OOO Otis Gold Corp

Otis Gold Corp. (TSX VENTURE:OOO) ("Otis" or "the Company") wishes to announce
it has closed its non-brokered private placement and has issued 5,780,557 units
at a price of $0.70 per unit, for aggregate gross proceeds of $4,046,390. Each
unit will consist of one common share and one-half of one share purchase warrant
(each whole share purchase warrant being a "Warrant"). Each Warrant will be
exercisable to purchase one additional common share of the Company for 18 months
from closing, at a price of $1.10 per share. The net proceeds from this private
placement will be used for general working capital purposes. Finder's fees of
$209,985 have been paid in cash and 131,186 finders warrants have been issued to
qualified parties. All securities issued have a hold period expiring June 25,
2011.


Additionally, Otis announces that 800,000 stock options having an exercise price
of $0.70 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 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.


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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