Otis Increases Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2012) - Otis Gold Corp. (TSX VENTURE:OOO)(OTCQX:OGLDF) ("Otis" or the "Company") is pleased to announce that it has increased its previously announced non-brokered private placement from CAD$750,000 to CAD$1,500,000. The Company will now issue up to 7,500,000 units at a price of CAD$0.20 per unit, for aggregate gross proceeds of up to CAD$1,500,000. Each unit will consist of one common share and one-half of one transferable common share purchase w...continued OGLDF OOO:CA

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