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

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 26, 2016) – Otis Gold Corp. (TSXV:OOO) is pleased to announce assay results from the first six holes of its ongoing drill program at the Kilgore Gold Project, where bulk-tonnage intercepts ranging from 55-metres to 120-metres (m) thick and grading 0.82 to 1.55 grams per tonne gold (g/t Au) have been intersected. The planned program as announced comprises a total of 5,500 meters of drilling over 20 holes (see News Release dated July 25, 2016). Due to the ongoing success of this program and availability of capital, the drill program is currently being expanded to approximately 9,000 metres over 36 holes.

Noteworthy intercepts from the first six holes include:

• 56.4 m of 0.85 g/t Au in hole 16 OKR-316 (bottomed in Aspen Formation)
• 61.0 m of 1.03 g/t Au in hole 16 OKR-317 (largely in Aspen Formation)
• 120.4 m of 1.55 g/t Au in hole 16 OKR-318 (hosted in Tertiary sill and Aspen Formation)
• 55.5 m of 0.82 g/t Au in hole 16 OKR-321 (hosted in lithic tuff and Tertiary sill)

Program Highlights

Highlights of the drill program, of importance to the future development of the Kilgore Gold Deposit (or the “Kilgore Deposit”), include:

• All five holes targeting the Aspen Formation (16 OKR-316 through 319 and 16 OKR-323) encountered open-ended mineralization at depth and indicate the need for additional drilling throughout the length of the deposit;
• The grade and thickness of drill intercepts at depth in the Aspen Formation indicate a strong potential to expand the size and grade of the current Kilgore resource;
• Results of the 2015 and 2016 drilling support the premise that mineralization in the Aspen basement sedimentary rocks is more extensive than indicated by previous drilling that mainly targeted the overlying volcanic package; and
• The Tertiary intrusive sill (Tct), that directly overlies the Aspen Formation and also locally intrudes the upper part of it, is also a host to mineralization and may be a potential mineralizer to the deposit.

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