Otis Gold Corp. (fka OGLDF)

[Renee]

OGLDF: Excellon Resources Inc. ("Excellon") has acquired all of the issued and outstanding shares of Otis Gold Corp. Otis shareholders will receive 0.23 Excellon shares for each common share of the Company held.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[molee]

Looks like the market doesn't like this move ...

[poop deck pappy]

i think it’s about the same either way.

i’m going to roll over to excellon.

high today .13 cents in dollars.

thank you for posting the particulars:)

[molee]

PR also states :

"Under the terms of the Transaction, Excellon will acquire all outstanding shares of Otis at a share exchange ratio of 0.23 Excellon shares for each Otis share (the "Exchange Ratio")."

Excellon shares have been trading around CDN .80 .

Approx. 25% share = somewhere around CDN .20 or about USD .15 I figure .

Question I have is try to sell on open market or wait to exchange at 0.23 Excellon shares ?

Coin toss I feel . ( maybe sell OGLDF on open market if I can get > .13 ) .

Thanks for responding , by the way ...

[poop deck pappy]

what you posted reads 45-55% premium over the
last 20 days rolling average.

.13-.14 cents

[molee]

Excellon Resources to Acquire Otis Gold

What does this price OGLDF shares at ???

https://stockhouse.com/news/press-releases/2020/02/24/excellon-resources-to-acquire-otis-gold-creating-a-new-multi-asset-precious

[makebucks77]

Otis Gold Corp. Featured on PEM! https://www.privateequitymarkets.us/otis-gold-corp-otcogldf

[nowwhat2]

.

Up by 24 percent today








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[Instrumentalist]

Nice volume and uptrend

[Bitfury]

Otis Gold drills 30.5 meters of 5.37 g/t gold

Read more at http://www.stockhouse.com/news/newswire/2016/10/31/otis-gold-drills-30-5-meters-5-37-g-t-gold#QCSJyTIeHHjLlTRH.99

[Bitfury]

Otis Gold Closes $2,298,860 Private Placement

[Bitfury]

Otis Files Updated Blue Hill Creek and Matrix Creek NI 43-101 Technical Report

Read more at http://www.stockhouse.com/news/press-releases/2016/09/23/otis-files-updated-blue-hill-creek-and-matrix-creek-ni-43-101-technical-report#j2WhfKcHyd8uYjyl.99

[Bitfury]

Otis Drills 120.4 Metres @ 1.55 g/t Au at Kilgore Gold Deposit

Read more at http://www.stockhouse.com/news/press-releases/2016/09/26/otis-drills-120-4-metres-1-55-g-t-au-at-kilgore-gold-deposit#HEEVZDihdMbHWRMa.99

[Bitfury]

Resource Potential of Kilgore Gold Project Continues To Expand

Read more at http://www.stockhouse.com/news/newswire/2016/10/19/resource-potential-kilgore-gold-project-continues-to-expand#2i5vcm6X40blBvUg.99

[Bitfury]

Otis Expands Land Position at Kilgore by 116%

[Bitfury]

Otis Gold drills 30.5 meters of 5.37 g/t gold

Read more at http://www.stockhouse.com/news/newswire/2016/10/31/otis-gold-drills-30-5-meters-5-37-g-t-gold#ymeWCjQzMkJT0Tll.99

[Bitfury]

Drill results positive!

http://www.stockhouse.com/news/newswire/2016/10/31/otis-gold-drills-30-5-meters-5-37-g-t-gold

[stocktrademan]

$OGLDF recent news/filings

bullish

## source: finance.yahoo.com

Wed, 20 May 2015 16:00:34 GMT ~ Otis Announces $650,000 Private Placement

[at noodls] - May 20, 2015 Vancouver, B.C. - Otis Gold Corp. ('Otis' or the 'Company') is pleased to announce a non-brokered private placement of up to 13,000,000 units (the 'Units') at a price of $0.05 per Unit, for ...

read full: http://www.noodls.com/view/AC80EF963CBA6DF86A2C089681CD57D20CC1272F
*********************************************************

Thu, 05 Feb 2015 13:30:00 GMT ~ Otis Joint Venture Partner Reports 0.691 gpt Au Over 123m at the Oakley Gold Project

[Marketwired] - Otis Gold Corp. today reports that its joint venture partner, Radius Gold Inc., has announced initial drill results from its Fall 2014 diamond drill program at the Blue Hill Creek Gold target,...

read full: http://finance.yahoo.com/news/otis-joint-venture-partner-reports-133000675.html
*********************************************************

Fri, 09 Jan 2015 13:52:46 GMT ~ Otis Receives Permit For Kilgore Drill Program

[at noodls] - January 9, 2015 VANCOUVER, BC - Otis Gold Corp. ("Otis" or the "Company") is pleased to announce the receipt of formal approval from the United States Forest Service (the "USFS") ...

read full: http://www.noodls.com/view/B4C5982C77534ED23CB88E2E4D1F191F8F587E33
*********************************************************

Fri, 09 Jan 2015 13:30:00 GMT ~ Otis Receives Permit for Kilgore Drill Program

[Marketwired] - Otis Gold Corp. is pleased to announce the receipt of formal approval from the United States Forest Service to construct approximately 1,200 metres of new access roads within...

read full: http://finance.yahoo.com/news/otis-receives-permit-kilgore-drill-133000619.html
*********************************************************

Sat, 20 Dec 2014 18:04:13 GMT ~ OTIS GOLD CORP. Financials


read full: http://finance.yahoo.com/q/is?s=ogldf
*********************************************************

$OGLDF charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$OGLDF company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/OGLDF/company-info
Ticker: $OGLDF
OTC Market Place: OTC Pink Current
CIK code: 0001469907
Company name: Otis Gold Corp
Company website: http://www.otisgold.com
Incorporated In: British Columbia, Canada

Business Description: Otis Gold Corp. is a Canadian based mineral exploration company with a portfolio of quality precious metals projects located in Idaho & Nevada. Otis is focused on developing projects which have multi-million ounce potential located in mining-friendly jurisdictions. Otis is currently focused on exploring its flagship Kilgore Gold Project, located in Idaho. Otis also has interests in the Oakley Project (Idaho), the Buckhorn Property (Idaho), the Hai Project (Idaho) and the Gold Bug Project (Idaho).Less >>


$OGLDF share structure

## source: otcmarkets.com

Market Value: $2,537,132 a/o Jun 17, 2015
Shares Outstanding: 62,490,930 a/o Aug 29, 2014
Float: 33,000,000 a/o Apr 05, 2011
Authorized Shares: Unlimited a/o Mar 31, 2012
Par Value: No Par Value

$OGLDF extra dd links

Company name: Otis Gold Corp
Company website: http://www.otisgold.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=OGLDF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=OGLDF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=OGLDF+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/OGLDF/news - http://finance.yahoo.com/q/h?s=OGLDF+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/OGLDF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/OGLDF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=OGLDF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/OGLDF
DTCC (dtcc.com): http://search2.dtcc.com/?q=Otis+Gold+Corp&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Otis+Gold+Corp
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Otis+Gold+Corp&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.otisgold.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.otisgold.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.otisgold.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/OGLDF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001469907&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/OGLDF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/OGLDF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=OGLDF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=OGLDF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/OGLDF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=OGLDF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=OGLDF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=OGLDF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=OGLDF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=OGLDF+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/OGLDF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=OGLDF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/OGLDF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=OGLDF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/OGLDF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/OGLDF/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/OGLDF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/OGLDF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/OGLDF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=OGLDF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=OGLDF



$OGLDF DD Notes ~ http://www.ddnotesmaker.com/OGLDF

[JimLahey]

Craig Lindsay, President of Otis Gold Corp. (TSX.V:OOO), sits down with Al Korelin at the annual Silver Summit to give an update on what has been happening lately with the company’s Idaho Kilgore Gold Project.
Watch the full interview here

[gsfl]

OTIS INCREASES LAND POSITION AT KILGORE BY 58%

February 22, 2012 TSX-V: OOO OTCQX: OGLDF
VANCOUVER, BC – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce that, due to the positive drilling results it has received during the last two drill seasons, it has acquired an additional 1,880 acres of land contiguous to the Kilgore Gold Project (“Kilgore”), increasing its total Kilgore land package to 5,130 acres. The additional land comprises 70 Federal lode mining claims (totaling 1,400 acres) and one Idaho State Land Use Permit (480 acres). The land was acquired via direct staking of federal lode mining claims and an application submitted to the State of Idaho.
States President & CEO Craig Lindsay: “We continue to achieve strong drill results at Kilgore, and the larger land position better reflects the increasing potential of the project.”

