OOO Otis Gold Corp

Otis Gold Corp. ("Otis" or "the Company") (TSX VENTURE:OOO)(OTCQX:OGLDF) wishes
to announce that it has closed the previously announced non-brokered private
placement and has issued 6,300,000 units ("Units") at a price of $0.05 per Unit,
for aggregate gross proceeds of $315,000. Each Unit consists of one common share
and one non-transferable common share purchase warrant (a "Warrant"). Each
Warrant may be exercised by the holder to purchase an additional common share of
the Company, at a price of $0.10 for 18-months from closing. All funds are in
Canadian dollars. The net proceeds from this private placement will be used for
general working capital purposes. Finder's fees of $4,050 have been paid in cash
and 81,000 finders warrants have been issued to qualified parties. 


The Company's President and CEO, Mr. Craig Lindsay, subscribed for 1.0 million
of these units. 


On an unrelated matter, the Company announces the resignation of Mr. Norm
Eyolfson from the board of directors. Mr. Eyolfson has resigned to pursue other
activities. The Company thanks Mr. Eyolfson for his tireless work on behalf of
the Company, and wishes him well in his future endeavors.


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 & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in
the policies of the 

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.


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 "US Securities Act") or any State securities laws, and may not be
offered or sold within the United States or to US Persons unless registered
under the US Securities Act and applicable State securities laws, or an
exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Otis Gold Corp.
Craig Lindsay
(604) 683-2507
craig@otisgold.com

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