OOO Otis Gold Corp

Otis Gold Corp. ("Otis" or the "Company") (TSX:OOO)(PINK SHEETS:OGLDF) is
pleased to announce a non-brokered private placement of up to 4,000,000 units at
a price of $0.55 per unit, for aggregate gross proceeds of up to CDN$2,200,000.
Each unit will consist of one common share and one transferable common share
purchase warrant (each whole such purchase warrant being a "Warrant"). Each
Warrant will be exercisable to purchase one common share of the Company for 18
months, at a price of $0.80 per share.


The net proceeds from this private placement will be used for general working
capital purposes. Commissions or finder's fees may be paid to qualified entities
up to the rates allowed by the TSX Venture Exchange. The financing is subject to
the approval 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. The Company is currently
developing its flagship property, the Kilgore Gold Project, Clark County, Idaho
and has several other gold, silver and base metal projects located in 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.

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