OOO Otis Gold Corp

Otis Gold Corp. (TSX VENTURE:OOO)(PINK SHEETS:OGLDF) ("Otis" or "the Company")
wishes to announce it has closed the second and final tranche of the
non-brokered private placement announced October 18, 2010 and has issued 460,000
units at a price of $0.55 per unit, for aggregate gross proceeds of $253,000.
Each unit will consist of one common share and one share purchase warrant. Each
warrant will be exercisable to purchase one additional common share of the
Company for 18 months from closing, at a price of $0.80 per share. The net
proceeds from this private placement will be added to working capital. Finder's
fees of $25,200 have been paid in cash to qualified parties. All securities
issued have a hold period expiring July 9, 2011.


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

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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