Otish Energy Inc.
TSX VENTURE : OEI

Otish Energy Inc.

March 17, 2011 09:38 ET

Otish Energy Announces Completion of Phase I on Purini Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2011) - Otish Energy Inc. (the "Company") (TSX VENTURE:OEI) is pleased to announce the completion of the Phase I exploration program on the Company's Purini Gold Project in Guyana, SA.

The Company conducted a systematic exploration program to evaluate and develop the gold potential of the property, including line cutting, hand-powered auger soil sampling, geological mapping and pit rock chip / soil sampling, channel sampling of the quartz veins and saprolite, and propose trenching sites and diamond drilling targets.

Grid location and Sampling stations

A 6.5 by 1.6km grid with Baseline and sampling stations were located in the Puruni Gold Project using a Garmin GPSmap 76CSx. This grid is distributed in 14 1.6km lines spaced 500m each. Of these 14 lines, each one consists of 16 sampling stations 100m spaced.

Pit Sampling

The walls of 3 large gold working pits (mainly Brazilian dredge workings), along with numerous other smaller workings, were checked and sampled. The pits that were checked but not sampled are at the moment full of water, and were unable to be worked.

Of these 3 large pits, 9 samples were collected. Saprolite samples in the pits were taken in 1x1 m panel samples, including 2 sluice box tailing material.

Deep hand auger sampling

The oil sampling was done with a 3m hand-powered auger and samples were collected from surface to depths between 2 to 3m. The first 2 m of material is discarded and the rest of the material collected as 1 m samples which weigh from 2 kg to 5 kg. Unless there was contact with phreatic water, the samples were taken between 1 to 2m. The samples are going to be analyzed using normal soil geochem and SGH (first 300m W – Baseline – first 300m E).

The objective of this deep auger sampling is to define a large area with anomalous gold values. If promising gold values come up from this program, the area will require additional follow up with mechanical trenching or shallow diamond drill holes, including infill lines to obtain more soil samples. 224 hand-powered auger soil samples together with 98 SGH soil samples were collected during Phase 1, making a total of 322 soil samples.

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.

On Behalf of the Board,

Otish Energy Inc.

Steve Smith, President

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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