[gsfl]

SOIL SURVEY EXPANDS POTENTIAL STRIKE LENGTH OF MINE RIDGE DEPOSIT BY 400 METRES

January 31, 2012

TSX-V: OOO OTCQX: OGLDF

VANCOUVER, BC – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce the results of 681 soil samples collected from two grids (the “North Soil Grid” and the “South Soil Grid”) situated along the strike projection of the Northwest Fault, known to be the feeder to the Kilgore “Mine Ridge” Deposit. Sampling of the North Soil Grid was performed in order to extend the strike length of the Mine Ridge Deposit northward of the +100 metre thick intercepts that were recently discovered on the northern edge of the 2011 drill pattern (see news releases dated November 1, 2011 and October 6, 2011). The results from the North Soil Grid display strong linear gold-in-soil anomalies that trace the extension of the Northwest Fault for a minimum of 400 metres to the northwest and represent the surface manifestation of feeder faults that supplied the gold-rich hydrothermal fluids into the deposit’s host rocks.
Sampling of the South Soil Grid was performed in order to better define drill targets in the Prospect Ridge target area, located immediately to the southeast of the Mine Ridge deposit. Results from the South Soil Grid identify a large, and previously untested, anomalous area in the Prospect Ridge target area.
The North Soil Grid comprises 266 samples collected on a 30-metre x 30-metre spacing in an untested area northwestward beyond the northern limit of the current Mine Ridge Deposit. The data collected and contoured display a strong and significant linear gold-in-soil anomaly that very closely lines up with the trace of the Northwest Feeder Fault that controls the overall northwest trend of the deposit. The anomaly extends the target a minimum of 400 metres in the northwest direction and is shown on a map available on the Otis website at http://www.otisgold.com/_resources/kilgore/20120131_Soil_Survey_Results.pdf. These trends, as well as several additional linear anomalies, are collectively considered to be high-priority drill targets that could extend and expand the existing deposit by more than 30%. There are also a number of corresponding trace element anomalies that have a high correlation to the gold suggesting geochemistry characteristic of a typical epithermal gold system.
Nine helicopter drill sites, chosen to fully test the anomalous area, are planned for the upcoming 2012 drill campaign. If the drilling campaign is successful, additional drill roads will be permitted and constructed to facilitate infill drilling and fully delineate suspected deposit extensions. In addition, Otis plans fans of up to 12 holes at 5 existing sites totaling approximately 4,000 m on the existing north access road, where the 100 m intercepts were identified last year.
The South Soil Grid comprises 415 samples collected on a 30–metre x 60-metre grid that displays a very strong and coherent gold-in-soil anomaly that covers approximately 15,000 sq. metres in the Prospect Ridge target area. This anomaly overlies a section of lithic tuff that is identical to rock that hosts the bulk of the Mine Ridge deposit. This portion of the property package is undrilled and Otis plans to initially test the area with several core holes in 2012.
Otis’ President and CEO Craig Lindsay states, “We have achieved outstanding results from the soil surveys conducted at Kilgore in 2011. Based on these results, it is clear that significant expansion potential exists to the northwest and to the southeast of the existing Mine Ridge deposit and further southeast into the Prospect Ridge target area. Additionally, our Gold Ridge targets provide significant upside potential, and Kilgore continues to expand with each drill program.”
Suite 880 – 609 Granville St. Vancouver, BC V7Y 1G5 Tel: [phone] Fax: [phone] www.otisgold.com
Analysis and Otis QA/QC Program
All assay work was performed by ALS Chemex Labs, Reno, Nevada, which has ISO 9001:2008 quality management system certification and ISO 17025:2005 technical capability accreditation. A 50-gram pulp of all samples was assayed for gold by Fire Assay/AA finish methods.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is John R. Carden, PhD, Lic. Geo. and Consulting Geologist for Otis Gold Corp., who has reviewed and approved its technical contents.
About The Company
Otis is a Canadian-based mineral exploration company focused on the acquisition and development of quality precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho (approx. 60 miles north of Idaho Falls).
ON BEHALF OF THE BOARD
“Craig T. Lindsay”
President & CEO For additional information, please contact:
Craig Lindsay Tel: [phone] [e-mail]

[canucklehead80]

Third Time’s The Charm
Otis Plans a New, January Kilgore Gold Estimate
By Ted Niles


Craig Lindsay couldn’t be happier with Otis Gold’s TSXV:OOO Kilgore project. But the good news has remained in-house. “We’ve been delayed in getting our resource estimate out,” the President and CEO says. Otis missed its July 2011 deadline, then its end-of-3Q 2011 deadline. “That’s had a bit of depressing effect on the stock,” he admits. But the third time’s the charm, as they say. Lindsay is confident an updated January Kilgour resource will lead to an improvement in Otis’ valuation relative to its Idaho peers.

“We’re trading at $15 an ounce, and [they're] trading at $60 an ounce,” Lindsay notes. “Our peers in Nevada are trading at $100 to $125 dollars an ounce in the ground on an adjusted market-cap basis. We’re very much undervalued, and I think one of the triggers to move us up to the next level is a new resource.”

Read the rest of this article. http://www.resourceclips.com/2012/01/11/third-times-the-charm/

[gsfl]

OTIS RELEASES COMPLETE KILGORE 2011 DRILL RESULTS; MINE RIDGE DEPOSIT CONTINUES TO EXPAND

http://www.otisgold.com/news/2012/index.php?&content_id=96

[gsfl]

OTIS DRILLS 48.8 METRES OF 1.05 G/T AU AT KILGORE; NEW INTERCEPTS FURTHER EXTEND OPEN-ENDED MINERALIZATION

http://www.otisgold.com/news/index.php?&content_id=94

[gsfl]

