Otis Gold Reports Resource Estimate for Kilgore Gold Deposit

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Otis Gold Corp. (OOO.V) today announced a resource estimate report for its 100%-owned Kilgore Gold Deposit.

Highlights:

- An Indicated Resource of 520,000 oz Au in 27.35 million tonnes at a grade of 0.59 g/t Au; this new Indicated Resource represents an increase of 138% in the number of ounces and 328% in the number of tonnes over the 2002 Estimate

- An Inferred Resource of 300,000 oz Au in 20.23 million tonnes at a grade of 0.46 g/t Au; this new Inferred Resource represents an increase of 12% in the number of ounces and 131% in the number of tonnes over the 2002 Estimate

OOO went down by nearly 6% to $0.085, moving closer to year low 7 cents. Volume traded is about 332,000.



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