Otis Increases Interest In Blue Hill Creek And Matrix Creek Projects

VANCOUVER, BC - Otis Gold Corp. has reached an agreement to increase its interest in the Blue Hill Creek and Matrix Creek Gold-Silver Properties located in Cassia County, Idaho from 80% to 100% and to reduce the existing net smelter royalty on these projects from 2.5% to 2.0%. In consideration, 380,000 Otis Common Shares of Otis will be issued to the vendors, and these shares will be subject to a voluntary hold period ending July 31, 2017. The transaction results in Otis increasing its interest to 100% in what is known as the Oakley Project, a land package that comprises Blue Hill Creek, Matrix Creek and what is known as Cold Creek.