Otish Energy Inc.
TSX VENTURE : OEI

Otish Energy Inc.

September 03, 2009 08:00 ET

Rare Earth Elements Results on Gateau Property in the Otish Basin

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 3, 2009) - Otish Energy inc. (the "Company") (TSX VENTURE:OEI) is pleased to report that its initial drill program realized in 2008 on the Gateau Property in the Otish Basin, located in north-central Quebec, Canada, has yielded noteworthy Rare Earth Elements (RRE) mineralization.

Hole GAT-3 returned 0,14% Total RRE (TRRE) over 5 m with a peak value of 0,33% TRRE (see Table 1 below) from a sandstone horizon near the unconformity. The Table 1 below summarizes the RRE results.



TABLE 1 - RRE RESULTS ON GATEAU PROPERTY

---------------------------------------------------------------------
Element Sample Sample Sample Sample Sample
790596 790597 790598 790599 790601
(ppm) (ppm) (ppm) (ppm) (ppm)

98-99 m 99-100 m 100-101 m 101-102 m 102-103 m
---------------------------------------------------------------------
La 155,5 160,5 186,5 681 340
---------------------------------------------------------------------
Ce 313 328 376 1 485 628
---------------------------------------------------------------------
Pr 38,6 40,9 46,7 196,5 81
---------------------------------------------------------------------
Nd 123 134,5 148 633 242
---------------------------------------------------------------------
Sm 22,1 25,6 26,5 115,5 39
---------------------------------------------------------------------
Eu 1,86 2,05 1,95 5,54 2,81
---------------------------------------------------------------------
Gd 18 21 21,7 88 34,3
---------------------------------------------------------------------
Tb 2,28 2,73 2,72 10,55 4,32
---------------------------------------------------------------------
Dy 10,95 13,2 12,85 45,6 21,1
---------------------------------------------------------------------
Ho 2,12 2,49 2,39 8,22 4,01
---------------------------------------------------------------------
Er 6,37 7,28 7,43 24,9 12,7
---------------------------------------------------------------------
Tm 0,8 0,92 0,95 3,02 1,63
---------------------------------------------------------------------
Yb 6,04 6,77 6,74 22,4 12,6
---------------------------------------------------------------------
Lu 0,96 1,04 1,11 3,49 2,02
---------------------------------------------------------------------
Total RRE 701,58 746,98 841,54 3 322,72 1 425,49
---------------------------------------------------------------------
Y 65,4 76,4 73,2 250 121
---------------------------------------------------------------------


Values of Yttrium (Y), often related to RRE, are also shown. Sample handling consisted of shipping one half of split core samples to ALS-Chemex in Val-d'Or, Quebec. These samples were assayed including blanks and duplicatas.

Otish Energy inc. is reviewing its properties in the Otish Basin for its RRE potential as several favorable rocks such as pegmatites are present in the area. Ground prospecting is also planned for the next summer 2010 on Gateau and the other properties in the Otish.

About Otish Energy : The Company explores for unconformity-type uranium deposits, both above and below the basin unconformity, as well as for RRE deposits.

Benoit Moreau, P. Eng. Vice President, Exploration for Otish Energy, is a qualified person (is such is defined in National Instrument 43-101) and is responsible for the geological information presented herein.

Forward-Looking Statement: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict and are not be interpreted as guarantees for future performance. These forward-looking statements could cause actual events or results to differ materially from those anticipated in such forward-looking statements. All forward-looking statements speak only as of the date of this news release and the Company does not undertake any obligation to update or publicly release any revisions to such forward-looking statements to reflect events, circumstances, or changes in expectation after the date hereof, except as required by law. Accordingly, readers should not place undue reliance on such forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this release.

Contact Information