Otterburn Ventures Inc.
CNSX : OTB

Otterburn Ventures Inc.

April 01, 2009 16:30 ET

Otterburn Announces Restatement of Financial Statement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2009) - Otterburn Ventures Inc. (CNSX:OTB) ("Otterburn" or the "Company") announces today that the Company's previously issued interim financial statements for the quarters ended January 31, 2008 and April 30, 2008 have been restated to make corrections to the classification of approximately $85,000 of share issuance costs previously expensed as agent corporate finance fees and agent commissions.

The decision was made by management, following consultation with and upon the recommendation of the Audit Committee.

The Company has determined that it would have been appropriate to recognize $85,000 of share issuance costs previously recognized as agent corporate finance fees and agent commissions as the costs are related to the Company's initial public offering. This correction will result in approximately $85,000 of expenses being recognized as share issuance costs as at the quarter ended January 31, 2008.

The Company has filed its restated financial statements, restated MD&A, as well as the certificates of CEO and CFO for the quarters ended January 31, 2008 and April 30, 2008 and these documents are available for viewing on www.sedar.com.

About Otterburn Ventures Inc. - Otterburn is a British Columbia based small-cap mineral exploration company in the business exploring and potentially developing precious metal deposits in Canada. Otterburn is currently in the process of rolling out its exploration program and potential development of its Suskwa Claims Group located in the Harold Price Creek Valley, on the North East slope of Blunt Mountain, approximately 55 miles north of Smithers, B.C.

On Behalf of the Board

Robert Cairns, CEO

The CNSX does not accept responsibility for the adequacy or accuracy of this release.

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