Otish Energy Inc.

Otish Energy Inc.

April 12, 2011 10:59 ET

Otish Obtains Up to 4003.8ppb Gold from Initial Geochemical Survey at Puruni Gold Project, Guyana

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2011) -Otish Energy Inc. (the "Company") (TSX VENTURE:OEI) is pleased to announce the results of a preliminary geochemical survey completed in March 2011 on the Puruni Gold Project in the Mazaruni Mining District of Guyana.

From the 224 saprolite (weathered bedrock) samples collected, 57 samples returned anomalous gold values greater than 14 parts per billion (ppb) based on the 75th percentile threshold. Of these 57 samples, 23 samples are considered strongly anomalous ranging from 34.6 to 4003.8ppb Au based on the 90th percentile break.

The samples were collected at 100m intervals on lines spaced 500m apart over a grid 6.5km long and 1.6km wide located in the central part of the property area. A hand-powered auger was used to collect the samples at depths from 2 to 3 metres. Although the survey provides limited, preliminary coverage, it clearly points to at least five prospective gold targets within the survey area. A map outlining the survey results will be posted on the company website shortly. Otish intends to follow up these encouraging sample results with a mechanical trenching and channel sampling program in the five prospective areas with the goal of defining drill targets.

"We are off to a great start with these initial results from Purini," commented Steve Smith, President and CEO.

The sampling was completed by the Otish Gold (Guyana) field crew under the supervision of Martin Zambrano, Senior Geologist. All analytical work was completed at Acme Analytical Laboratories Ltd. ("Acme") in Vancouver, B.C. Acme is accredited under ISO 9001. The samples were bagged on site and then delivered to Acme's facility in Georgetown, Guyana where they were prepared by crushing one kilogram to 80% passing 10 mesh and then pulverizing a 250-gram pulp subsample to 85% passing 200 mesh. The pulps were shipped to Vancouver and analyzed for 37 elements (including gold) by 15g aqua regia digestion, ICP-MS finish technique. Mark Fekete, P.Geo, is the designated qualified person as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for reviewing the technical content of this release.

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.

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