Otis Announces Exercise of Outstanding Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 16, 2017) - Otis Gold Corp. (the "Company" or "Otis") (TSX VENTURE:OOO)(OTC PINK:OGLDF) is pleased to announce that 13,000,000 warrants expiring on June 18, 2017 have been exercised at a price of $.15 per common share. The Warrants were issued in connection with a private placement of units completed in June 2015. As of today, 100% of the outstanding Warrants were exercised. The proceeds from the warrant exercise totaling $1,950,000 combined with cash on hand at March 31, 2017 of approximately $5,200,000 give the Company, which is debt-free, an exceptionally strong balance sheet.