Otis Increases Interest in Blue Hill Creek and Matrix Creek Projects to 100%

Otis Increases Interest in Blue Hill Creek and Matrix Creek  Projects to 100%

We are pleased to announce our increased interest in the Blue Hill Creek and Matrix Creek Gold-Silver Properties (Cassia County, Idaho) from 80% to 100% and reduction in the existing net smelter royalty on these projects from 2.5% to 2.0%. In consideration, 380,000 Otis Common Shares, subject to a voluntary hold period ending July 31, 2017,  will be issued to the vendors. Note that the transaction is subject to the approval of the TSX Venture Exchange and other regulatory bodies. 

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