OTIS COMPLETES DETAILED SOIL SAMPLING PROGRAM AT KILGORE

November 1, 2011 TSX-V: OOO OTCQX: OGLDF
VANCOUVER, BC – Otis Gold Corp. (“Otis” or the “Company”) is pleased to report that it has completed a soil sampling program on its 100%-owned Kilgore Gold Property located in Clark County, Idaho. The soil grids were strategically placed along the strike of the Northwest Fault, thought to control gold mineralization in the deposit that is being explored by the Company’s drill programs. A total of 681 soil samples were collected from two grids shown on a location map available for viewing on the Otis Gold Corp. website at http://www.otisgold.com/_resources/kilgore/soil_sample_map.pdf.
The North Soil Grid contains 266 samples collected on a 30-metre x 30-metre spacing located between the northern limit of the current Mine Ridge deposit, and the drill targets identified at Gold Ridge. The soil program was designed to extend the shallow gold deposit, where several +100 m gold intercepts were reported in a recent Company news release (Otis October 6, 2011 News Release) beginning just 6 metres below the surface on the very northwest edge of the drill pattern, and aid in prioritization of targets for the upcoming drill season. The South Soil Grid contains 415 samples on a 30-metre x 60-metre spacing that overlies the Prospect Ridge area along the southeast extension of the Northwest Fault on the south side of the rhyolite dome, thought to be the heat engine responsible for the emplacement of mineralizing hydrothermal fluids.
Otis’ Chief Geologist Mitch Bernardi states: “The results from this soil survey should be exciting in that they will help generate drill targets and finally link the Gold Ridge areas to the Prospect Ridge area along a hydrothermal system that has a footprint of about 3.7 km in length. Otis collected all of its samples from the ‘C’ soil horizon, just above bedrock, along the Northwest Fault—the controlling structure responsible for mineralization. Because the top of the +100 m intercepts at the northwest edge of our drill pattern are shallow, it is likely that any anomalies we detect will relate to the extension of the Mine Ridge deposit and surgically guide our exploration efforts for Otis’ drilling campaign next year.”
The samples are being submitted to ALS-Chemex where they are being analyzed by methods for determining ultra-low levels of trace element content by ICP-MS (inductively coupled plasma-mass spectrometry) and ICP-AES (inductively coupled plasma–atomic emission spectrometry) procedure for a 51-element suite. Chemex has ISO 9001:2008 quality management system certification and ISO 17025:2005 technical capability accreditation. The data from this study are expected in late November, and after employing stacked spatial and statistical analysis to discriminate meaningful anomalies, results will be given in an Otis news release. If anomalies are detected, they will likely be related to the northwest extension of the Mine Ridge deposit (heading toward Gold Ridge) or the southeast extension of the Prospect Ridge area discovered in drilling conducted this year.
The Qualified Person under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects for this News Release is John R. Carden, PhD, Lic. Geo., and Consulting Geologist for Otis Gold Corp., who has reviewed and approved its technical contents.

[gsfl]

Otis Drills 100-Metre Plus Gold Intercepts; Discovers New Extension To Mine Ridge Deposit
http://www.otisgold.com/news/index.php?&content_id=89

[JimLahey]

New Otis Gold Video!

Here is a recent on site video at the Kilgore Gold Project.
Watch the video here

[gsfl]

No problem. I'm just very biased and heavily invested so my opinion would be too one sided.

[bigone]

Thanks gsfl.....

[gsfl]

The best analysts can be found on theaureport.com. I'm sure all your questions will be answered there.

[gsfl]

More Drilling more great news:

http://www.otisgold.com/news/index.php?&content_id=88

[bigone]

Anyone following this board? I am interested in finding out the toughts about this company from those who own/have owned shares.
So far in my limited due diligence, it seems that this company has control of some very high potential properties.
What should we expect of the company in the coming year?
Thanks in advance to those who contribute to answering my questions.

[socialmedia-investme]

OGLDF venue change
http://www.babelation.com/feed/otis-gold-corp-ogldf-grey-market-venue-change

[gsfl]

Strong metallurgy Results from Kilgore Mine Ridge Deposit

http://www.otisgold.com/news/index.php?&content_id=74

[gsfl]

Otis Identifies Two Additional Drill Targets at Kilgore; Announces 10,000 Metre Drill Program
April 6, 2011
OOO - (TSX) OTC: OGLDF.PK

Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce that it has identified two additional drill targets at is 100% owned Kilgore Gold Project located in Clark County, Idaho. As a result of these new targets, our ongoing expansion of the Mine Ridge deposit and exploration at Dog Bone Ridge, Otis is developing a drill program of up to 10,000 metres. The drill program is scheduled for the period from June 2011 to December 2011. This aggressive program comprises approximately 48 core holes to be broken out in the following manner:

• • • •

4,200 metres in 21 holes at the Mine Ridge volcanic-hosted disseminated gold deposit, 3,300 metres in 16 holes at the new Prospect Ridge gold target; 1,500 metres in 6 helicopter-supported holes at the new Gold Ridge target; and 1,000 metres in 5 holes at the Company’s previously described Dog Bone Ridge target.

The Company’s new Prospect Ridge and Gold Ridge targets lie along the southeast and northwest strike extensions, respectively, of the Mine Ridge deposit. The new targets, in combination with the existing Mine Ridge deposit and targets at Dog Bone Ridge, have the size and geologic characteristics to host a multi-million ounce gold resource. The Prospect Ridge and Gold Ridge targets extend the strike length of the Northwest Fault that defines the Mine Ridge deposit to approximately 3 kilometers. A map of the company’s drill targets can be found at http://www.otisgold.com/_resources/kilgore_2011_drill_targets.pdf.

“The Kilgore Gold Project continues to exceed our expectations,” states Craig Lindsay, President of Otis Gold. “Our drill success rate, the continuity of grade and thickness we have encountered and the identification of new drill targets continues to expand the resource potential at Kilgore. To capitalize on these opportunities, our 2011 drill campaign will be the largest program ever undertaken by Otis.”

Mine Ridge Program
This program, which encompasses up to 4,200 metres of drilling in 21 core holes, is designed to follow-up Otis’ highly successful 2008 through 2010 drill programs that encountered significant gold mineralization in 46 of 51 core holes drilled at the Company’s flagship Mine Ridge gold deposit. Twelve of the thirty-five core holes drilled in 2010 lie along and help define the current known boundaries of the Mine Ridge deposit, indicating that it is open in four directions with excellent potential to expand the resource. Otis’ 2011 work at Mine Ridge will concentrate on drill evaluation of these open-ended areas of
mineralization. Additionally, Otis will be completing an NI 43-101 resource estimate that should enhance the qualified resource base for the deposit.

Prospect Ridge Drill Program
This program, which encompasses up to 3,300 metres of drilling in 16 core holes, is sited on the Company’s newly-defined Prospect Ridge target that lies along the southeasterly strike extension of the Mine Ridge deposit and is proximate to it. The current target is 700 metres long by 200 metres wide, and is characterized by five scattered historic drill holes and two Otis 2010 drill holes that contain ore-grade intercepts. Collectively, these intercepts define a northwest-trending zone of gold mineralization that cuts through a rhyolite dome and its periphery just southeast of and adjacent to the Mine Ridge deposit. Mineralization along this zone appears to be the strike extension or continuum of the northwest-trending mineralization that defines the Mine Ridge deposit as it is currently known. Scattered intercepts within this new target that help define it and require offsetting include 15.2 m @ 1.27 grams per tonne gold (g/t Au) in Echo Bay hole 96-EKC-180, 24.4 m @ 1.58 g/t Au in Pegasus Gold hole 93 PK-49, and 76.0 m @ 0.77 g/t Au that includes 13.7 m @ 2.88 g/t Au in Otis core hole 10 OKC-221. Part of the Prospect Ridge target coincides with an IP low geophysical anomaly, as does the Mine Ridge deposit.

Gold Ridge Drill Program
This program, which encompasses up to 1,500 metres in 6 core holes, lies 1 km northwest of and along the northwest strike extension of the Mine Ridge deposit as it is currently known. The target’s dimensions are roughly 1,000 m by 1,200 m, with the area underlain by a rhyolite dome in contact with lithic tuff host rock and dike material, the same setting as at Mine Ridge. The target is defined by the intersection and overlap of numerous important regional and local structures, soils anomalous in arsenic, antimony, and gold, and significantly large IP and resistivity low geophysical anomalies. This target defines a large area of convergence based on the above characteristics, is directly on the northwest strike extension of the Mine Ridge deposit, and has never been drilled. This drilling will require helicopter support as no drill access roads are currently available in the area. As a result, this program will be subject to permitting with the U.S. Forest Service separate from the planned drilling describe above for the Mine Ridge and Prospect Ridge areas, with drilling tentatively slated for late fall.

