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OEI Otish Energy Inc.

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Share Name Share Symbol Market Type
Otish Energy Inc. TSXV:OEI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Otish Energy Commences Phase II Work Program on Puruni Gold Project, Guyana

12/05/2011 2:30pm

Marketwired Canada


(the "Company") (TSX VENTURE:OEI) is pleased to announce its wholly owned Guyana
subsidiary Otish Gold (Guyana) Inc. has commenced the second phase of the
exploration on the Puruni Gold Project comprising six contiguous land blocks
totaling approximately 9000 acres in the Mazaruni Mining District No. 3, Guyana.


Five zones on the Puruni property have been identified as prospective for gold
based on the results of recently completed saprolite (weathered bedrock)
sampling and soil gas hydrocarbon (SGH) surveys (Otish Press Release - April 12,
2011). Two zones with the best SGH responses also returned anomalous gold values
from saprolite samples up to a maximum of 4.0 grams per tonne. The Company
intends to collect approximately 1000 samples from these two zones. Otish also
intends to commence a deep channel sampling and trenching program in the
prospective areas to further define drill targets.


Otish has hired Martin David Zambrano Gutierrez of Peru to oversee the work
program. Mr. Gutierrez is an exploration geologist with more than ten years
experience, working with several well-known mining and geotechnical companies in
Peru and Guyana. Mr. Gutierrez has been a member of Society of Economic
Geologists since January 2009.


Mark Fekete, PGeo., a designated qualified person as defined in Section 1.2 in
and for the purposes of National Instrument 43-101, has reviewed the technical
content of this press release.


On Behalf of the Board of Otish Energy Inc.

"Steve Smith", President

This news release may contain forward-looking statements based on assumptions
and judgments of management regarding future events or results. Such statements
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements. The Company disclaims any intention or obligation to
revise or update such statements.


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