Otis Gold Joins OTCQX

May 2, 2011

Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce the shares in Otis Gold began trading today on the OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

“The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome Otis Gold Corp. to OTCQX.”

“As a Canadian based company with its flagship project based in the United States, OTCQX is a logical step to take in order to make it easier for US investors to participate in Otis Gold and specifically in the development of the Kilgore Gold Project in Idaho.” States Craig Lindsay, President of Otis Gold Corp. “Approximately 15% of our shareholder base is located in the US, we’d like to increase that substantially in the coming years”.

Dorsey & Whitney LLP will serve as Otis Gold’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing guidance on OTCQX requirements.

About Otis Gold Corp.

Otis Gold Corp. (TSX.V: OOO; OTCQX: OGLDF) trades in the United States on OTCQX under the symbol “OGLDF”. 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, located in Clark County, Idaho.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

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

Neither the 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 release.

The forward-looking information contained in this press release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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.