Otish Energy Inc.

Otish Energy Inc.

February 23, 2011 09:06 ET

Otish Energy Commences Work Program on Purini Gold Project, Guyana

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2011) - Otish Energy Inc. (the "Company") (TSX VENTURE:OEI) is pleased to announce its wholly owned Guyana subsidiary, Otish Gold (Guyana) has commenced phase one of the exploration program on its 6 (six) contiguous land blocks totaling approximately 9000 acres in the Mazaruni Mining District No. 3, Guyana.

Otish has hired Martin David Zambrano Gutiérrez of Peru to oversee the work program. Mr Gutiérrez is an Exploration Geologist with more than 10 years experience, working with well-known Mining and Geotechnics companies in Peru and Guyana. Mr Gutiérrez is a member of SEG (Society of Economic Geologists) since January 2009.

The Company has set up two camps; a crew of eighteen persons has been hired, inclusive of cooks, line cutters & GPS technicians. Program activities should take approximately two months, inclusive of line cutting, soil sampling, geological mapping, channel sampling of the quartz veins and saprolite trenching. The Company will be purchasing data from a previously flown airborne geophysical survey. The Company anticipates delineating drill targets by late spring 2011.

A NI 43-101 Technical Report has been filed for the Purini Project on www.sedar.com and the Company's website www.otishenergyinc.com. The report provides the first detailed summary of the geology, history and exploration of the Purini Property.

The NI 43-101 Technical Report for the Purini Project was completed by Ulrich H. Kretschmar PhD, PGeo., of Orillia, Ontario. Mr Kretschmar is a Qualified Person for the purpose of Canadian NI 43-101, Standards of Disclosure for Mineral Projects.

The author collected 15 samples of saprolite, alluvium. Sluice box tailings, black sand, and bedrock quartz veins with visible gold from the property. The quartz veins returned assays of 40.5 oz gold/ton (1390 g/t), 61.1 oz/ton (2090 g/t), 216 oz/ton (7389 g/t), and 414 oz/ton (14794 g/t) while sluice box tailings returned 0.88 oz Au/t (27.7 g/t) and 0.91 oz Au/t (34.2 g/t).

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

On Behalf of the Board of 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.

Contact Information