Otis Increases Non-Brokered Private Placement

Otis Gold Corp. (TSX VENTURE:OOO)(OTCQX:OGLDF) ("Otis" or the "Company") is
pleased to announce that it has increased its previously announced non-brokered
private placement from CAD$750,000 to CAD$1,500,000. The Company will now issue
up to 7,500,000 units at a price of CAD$0.20 per unit, for aggregate gross
proceeds of up to CAD$1,500,000. Each unit will consist of one common share and
one-half of one transferable common 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 a period of 18 months, at a price
of CAD$0.30 per share.


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


About The Company

Otis Gold Corp. 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

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 "US Securities Act") or any State securities laws, and may not be
offered or sold within the United States or to US Persons unless registered
under the US Securities Act and applicable State securities laws, or an
exemption from such registration is available.

Otis Gold (TSXV:OOO)
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