Otis Reports Q3 Financial and Operating Results

Otis Reports Q3 Financial and Operating Results

The following selected financial data is derived from our unaudited condensed interim financialstatements and related notes thereto (the “Interim Financial Statements”) for the nine months ended March 31, 2019 as prepared in accordance with International Financial ReportingStandards (“IFRS”). The amounts reported herein are in Canadian dollars.

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Otis Raises $1.3 Million Through Sale of Non-Core Asset

Otis Raises $1.3 Million Through Sale of Non-Core Asset

Otis is pleased to announce that it has raised a total of approximately $1,320,000 through the sale of 2,000,000 common shares of Revival Gold Inc. (“Revival”). A total of 1,771,000 shares were sold in a private transaction and the remainder were sold through the TSX-Venture Exchange. The sale of these shares provides non-dilutive capital to fund the ongoing development of both the Kilgore and Oakley Projects and for general working capital purposes. The Company’s remaining shareholding in Revival, totaling approximately 750,000 shares, will be held for investment purposes. The shares in Revival were received in June 2017 as partial compensation for the sale of two non-core claim blocks known as the Hai and Gold Bug Projects,

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Kilgore Gold Mine Project On The News

Kilgore Gold Mine Project On The News

The past year was truly stellar for Otis' Kilgore Gold Project. A 12-month review revealed great news in drilling, financing and team growth. Then, just before the December 31st mark, an increase in financing to $800,000 was announced. As a result, there has been a lot of talk about our company in the news. Below is a brief look at the latest articles that may be of interest to you.

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