Dog Bone Ridge Drill Program
The planned Dog Bone Ridge program encompasses up to 1,000 metres in 5 core holes. An extensive dip-slope sinter cap covering the paleosurface is characteristic of the Dog Bone Ridge target area, located 1.5 – 2.0 km southwest of the Mine Ridge deposit. The 2011 program is a follow-up of a five-hole program that was performed by Otis at the end of 2010 and that only initially tested 4 of 5 sizeable Controlled Source Audio-Magneto Telluric (CSAMT) geophysical anomalies. Some are over 1 km in length and were delineated by the Company during the fall of 2009. Recently, major faults in the area have been identified based on interpretation of the CSAMT work. The intersection of these faults with low
resistivity zones, identified by the geophysical survey and significantly coupled with a low magnetic trough running through the target area, provide at least four new drill targets that will be tested with 1,000 m of coring later this year. Additionally, the most northerly Dog Bone Ridge geophysical target, which contains a historic core hole with an intercept of 51.8 m @ 1.25 g/t Au, will be offset along strike of the CSAMT anomaly by 500 metres.

All drilling associated with the planned Kilgore drill program is subject to receipt of appropriate drill permits, a process which is ongoing, and funding availability (the Company currently has approximately $5.6 million in its treasury). Final details of the drill program will be announced as they become available.

Other
In a news release dated March 7, 2011 Otis reported an intercept of 9.14 metres grading 1.32 g/t Au for Hole OKC-242. During a routine Quality Control Assessment Chemex identified a discrepancy in their process that resulted in incorrect values of Au on certificate VA11013059 relating to Hole OKC-242. The Company was notified that the hole was re- assayed and found to be barren. This information has no bearing on the Company's upcoming 2011 drill campaign.

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
For additional information, please contact:
Craig Lindsay Tel: [phone] E-mail: [e-mail]

[gsfl]

S&P Initiates Factual Stock Report Coverage on Otis Gold Corp.

April 5, 2011 OOO - (TSX) OTC: OGLDF.PK
Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce that Standard & Poor’s has commenced Factual Stock Report coverage on Otis Gold Corp. This coverage will be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.
This Standard & Poor's service provides factual research coverage enabling information about Otis Gold Corp. and other securities to reach a wide investor audience helping them understand a company's fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

[gsfl]

Otis Gold Closes Second Tranche of October 2010 Private Placement
Mar. 14, 2011 (Marketwire Canada) --

VANCOUVER, BRITISH COLUMBIA -- Otis Gold Corp. (TSX VENTURE:OOO)(PINK SHEETS:OGLDF) ("Otis" or "the Company") wishes to announce it has closed the second and final tranche of the non-brokered private placement announced October 18, 2010 and has issued 460,000 units at a price of $0.55 per unit, for aggregate gross proceeds of $253,000. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable to purchase one additional common share of the Company for 18 months from closing, at a price of $0.80 per share. The net proceeds from this private placement will be added to working capital. Finder's fees of $25,200 have been paid in cash to qualified parties. All securities issued have a hold period expiring July 9, 2011.

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

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.

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.

Otis Gold Corp.
President and CEO
604.683.2507

[e-mail]
www.otisgold.com

[gsfl]

Otis Hits Gold in Two of Five Targets at Dog Bone Ridge
Mar. 7, 2011 (Marketwire Canada) --

VANCOUVER, BRITISH COLUMBIA -- Otis Gold Corp. (TSX VENTURE:OOO)(PINK SHEETS:OGLDF) ("Otis" or the "Company") is pleased to announce that it has intercepted a near-surface gold interval containing 9.14 m grading 1.32 g/t Au at a depth of 24.1 m to 33.2 m in hole OKC-242 located on the most northerly of five large geophysical anomalies identified by the recent CSAMT program at its Dog Bone Ridge target at the Kilgore Gold Project, Clark County, Idaho. Otis discovery hole 10 OKC-242 is located as an offset to historic Kilgore Gold hole KG-04-02 that contains 51.8 m grading 1.25 g/t Au from 112.8 m to 164.6 m. The size of this target is in excess of 1,100 metres long and 200 metres wide.

Additionally, Otis hole OKC-240, drilled to test a second 1,000 metre-long CSAMT anomaly, contains 138 metres of continuous anomalous gold mineralization. A historic Echo Bay hole, located 300 metres to the northwest of OKC-240, intercepted 3.1 m at a grade of 1.47 g/t Au at the edge of the same anomalous dike. More exploration drilling is slated on these two significant kilometer-long geophysical anomalies during the 2011 Otis drill program.

Hole OKC-242 is considered a discovery hole for Otis based on the bulk-tonnage-style of mineralization encountered in the interval and the distinct similarity to the mineralization found at the Company's Mine Ridge gold deposit, located 1,300 metres to the northeast of Dog Bone Ridge.

"These holes are significant considering the size, extent and wide-open nature of the CSAMT anomalies that the holes are associated with and the strong similarity to and correlation with alteration type, mineralization style, and host rocks composing our nearby flagship Mine Ridge gold deposit," notes Otis President & CEO Craig Lindsay. "These are two of five anomalies to be further explored, and three of the anomalies are larger in area by a factor of two or more compared to the size of the existing Mine Ridge Deposit. Holes OKC-240 and OKC-242 are first steps towards identifying and drilling out additional deposits at the Kilgore Gold Project, and cap off a transformational 2010 drill program for Otis. We look forward to an extensive drill program at both Mine Ridge and Dog Bone Ridge in 2011, as well as other emerging drill targets at Kilgore."

As noted, Otis discovery hole 10 OKC-242 is located as an offset to historic Kilgore Gold hole KG-04-02 drilled in 2004 that contains 51.8 m grading 1.25 g/t Au from 112.8 m to 164.6 m. Of importance is that KG-04-02 was drilled prior to Otis' determination that the area is underlain by the most northerly of five sizeable CSAMT anomalies underlying the Dog Bone Ridge sinter cap and gold target area. Results of Otis discovery hole 10 OKC-242 are critically important because they show that mineralization is associated with the previously unrecognized CSAMT anomaly that has an areal extent (20.6 hectares) greater than that currently defining Otis' nearby Mine Ridge deposit (15.0 hectares) and that the gold mineralization occurs at much shallower depths than previously thought possible.

Detailed logging of 10 OKC-242's mineralized interval reveals that the gold is spatially associated with quartz microveining within fine-grained, argillically altered tuffaceous material directly below siliceous sinter cap material and above flow-banded rhyolite dike or dome material. Similarly, gold mineralization in Kilgore Gold's historic Dog Bone Ridge hole KG-04-02 and at Otis' nearby Mine Ridge deposit is intimately associated with dikes of rhyolitic to andesitic composition and local quartz microveining (see Otis October 21, 2009, February 9, 2010 and September 15, 2010 News Releases for further information regarding this target).

Otis' Dog Bone Ridge gold target has experienced only a limited amount of historic drilling. Additionally, Otis' five widely scattered holes have only begun to initially test four of the five CSAMT anomalies underlying the area. As a result, a substantial area with significant potential for the discovery of additional mineralization remains to be drill tested, particularly in the discovery CSAMT anomaly area, which has the size potential to contain another deposit as big as, or larger than, Mine Ridge. Otis geologists are presently formulating an extensive, 2011 follow-up drill program at the discovery area, the related CSAMT anomaly underlying it, and the additional four CSAMT anomalies.

Locations of the holes drilled at Dog Bone Ridge, which total 1,144 metres of drilling, along with those for the thirty-five 2010 Mine Ridge holes and its sixteen Mine Ridge 2008 and 2009 holes, are shown in drill-hole location and target maps available on the Company's website at www.otisgold.com/projects/kilgore/.

Analysis and Otis QA/QC Program

All assay work was performed by ALS Chemex Labs, Vancouver, B.C., which has ISO 9001:2008 quality management system certification and ISO 17025:2005 Vancouver Lab technical capability accreditation. A 50-gram pulp of all samples was assayed for gold by Fire Assay/AA finish methods. Certified reference materials, duplicates, and blanks were inserted into the sample stream for quality control.

