Otis Announces Non-Brokered Private Placement

Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE:OOO)(OTCQX:OGLDF) is
pleased to announce a non-brokered private placement of up to 5,715,000 units
(the "Units") at a price of $0.07 per Unit, for aggregate gross proceeds of up
to $400,000. Each Unit will consist 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 the continued
advancement of the Kilgore Gold Project and for general working capital
purposes. Commissions or finder's fees may be paid to qualified entities up to
the rates allowed by the TSX Venture Exchange. All securities issued will be
subject to a hold period of four months from closing


The proposed financing is subject to the approval of the TSX Venture Exchange.

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 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


The forward-looking information contained in this press release is made as of
the date hereof and Otis undertakes no obligation to update publicly or revise
any forward-looking information, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Otis Gold Corp.
Craig Lindsay
604.683.2507
[e-mail]