Mr. Craig Lindsay reports

OTIS ANNOUNCES INCREASE IN PRIVATE PLACEMENT

Otis Gold Corp. has increased its previously announced $1-million private placement (see news release dated June 22, 2015) to $1.4-million and will now issue up to 28 million common shares at a price of five cents 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. No finders' fees or other commissions will be paid in connection with this financing. All securities issued will be subject to a hold period of four months from closing. The proposed financing is subject to the approval of the TSX Venture Exchange.

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