OOO Otis Gold Corp

Otis Gold Corp. (TSX VENTURE:OOO)(PINK SHEETS:OGLDF) ("Otis" or the "Company")
wishes to announce that is has increased the size of its previously announced
$3,010,000 private placement up to $4,050,000, and will now issue up to
5,771,429 units at a price of $0.70 per unit. Each unit will consist of one
common share and one half 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 $1.10 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

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.

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