The true bulk-tonnage width of the mineralized interval is estimated to be between 90% and 100% of the drilled interval, based on its estimated dip, association with diking, and potential continuity of mineralization between drill holes. The HQ3-size core drilling was performed by Timberline Drilling, Inc., Coeur d'Alene, Idaho, employing two Sandvik DE-140 core drills outfitted with a triple-tube core recovery system and face-discharge bits.

John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

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

The forward-looking information contained in this press release is made as of the date hereof and the Company 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.

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.

Otis Gold Corp.

604.683.2507
604.683.2506 (FAX)
[e-mail]
www.otisgold.com

[gsfl]

Otis Releases Complete Mine Ridge 2010 Drill Results; 31 of 35 Holes Encounter Significant Gold Mineralization
VANCOUVER, BRITISH COLUMBIA, Feb. 24, 2011 (Marketwire) --

Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE:OOO)(PINK SHEETS:OGLDF) is pleased to announce the receipt of significant drill results from the fifth and final grouping of its 2010, 35-core hole, 6,657-metre, Mine Ridge drill program located at its Kilgore Gold Project in Clark County, Idaho (see Table 1). Highlights of the 2010 Mine Ridge drill program include:




-- 31 of 35 holes contain significant ore-grade intercepts;
-- The deposit remains wide open to the north, northwest, south, and east,
resulting in significant potential for resource expansion;
-- The length of the deposit has increased by nearly 30 percent to 460
metres in a north-south direction; and
-- Mineralized thicknesses and average grades are generally greater than
those achieved in historic drilling.



"Otis' 2010 Mine Ridge drill results are exceptional," says Otis President & CEO Craig Lindsay. "Twelve of the thirty-five holes drilled lie along and help define the current known boundaries of the Mine Ridge deposit, indicating that it is open in a number of directions with excellent potential to expand the resource. Otis' 2011 work concerning Mine Ridge will concentrate on drill evaluation of these open-ended areas and the production of an updated NI 43-101 resource estimate that should enhance the qualified resource base for the deposit."

The fifth and final grouping of seven holes includes intercepts of 41.1 metres (m) of 1.00 grams per tonne gold (g/t Au) that includes 12.2 m @ 1.86 g/t Au in hole 10 OKC-231, 21.3 m at 0.72 g/t Au in 10 OKC-233, 13.7 m at 1.86 g/t Au in 10 OKC-234, and 27.4 m at 0.86 g/t Au in 10 OKC-236. Complete results from the Mine Ridge 2010 drill program are presented in Table 1 below.

Table 1. 2010 Kilgore Mine Ridge Drill Results Summary and Highlights - Fifth Grouping Core Drill Holes Indicated by Asterisk and Shading

--------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
                                                      Inter- 
             Azimuth   Angle    T.D.    From      To    cept      Au         
              (degr-  (degr-   (met-   (met-   (met-   (met-     (g/      
 Hole No.       ees)    ees)    res)    res)    res)    res)   tonne) Status 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-207        -     -90     280    10.1    23.8    13.7    2.17  N.R. 1 
                                                                      9/8/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-208      230     -75     213    69.8    85.0    15.2    1.15  N.R. 1 
                                                                      9/8/10 
                                    --------------------------------         
                                       130.8   186.3    55.5    1.36         
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-209      270     -75     228    95.4   109.0    13.6    0.65  N.R. 1 
                                                                      9/8/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-210      230     -65     118    86.3   116.7    30.4    2.53  N.R. 1 
                                                                      9/8/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-211      195     -75     308   120.1   127.7     7.6    0.85  N.R. 2 
                                                                    10/13/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-212        -     -90     115    51.2    60.3     9.1    0.82  N.R. 1 
                                                                      9/8/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-213       90     -75     244    95.1   121.0    25.9    1.10  N.R. 2 
                                                                    10/13/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-214      135     -65     169    89.3   101.5    12.2    0.62  N.R. 2 
                                                                    10/13/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-215      230     -60     242    63.7    77.4    13.7    2.00  N.R. 2 
                                                                    10/13/10 
                                    --------------------------------         
                                       110.9   152.0    41.1    1.30         
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-216        -     -90     150                                  N.R. 2 
                                        No significant intercepts   10/13/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-217        -     -90     262   107.9   123.1    15.2    0.71  N.R. 2 
                                                                    10/13/10 
 --------------------------------------------------------------------------- 
 10 OKC-218      230     -55     259   138.1   168.6    30.5    1.28  N.R. 3 
                                                                    12/16/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-219      230     -75     204   182.3   183.8     1.5    1.47  N.R. 3 
                                                                    12/16/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-220      230     -70     199    33.2    63.7    30.5    2.81  N.R. 4 
                                                                      2/1/11 
                                    --------------------------------         
                                       175.0   190.2    15.2    1.00         
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-221        -     -90     183    80.5   147.5    67.0    0.77  N.R. 4 
                                                                      2/1/11 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-222        -     -90     225   157.9   203.6    45.7    1.32  N.R. 2 
                                                                    10/13/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 (i)10 OKC-      230     -75     180    No significant intercepts       This 
 223                                                                    N.R. 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-224        -     -90     164    87.8   103.0    15.2    1.08  N.R. 2 
                                                                    10/13/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 (i)10 OKC-      230     -75     181    No significant intercepts       This 
 225                                                                    N.R. 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-226      340     -75     267   214.3   260.0    45.7    1.22  N.R. 3 
                                                                    12/16/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-227        -     -90     207    87.8   118.3    30.5    1.24  N.R. 3 
                                                                    12/16/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-228       50     -75     175    11.9    99.7    87.8    1.26  N.R. 3 
                                                                    12/16/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-229      230     -75      94    60.4    93.9    33.5    0.58  N.R. 3 
                                                                    12/16/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 (i)10 OKC-      230     -70     182    No significant intercepts       This 
 230                                                                    N.R. 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 (i)10 OKC-      230     -75     152    86.6   127.4    41.1    1.00    This 
 231                                                                    N.R. 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-232      230     -70     121    No significant intercepts     N.R. 4 
                                                                      2/1/11 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 (i)10 OKC-      230     -70     140    69.8    91.1    21.3    0.72    This 
 233                                                                    N.R. 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 (i)10 OKC-       90     -75     167    92.4   106.1    13.7    1.86    This 
 234                                                                    N.R. 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-235        -     -90     168    71.3   114.0    42.7    1.37  N.R. 4 
                                                                      2/1/11 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 (i)10 OKC-      230     -50     182   112.2   139.6    27.4    0.86    This 
 236                                                                    N.R. 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-237       90     -75     153    94.2   109.4    15.2    1.27  N.R. 4 
                                                                      2/1/11 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-238      200     -75     149    95.4   147.2    51.8    1.30  N.R. 4 
                                                                      2/1/11 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-239        -     -90     213    91.1   120.1    29.0    0.95  N.R. 4 
                                                                      2/1/11 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-245      270     -75     178     2.4    29.9    27.5    1.72  N.R. 3 
                                                                    12/16/10 
 --------------------------------------------------------------------------- 
 --------------------------------------------------------------------------- 
 10 OKC-246        -     -90     186    99.4   114.6    15.2    1.02  N.R. 4 
                                                                      2/1/11 
 --------------------------------------------------------------------------- 
 ---------------------------------------------------------------------------

Of the 35 holes drilled in 2010, 31 contain significant gold mineralization (see Table 1). Collectively, results of Otis' 2010 drilling show the deposit has increased by nearly 30 percent in length to over 460 metres in a northerly/northwesterly direction throughout the core of the Mine Ridge target area and remains wide open to the north, northwest, south, and east. Examples of open intercepts to the north/northwest, where consistent thicknesses and grades exist, include 30.5 m @ 2.81 g/t Au in 10 OKC-220, 30.4 m @ 2.53 g/t Au in 10 OKC-210, 30.5 m @ 1.28 g/t Au in 10 OKC-218, and 27.4 m @ 0.86 g/t Au in 10 OKC-236. Examples of open intercepts to the south include 41.1 m @ 1.00 g/t Au in 10 OKC-231, 51.8 m @ 1.30 g/t Au in 10 OKC-238, and 42.7 m @ 1.37 g/t Au in 10 OKC-235. Open intervals also exist around the northern perimeter of the rhyolite dome immediately east of and proximal to the deposit and include 67.0 m @ 0.77 g/t Au including 13.7 m @ 2.88 g/t Au in 10 OKC-221 and 15.2 m @ 1.08 g/t Au in 10 OKC-224.

