.C. - Otis Gold Corp. (the “Company”) advises 400,000 stock options having an exercise price of $0.40 per common share have been granted to various directors, officers and consultants of the Company. The options have been granted in accordance with the terms of the Company’s 10% rolling Stock Option Plan approved on November 21, 2008 and the Policies of the TSX Venture Exchange.

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:
Tel: 604.683.2507 Fax: 604.683.2506
#350 - 409 Granville Street, Vancouver, B.C., V6C 1T2
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.