Otis Appoints Charles W. Reed as Director
April 12 2010 - 8:30AM
Marketwired
Otis Gold Corp. (TSX VENTURE: OOO)(PINK SHEETS: OGLDF) ("Otis" or
the "Company") is pleased to announce the appointment of Mr.
Charles W. ("Bill") Reed as a Director of the Company. Mr. Reed is
currently Vice President of Exploration for Paramount Gold and
Silver Corp. (AMEX and TSX: PZG). He has significant mining
experience in both Mexico and North America. From 1998 to 2004, he
held the position of Chief Geologist - Mexico for Minera Hecla S.A.
de C.V., a subsidiary of Hecla Mining (NYSE: HL). From 1993 to 1998
he was Regional Geologist in Mexico and Central America for Echo
Bay Exploration.
While at Hecla, Mr. Reed supervised detailed exploration at the
Noche Buena project, Sonora, and the San Sebastian silver and gold
mine, Durango. He also discovered and drilled the Don Sergio vein
that was later put into production. While at Echo Bay, Mr. Reed
identified the potential of the Dolores mining district in
Chihuahua, Mexico and recommended acquisitions that resulted in the
discovery of more than 44 million ounces of silver and 2.5 million
ounces of gold.
Mr. Reed holds a Bachelor of Science Degree in Mineralogy from
the University of Utah and is a Registered Professional Geologist
in the State of Utah. He also completed an Intensive Spanish
Program at Institute De Lengua Espanola, San Jose, Costa Rica
(1969).
"In addition to his familiarity with our flagship Kilgore Gold
project, the addition of Mr. Reed will substantially enhance our
ability to identify and evaluate new business opportunities as we
continue to grow our Company," stated Craig Lindsay, President
& CEO of Otis.
Dr. John R. Carden has resigned his position as a Director of
the Company due to health reasons, but will remain active and
committed on a full-time basis as a Consulting Geologist to Otis as
well as in an advisory capacity to the Board of Directors. Dr.
Carden, a founder and significant shareholder of Otis, has been,
and will continue to be, invaluable to the development of the
Company.
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
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.
The TSX Venture Exchange has neither approved or disapproved of
the contents herein.
Contacts: Otis Gold Corp. Craig Lindsay (604) 683-2507
craig@otisgold.com Otis Gold Corp. Kevin Arias (604) 683-2507 (604)
683-2506 (FAX) kevin@otisgold.com
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