Locations of the fifth grouping of seven holes, which total 1,144 metres of drilling, and their corresponding assay intercepts, along with those for all of the Company's other 2010 Mine Ridge holes and its sixteen 2008 and 2009 holes, are shown in a drill-hole location map available on the Company's website, www.otisgold.com/projects/kilgore/.

Although approximately 25 percent of the 2010 project's 35 holes were drilled as condemnation holes (i.e., holes drilled with the intention of closing off and defining the outer limits of the deposit), only four holes, 10 OKC-216, 10 OKC-223, 10 OKC-225, and 10 OKC-230, are devoid of mineralization and fall into this category. All other holes drilled for condemnation purposes contain significant gold grades and thicknesses.

Based on results to date, Otis expects that there is a strong possibility to increase the overall size and economic viability of the Kilgore Mine Ridge deposit. The Company will be completing an updated NI 43-101 resource estimate on the deposit in 2011 that will reflect historical drilling by past operators as well as the drilling completed by Otis from 2008 through 2010. Additionally, three-dimensional computer modeling of the deposit is being initiated and is expected to be completed in 2011 after all the 2010 drill results have been incorporated into the database.

Currently, assays from 5 core holes drilled at Dog Bone Ridge are pending and will be available shortly.

Analysis and Otis QA/QC Program

All assay work was performed by ALS Chemex Labs, Vancouver, B.C., which has ISO 9001:2008 quality management system certification and ISO 17025:2005 Vancouver Lab technical capability accreditation. A 50-gram pulp of all samples was assayed for gold by Fire Assay/AA finish methods. Certified reference materials, duplicates, and blanks were inserted into the sample stream for quality control.

True bulk-tonnage widths are estimated to be between 90% and 100% of the drilled interval, based on their estimated dip, association with diking, and continuity of mineralization between drill holes. The HQ3-size core drilling was performed by Timberline Drilling, Inc., Coeur d'Alene, Idaho, employing two Sandvik DE-140 core drills outfitted with a triple-tube core recovery system and face-discharge bits.

John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

[gsfl]

Otis Increases Private Placement
TSX: OOO OTC: OGLDF.PK
Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) wishes to announce that is has increased the size of its previously announced $3,010,000 private placement up to $4,050,000, and will now issue up to 5,771,429 units at a price of $0.70 per unit. Each unit will consist of one common share and one half share purchase warrant (each whole such purchase warrant being a "Warrant"). Each Warrant will be exercisable to purchase one common share of the Company for 18 months, at a price of $1.10 per share.
The net proceeds from this private placement will be used 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. The financing is subject to the approval of the TSX Venture Exchange.

[bladelawless]

sure is quiet for what has to be one of the best stocks around:)

[gsfl]

tis Announces Private Placement
TSX: 000 OTC: OGLDF.PK
Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce a non-brokered private placement of up to 4,300,000 units at a price of $0.70 per unit, for aggregate gross proceeds of up to CDN$3,010,000. Each unit will consist of one common share and one half share purchase warrant (each whole such purchase warrant being a "Warrant"). Each Warrant will be exercisable to purchase one common share of the Company for 18 months, at a price of $1.10 per share.
The net proceeds from this private placement will be used 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. The 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. The Company is currently developing its flagship property, the Kilgore Gold Project, Clark County, Idaho and has several other gold, silver and base metal projects located in Idaho.
ON BEHALF OF THE BOARD
“Craig T. Lindsay” President and CEO

[gsfl]

Otis Drills 30.5 Metres of 2.81 g/t Au and 51.8 Metres of 1.30 g/t Au at Kilgore
VANCOUVER, BRITISH COLUMBIA, Feb. 1, 2011 (Marketwire) --

Otis Gold Corp. (TSX VENTURE:OOO) ("Otis" or the "Company") is pleased to announce the receipt of additional significant drill results from its 2010, 35-core hole, 6,657-metre, Kilgore Mine Ridge Gold Project ("Kilgore") drill program located in Clark County, Idaho. Highlights of this fourth grouping of eight holes, listed in Table 1 below, include intercepts of 30.5 metres (m) of 2.81 grams per tonne gold (g/t Au) that includes 9.1 m of 8.65 g/t Au in hole 10 OKC-220, 51.8 m of 1.30 g/t Au in hole 10 OKC-238, 42.7 m of 1.37 g/t Au that includes 9.1 m of 4.85 g/t Au in hole 10 OKC-235, and 67.0 m of 0.77 g/t Au that includes 13.7 m of 2.88 g/t Au in hole 10 OKC-221. All holes encountered gold mineralization and were drilled either as infill, condemnation, or extension holes in areas where historic wide-spaced drilling resulted in gaps and/or areas of open-ended mineralization.




Table 1. Otis Gold 2010 Kilgore Gold Project Drill Highlights-
Fourth Grouping

--------------------------------------------------------------------- 
 --------------------------------------------------------------------- 
                        From            To     Thickness         Grade 
 Hole Number         (metres)      (metres)      (metres)      (g/t Au) 
 --------------------------------------------------------------------- 
 --------------------------------------------------------------------- 
 10 OKC-220             33.2          63.7          30.5          2.81 
              -------------------------------------------------------- 
   includes:            45.4          54.5           9.1          8.65 
              -------------------------------------------------------- 
                       110.9         115.5           4.6          1.13 
              -------------------------------------------------------- 
                       175.0         190.2          15.2          1.00 
 --------------------------------------------------------------------- 
 --------------------------------------------------------------------- 
 10 OKC-221             80.5         147.5          67.0          0.77 
              -------------------------------------------------------- 
   includes:            80.5          94.2          13.7          2.88 
 --------------------------------------------------------------------- 
 --------------------------------------------------------------------- 
 10 OKC-232     Many Anomalous Gold Values between 0.30 to 0.48 g/t Au 
 --------------------------------------------------------------------- 
 --------------------------------------------------------------------- 
 10 OKC-235             71.3         114.0          42.7          1.37 
              -------------------------------------------------------- 
   includes:           104.9         114.0           9.1          4.85 
 --------------------------------------------------------------------- 
 --------------------------------------------------------------------- 
 10 OKC-237             36.3          48.5          12.2          0.78 
              -------------------------------------------------------- 
                        94.2         109.4          15.2          1.27 
              -------------------------------------------------------- 
                       119.0         148.0          29.0          0.74 
 --------------------------------------------------------------------- 
 --------------------------------------------------------------------- 
 10 OKC-238             78.6          84.7           6.1          0.81 
              -------------------------------------------------------- 
                        95.4         147.2          51.8          1.30 
              -------------------------------------------------------- 
                       144.2         148.7           4.5          1.16 
 --------------------------------------------------------------------- 
 --------------------------------------------------------------------- 
 10 OKC-239             91.1         120.1          29.0          0.95 
 --------------------------------------------------------------------- 
 --------------------------------------------------------------------- 
 10 OKC-246             89.9         116.1          26.2          0.76 
              -------------------------------------------------------- 
   includes:            99.4         114.6          15.2          1.02 
 --------------------------------------------------------------------- 
 ---------------------------------------------------------------------

These new drill results, along with those previously reported on for the first 20 core holes of the 2010 drill program (Otis September 8, October 13, and December 16, 2010 News Releases), show that Otis has now encountered significant gold mineralization in 27 of 28 holes of the drill campaign, with only 7 holes left to be processed and assayed. Collectively, the holes show the deposit has increased to over 365 metres in length in a northerly direction throughout the core of the Mine Ridge target area and remains wide open to the south and around the northern perimeter of the rhyolite dome immediately east of and proximal to the deposit (Table 1, 67.0 m @ 0.77 g/t Au including 13.7 m @ 2.88 g/t Au in hole 10 OKC-221). The results further indicate that the deposit remains open along its northern boundary where good thicknesses and grades exist (Table 1, 30.5 m @ 2.81 g/t Au in hole 10 OKC-220; also, 30.4 m @ 2.53 g/t Au in hole 10 OKC-210 and 30.5 m @ 1.28 g/t Au in hole 10 OKC-218 as previously reported in Otis News Releases dated September 8 and December 16, 2010, respectively).

