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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
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Otish Samples up to 1940.0 Grams Per Tonne at Purini Project, Guyana

28/07/2011 2:36pm

Marketwired Canada


Otish Energy Inc. (the "Company") (TSX VENTURE:OEI) is pleased to announce rock
sample assay results from its wholly owned Puruni Gold Project in the Mazaruni
Mining District No. 3, Guyana.


Sample PRX-01 returned 1940.0 grams per tonne gold (gpt Au) or 56.8 ounces per
ton gold (opt Au). Sample PRX-02 returned 503.8 gpt Au (14.71 opt Au). Sample
PRX-03 returned 791.3 gpt Au (23.28 opt Au). The samples are selective grabs
taken from quartz boulders recently excavated from Zone A on the Puruni
Property. Zone A is marked by a strong induced polarization anomaly and a
coincident gold-in-soil geochemical anomaly.


The sampling was completed by the Otish Gold (Guyana) field crew under the
supervision of Martin Zambrano, Senior Geologist. All analytical work was
completed at Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, B.C. Acme
is accredited under ISO 9001. The samples were bagged on site and then delivered
to Acme's facility in Georgetown, Guyana where they were prepared by crushing
one kilogram to 80% passing 10 mesh and then pulverizing a 250-gram pulp
subsample to 85% passing 200 mesh. The pulps were shipped to Vancouver and
initially analyzed for gold by 30g fire assay ICP-MS technique. All three
samples were above the detection limit of this technique and accordingly were
re-assayed using 30g fire assay gravimetric technique.


"These sample results and the recent induced polarization results suggest the
possibility of a gold-bearing quartz vein structure. Drilling is required to
confirm the existence of this structure", states Martin Zambrano, Senior
Geologist. 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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