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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
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Otish Energy Commences Work Program on Purini Gold Project, Guyana

23/02/2011 1:06pm

Marketwired Canada


Otish Energy Inc. (the "Company") (TSX VENTURE:OEI) is pleased to announce its
wholly owned Guyana subsidiary, Otish Gold (Guyana) has commenced phase one of
the exploration program on its 6 (six) contiguous land blocks totaling
approximately 9000 acres in the Mazaruni Mining District No. 3, Guyana.


Otish has hired Martin David Zambrano Gutierrez of Peru to oversee the work
program. Mr Gutierrez is an Exploration Geologist with more than 10 years
experience, working with well-known Mining and Geotechnics companies in Peru and
Guyana. Mr Gutierrez is a member of SEG (Society of Economic Geologists) since
January 2009.


The Company has set up two camps; a crew of eighteen persons has been hired,
inclusive of cooks, line cutters & GPS technicians. Program activities should
take approximately two months, inclusive of line cutting, soil sampling,
geological mapping, channel sampling of the quartz veins and saprolite
trenching. The Company will be purchasing data from a previously flown airborne
geophysical survey. The Company anticipates delineating drill targets by late
spring 2011.


A NI 43-101 Technical Report has been filed for the Purini Project on
www.sedar.com and the Company's website www.otishenergyinc.com. The report
provides the first detailed summary of the geology, history and exploration of
the Purini Property. 


The NI 43-101 Technical Report for the Purini Project was completed by Ulrich H.
Kretschmar PhD, PGeo., of Orillia, Ontario. Mr Kretschmar is a Qualified Person
for the purpose of Canadian NI 43-101, Standards of Disclosure for Mineral
Projects.


The author collected 15 samples of saprolite, alluvium. Sluice box tailings,
black sand, and bedrock quartz veins with visible gold from the property. The
quartz veins returned assays of 40.5 oz gold/ton (1390 g/t), 61.1 oz/ton (2090
g/t), 216 oz/ton (7389 g/t), and 414 oz/ton (14794 g/t) while sluice box
tailings returned 0.88 oz Au/t (27.7 g/t) and 0.91 oz Au/t (34.2 g/t).


Benoit Moreau, P. Eng. Vice President, Exploration for Otish Energy, is a
qualified person (as such is defined in National Instrument 43-101) and is
responsible for the geological information presented herein.


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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