OEI Otish Energy Inc.

Otish Energy Inc. (the "Company") (TSX VENTURE:OEI) is pleased to announce it
has signed letters of intent with Mr. Kennard Gobin of East Coast Demerara,
Guyana, SA to acquire all of the hard rock mining rights (the "Rights") for the
Guyana Geology and Mines Commission Mining Permit No. 187/2010, Guyana Geology
and Mines Commission Mining Prospecting Permit PPMS/626/2010 and Guyana Geology
and Mines Commission Mining Prospecting Permit PPMS/627/2010 in the Cuyuni
Mining District #4, Guyana SA.


The consideration payable by the Company for the purchase of the Rights will be
US$10,000 payable in cash and 600,000 common shares in the capital stock of the
Company which shares will subject to the usual 4 month restricted period
required by the TSX Venture Exchange and applicable securities legislation.


The purchase of the Rights is subject to due diligence by the Company and the
completion of formal documentation.


The Company is also pleased to announce that the assignment agreement with
Trevor Taylor of Ajax, Ont., (previously announced in Stockwatch June 25, 2010)
whereas Mr. Taylor agrees to transfer to the company his exclusive and sole
right title and interest in the contiguous land block comprising six
medium-scale prospecting permits, comprising approximately 6,900 acres, located
in Puruni, Mazaruni mining district No. 3, Guyana is near completion. The
Company anticipates commencing a detailed exploration program on the Purini
project in early January 2011.


On Behalf of the Board of Otish Energy Inc.,

Steve Smith, President

This news release may contain forward-looking statements based on assumptions
and judgments of management regarding future events or results. Such statements
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements. The Company disclaims any intention or obligation to
revise or update such statements.

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