Although approximately 25% of the 2010 project's holes were drilled as condemnation holes (i.e., holes drilled with the intention of closing off and defining the outer limits of the orebody), only one hole, 10 OKC-216 (Otis October 13, 2010 News release) is devoid of mineralization and falls into this category, with all remaining condemnation holes encountering mineralization containing significant thicknesses and gold grades.

Locations of this fourth grouping of eight holes, which total 1,374 metres of drilling, and their corresponding assay intercepts, are shown in a drill-hole location map available on the Otis Gold Corp. website at www.otisgold.com/projects/kilgore/.

These new intervals, along with those for the first 20 holes reported from Otis' 2010 Kilgore drill campaign (Otis September 2, October 10, and December 16, 2010 News Releases) and from other significant bulk-tonnage intercepts determined for a number of the Company's core holes drilled during 2008 and 2009 in the nearby higher-grade Mine Ridge core area of the deposit (Otis October 7 and December 16, 2009 and March 23, 2010 News Releases), continue to support a high degree of confidence concerning continuity of mineralization throughout the deposit. Many of these intervals further indicate the presence of mineralized thicknesses that are noticeably greater than those constituting the majority of the intervals comprising the historic Kilgore NI 43-101 compliant resource (Otis March 2, 2009 News Release).

Based on results to date, Otis expects that there is a strong possibility to increase the overall size and economic viability of the Kilgore Mine Ridge deposit. The Company will be completing an updated NI 43-101 resource estimate on the deposit in 2011 which will reflect historical drilling by past operators as well as the drilling completed by Otis from 2008 through 2010. Additionally, three dimensional computer modeling of the deposit is being initiated and is expected to be completed in 2011 after all the 2010 drill results have been obtained and incorporated into the database.

Assays from the remaining 7 core holes from Mine Ridge and 5 core holes from Dog Bone Ridge are pending. All of these holes have been logged and split and will be delivered to ALS Chemex for assay within the next week. Assays will be released as soon as they become available.

Analysis and Otis QA/QC Program

All assay work was performed by ALS Chemex Labs, Vancouver, B.C., which has ISO 9001:2008 quality management system certification and ISO 17025:2005 Vancouver Lab technical capability accreditation. A 50-gram pulp of all samples was assayed for gold by Fire Assay/AA finish methods. Certified reference materials, duplicates, and blanks were inserted into the sample stream for quality control.

True bulk-tonnage widths are estimated to be between 90% and 100% of the drilled interval, based on their estimated dip, association with diking, and continuity of mineralization between drill holes. The HQ3-size core drilling was performed by Timberline Drilling, Inc., Coeur d'Alene, Idaho, employing two Sandvik DE-140 core drills outfitted with a triple-tube core recovery system and face-discharge bits.

John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

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

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.

The TSX Venture Exchange has neither approved or disapproved of the contents herein.

Otis Gold Corp.

604.683.2507

[e-mail]
www.otisgold.com

[gsfl]

Yes sir it is. Welcome

[bladelawless]

this is a great stock

[gsfl]

Otis Receives Preliminary Environmental Scoping Study on Kilgore Gold Project
VANCOUVER, BRITISH COLUMBIA, Jan. 6, 2010 (Marketwire) --

Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE:OOO)(PINK SHEETS:OGLDF) is pleased to announce that it has received a final copy of the Preliminary Environmental Scoping Study ("ESS") on the Company's Kilgore Gold Project from Golder Associates Inc. ("Golder") of Denver, Colorado. Golder conducted a site visit of the project in October 2010, which resulted in a 94-page report that provides an overview of the ecological, environmental and cultural issues involved in developing a gold mine at the deposit's location in Clark County, Idaho. The Golder study concluded: "No local organizations that would oppose the facility have been identified," and "At this time, no issues have been identified that are considered fatal flaws," in connection with future mine permitting activities.

Golder's ESS outlines 11 areas where permits or approvals may involve standard baseline studies. Some of the data have already been collected, but there are other areas where data is required, most notably, hydrologic characterization and baseline monitoring, a 1-year monitoring of air quality and meteorological data, a local soil survey at a scale of 1:12,000, and a Class III Cultural Resource Inventory, all of which were recommended.

The Company plans on initiating many of these baseline studies during the upcoming 2011 field season along with necessary drilling planned to step-out and infill the newly identified 250-metre long mineralized zone described in Otis' most recent December 16, 2010 news release.

John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

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

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.

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.

Otis Gold Corp.

604.683.2507
604.683.7589 (FAX)
[e-mail]
www.otisgold.com

[gsfl]

Otis Drills 87.8 Metres of 1.26 g/t Au Including 32.0 Metres of 3.46 g/t Au at Kilgore

http://www.rblcommunications.com/blog/2010/12/16/otis-drills-87-8-metres-of-1-26-gt-au-including-32-0-metres-of-3-46-gt-au-at-kilgore/

[gsfl]

Otis Acquires 100% of Kilgore Gold Project
VANCOUVER, BRITISH COLUMBIA, Nov. 30, 2010 (Marketwire) -- Otis Gold Corp. ("Otis" or the "Company") (TSX VENTURE:OOO) is pleased to announce that it has executed an agreement (the "Purchase Agreement") to purchase a 100% interest in the Kilgore Gold Project (the "Kilgore Gold Project") and related assets from Bayswater Uranium Corporation ("Bayswater") for staged payments of US$1.75 million and 2.0 million shares. The Purchase Agreement replaces an Option agreement ("Option Agreement") dated June 4th, 2008 in which Bayswater granted Otis the right to earn up to a 75% interest in the advanced stage Kilgore Gold Project and related assets, including the early-stage Hai and Goldbug precious metal projects.

The benefits to Otis of increasing its interest in the Kilgore Gold Project and related assets are as follows:




-- Under the existing Option Agreement, Otis was required to issue 2.2
million shares and complete a pre-feasibility study (expected to cost up
to $1.0 million) to reach a 75% ownership interest. Under the new
Purchase Agreement, Otis has acquired a 100% interest in exchange for
stage payments of US$1.75 million in cash and the issuance of 2.0
million shares;

-- The existing 2% NSR in favour of Bayswater is eliminated, materially
enhancing future project economics; and

-- Ownership of 100% of the asset substantially increases the flexibility
respecting the timing of the exploration and potential development of
the Kilgore Gold Project.



Subject to regulatory approval, the cash will be paid according to the following schedule: US$750,000 in 45 days, US$750,000 in 4 months, and US$250,000 in 12 months. Also subject to regulatory approval, issuance of the shares will be according to the following schedule: all shares will be issued at closing and, in addition to the statutory 4-month hold period, will be subject to hold periods which will expire 6 months after closing (as to 500,000 shares), 12 months after closing (as to 500,000 shares), 18 months after closing (as to 500,000 shares) and 24 months after closing (as to 500,000 shares). Under the existing Option Agreement, to date Otis has paid US$200,000, issued 1,300,000 common shares and completed over US$3,000,000 in exploration work. Closing will occur within 45 days of the date of the Purchase Agreement, subject to regulatory approval.

