Mr. Craig Lindsay reports

OTIS FILES KILGORE NI 43-101 TECHNICAL REPORT

Otis Gold Corp. has filed, on SEDAR, a technical report prepared in accordance with National Instrument 43-101 on the Kilgore project in Clark county, Idaho. The technical report supports the disclosure made by the company in its news release dated Aug. 14, 2018, entitled, "Otis Increases Kilgore Indicated Gold Resource by 59%." There are no material differences from the mineral resources contained in the technical report from those disclosed in the Aug. 14, 2018, news release.

The technical report entitled, "Independent Technical Report and Resource Estimate for the Kilgore Project, Clark County, Idaho, U.S.A.," is dated Sept. 28, 2018, and has an effective date of Aug. 14, 2018. The technical report was prepared by David Rowe, CPG, of Rowearth LLC, and Global Resource Engineering Ltd.

Highlights:

• At a gold price of $1,300 (U.S.) per ounce and a cut-off of 0.006 ounce per short ton gold (0.21 gram per tonne gold), the pit-constrained Kilgore mineral resource contains:
  • An indicated resource of 825,000 ounces gold in 44.6 million tonnes at an average grade of 0.58 gram per tonne gold;
  • An inferred resource of 136,000 ounces gold in 9.4 million tonnes at a grade of 0.45 gram per tonne gold;
• The deposit is robust in respect of sensitivity to lower gold prices down to $1,100 per ounce gold.
• The mineral resource estimate is supported by 323 drill holes totalling 68,800 metres, with an increased proportion of core holes contributing to the resource.
• Otis has utilized modern 3-D geologic modelling to constrain the resource using both lithology and structure, which will be used as both an exploration planning tool and for engineering activities.
• Approximately 85 per cent of the indicated gold ounces (versus 64 per cent as estimated in Otis Gold's news release dated Aug. 14, 2018) are contained within the Tertiary volcanic and intrusive host rocks. Further, an estimated 15 per cent of the indicated gold ounces are contained within the Tertiary volcanic-Cretaceous Aspen formation sedimentary host rocks.

Alan Roberts, MSc, CPG, vice-president of exploration, is the qualified person for this news release within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Roberts has reviewed and approved the scientific and technical content in this news release.

About the Kilgore project

The Kilgore project lies on the northeastern margin of the Miocene-Pliocene Kilgore Caldera complex in the Eastern Snake River Plain, Idaho. The Kilgore project contains the Kilgore deposit with a current NI 43-101 compliant resource: indicated resource of 825,000 ounces Au in 44.6 million tonnes at a grade of 0.58 g/t Au and an inferred resource of 136,000 ounces Au in 9.4 million tonnes at a grade of 0.45 g/t Au. The Kilgore deposit is a low-sulphidation, gold-bearing, quartz-adularia epithermal system hosted in Tertiary volcanic rocks, local Tertiary intrusive rocks and basement Late Cretaceous, Aspen formation sedimentary rocks.

About Otis Gold Corp.

Otis Gold is a resource company focused on the acquisition, exploration and development of precious metal deposits in Idaho. Otis Gold is currently developing its flagship property, the Kilgore project, located in Clark county, Idaho, and the Oakley project, located in Cassia county, Idaho.

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