Otis Gold Drill Results. Dec. 15, 2009

Kilgore Plan

N-S Section

E-W Section

CSAMT Survey

• 90 feet of 37.0 gpt Au
• 109 feet of 3.7 gpt Au
• 90 feet of 5.9 gpt Au
• 90 feet of 5.2 gpt Au
• 45 feet of 11.25 gpt Au
• 5 feet of 33.8 gpt Au
• 25 feet of 18.9 gpt Au

The project is comprised of 150 unpatented claims and covers an area of approximately 3,000 acres (4.7 square miles).

Historical Drilling: From 1983 to 1998, major gold mining companies have spent more than $8 million for property acquisition, drilling, geophysical and geochemical surveying and metallurgical testing. A total of 197 diamond and reverse circulation holes have been drilled for total footage of 126,417 feet.

The last exploration conducted on the property by a major company was 1996. Late in the season of that year a major geochemical soil anomaly, as depicted below, was identified. An extensive airborne geophysical survey was also completed in the fall of 1996. The survey identified a number of strong anomalies which are coincident with the large geochemical soil anomaly.

In the fall of 2003, Kilgore Minerals carried out a program of geologic mapping, surface sampling and structural interpretation on the property. This field work resulted in the development of a more comprehensive understanding of the structural fabric and controls of the gold mineralization on a property-wide scale than were previously understood. As a result, a number of highly attractive new targets for drill testing were developed.

In 2004, the Kilgore Minerals carried out a diamond drill program entailed the drilling of six holes with a total footage of 5,319 feet. The drill program was successful with the discovery of a high-grade gold mineralization within a wide zone of low-grade gold mineralization. The high-grade is a 10 foot section averaging 0.465 opt gold (or 14.5 grams per tonne gold). The lower-grade envelope is a 170 foot section which averages 0.04 opt gold or 1.25 grams per tonne gold. This very encouraging discovery has been designated the "Elsa Zone", and the discovery hole is 4,650 feet from the known 489,000 ounce gold resource. Subsequently, Kilgore Minerals (which also controlled a range of uranium assets in the USA) was acquired by a Bayswater Uranium Corp. ("Bayswater").

The currently known resource was estimated to be 218,000 ounces gold indicated and 269,000 ounces gold inferred by G.H. Rayner and Associates and Bruce H. Van Brunt in their NI 43-101 compliant technical report. Additionally, a non- NI 43-101 compliant global resource of 706,000 ounces was calculated by Echo Bay Mines.

In July 2008, Otis Capital Corp acquired a right to earn up to a 75% joint venture interest in the Kilgore Gold Project from Bayswater. Otis’ senior geological team enjoys a an excellent historical knowledge of the Kilgore Gold Project arising from their years with Echo Bay Mines (Dr. John Carden was the Director of US Exploration and Mr. Mitch Bernardi was a senior geologist responsible for a 3.5 year Echo Bay drill program at Kilgore).

Previous companies concentrated on identifying a large low-grade bulk mineable deposit. However, Otis intends to follow-up on high-grade Intercepts to possibly develop an underground mining scenario, implement closer drill spacing to define and develop mineable shoots and revisit economics for both smaller underground operation and a larger bulk-mineable operation.