OEI Otish Energy Inc.

Otish Energy Inc. (the "Company") (TSX VENTURE:OEI) is pleased to announce that
its wholly owned Guyanese subsidiary, Otish Gold (Guyana) Inc has closed the
Assignment Agreement ("Agreement"), as announced in Stockwatch June 26, 2010,
with Trevor Taylor ("Taylor") of Ajax, Ontario whereas Otish will have exclusive
and sole right in the contiguous land block comprised of five (5) Mining Permits
- and Taylor's exclusive and sole right to purchase Henry Alphonso's
("Alphonso") (1) Prospecting Permit - Medium Scale (PPMS) totaling in area
approximately 9000 acres located in Puruni, Mazaruni Mining District No. 3,
Guyana (the "Property"). 


The Property

The Property is located in the tropical rain forest on the Puruni River about
160 km southwest of Georgetown, the capital of Guyana. The nearest developed
settlement is Bartica, approximately 90 km away at the junction of the
Essequibo, Mararuni and Cuyuni Rivers. The Property can be reached by road,
helicopter or river boat. A gravel road from the mouth of the Mazaruni River
passes within a few hundred meters of the property. The helicopter trip takes
about 30 minutes from Cheddi Jagan International Airport at Timerhi.


Otish has completed a NI 43-101 compliant Technical Report describing the
details of the exploration project at the Property. The report was completed by
Ulrich H. Kretschmar PhD, PGeo., of Orillia, Ontario. Mr Kretschmar is a
Qualified Person for the purpose of Canadian NI 43-101, Standards of Disclosure
for Mineral Projects.


The report provides the first detailed summary of the geology, history and
exploration of the Purini Property. The report is available at www.sedar.com and
is available on the Company's website at www.otishenergyinc.com. 


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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