The Kilgore Gold Project comprises a large, 5 square mile, volcanic-hosted epithermal gold system situated on the northern margin of the eastern Snake River Plain. Pliocene-age mineralization is hosted in Miocene lithic and crystal tuff on the margin of a caldera setting. Mineralization style and setting, host rock type and thickness, and overall size of the mineralizing system are analogous to those characterizing the Round Mountain, Nevada and McDonald Meadows, Montana multi-million ounce volcanic-hosted disseminated gold deposits, where high-grade, coarse-gold feeder veins also exist.

Since initiating activities at Kilgore in mid-2008, Otis has completed 56 diamond drill holes totalling approximately 11,500 metres at the Kilgore Gold Project. Additionally, metallurgical testing on four samples from Mine Ridge is being conducted by McClelland Labs of Reno, Nevada, and an Environmental Scoping Study by Golder Associates is in progress. In 2011, Otis is planning an aggressive drill program that will include additional resource development drilling at the Mine Ridge deposit and exploration drilling at the highly prospective Dog Bone Ridge geophysical targets (see News Release dated September 15, 2010). Additionally, in 2011 Otis will be completing an updated NI 43-101 resource calculation on the Mine Ridge deposit to reflect drilling completed from 2008 to 2010.

Otis is extremely pleased with the acquisition and has budgeted for all cash payments from its existing working capital. States Craig Lindsay, President of Otis: "This is a major milestone in the development of Otis that adds immediate shareholder value at a favourable cost to the Company. We felt it was critical to have a 100% interest in our flagship project as we advance Kilgore towards a production decision and we look forward to fully realizing the potential of the Kilgore Gold Project in the future."

John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

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 - Otis Gold Corp.

This press release contains forward-looking information within the meaning of applicable securities laws relating to the closing of the PP. The use of any of the words "intend", "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions may identify forward-looking information. Readers should not place undue reliance on the forward-looking information contained in this press release. Specific forward-looking information contained herein relates specifically to the acquisition of the Kilgore Gold Project.

The forward-looking information contained in this press release is made as of the date hereof and the Company 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.

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.

Otis Gold Corp. 604.683.2507 604.683.2506 (FAX) [e-mail] www.otisgold.com

[gsfl]

Otis Receives Drilling Permits for its Buckhorn High-Grade Silver Project November 9, 2010 OOO (TSXV)
Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) is pleased to announce that it has just received permits from the U.S. Forest Service (“USFS”) and the Bureau of Land Management (“BLM”) to drill its Buckhorn High-Grade Silver Project (the “Buckhorn Project” or “Buckhorn”) located in Lemhi County, Idaho. The planned drilling comprises a 1,000 metre (“m”), seven-hole program designed to test multi-ounce silver chip-channel intervals obtained from shallow trenches in the fall of 2009 (see Otis News Release dated December 17, 2009). These trenches are situated in gossan-rich zones along a 2.7-km-long range-front fault structure controlled by Otis. Highlights of this trench sampling include 16.5 m grading 236.6 grams per tonne silver (“g/t Ag”), further including a 5.8 m section assaying 462.9 g/t Ag. The Buckhorn Project is a silver-rich manto or Leadville-type replacement target that could contain significant grades of primary high-grade silver mineralization below the zone of oxidation. Several of Otis’ holes are planned to test the range-front fault proximal to the trenches containing the high-grade silver channel samples. The property is located 36 miles south of Salmon, Idaho. Commencement of the drill program is currently weather dependent.
Historic exploration conducted at the Buckhorn Project includes 365 m of underground workings, a shallow air-rotary hole that encountered 12 m of mineralized material grading 411 g/t Ag (1979 Sunshine Mining Company notes), numerous prospect pits and trenches developed on surface gossan shows, and property reviews conducted by the U.S. Bureau of Mines during the period from 1952 to 1955. Otis’ trenching program confirms initial grab samples that contain up to 900 g/t silver with substantial lead and zinc credits. Geologic controls of mineralization are previously summarized in the Company’s News Release dated December 17, 2009. High-grade silver and additional target types existing at Buckhorn include: 1) Leadville silver-lead-zinc manto replacements in Mississippian limestone; 2) a precious metals porphyry system at depth; and 3) gold associated with marbleized limestone.
Otis is leasing the Buckhorn Project from M3 Resources LLC (the “Vendor”), Idaho Falls, Idaho. Terms of the revised and finalized agreement dated October 12, 2010, allowing Otis to earn a 100% interest in the Buckhorn, include a $36,000 cash payment, issuance of 100,000 shares to the Vendor upon TSXV approval and a requirement of $110,000 in property expenditures by July 2011. Additional terms include paying the Vendor an Advanced Minimum Royalty (“AMR”) of $25,000 in 2011, $30,000 per year thereafter, and a 3.5% NSR should the property go to production.
Additionally, Otis reports it has just completed its 2010 Kilgore Project drilling program. This drilling comprises 40 core holes spread over 7,750 m in the Mine Ridge bulk-tonnage gold deposit and Dog Bone Ridge geophysical target areas. Drill results will continue to be released as they become available.
John R. Carden, Ph.D., Lic. Geo., a Qualified Person as defined by National Instrument Policy 43-101, is responsible for the technical information contained in this News Release.

[gsfl]

Otis Closes First Tranche of Two-Stage Private Placement for $2,491,500 – Early Warning Issued by Galena Special Situations Master Fund Ltd.
November 3, 2010 OOO (TSXV) Vancouver, B.C. – Otis Gold Corp. (“Otis” or the “Company”) announces that is has closed the first tranche
(“Tranche One”) of the private placement (the “PP”) initially announced on October 18, 2010.
In Tranche One the Company raised a total of $2,491,500 by issuing 4,530,000 units (“Units”) to qualified investors at a price of $0.55 per Unit. Each Unit consists of one common share (a “Share”) and one warrant (a “Warrant”) which may be exercised to purchase one additional Share at a price of $0.80 for 18-months from closing.
There will now be a second tranche (“Tranche Two”) for an additional $253,000 which will result in the issuance of an additional 460,000 Units upon the same terms.
A Tranche One investor, Galena Special Situations Master Fund Ltd. (“Galena”), invested a total of $1,804,000 to acquire 3,280,000 Units. The Share portion of the subscription by Galena represents 9.9% of the issued and outstanding capital of the Company. Galena did not previously own any securities of the Company. If the warrants forming a part of the Tranche One Units purchased by Galena are fully exercised (and assuming no additional shares are issued in the interim period) Galena will beneficially own approximately 17.5% of the issued capital of the Company. According to prevailing TSXV rules, Galena is required to file a personal information form (“PIF”) which must be reviewed and accepted (the “PIF Process”) prior to the time that Galena is permitted to become a 10% or greater shareholder. For this reason, prior to the completion of the PIF Process, Galena will be restricted from exercising any Warrants which would result in Galena exceeding 10% of the issued and outstanding capital of Otis (calculated at the time of exercise).
A Tranche Two purchase of Units by Galena will result in the additional investment by Galena of $231,000 which will result in the issuance of additional 420,000 Units to Galena; however, Tranche Two will only close subject to and upon the completion of the PIF process. When the Shares comprising the total Units purchased by Galena after the completion of both tranches are aggregated, Galena will own 3,700,000 Shares of Otis, or 11% of the issued and outstanding capital of the Company (assuming no additional shares are issued in the interim period). If all of the Warrants issued in both tranches are exercised, assuming no additional shares are issued in the interim period, Galena will own approximately 19.35% of the issued and outstanding capital of the Company.
Galena is an investment fund domiciled in the Cayman Islands and its investment manager is Galena Asset Management Limited, Portman House, 2, Portman Street, London, UK. Galena is purchasing its Units for investment purposes. The foregoing includes the early warning information relating to Galena’s acquisitions as required by National Instrument 62-103 and Multilateral Instrument 62-104.
About the Company
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho and Nevada, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho.